News and Reviews European Economic Zone

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News and Review of European Economic Zone (Greece)

 

Stournaras : Greece Will not Need Third Bailout

Tuesday, April 1, 2014

 

Greece , where the eurozone debt crisis eruption began more than four years ago , will not need a third international bailout if the economy continues to survive , according to Finance Minister Yannis Stournaras . With the euro zone finance ministers met in Athens today, Stournaras said economic progress is supposed to ease access to bond markets , with the first bond issuance is expected to occur in the first half of this year .

 

" Until now , we do not see the needs for a third bailout , " Stournaras said yesterday in an interview in Athens . "I think the funds from the previous aid , along with the improved performance on the fiscal side , enough to cover the shortfall until the next year , and under certain conditions it is possible to continue into 2016 . "

 

Greek Prime Minister Antonis Samaras has staked its credibility on bond markets expanded this year for the first time since the first Greek bailout in 2010 . If the European Union's statistics agency confirmed that the government creates a budget surplus before interest expense in 2013 , Greece will be free of debt , said Stournaras .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

In the UK House Prices Rise For The 15 Months

Wednesday, April 2, 2014

 

UK house prices rose for the 15th month in March as home prices in London rose more than two -fold rise compared to the national average , according to a report from the Nationwide Building Society .

 

Average house price increases of 0.4 % from the average price in February reached 180.264 pounds ( $ 300,000 ) , or about 3 % below the highs of 2007 , said lending institutions based in the UK in a report e-mail today . House prices in the capital at the end of the first quarter about 20 % higher than the previous record at the average price range of 362.699 pounds .

 

Property market revival triggered by strong economic growth , borrowing costs are at record lows and government incentive programs that support financial stability , but the government last month gave a warning that they are ready to take action if signs of overheating in the housing market . The increase in house prices in London are also driven by the rich foreigners who bought property as an asset to secure them .

 

" The difference between house prices in London and throughout the UK widened to a record , either in the form of cash price and in terms of percentage , " said Robert Gardner , chief economist at Nationwide in the report . " Interest rates are at a record low , the increasing amount of available credit and bright economic outlook , all have led to increased demand for housing . "

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News and Review of European Economic Zone (Spain)

 

Spanish Unemployment Claims Decline In March

Wednesday, April 2, 2014

 

The number of job seekers in Spain in March, down from February , this is another sign that the job market in the country with the fourth largest economy in the euro zone began to improve .

 

Spanish labor department on Wednesday said that the number of people filing for unemployment benefits fell by 16.620 from February to below 4.8 million . Over the past 12 months , the number has dropped as much as 239.377 .

 

The number of people registered as degan workers social security system , with a rough measure of the total number of employees , increased by 0.71 % to 16.3 million in March compared with the same month last year , the government said . The amount of government support and private sector projections that Spain might see growth in the number of work this year .

 

Department did not give an estimate for the unemployment rate in the country . In the fourth quarter , according to data released in January by the statistics bureau INE , Spanish unemployment rate reached 26 % of the total labor force .

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News and Review of European Economic Zone (UK)

 

Preserve the UK Construction Sector Growth Rate

Wednesday, April 2, 2014

 

Increased growth in the constructor housing sector help maintain the pace ekspaksi konstuksi England in March and optimism for the coming months at its highest level in more than 7 years , according to a survey Wednesday . Construction sector PMI from Markit / CIPS down form the 62.5 in March , was slightly below 62.6 in February , and is still well above the 50 level that separates contraction and growth . While economists expect a rise to 63.0 , the survey showed sentiment prop constructor in the UK last month , with optimism rose to its highest level since January 2007 and construction companies hire new employees degan fastest pace in four months .

 

UK construction sector , which covers about 7 % of the UK economy , gets a severe blow by the financial crisis of 2007-2009 . However, the sector began to recover from last year thanks to low interest rates , government programs to encourage people to buy new homes and falling unemployment rate . Last month the government announced it would extend the program until the end of the decade . The construction company estimates the fastest pace of expansion , recovering after bad weather in February that would encourage sectors of civil engineering for post-flood rebuilding .

