mynameisandhy Posted October 29, 2012 Author Report Share Posted October 29, 2012 News and Review of European Economic Zone European markets Induced Storms Sandy Monday, October 29, 2012 The majority of shares in major European bourses traded lower earlier this week. Closure of major U.S. markets due to emergency conditions helped suppress storm Sandy global market sentiment, including Europe. Germany's DAX and CAC40 French each had slipped 0.6% and 0.9%. Similar movement was also seen in the UK FTSE, which is down about 0.6% in the first three hours of trading. The U.S. east coast is in a situation of high alert on Monday as a storm approaches that might be the worst storm ever to hit the country. Waves as high as 6 till 11 feet predicted by the National Weather Service will hit several cities in the U.S. on Tuesday night. While the latest news from the European region, said if the government of the European Union will this week start a discussion relating discourse cuts of € 50 billion ($ 64.6 billion) from the European Union's long-term budget to reach € 1 trillion. Reuters also reported on Monday that foreign creditors Greece has refused to make further concessions on changes to labor laws are being debated by the Democratic Left Party, which made the process leading to the disbursement of the bailout agreement next phase of the EU / IMF to be getting longer. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 30, 2012 Author Report Share Posted October 30, 2012 News and Review of European Economic Zone (Germany) German Unemployment Rate Stable at 6.5% rate Tuesday, October 30, 2012 Federal Labor Agency (Federal Employment Agency) says that the number of unemployed in Germany fell only slightly in October from the previous month, so that the overall unemployment rate unchanged at 6.5 percent. Employment agency head Frank Weise said today (Tuesday) that the figures showed that despite slowing economic growth amid the European financial crisis, but the labor market remains strong overall. Overall as many as 2.753 million people have lost their jobs in October, down by 35,000 from September. When adjusted for seasonal factors, the unemployment rate increased by 20,000 people to the adjusted unemployment rate was 6.9 percent. In October 2012 Germany to get unemployed 16.000 more than in October 2011. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 31, 2012 Author Report Share Posted October 31, 2012 News and Review of European Economic Zone (Greece) Hope Help For Greece Increasingly Dim Wednesday, October 31, 2012 The dilemma appears among euro zone finance ministers as negotiations between Athens and foreign creditors nearing conclusion related reforms need to be implemented by Greece to obtain aid package. Greece must seek reform in the form of budget cutbacks and tax hikes totaling 13.5 billion euros in order to secure the bailout funds and avoid bankruptcy. However, this opportunity was fading because Athnea has issued projections that its current account surplus is likely to fall more than half the original target with an economic contraction of -4.5% in 2013, pushing the debt to a record 189.1% of GDP. Account surplus was estimated at only 0.4%, down considerably from the original target of 1.1%. In teleconferencing meeting today, European finance ministers have an important decision, but discuss other options for Greece ahead of a key meeting of the Eurogroup on 12 November. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 31, 2012 Author Report Share Posted October 31, 2012 News and Review of European Economic Zone Beware of Risks ECB Bond Purchases Wednesday, October 31, 2012 ECB wary of the risk of the bond-purchase program that could result in losses, according to the members of the ECB's monetary council Coeure Benoit. Nevertheless, the ECB stressed Coeure not in negotiations with any European government bond purchases to activate the program. "We should be aware of the risk portfolio of the central bank's balance sheet," said the ECB's Coeure when delivering seminars in Osaka. "European capital markets are still fragile due to the crisis. However, these conditions will not last long. ECB will do anything to keep the unity of the capital markets. All we do is seek the financial system to keep it running while waiting for a solution from the government to tackle the euro-zone debt crisis. ' Meanwhile, the euro rose on the London session. EUR / USD is now trading 1.3004, moving away from a daily low of 1.2946 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 31, 2012 Author Report Share Posted October 31, 2012 News and Review of European Economic Zone (Spain) Rajoy: Spain Need to Reform via the European Policy Wednesday, October 31, 2012 Spain will come out of the current crisis through a combination of domestic reforms and policy decisions taken at the European level, Spain's Prime Minister Mariano Rajoy said in parliament today (Wednesday). "Overcoming the crisis depends on the national reform, but also from European policy," Rajoy said. Leader of Spain has made financial markets guessing, whether he will ask the European Union's rescue fund. Rajoy said that "the EU move, but the pace seems very slow for most of us." