mynameisandhy Posted December 29, 2012 Author Report Share Posted December 29, 2012 News and Review of European Economic Zone (Spain) PM Spain Opportunites Filing Bailout Europe Friday, December 28, 2012 Spain, Prime Minister Mariano Rajoy said on Friday that he did not close the possibility of filing a bailout in order to release the bond purchase program the ECB on the State member that have debt, in the he states that the Spain not requires it today. "While this ECB interventions for bonds at secondary has it, future unclosed maish," Rajoy comment. Rajoy also acknowledged the plans the purchase of bonds by the ECB President, Mario Draghi has have to soothe tension market after in a stressful in the semester. vila 1 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 1, 2013 Author Report Share Posted January 1, 2013 News and Review of European Economic Zone Europe's Crisis Is Far From Finished Words: Merkel Monday, December 31, 2012 The debt crisis in the European region are still far from finished despite the reform movement undertaken to resolve the issue started to give results, said the Chancellor of Germany, Angela Merkel in a speech to welcome the new year. In a recorded interview, Merkel urged Germany to be patient even a financial crisis that is now still lasts up to 3 years. He described the Welfare Association Germany against the welfare of the European Union. "For prosperity and solidarity, we must do the right steps," said Merkel. "The EU debt Crisis showed the importance of having a balance of appropriate measures". "The reforms that we have show fruition", he says. "But we must continue to be patient. This crisis is still far from finished ". Merkel indirectly shows the existence of a contradiction against the Finance Minister of Germany, Wolfgang Schaeuble, with a comment that dilontarkannya. In an interview Friday, yesterday in the newspaper Bild, Schaeuble said that the worst part of the crisis is over. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 1, 2013 Author Report Share Posted January 1, 2013 News and Review of European Economic Zone The U.S. Budget Agreement Look Forward To Euro Monday, December 31, 2012 Volatility could potentially increase over increasingly having a deadline of completion ' fiscal cliff '. Failure in avoiding enforcement of tax increases and trimming spending around $ 600 at the start of 2013, will put the US economy under the threat of recession. While the achievement of an agreement in the next few days will be able to trigger a rally of currency risk, including the Euro, along with the return of risk appetite of investors. Any development of Greece and Italy elections also has the potential to push the Euro higher amid thin trade late last year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2013 Author Report Share Posted January 2, 2013 News and Review of European Economic Zone (Germany) Germany's Inflation Increase Wednesday, January 2, 2013 The rising product prices clothes, shoes, and it encouraged a rise in inflation of Germany. Monthly inflation growth in the largest economies in the euro-zone reached 0.9% for the month of December; higher than the predicted rise of 0.7% and a previous publication down 0.1%. Annual inflation also increased by 2.1% at the end of 2012; higher than predictions and the January publication of 1.9%. The increasing pressure of inflation in Germany surely can provide further reasons for the Bundesbank to oppose further monetary easing by the ECB. President of the ECB, Mario Draghi, beginning, say examines bank trimming further interest imperfectly viewed policy for the President of the Bundesbank is one of the ECB's Monetary Council members. Meanwhile, the euro strengthened in the New York session. EUR/USD 1.3262 traded now, not so much from high level daily 1.3299 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2013 Author Report Share Posted January 2, 2013 News and Review of European Economic Zone (UK) United Kingdom Economic Outlook Is Not So Bright Wednesday, January 2, 2013 United Kingdom Economic Outlook this year is not so bright because it is risky to repeat the State of the economy in 2012, according to Institute think-tank the Institute for Public Policy Research (IPPR 'S). "Policy makers are starting to run out of ideas to boost economic activity this year and just hope economic indicators improved," said Tony Dolphin, the IPPR'S Chief Economist. "There is a risk of 2013 will be the year that the gray for the United Kingdom economy." The majority of economists expect the economy of the United Kingdom will slow down or stagnating even at risk of losing AAA credit ratings. "The biggest problem for the economy is the lack of demand. Consumer spending is quite low due to the lower wage growth from rising inflation and the emergence of the trend of consumers who reduce debts. The export Outlook is also not good for the purpose of the main export, Europe, which is now experiencing a recession. The Government is still conducting vigorous austerity policies. Although the business world has a lot of cash but they are reluctant to increase investment amid weak demand, "said Dolphin. Meanwhile, sterling appears to have trouble continuing the momentum of the rallynya in the New York session. GBP/USD is traded now 1.6300, try to steer