 

" The increase in housing construction is one of the sharpest rate in 10 years , due to higher demand and development programs that support state funding , " said Tim Moore , senior economist at Markit . The rate of growth in the UK housing sector slowed for the third month in March , despite scoring the biggest annual increase in nearly four years , according to data from Nationwide on Wednesday . " However, the latest survey can not eliminate kecemasna that the capacity will exceed demand , " said Moore .

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News and Review of European Economic Zone

 

ECB's Constancio sees no risk of deflation

Wednesday, April 2, 2014

 

The euro zone may be spared from deflation as a slow economic recovery reduces the spare capacity in the economy , said European Central Bank Vice President Vitor Constancio . " The inflation outlook is a cause of anxiety , " said Constancio akonferensi pad press in Athens yesterday , two days after data showed euro zone inflation slowed in March to 0.5 % , its lowest level in more than 4 years . " If the recovery strengthens, it means the attenuation will be reduced , and it will help . "

 

The ECB will hold a policy meeting tomorrow to discuss the economic data improved with the increase in the price level is lagging . ECB President Mario Draghi predicted bahw apemuliahan will push inflation back towards the target of the ECB which is slightly below the level of 2 % .

 

" We expect low inflation data will be corrected in March rose in April , " Constancio said . " We do not see any prospect of deflation , that the current low level of inflation can trigger actual deflation . We do not expect it at all . " At the same time , Constancio said the recovery is still vulnerable to the negative impact from outside the euro zone and the euro zone could feel the slow rise in prices for a while.

 

" Recovery is running slow and there is a risk though pelemehan , not only because of possible shock from geopolitical risks , " he said . " Europe especially the euro zone may be stuck in a prolonged period of low inflation . "

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News and Review of European Economic Zone (UK)

 

UK Services Index fell to 9 Months

Thursday, April 3, 2014

 

UK service sector activity in March unexpectedly fell to the lowest level in nine months. Markit activity index data released PMI for the services sector fell from 57.6 the previous month at 58.2. While economists had previously forecast that activity remained at 58.2.

 

Thus the three PMI surveys, manufacturing-construction-services, showed a decline in March. Markit said that based on the report of the third industry, the UK economy is expected to grow at least 0.7% in the first quarter.

 

Markit also add a number of new businesses in the index for the service sector fell to 58.5 in March, from 59.2 in the previous month. Figures in March was the lowest since May. The addition of labor also slowed although the company continued to add workers.

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News and Review of European Economic Zone (Spain)

 

Spanish Bond Yields Uphill Ahead ECB Decision

Thursday, April 3, 2014

 

Spanish and Italian bond markets fell sharply , while yields rose ahead of ECB decision due to the signal from the ECB policy makers seem reluctant to lower interest rates into negative territory despite the deflationary pressures .

 

Spanish bond yields to 10 - year tenor rose to a 3:30 % while the yield on Italian 10 - year tenor rose to a level of 3:34 % . The Spanish bond auction results also show the high interest of investors seen from the results of the bond auction sold billion Euros 5:58 exceeded the maximum target of 5.5 billion euros in .

 

ECB President Mario Draghi is expected to remain maintained despite ECB IMF chief Christine Lagarde has warned that further monetary easing euro zone will be required .

 

This condition is likely to occur due to signs of economic recovery in Europe , so the ECB policy makers expect the continuity of growth despite no rains further stimulus .

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News and Review of European Economic Zone (UK)

 

BOE McCafferty : Increased Interest Rates Will Staged

Thursday, April 3, 2014

 

Bank of England MPC member , Ian MacCafferty , said he expects interest rates will remain at record low of 0.5 % in some future time , and an increase in interest rates in the future will happen gradually .

 

MacCafferty also predict interest rates will remain below the equilibrium level since before the crisis . London and the South East of England said as leader of the current economic recovery .

 

" City of London and the financial markets predict the first interest rate increase will occur in the spring of next year . We estimate interest rates rise gradually . If you look at the 20 years prior to the crisis , the average interest rate of 5 % is not much , but we thought it would be a lower equilibrium level " McCafferty said .

 

Previous Bank of England Governor , Mark Carney , said he did not rule out the possibility of a rate hike before the elections in the UK in 2015 , and the interest rate will go up if needed and gradually .