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 31, 2012 Author Report Share Posted October 31, 2012 News and Review of European Economic Zone Euro-Zone Unemployment Rate Rises Wednesday, October 31, 2012 Economic contraction experienced by the euro zone seem to worsen the condition of the labor sector. This is evident from the increase in the unemployment rate reached 11.6% for the month of September, more than forecast and the publication of the revised 11.5% in August. Protracted debt problems, and the implementation of various tax benefits to the business community must be willing to make the company cut its workforce. Businessman also quite bleak with the potential of domestic consumption in the euro-zone inflation still at a high level and aggressive cuts in government subsidies. Meanwhile, the euro looks reluctant to continue the momentum of gains after the data was released. EUR / USD is now trading 1.3000, still close to the daily high level 1.3013. On the other hand, RBS saw the euro rally to a halt in the range of 1.3016 to 1.3044. Technical analyst at RBS, William Moore, said he would be very surprised if the EUR / USD can pass 1.3080 area Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 1, 2012 Author Report Share Posted November 1, 2012 News and Review of European Economic Zone Schaeuble: Employment Troika To Greece Is Not Finished Thursday, 01 November 2012 The Troika, which is the international lenders, still have a question that is not answered above Greece and her work so far has not been completed. Germany Finance Minister Wolfgang Schaeuble said on Wednesday. Troika consisting of the IMF, the European Central Bank and the European Commission, are conducting negotiations with Greece over austerity measures further and reform that will enable the launch of advanced loans to the country which is almost collapsing. Schaeuble said that the decision about how the continuation of the problems in Greece will decide in November but he cautioned central pressure with a limited time, so as to allow the lead to a poor compromise. "A short time can lead to a solution that is not responsible, "he added. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 1, 2012 Author Report Share Posted November 1, 2012 News and Review of European Economic Zone (Greece) Greece's Recession Will Still Go On Thursday, 01 November 2012 The draft budget of the Government of Greece showed the economic recession will worsen in 2013 amid rampant implementation of austerity policies and low purchasing power of consumers. Athens estimates the economy will experience a contraction of 4.5 percent worse than the previous estimate of 3.8%; 2013 surely will be the sixth year the economy slumped in the abyss of recession. Athens also cut its budget surplus target of 1.1% to 0.4% of the GDP. The draft budget has been submitted to the Parliament of Greece, where voting is likely to be made next week. The budget is important because it can be the key for the next disbursement of bailout for Greece. However, the budget also shows Greece's economic prospects are still suramnya. Meanwhile, the euro is strengthening in the London session lower. The EUR/USD is now traded away from high level, 1.2974 daily 1.3020 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 1, 2012 Author Report Share Posted November 1, 2012 News and Review of European Economic Zone Spain & Greece Issues Still Influence The Market Thursday, 01 November 2012 Initiated in November (Thursday, 01/11), the world market seems less passionate because most investors still seemed overshadowed anxiety against Spain and Greece uncertainty that still will limit any appreciation of the assets of the product at risk. Even European economic data weighs on investor sentiment again yesterday after the unemployment rate data for the euro zone hit a record high 12.8%, while Yunan and Spain are both equally above the level of 25%. The American Stock Exchange yesterday Wednesday (Wall Street) has re-opened after being closed for two days due to the cyclone storm that struck large areas of America. But it made the market thus became worried back against corporate earnings reports that will be popping up under expectations. Market worries over the world economy back sticking out after this morning's manufacturing activities of Australia and American business activity overnight, experiencing shrinkage. The focus of investors now appear to be turning to U.S. labor report last October, according to the U.s. Labor Department will release on Friday the upcoming, and expectations will be improved from the previous month. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 2, 2012 Author Report Share Posted November 2, 2012 News and Review of European Economic Zone (Spain) The Spain's Manufacturing Sector Was Still Experiencing Contraction Friday, 02 November 2012 Berlarutnya economic recession makes the manufacturing sector is contracting again to Spain in October. The manufacturing index slipped to as low as 43.5; lower than the September publication of 44.5. The Euro was weakened after the data was released. The EUR/USD is now traded away from the high level of 1.2900, 1.2950 daily The "four-quarter looks like it will still be a bad period for the manufacturing sector of Spain. The economic crisis hitting enough demand, "said Markit Economist Andrew Hanker, which released the data. The purchasing power of consumers is also quite low with high rates of unemployment in the biggest economies are no. 4 in the euro-zone. Access to credit the company also still hard with the berlarutnya-zone debt problems in euro. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 2, 2012 Author Report Share Posted November 2, 2012 News and Review of European Economic Zone (Greece) Greece Was Facing Funding Problems Friday, 02 November 2012 The IMF is still seen as the biggest obstacle to funding problems for disbursement over the next bailout. Greece still has to pass the austerity policies valued at € 13.5 billion from the Parliament in order to persuade international lenders to disburse the bailout funds. "Greece has made progress and there might be an agreement in the near future. However, discussions are still underway over the sustainability of the debt ratio of Greece, "said IMF spokesman Gerry Rice,. "The Program of financing should be consistent with debt sustainability." Troika-team consisting of the IMF, ECB and EU-are preparing to Greece's debt sustainability analysis examines the various ways that can cover the needs of Greece's funding if it is to achieve a budget surplus. According to the mandate, the IMF could not lower the interest rate on the loan to Greece. However, Rice purchasing program point out the bond back (buy-back) is one of the policy options to reduce Greece's debt ratio. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 2, 2012 Author Report Share Posted November 2, 2012 News and Review of European Economic Zone (UK) Construction Of The United Kingdom Are Trying To Mute The Fall Of Sterling Friday, 02 November 2012 Sterling tried to reduce attenuation after the data gave hope construction will be the continued momentum of economic recovery of the United Kingdom. United Kingdom construction index rose to 31.6 for October; higher than the previous estimate of 30.8 30.5 and publications. GBP/USD is traded now 1.6100, try abstaining from the low level 1.6079 daily Good economic indicators certainly confirms the expectation that United Kingdom will not be slumped back into the abyss of recession. United Kingdom has come out of recession in the third quarter after GDP data show economic growth of 1%. With the continued momentum of the economic recovery and the Bank of England also may not provide additional monetary stimulus at a meeting next week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 5, 2012 Author Report Share Posted November 5, 2012 News and Review of European Economic Zone (Greece) Greece Is Facing A Crucial Week Monday, 05 November 2012 Greece's Government hopes to pass two voting in the Parliament which will be an important week for Greece, with one Minister saying that if Greece Greece can overcome this obstacle, it will eliminate the option of Greece will leave the euro. "This is a very important week," said Olga Kefalogianni Greece's Tourism Minister on Monday. "The Two voting in Parliament could mean Greece will not get out of the euro zone. So the voting was very important. " The Government will propose austerity policy was last Monday's pad with voting on Wednesday along with the hope to get help from the International Monetary Fund and the European Union. George Saravelos from Deutsche Bank trust that there is a possibility of about 80% of reform can be approved by Parliament. "It's obvious the other 20% will be bad and even if the policy is approved, we are still encountering obstacles in the future. So this would be a potential risk, "according to Deutsche Bank. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 5, 2012 Author Report Share Posted November 5, 2012 News and Review of European Economic Zone (Greece) The Austerity Package Presented To The Athens Parliament Of Greece Monday, 05 November 2012 The Government austerity package Greece will mensajikan to Parliament today and hope it will get the support of a majority of the representatives of the people for the sake of securing the next bailout funds disbursement. Parliament is scheduled to conduct the vote on Wednesday on the package trimming budgets, tax increases, and policy reform of the labor sector was worth € 13.5 billion. Although the Democratic Party of the Left and some members of Parliament from PASOK does not support these packages; However, the majority of members of Parliament from the Party of PASOK and New Democracy Party members have provided support. This means Athens will get 153 of the 300 votes in the Parliament of Greece; enough to pass the austerity package. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 5, 2012 Author Report Share Posted November 5, 2012 News and Review of European Economic Zone European Investor confidence Improves for 3 consecutive months Monday, 05 November 2012 European investor confidence increased for the third month in November over plans for the purchase of bonds by the European Central Bank calmed the financial markets, according to the Institute of Sentix. The index of economic sentiment in the European zone rose to-18.8 from-22.2 in October, according to the Sentix, in Limburg, Germany. Economists predict a rise to 9. "Some simply deserted last week but the absence of news about the crisis of the European zone negated has made investors more optimistic," said Sebastian Wanke, senior analyst Sentix. Investors also may be "more optimistic policy designed by ECB President Mario Draghi in summer will show its positive impact," he said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 6, 2012 Author Report Share Posted November 6, 2012 News and Review of European Economic Zone Merkel, Chancellor of Germany: Europe's Debt Crisis will last at least 5 years Thursday, 06 January 2011 The Chancellor of Germany, Angela Merkel said that the European government debt crisis will persist for at least 5 years or more. Merkel said that the continent is already in the plot in coping with the crisis but "anyone who thinks that this will be resolved within a period of 1 or 2 years was a mistake". Two years ago some countries that are burdened in debt dragged into the mess that never happened the global financial market in 2007. Greece in particular, has sought to perform the recovery steps provided by countries such as Germany. But Merkel said at the meeting of the regional demokratid for the party Saturday that the time has arrived for the existence of "a bit of tightening". Otherwise, he said, Europe will not be getting interest from international investors. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 6, 2012 Author Report Share Posted November 6, 2012 News and Review of European Economic Zone Europeans More Skeptical With The Performance Of Spain Thursday, 06 January 2011 The European Commission predicts Spain's economy will experience a contraction of 1.5% for 2013. This is more pessimistic than the Government estimates Spain's largest economy predicted the No. 4 in the euro-zone would contract 0.5% next year, according to the El Pais report. Citing a draft of the European Commission, the daily El Pais reported the European Commission predicts Spain will experience a contraction of 1.6% for 2012 and grew 0.5% in 2014. This is worse than the Government's estimation that only expect a contraction of 1.5% for 2012 and growth of 1.2% to 2014. The European Commission also predicted Spain's Government budget deficit will reach 8% of GDP in 2012, 6% in 2013 and 5.8% to 2014. This is more skeptical of the Government's estimation that predict Spain budget deficit amounted to 7.3% in 2012; 4.5% in 2013 and 2.8% to 2014. Meanwhile, the euro weakened on the London session. The EUR/USD is now traded away high level 1.2782, 1.2803 daily. On the other hand, UniCredit see fragile is the EUr/USD's performance due to berlarutnya issues of Greece and Spain. UniCredit explicate 1.2690 as the target and just see the weakening of the euro rallied above 1.2830 that can reduce the selling pressure. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 6, 2012 Author Report Share Posted November 6, 2012 News and Review of European Economic Zone (Greece) The Action Stopped Work Again Give Greece Thursday, 06 January 2011 Unions back doing action mogok for 48 hours in protest over the austerity policies that have worsened the condition of Greece's economy. It is the biggest strike action for the third time in the last two months at a time when the Government is trying to get the support of Parliament to run the austerity policies. Athens needs to get approval from the Parliament in order to secure the disbursement of bailout next. Transportation facilities will be paralyzed as the stopping of operational rail, taxis, and buses. Flights have also been canceled while the ship would remain in port. Schools, banks, and Government offices were also closed while hospitals only operates with minimal staffing. Police had was alerted to anticipate worsening rallies that will probably peaked when the Parliament does vote on Wednesday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 7, 2012 Author Report Share Posted November 7, 2012 News and Review of European Economic Zone (France) France Launches New Stimulus Policy Package Wednesday, 07 November 2012 The French Government on Tuesday unveiled a series of actions in an effort to boost the performance of the industrial sector who are depressed. The policy package includes € 20 billion tax-trimming business sector over the past three years, trimming a budget of € 10 billion and an increase of € 1 billion in consumer taxes. Sales tax will also be raised from 19.6% to 20% from 1 January 2014. "Can not be denied if the global slowdown began hurting French industry, and surprise is very important for the Government to be able to return control of growth," said PRIME MINISTER of France, Jean-Marc Ayrault. But the French Government action is viewed by some circles are still not strong enough to dampen the risk of sudden collapse of competitiveness, as warned by the former head of EADS, Louis Gallois, in a Government report on Monday Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 7, 2012 Author Report Share Posted November 7, 2012 News and Review of European Economic Zone (Greece) Greece Faced A Decisive Voting Wednesday, 07 November 2012 Greece is heading the decisive vote on the austerity measures needed to keep the bailout was in its path, along with the start of the strike and the European officials who have yet to reach an agreement over the right time to procure funds for the rescue. Eu Commissioner Olli Rehn was speaking at a meeting of the G-20 in Mexico City, today he says that the deal should be made at a meeting of Eu Finance Ministers in Brussels 12 November. A European G-20 officials who have kept secret said before that she doubted the prospects of Rehn the time limit, the officials will not result in a deal. Greece is under pressure to make more efforts in controlling budget deficits and deregulation of the economy. "We need a joint opinion on how to reduce the burden of debt on November 12, "Rehn told reporters."I am sure that we are able to reach a mutual agreement. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 7, 2012 Author Report Share Posted November 7, 2012 News and Review of European Economic Zone (Greece) Bailout Voting Did Not End The Suffering Of The Greece Wednesday, 07 November 2012 Greece became the focus of investors this week as Greece's Parliament is considering a new tightening policies aimed at avoiding bankruptcy. But analysts believe that the aid package worth 14 billion dollars is probably only going to make the Athens felt a little relieved, as the debt burden that continues to accumulate. Greece's Government on Wednesday will take votes on labor market reforms, including trimming salaries, pension funds, and a number of other allowances, which it will add to the suffering of the community standard life Greece pressured for years by the recession, rising unemployment, declining levels of wages and tax increases. The budget for 2013 would then be delivered at Parliament on Sunday. Assuming