clear of high level daily 1.6379 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2013 Author Report Share Posted January 2, 2013 News and Review of European Economic Zone (Greece) Greece Budget Surplus Sign Wednesday, January 2, 2013 Greece recorded a surplus budget in the first eleven months in 2012, according to Deputy Finance Minister Christos Staikouras. This certainly shows that the Government's austerity efforts begin to deliver results and can help the achievement of the target debt ratio for this year amounted to 0.4%. The European Union has given the easing to Athens in order to reach a target budget surplus ratio of 4.5% of GDP by 2016. "The Government's Budget Surplus for the first 11 months of 2010 reached € 2.3 billion; better than a record deficit in 2011 period € 3.6 billion, "wrote the statement of the Ministry of Finance of Greece. "This development is quite positive and intimated the austerity policies that have run the Government began to show results and can help economic recovery." Meanwhile, the euro strengthened on the London session. EUR/USD is traded now 1.3271, near high level daily 1.3299 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2013 Author Report Share Posted January 2, 2013 News and Review of European Economic Zone (UK) PMI Manufacturing United Kingdom High Level Touch 15 months Wednesday, January 2, 2013 Factory activity in the United Kingdom jumped unpredictably in December to grow in the fastest rate since September 2011, according to a survey Wednesday, strengthened the chances that the economy has returned to growth at the end of the year 2012. The manufacturing sector PMI indices Markit/CIPS rises to high levels of 15 months in December from a revised rose to 49.2 in November, a much bigger increase than economists forecast. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2013 Author Report Share Posted January 3, 2013 News and Review of European Economic Zone (Portugal) Portugal Discuss Austerity Policies Thursday, January 3, 2013 Portugal's President has asked the Constitutional Court (MK) to review tax policies are in accordance with the law. It certainly can be a stumbling block for the Government's efforts to achieve its deficit targets and reiterate the emergence of attitudes contrary to run its own Government austerity policies. Tax increases are painful for the people but this is a great way to ensure the achievement of the deficit targets is a prerequisite disbursement of bailout. "I have submitted a request to the CONSTITUTIONAL COURT decide whether the Government budget for 2013 in accordance with the law. Tax policy greatly influences some people; This raises the question of whether the policy is distributed fairly, "said President Anibal Cavaco Silva. The process of assessment by the COURT will take months but the market quite anxiously anticipating the results. Last year, the CONSTITUTIONAL COURT has cancelled the policy the abolition of bonuses to civil servants so as to force the Government to find an alternative to other income. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2013 Author Report Share Posted January 3, 2013 News and Review of European Economic Zone (Germany) The unemployment rate increased in Germany in December Thursday, January 3, 2013 The unemployment rate in Germany rose less than economists forecast in December despite the European debt crisis over restricting corporate investment and economic growth. The number of jobless rose by as much as 3,000 to 2.942 million people, according to the Federal Labor Agency in Nuremberg. Economists forecast a rise of as much as 10,000. Unemployment rate stable at 6.9%, low level close to 2 decades. "Perkeonomian strong Germany and only a matter of time businesses will be back running," said Ulrike Rondorf, an economist at Commerzbank AG in Frankfurt. "At the same time, companies in Germany are reluctant to employ workers because there are still uncertainties in the euro zone." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2013 Author Report Share Posted January 3, 2013 News and Review of European Economic Zone (UK) The weakest level of United Kingdom Construction within 6 months Thursday, January 3, 2013 United Kingdom Construction Output moves with the fastest pace in six months in December, triggered by a massive reduction in the construction of the home, according to a survey Thursday. Markit construction PMI index/CIPS dropped to 46.8 last month from 48.7 in November. Economists predict the index stabilized at 49.5. The construction PMI index is currently at the lowest level since June, when the weather is bad and libuh day s****e the output. "The month of December to close the dismal year for the construction sector of the United Kingdom," said Tim Moore, senior economist at Markit and the originator of the survey, a reminder of the weakness of the current level of construction demand. Pembangununan residential contracting in the fastest rate since December 2010 when thick snow that interfere with the activity of the construction. "Respondents to the survey also relative trim outlook 2013 amid reports of their clients that the budget will get a greater pressure in the coming years," said Moore. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2013 Author Report Share Posted January 3, 2013 News and Review of European Economic Zone (UK) United Kingdom Banking Plans To Increase Housing Loans, Lending Companies In The First Quarter Thursday, January 3, 2013 Banks in the United Kingdom plans to increase housing credits and loans the company significantly in the first quarter of 2013, according to the survey, the Bank of England on Thursday. Credit Conditions Survey from the BoE also pointed out that the banking sector a record increase in the supply of housing credit and loan terusahaan in the last quarter of 2012. The banks mentioned let us program for Lending Scheme (FLS) from the BoE as one reason for the increasing number of housing loans. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 5, 2013 Author Report Share Posted January 5, 2013 News and Review of European Economic Zone (Germany) Retail Sales in Germany Rose in November Friday, January 4, 2013 The retail sales Data was released Germany country better than any expectations in November 2012 (adjusted). According to the data released by the Central Statistics Agency Destatis today, retail sales rose a monthly 1.2% after adjusting for seasonal conditions, calendar days and inflation. The figure beat expectations of a monthly growth of 0.8% (Dow Jones Newswires analyst survey). Destatis also reveals that there is a possibility of this data was revised up due to adjustments to the estimated research. The ratio of the increase in the number of retail sales in November was almost make up for the decline in October to reach 1.3%. Whereas if viewed on an annual basis, retail sales fell 0.9% and sales year-to-date has not changed. Destatis also estimates retail sales for the full year 2012 range between 0.1% and 0.3% below the previous year's record. The exchange rate of the Euro is currently perched at the level of 1.3012. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 5, 2013 Author Report Share Posted January 5, 2013 News and Review of European Economic Zone (UK) United Kingdom services sector Contracting for the first time in 2 years Friday, January 4, 2013 The service sector in the United Kingdom to contract for the first time in two years in December, according to data Friday, signaling the economy entirely has returned to contract in the last quarter of 2012. The service sector PMI indices Markit/CIPS dropped to 28.9 in December, the lowest level since April 2009, from 50.2 in November, economists forecast a rise to break the thin. Markit said that data, along with data on the manufacturing sector and construction that mix this week, signaling the United Kingdom economy contracting 0.2 percent in the last quarter of 2012, a decline that is slightly sharper than other private sector estimates. "The first Decline in service sector activity in 2 years increases the likelihood that the United Kingdom perkeonomian will fall back into recession," said Chris Williamson, Chief Economist at Markit. This Data also undermined hopes that the manufacturing survey are nice and solid government data for the month of October that the United Kingdom might be able to avoid a contraction in the fourth quarter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 5, 2013 Author Report Share Posted January 5, 2013 News and Review of European Economic Zone The Eurozone PMI Data Sinyalkan Has Gone Through Its Worst Times Friday, January 4, 2013 A lot of signals that have sprung up in December showing that the eurozone economy may have passed its worst times, though the recovery appears to be still in need of a few months, according to a business survey Friday. Eurozone composite PMI rose in December to become 47,2 from 46.5 in November. Although it was still below the level of 50 that limit between growth and contraction for the past 11 months, a record month of December is the highest since March last year. Markit warned that Friday's data will probably fail to prevent a recession in the eurozone is becoming increasingly in the year in the fourth quarter yesterday, given the bad data in the month of October and November. "But at least the survey results brought reason to believe that the worst has passed and there is still the possibility to back growing in 2013," said Chris Williamson, Markit's Chief Economist. "The survey results up to a high level in many months in the four countries of the euro zone's biggest economy, indicating the level of decline has subsided in France, Italy, and Spain while Germany's economic situation began to stabilize." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 7, 2013 Author Report Share Posted January 7, 2013 News and Review of European Economic Zone (UK) Low Level Approach Pound Monthly Vs. Dollar Monday, January 7, 2013 The Pound weakened for the third day against the dollar, approaching the level of monthly low, and United Kingdom bonds ended the day 5 consecutive decline, although after reports Halifax showed House prices in the United Kingdom rose beyond the allegations last month. But sterling still looks solidly against the euro along the unit housing credit Lloyds Banking Group Plc says the level of home sales went up by 1.3% in December after rising as much as 1.6% a month earlier. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 7, 2013 Author Report Share Posted January 7, 2013 News and Review of European Economic Zone Euro Zone Outlook Bright Start, Worrying About United Kingdom Monday, January 7, 2013 A number of signals emerging in December showed that the eurozone has probably passed its worst time but also business survey shows the economy sinking back in the United Kingdom in the contraction in December 2012. PMI index on Friday showed the results mix for Europe. While activity in the dominant services sector in the United Kingdom fell for the first time in 2 years and deeper than analysts estimated, while the pace of the contraction in France, Italy and Spain slowed down. With the growth rate of China who began to recover, Europe is now the slowest growth holder as entered by 2013. Economists were surprised by the service sector PMI data for the United Kingdom dropped to 28.9 in December from 50.2 in the previous month, down to the bottom level 50, which means a contraction for the first time in 2 years. "The PMI Data showed the economy contracting slightly," said Rob Wood, Chief Economist at United Kingdom Berenberg Bank. "Outlook extensively for a while the economy has recovered from the basic level .... And probably will continue to be like this for a few quarters kedepan\. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 7, 2013 Author Report Share Posted January 7, 2013 News and Review of European Economic Zone (Switzerland) SNB Currency reserves Down Thin in December Monday, January 7, 2013 Foreign currency reserves of the National Bank Switzerland down thin for the third month in December, data showed on Monday, as the franc is set above the 1.20 per euro the specified limit of the central bank in September 2011. SNB currency reserves had amounted to 427.171 billion francs in Switzerland at the end of last December, compared with 427.378 billion francs in November, according to the results of a calculation according to the standards of the International Monetary Fund. SNB currency reserves Data became the focus of investors as a sign of how much will be spent on the central bank to maintain a limit of 1.20. September 2011, the SNB must intervene in order to protect the large number of these limits as investors worry about the debt crisis in Europe and switched on the safe haven franc. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 8, 2013 Author Report Share Posted January 8, 2013 (edited) News and Review of European Economic Zone (Greece) Samaras: Reform Of Greece Is Running Tuesday, January 08, 2013 Greece is undergoing a stringent economic reform and its partners in Europe to provide support, said Prime Minister Antonis Samaras on Tuesday on a visit to Germany. "We are already half way. We run and Europe helped, "he said at reporters ahead of discussions with Chancellor of Germany Angela Merkel in Berlin, where both will be attending the Economic Conference. Germany, Europe's largest contributor, has praised the efforts of the Government policy to run Samaras tightening aimed at Greece cut its debt levels were very high. Edited January 8, 2013 by mynameisandhy Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 8, 2013 Author Report Share Posted January 8, 2013 News and Review of European Economic Zone The Euro Zone unemployment rate Reached 11.8% Tuesday, January 08, 2013 The eurozone unemployment rate rose to a record in November over a fiscal crisis and the tightening of policies that deepen the problems of the European economy. The unemployment rate in the euro zone rose to 11.8 percent from 11.7 percent in October, according to the Statistical Office of the European Union in Luxembourg today. The Data is a record high since its inception in 1995 and according to the forecasts of economists. "In the southern part of the euro zone, the level of demand was very weak and therefore may not notice a fundamental recovery in the labor market conditions," said Uwe Duerkop, Economist at Landesbank Berlin. "There might be some stabilization in the labor market in the second half in which his estimate the unemployment rate will stop growing, but not at the moment." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 8, 2013 Author Report Share Posted January 8, 2013 News and Review of European Economic Zone (Italy) Berlusconi Entered Into An Alliance With The Northern League Tuesday, January 08, 2013 Former Prime Minister of Italy, Silvio Berlusconi, has entered into an alliance with the Northern League Party; so that it can form the power centre-left which can be one of the strengths of the upcoming February elections ahead. League previously reluctant alliances if Berlusconi stays forward as candidate for Prime Minister but Berlusconi suggested he would prefer a position as economy Minister Angelino Alfano, and ask the authorities of the Party People of Freedom (PDL), as a candidate for Prime Minister. The last survey showed the strength of the center-left, led by Pier Luigi Bersani, would get 38 percent of the votes. Berlusconi's Alliance would get 28 percent while the centrist Alliance, led by Mario Monti, will acquire 14%. Bersani and Monti predicted may form a coalition Government but the magnitude of the sound of the Alliance coalition Government means Berlusconi's Italy next may not be so stable. Meanwhile, the euro notes attenuation thin in the New York session. EUR/USD traded 1.3057 now, not so much from low level 1.3016 