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News and Review of European Economic Zone (France)

 

France Endeavor Renegotiation Deficit Reduction Targets

Thursday, April 3, 2014

 

French Finance Minister, Michel Sapin seek to renegotiate the budget deficit reduction targets established EU.

 

3 percent deficit target promised to the French trading partner in Europe to be achieved in 2015 are still trying to retreat. The year before France also has missed its deficit target at 4.3% level.

 

However Sapin also stressed the importance of reaching deficit targets as the government's commitment to partner in Europe. But if the economic recovery is progressing slowly, then the target may still be difficult to achieve. After a stagnant throughout 2012, the French economy managed to grow just 0.3% last year.

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News and Review of European Economic Zone

 

Smaghi : ECB Actions Still ' Several Months ' Again

Friday, April 4, 2014

 

President of the European Central Bank ( ECB ) Mario Draghi is preparing the way for monetary easing , according to one former member of the board of the central bank on Friday , despite the anxiety after the ECB chose to hold back this weekend . ECB opted to keep interest rates at the level of 0:25 % on Thursday , and also maintain the level of deposits at the zero level sukubugna . This option is pursued despite the arrival of a proposal from Christine Lagarde , director of the International Monetary Fund , to combat disinflation measures , after euro zone inflation fell to a 52 -month low at 0.2 % in March .

 

Lorenzo Bini Smaghi , a former ECB executive board member , estimates that monetary easing will happen , and this delay is said Draghi effort to establish unanimity among the 24 members of its board . "I think he was waiting for the time that such an argument can be approved at the board , " Bini Smaghi said on Friday , from the Ambrosetti Forum in Italy . " The ECB is slightly different from the central bank ; ECB must reach an agreement , because the ECB steps to deal more trustworthy . Think he wants a more mature policy board's decision . "

 

Despite not taking any measures , Draghi at his press conference on Thursday stressed that the ECB can act quickly to carry the policy measures " unconventional " if needed . He also stressed that the second option is that quantitative easing and negative interest rates was discussed at a meeting this week . Bini Smaghi predicted it would happen within " a few months " . "I think he was getting ready for the markets to understand the steps to be taken , " said Bini Smaghi . "The inflation rate is low, the euro exchange rate is also high . Thus the action of the ECB will come in the near future ... especially for trimming debt , low inflation is very bad . "

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News and Review of European Economic Zone

 

Eurozone Allergy No Longer Apply Stimulus -American

Friday, April 4, 2014

 

Trend is still overshadowing the economic slowdown after the Euro zone debt crisis three years ago . The central bank has not successfully address these challenges despite monetary easing perform a variety of strategies .

 

For that reason , the European Central Bank ( ECB ) finally willing to adapt a longstanding policy in the United States . The combination of negative interest rates and the printing of new money into a last resort to boost inflation in countries using the single currency . Mario Draghi and colleagues did not seem longer allergic to mimic the strategy of the Federal Reserve Bank after they implement various programs failed to see the results . However, the new stimulus actually disbursed if the slowdown is still visible indication at next month's meeting of the central bank .

 

At the monthly meeting on Thursday ( 03 / 04 ) , the ECB 's policy board decided to hold interest rates at the level of 0:25 % . The central bank 's claims melevan step due to the decline in inflation in March is believed to be only temporary , before returning consumer prices rose again in April, thanks to growing demand in the service sector and tourism ahead of Easter . Even so , Draghi ensure that it will not hesitate to take on a new policy that is more supportive if the scenario nevertheless occur .

 

Council has been discussing the policy discourse imposition of negative interest on deposits to banks and opened the possibility of the release of the Federal Reserve's quantitative easing American style . " Members of the board agreed to use a more daring way to stem the long -term inflation risks , " Draghi said before the crew of the media after yesterday's session .

 

Pressure to launch an economic stimulus surfaced this week after euro zone inflation data fell to 0.5 % (March ) or the lowest level since November 2009 . Though the central bank to target inflation rate of 2% is ideal near to medium term . The slow process of rising prices severely hampered efforts to accelerate the economy in most countries .