the Coalition Prime Minister Antonis Samaras got a majority of votes, the Finance Ministers of the eurozone will release the aid worth 31.5 billion euro as Greece's second bailout at a meeting on November 12, later on, to be received by 5 billion euro by Greece four days later. The Kesekapaktan will give Greece time 2 years longer to reach a target budget and debt set by the European Central Bank, the European Union and the International Monetary Fund in March. However, this would create a problem of funding worth 20 to 30 billion euro, hinggga and with the countries of the euro zone are reluctant to spend money, the problem may just be diulur-ulur. "The problem for investors today is that Greece will be financially weakened next year and very likely in need of additional funds (and face the budget trimming back) in 2013," said Paul Christopher, the head of the international strategic at Wells Fargo Advisors. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 8, 2012 Author Report Share Posted November 8, 2012 News and Review of European Economic Zone (Germany) Germany's Exports Of Weakening Performance Thursday, 08 November 2012 Export Germany sign the weakest performance since December 2011 as activity slowed the world economy. This is also an additional evidence that the biggest economy in the euro-zone have also felt the impact of the debt crisis berlarutnya. Exports and imports respectively dropped by 2.5% and 1.6% for the month of September; lower than the predicted decline of 1.5% and 0.1%. Germany companies have complained about weak demand from Europe. Tyre manufacturer Continental has reduced its production capacity and steel producer Salzgitter even trim the revenue outlook for the year 2012. The European Commission also expressed demand for Germany exports will not be so bright for next year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 8, 2012 Author Report Share Posted November 8, 2012 News and Review of European Economic Zone Europe Is Optimistic Ahead Of The Weekend Thursday, 08 November 2012 European stock exchanges observed strengthened amid corporate earnings reports and news voting trimming Greece's budget. But the exchange rate of the euro, the bond market and the price of gold is still vulnerable ahead of meetings of the European Central Bank (ECB) and the Bank of England a few hours ahead. Greece's Parliament took a vote related to new proposed trimming program of the Government. If the voting without a rejection means that the Parliament could continue the agenda of the next draft budget problem voting 2013 upcoming Sunday. The second event is very determining finalization of the bail out of the EU. Major European stock indexes rose even though the index minus Greece ASE to barely 1%. Rallies that swept the capital ends ricuh giving bad sentiment to the equity markets. Pending a leadership succession in China, investors can follow the decisions of the ECB and the BOE interest rate today. The second authority is predicted not to change interest rates and asset purchase schemes. BOE will maintain interest rates at 0.5%, while the ECB also will not shift the level of interest rates 0.75%. One of the agenda should be listened to is Mario Draghi's press conference after the meeting. Investors can find out the perception of central bank against current economic development and the resolution of the debt of the euro zone. After that, the focus switched to Spain bonds auction valued at 4.5 billion euros ($ 5.7 billion) raised via bonds, 3, 5 and 20 years. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 8, 2012 Author Report Share Posted November 8, 2012 News and Review of European Economic Zone ECB Keeps interest rate 0.75% Thursday, 08 November 2012 Stable inflation in a high level seemed to successfully force the European Central Bank not to loosen the economic outlook despite the moneternya-euro zone now overshadowed by recession. The ECB still maintains interest rates at a low level, according to the predictions of 0.75% and has not changed from the previous meetings in October. The Euro is seen trying to reduce attenuation after the data was released. The EUR/USD is traded now 1.2740, try abstaining from the low level of 1.2719 daily Investors are now waiting for the President of the ECB press release of konverensi, Mario Draghi, at 20.30 BST to find more instructions on the monetary policy outlook. Investors also want to see whether the central bank will lower its estimate of economic growth in the euro-zone and how the condition of the financial system. OMT ECB Program will also be under scrutiny as investors want to know what the terms and rewards will be available for countries that want to activate the program. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 10, 2012 Author Report Share Posted November 10, 2012 News and Review of European Economic Zone (Greece) Greece Industrial Output Shrank 7.3% Friday, 09 November 2012 The industrial sector is increasing the productivity of Greece in September compared to a year earlier, continuing the trend of a decline after a prolonged rise in the previous month, according to an official data released on Friday. Greece Industrial Output slumped 7.3% in September after he recorded an increase of 2.5% in August, according to the Hellenic Statistical Authority. Manufacturing Output also decreased 6.9% compared to the previous year, while the mining sector production declined 1%. Under an international bailout package 2, austerity measures enacted the Government ate the victim. Perekonomoian Greece continue to be stuck in a severe recession for the 5th year. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.