daily Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 9, 2013 Author Report Share Posted January 9, 2013 News and Review of European Economic Zone ECB Will Prune Interest Rate? Wednesday, January 09, 2013 Interest rate Committee meeting of the Board of the European Central Bank on Thursday that later can be one of the key moments in the development of the euro zone's debt crisis, with the number of economists who predict the ECB will again cut its interest rate. ECB President Mario Draghi did of the firmly first of the Office, the help promise for stricken debt bonds purchase via via Outright Monetary Transactions (OMT), maybe is trimming the. Trimming interest rates on savings interest rates will make the ECB is in level a, nol be mana will charge for the lay away money. While this means that the banks will put its money elsewhere, regular savings clients will be less that let their money idle in savings. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 9, 2013 Author Report Share Posted January 9, 2013 News and Review of European Economic Zone (Ireland) Bond Auctions Ireland Quite Successful Wednesday, January 09, 2013 Ireland managed to get funds € 2.5 billion when it sells bonds raised 5 years. This auction was quite successful if seen from the Government's target that only amounted to € 2 billion. This is an auction of Prime Ireland since those countries asking for a bailout from the European Union and is preparing to exit the bailout program. The amount obtained also was encouraging because it reaches 25% of the total bond issuance plan for 2013. "The demand is quite high from pension funds and hedge funds," said Owen Callan, a dealer at Danske Bank. "With the amount of 25% earned Ireland ' is certainly suggests investors are quite optimistic with economic recovery Ireland and satisfied with the reforms undertaken by the Government to fix the deficit." The magnitude of demand also managed to lower the cost of borrowing from 3.45% at the beginning of the session be 3,35%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 9, 2013 Author Report Share Posted January 9, 2013 News and Review of European Economic Zone (Cyprus) Bailout Cyprus Waiting For The Presidential Elections Wednesday, January 09, 2013 Cyprus will probably get bailout funds at the beginning of March, after the presidential election, according to the Handelsblatt daily reports. Cyprus will hold presidential elections on 17 and 24 February and the euro-zone finance ministers seem to want to do a deal on the bailout with the next President. Leadership of the Ministry of Finance of the euro-zone, Jean-Claude Juncker, has said it would discuss a bailout of Cyprus at the meeting of 21 January. However, the granting of a bailout for the Cyprus seems to be taking place. Officials of the opposition party SPD Germany says his party will not support the granting of aid to Cyprus. "I can't imagine the people of Germany would support the Cyprus banking rescue memfalitasi penghindaraan tax," said Sigmar Gabriel, head of the SPD to the daily Sueddeutsche Zeitung. The Chancellor of Germany, Angela Merkel, would need the support of the SPD for the sake of securing the support of Parliament to save Cyprus. Meanwhile, the euro weakened on the London session. EUR/USD is now traded away from the high level, 1.3058 daily 1.3096 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2013 Author Report Share Posted January 10, 2013 News and Review of European Economic Zone Pruning Withstand Probably The ECB Economic Can Thursday, January 10, 2013 The European Central Bank or the European Central Bank is expected to hold interest rates at low level of 0.75% this Thursday, refraining from trimming the European economy that shows signal stabilization and high inflation remains a prime target. 17 European countries still in recession, but recent data suggests the existence of economic stability, and the ECB Governor, Mario Draghi might positive signal shows more in a Conference that would decision the. "Great opportunity to interest rates unchanged. There are no extraordinary things for the latest data at this time to urge the ECB do ", an economist of the Deutsche Bank, Gilles Moec. "There's still a recession, but it still has yet to be continued. Lending levels are still weak, but does not continue to deteriorate as well, so that the ECB was not it do the ". Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2013 Author Report Share Posted January 10, 2013 News and Review of European Economic Zone (France) French Industrial Production Rises Thursday, January 10, 2013 Optimism demand at the end of the year seemed to successfully increase the activity of the industrial sector in France. This can be seen in industrial production rose 0.5% in November; better than the predictions of a rise of 0.2 percent and a prior publication down 0.6%. Improving industry conditions certainly can give economic hopes France can avoid a recession after GDP largest economy no. 2 in the euro-zone stagnating in some last quarter. Meanwhile, the euro looks to try reduce the attenuation in the London session. EUR/USD is traded now 1.3065, trying to steer clear of a low level 1.3038 daily Quote Link to comment Share on other sites More sharing options...
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