 

On the other hand , the latest purchasing managers' survey showed that the trend of economic recovery continue and expand for nine consecutive months . But in order to continue to operate , companies and factories were forced menunrunkan sale price for consumers to buy products not yet fully recovered . The decline in spending power of European citizens in line with the euro zone high unemployment , which has reached a record high of 12 % .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German Factory Order Number Increases In February

Friday, April 4, 2014

 

The number of German factory orders rose in February , is increasingly adding to signs that growth in the country with the largest economy in Europe is increasing its speed.

 

The number of bookings , which is seasonally adjusted and inflation , rose by 0.6 % from the month of January, which is when it revised to be 0.1 % rise , according to the Federal Statistics Office in Wiesbaden today . Economists had predicted to rise by 0.2 % , according to the median estimate of 35 economists in a Bloomberg survey .

 

German growth may be strengthened " substantially " in the first quarter , according to the Bundesbank , in the middle of a recovery in the euro zone and the warm weather has increased the construction . However , a decrease in the level of business confidence and production index of manufacturing and services showed that the economy still faces obstacles including slowing growth in China and the rising tensions between the EU and Russia over the Crimea .

 

" The German economy is quite good since the beginning of this year is probably going to be better than the end of 2013 , " said Thilo Heidrich , an economist at Deutsche Postbank AG in Bonn , before the report was released today . " We saw good recovery cuku widely in the euro zone , especially from Germany , with a large export sector , which should get the benefit . "

 

The number of domestic bookings rose by 1.2 % in February from the previous month , while export orders rose by 0.2 % , on show in a report today . Total bookings for the Euro zone rose by 5.9 % , and from outside the euro zone rose by 3.1 % .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

In the UK House Prices Fall For First Time In March

Friday, April 4, 2014

 

UK house prices fell for the first time in the three-month period in March , according to a report from Halifax , who said that the overall trend in price increases is still possible to continue .

 

House prices fell by 1.1 % from February , when house prices rose by 2.5 % , said the unit of Lyods Banking Group Plc . in a statement in London today . They say that the change in the value of the monthly rate is volatile and house prices in the first quarter rose by 2.3 % from the final quarter of 2013.

 

At the moment the number of mortgage approvals in the UK fell in February after a large rainfall that has moved home buyers , but it does not change the view that the housing market is still going strong , with the number of approvals in January reached its highest level since November , 2007. Nationwide and Hometrack , both reported that the price of homes rose in March , while the Markit Economics said that the pace of housing construction increased .

 

" Demand for housing continues to be supported by the improving economic outlook , growth in the number of workers , increasing consumer confidence and low interest rates , " said Stephen Noakes , mortgage director at Halifax .

 

In the three months to March , house prices rose by 8.7 % from a year ago . The average home price in March was 178.249 pounds ( 295.600 USD ) , Halifax said .

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News and Review of European Economic Zone (Germany)

 

German Industrial Production Exceeds Estimates In February

Monday, April 7, 2014

 

German factory production rose for the fourth month in Febaruasi the signs that growth in the country with the largest economy in Europe continues to accelerate .

 

Total production , which are customized for seasonal changes , rose by 0.4 % in January daro , when production at the revision to rise 0.7 % , according to the Federal Statistics Office in Wiesbaden today . Economists had projected for growth of 0.3 % based on the value of the median of 34 economists in a Bloomberg survey . Total production rose by 4.8 % in February from a year earlier when adjusted for working days .

 

Germany's economy looks set to " sustainably strengthen " in the first quarter , the Bundesbank said last month , citing a recovery in the euro zone and the warm weather has increased the construction . Total factory orders expanded and unemployment declined in February , against a variety of risks such as slowing of the rising tensions with China and Russia .

 

" The German economy has been very strong in the first quarter , " said Christian Schulz , a senior economist at Berenberg Bank in London . " In weather helped by considerable support , plus the huge economic data that exceed estimates in the last several months . "

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News and Review of European Economic Zone

 

Nowotny : ECB not Need To Take Action In Time Near

Monday, April 7, 2014

 

The European Central Bank does not need to take a new step in the near future to address the inherent rate of inflation at a low level due to the strengthening of the European perkeonomian will reduce the danger of deflation , said one senior ECB Ewald Nowotny on Monday . He said that the ECB is watching developments carefully consider the following next steps including unconventional policy .

 

" That does not mean that such a step would be taken in the near future , but we are preparing for all possibilities , " he said . If the conventional wisdom is not needed , Nowotny said he would prefer to strengthen the securities market in Europe bebasis assets ( ABS ) . But he added that a number of policies still dikaju and no sequence of steps . The European Central Bank on Thursday opens opportunities for printing money to boost the euro zone economy and keep inflation from attaching at low levels .

 

" In my view I prefer a policy that is as close as possible to the market . That means I think the first policy should strengthen the ABS market in Europe , " he said , adding that this can directly drive the funding prospects for small and medium-sized enterprises while having a positive impact of monetary policy . " This does not diminish the chance of other policies , but personally I think will be in this area . " He said further interest rate cuts are still possible but questioned " whether the current interest rate cuts bernar really have an impact or other policies may be more effective " .

 

Nowotny warned that Europe's core inflation rate has been relatively stable despite consumer inflation rate in the euro zone recorded an increase of only 0.5 % , well below the ECB's target is a little under 2 % . " The level of low inflation largely driven by developments in energy prices , which the ECB has a very limited effect , " he said . " By kaerna it , I believe that in this situation the more important aspects of core inflation , " he said , reminding that high wage increases in sejumah major European countries such as Germany this year will help overcome low levels of inflation , particularly in the service sector .

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News and Review of European Economic Zone

 

Mercsh : Prepare ECB QE If Needed

Monday, April 7, 2014

 

European Central Bank is drawing plans to purchase a large -scale air assets if needed but there are still a number of ways that can be taken before that , said one senior European Central Bank on Monday . " The risk of inflation and deflation are roughly in the EMU area , which means we do not see any risk of deflation in the near future . However , we prepare ourselves for the situation , " said Yves Mersch , one of six members of the executive board of the ECB at the conference held by the Clearstream .

 

On Thursday last week , the ECB the opportunity to approach pecetakkan money to boost the euro zone economy and keep inflation from attaching at low levels for too long . ECB kept interest rates at 0:25 % , but ECB president Mario Draghi said the central bank has reached unanimity that asset purchases , known as quantitative easing , it may be necessary to cope with inflation if found still attached to the lower level .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Manufacturing Strengthen Sterling

Tuesday, April 8, 2014

 

Sterling rallied after UK manufacturing output rising to reiterate the continued momentum of the economic recovery in the world's largest 6 . Manufacturing output rose 1 % for the month of February ; better than expected 0.3 % and 0.3 % revision before publication . Industrial production data are released simultaneously also provide additional evidence will be tough UK economic performance . Industrial production rose 0.9 % in February; higher than the revised estimate of 0.3 % and previous publications stagnant in January. GBP / USD is now trading 1.6700 ; away from low -level daily 1.6605

 

With increasing evidence of improvement in the UK economy then this may increase expectations the BoE rate hike in the next year . BoE Governor , Mark Carney , has uttered a possible rate hike before the elections took place in 2015 England . Bank of England monetary policy meeting would be held on Thursday, April 10 next . The BoE is expected to keep interest rate policy in a low level of 0.5 % but investors want to see whether the BoE will remain hawkish statement as some of the previous meeting .

[mynameisandhy]

News and Review of European Economic Zone

 

Russia Warns Ukraine Over Military Action In Eastern Region

Tuesday, April 8, 2014

 

Ukraine asks Russia to halt all military preparations in the east with the " immediate " or be at risk of civil war in the United States has accused Russia of inciting to riot after the passage of the annexation of the Crimea .

 

Ukraine to send additional police forces to the eastern region of the country after the pro - Russian demonstrators occupied government buildings in Donetsk , Luhansk and Kharkiv this week . The U.S. said that they have evidence that the demonstrators may be paid by provocateurs .

 

Russia's foreign minister , strike back with words , saying that about 150 soldiers from the special U.S. private military companies and the members of the Greystone Praviy sector , which is a group accused of sympathizing with nationalism and neo - Nazis , in collaboration with Ukrainian army against the demonstrators in the eastern region . The mercenaries of U.S. special forces dressed like Sokol , Russia's foreign minister said in a statement .

 

" We were asked to stop immediately all military preparations , which can risk provoking civil war , " the Russian foreign minister said . Greystone does not respond quickly to the demand in the electronic mail after the end of working hours in the U.S. .

 

There is evidence to support the contention of the Ukrainian government that pro-Russian separatists occupied several government buildings in cities such as Luhansk and Donetsk have to come from outside , said the statement by White House press secretary , Jay Carney , yesterday in Washington .

 

" If Russia moves into the eastern regions of Ukraine , either openly or secretly , it would be a serious strain , " said Carney . There will be a " fee for further violations , " against the sovereignty of Ukraine , he said .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Industrial Output soared More than Estimated

Tuesday, April 8, 2014

 

The level of industrial production in the UK rose more than economists forecast in February bolstered by a sharp rise in factory output that refers to the continuation of the economic recovery . Production levels rose as much as 0.9 % from January , who was flat , according to the Office for National Statistics said today in London . Economists estimate for 0.3 % growth sebeasr . The pound rose touched a session high after the report was released .

 

These data strengthen the evidence that perkeonomian England continue to expand in the first quarter . British Chambers of Commerce said today that its index of manufacturing export sales and services increased in the first quarter , as well as the recruitment of labor .

 

" The sharp rise in overall production levels in February to make the industrial sector will contribute greatly to the growth rate of the first quarter , " said Samuel Tombs , economist at Capital Economics Ltd. . in London . " The data rate of the industrial production of the latest member of confidence that the economic recovery is still firm and even . "

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK trade deficit narrows in February

Wednesday, April 9, 2014

 

UK trade deficit narrowed in February helped by a decline in the level of imports , including aircraft and spare parts , according to government data on Wednesday . Office for National Statistics said the trade deficit narrowed to 9,094 billion pounds from 9,463 billion pounds in January . Economists forecast a deficit of 9.2 billion pounds .

 

Britain has been trying to encourage the export sector as a way to reduce its dependence on consumer spending which has been a major driver of strong recovery last year . UK trade performance volatile in recent months is due to the erratic prices of goods such as aircraft . In the three months to the end of February , the deficit narrowed British trade on about 3 billion pounds to 26 219 billion pounds . The level of exports of goods in February slowed to 23 547 billion pounds , the lowest level since November 2010 . The level of imports of goods also slowed to 32 641 billion pounds , the lowest monthly level since April 2011 . Monthly deficit data tends to be volatile , but within a period of three months to February , the level of exports fell as much as 0.1 % while import levels fell as much as 3.5 % .

 

The International Monetary Fund on Tuesday said the level of UK exports and business investment have been disappointing , although the IMF raised its forecast for UK growth . Including surplus on the UK services sector , the overall trade deficit narrowed slightly to 2.058 billion pounds . The trade deficit with non-EU countries narrowed sharply to 2,919 billion pounds in February from 3.910 billion pounds in January , compared with forecasts for a deficit of 3.4 billion pounds .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German Import levels Reaches Highest Level Since Reunification

Wednesday, April 9, 2014

 

German import levels rose to its highest level since reunification while the level of exports fell in February , signaling that the level of domestic demand in Europe's largest economy is getting higher . Data from the Federal Statistics Office showed the level of imports rose as much as 0.4 % to 77.6 billion euros , the highest level since data began to be collected after the reunification of Germany in January 1991 . The level of imports is expected to rise as much as 0.1 % . The level of exports fell much more than expected by 1.3 % , with economists blaming the mess on emerging markets and the crisis of Crimea . The level of exports is expected to fall by 0.5 %

 

" The rate of import growth due to increased consumption levels and companies invest more . Trend growth in imports faster than exports will continue, " said Christian Schulz , senior economist at Berenberg Bank . " It is a good signal for the level of domestic demand , and will assist countries in the euro zone crisis to be able to grow out of the crisis with exports . "

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greece Will Return Enter Bond Market On Thursday

Wednesday, April 9, 2014

 

Greece will soon put an end to exile during the 4 years of the bond market on Thursday by issuing five-year bonds , according to three sources on Wednesday . Greece , which has received two bailout by the European Union and the International Monetary Fund since 2010 , trying to raise up to 2.5 billion euros , predicted the existence of high interest from investors and is confident of success , according to one government source .

 

" We plan to raise up to 2.5 billion euros on Thursday , " said is government . " Great success if the coupon below 5.3 % , " tambahna . Issuance of these bonds is one important step for one of the most troubled countries in the Europe . Greece last issued bonds in March 2010. Greece has been able to survive thanks to around 220 billion euro bailout from the EU and IMF and 15 billion euros of bonds budget . Auction Thursday will lower average borrowing costs of Greece, said the official from the Ministry of Finance Greece .

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News and Review of European Economic Zone

 

European stocks verdant Coming Earnings Season

Wednesday, April 9, 2014

 

Most European stocks rebounded and continued trading higher on Wednesday , after being hit by a massive sell-off earlier this week . Nevertheless global investors still consider the macro-economic conditions before the start of the season 's first quarter earnings report . Expectations of lower earnings growth and the emergence of a few questions about valuations in the U.S. and Europe have hit momentum stocks on Monday .

 

Germany's DAX and CAC40 French perched in the green zone , with each collecting 0.25 % and 0.5 % . While the UK 's FTSE was able to move about 0.75 % higher .

 

However , market sentiment is still overshadowed by the Bank of Japan 's decision this week to refrain from more stimulus poured and re- outbreak of tensions on the border of Ukraine . The focus of market participants also began fixed on the minutes of the Federal Reserve's last policy meeting is scheduled for release at midnight . Minutes are expected to provide further signals about the timing of the first rate hike in the U.S. .

 

Regarding fundamentals , data released Wednesday showed Germany's trade activity weakening . German exports slumped 1.3 % reported in February from the previous month , a worse -than-expected decline of 0.5 % .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Export Value Drops In March

Thursday, April 10, 2014

 

The value of exports and imports of Chinese trade unexpectedly dropped in March, confirms to them amid the economic slowdown Premier Li Keqiang said that China will launch a range of policies to support growth.

 

The number of overseas delivery fell as much as 6.6% from a year ago, said by customs agencies in Beijing today, the decline was largely related to the distortion of the data is increased in the beginning of 2013. Meanwhile, imports fell by 11.3%, leaving a trade surplus of $ 7.71 billion.

 

Asian stocks and the Australian dollar reduces the gains after the report raised concerns that the expansion in the country with world's second largest economy will deteriorate further. The government has taken some steps, such as increasing the budget for the construction of railways and relieve taxes to support growth as the government seeks to avoid the monetary policy as trimming reserve funds to banks or increase the stimulus ever used in the fight against the financial crisis in 2008.

 

"The demand for global recovery is still warm, although the activity of the global recovery now under way," said Louis Kuijs, chief China economist at Royal Bank of Scotland Group Plc in Ho9n Kong in a note today.

 

Kuijs said that he would be careful in interpreting trade data shows growth as "sluggish movement slowly" because of the increase in exports in March 2013 increased by 11.8%, based on the report of an invoice in order to camouflage capital inflows. Customs Agency reported that in March 2013 exports grew by 10 percent.

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News and Review of European Economic Zone (Switzerland)

 

SNB Franc Seen Persisting With Restrictions In 2014

Friday, April 11, 2014

 

Swiss National Bank officials will maintain their limit on the franc for at least another year as they try to maintain the pressure of the potential policy easing in the euro zone against investor demand for safe-haven assets , economists said .

 

None of the respondents in the monthly Bloomberg survey who said that the SNB will permit limits at 1.20 per euro to fall in 2014. Poll of 21 economists said that eight respondents saw the SNB will do so in 2015, while six other woods say restrictions will expire in 2016 and the remainder in 2017.

 

The central bank based in Zurich has set a minimum exchange rate in the month of September 2011 to protect the Swiss economy from the risk of deflation and recession after the rise in the currency inflows that have pushed the safe have two currencies neared parity . SNB President Thomas Jordan last month reiterated that they will be an important limitation for use in the future , citing the slowdown in the growth of rising consumer prices .

 

" The fact is they cut inflation target once again , not only for this year but also in the year 2015 , it is clear signs that they do not feel the slightest urge to do anything to the restrictions as soon as possible , " said Martin Gueth , an economist at LBBW in Stutgart . " Considering they did not intervene to defend it to the end of these days , they are relatively comfortable with its current position . "

 

Last month , the SNB cut its inflation forecast and current mempredikis that consumer prices will stagnate this year , with inflation only about 0.4 % in 2015.