"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Tuesday, January 10, 2012

Oil dips on euro zone concerns, choppy eyeing Iran

Oil dips on euro zone concerns, choppy eyeing Iran
Reuters
By Robert Gibbons | NEW YORK (Reuters) - Oil prices edged lower in choppy trade on Monday as concerns about the euro zone's economy countered fears about Iran's threats to shut the key Strait of Hormuz oil-shipping route and Tehran's ongoing dispute ... 

Merkel hails new eurozone treaty progress
Financial Times
By Quentin Peel in Berlin Negotiations on a new European treaty to reinforce budget discipline in theeurozone are making rapid progress and there is “a good chance” of reaching agreement by the end of January, according to Angela Merkel, ...

Eurozone crisis: Live blog
Financial Times (blog)
Welcome to our first eurozone live blog of 2012. By John Aglionby, Tom Burgis and Esther Bintliff on the news desk in London with contributions from correspondents around the world. All times are GMT. Separately, the chair of the Swiss National Bank,...

Financial Times (blog)

Treasury Rally On Euro Zone Fizzles As Supply Looms
Wall Street Journal
Worries about the euro zone's unresolved sovereign debt crisis sparked an earlier rally, but bond dealers pushed down prices in late-afternoon session, a typical way to cheapen the market to make room for new supply. Moderate strength in US stocks also ...

Cameron warns eurozone leaders to 'take decisive steps' as Merkel and Sarkozy ...
Daily Mail
By Charles Walford David Cameron has told eurozone leaders they must stop 'short-term sticking plaster' measures and take some 'pretty decisive steps' if they are to save the single currency. The Prime Minister expressed his belief that the euro ...

Daily Mail

Euro Zone Must 'Stick Together': Analyst
CNBC.com
There is a 'low probability' that the euro zone will break up because the costs to debtors and creditors are just too large, Philip Poole, Global Head of Macro and Investment Strategy at HSBC Global Asset Management told CNBC Monday. ...

CNBC.com

Eurozone talks fail to boost shares
The Press Association
World markets have struggled to make progress after another meeting on the eurozone debt crisis failed to ease traders' nerves. French President Nicolas Sarkozy and German Chancellor Angela Merkel pledged their commitment to keeping all 17 countries ...

Eurozone Doubts for Banks
Council on Foreign Relations
Following a brief holiday respite from the ongoing sovereign debt crisis in part due to an infusion of capital into the financial sector by the European Central Bank, the eurozone is once again facing rising borrowing costs, a fragile financial sector, ...

FTSE slips as euro zone worries dog investors
Reuters
The euro zone debt crisis is firmly on the agenda on Monday when German Chancellor Angela Merkel and French President Nicolas Sarkozy meet in Berlin, although market observers expected little of significance to emerge. "We've seen so many meetings ...

Exchanges in fear of eurozone transaction tax
Financial Times
On Monday, Angela Merkel, German chancellor, threw her weight behind a push by French president Nicolas Sarkozy for a tax in the eurozone. That would be a fast-track alternative to a proposal by the European Commission in September for an EU-wide tax, ...

Traders cautious after eurozone debt sale
Financial Times
Fresh evidence of continued strain in eurozone financial markets in the shape of negative yields on German short-term debt lasten long enough to limit gains on Wall Street on Monday. In a sign that traders remain keen to seek safety for their capital, ...

German exports rise in November, clawing back ground lost the previous month
Washington Post
Germany's economic fortunes, as well as of those of the 17-nation eurozone, remain hugely dependent on both, so economists will be closely monitoring a raft of indicators over the coming weeks to see if it is heading toward a recession. ...

Pope: Financial crisis having "profound impact"
CBS Moneywatch
(Pool,AP Photo/Pier Paolo Cito) VATICAN CITY - Pope Benedict XVI said Monday that solutions to the global financial crisis must allow all to lead dignified lives. The pontiff noted that the crisis has spread from the developed world, where it started, ...

Asia stocks drop on eurozone worries
Boston.com
German Chancellor Angela Merkel and French President Nicolas Sarkozy are to meet later Monday in Berlin to discuss the eurozone debt crisis. But markets no longer react to such powwows, having witnessed Europe pledge time and again to stem the crisis ...

Euro crisis more serious than 2008: Soros
Deccan Herald
The Euro zone debt crisis is much graver than the financial crisis in 2008, said billionaire investor and philanthropist George Soros. Soros pointed out that when the markets had crashed in 2008, owing to the bankruptcy of Lehman Brothers, ...

Deccan Herald

Can the Eurozone survive this crisis intact?
Washington Times
Photo: AP LOS ANGELES, January 9, 2012 – Many people still believe that theEurozone will survive this crisis intact because none of the seventeen member states dare leave it. These “breakup skeptics” tell us that if a country, especially a weak ...

Washington Times

BREAKINGVIEWS - Euro crisis could make IMF bigger and softer
Reuters India
With a kitty approaching $1 trillion, the fund will need to get even heftier in 2012 if the euro zonecrisis takes a turn for the worse. And the long-inflexible "conditionality" attached to its loans may have to soften if big countries like Italy or ...

As euro crisis drags on, Bank to rely on QE - or prayer
Reuters UK
The Bank will undoubtedly need luck on its side this year as it tries to ride out the euro zone debt crisis by continuing its 'quantitative easing' policy of buying billions of pounds worth of government bonds with newly created money. ...

Reuters UK

Cameron risks ire over extra IMF cash
Financial Times
By George Parker in London and Alan Beattie in Washington David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund – and indirectly to ailing members of the eurozone – in a move likely...

Financial Times

Could the US Follow in the Eurozone's Footsteps?
PBS NewsHour
The two leaders discussed the ongoing Eurozone debt crisis. Photo by Sean Gallup/Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news here on his Making Sen$e page. ...

PBS NewsHour

Merkel, Lagarde to meet on eurozone debt crisis
Xinhua
9 (Xinhua) -- German Chancellor Angela Merkel will meet with International Monetary Fund (IMF) chief Christine Lagarde here Tuesday on the unfolding eurozone sovereign debt crisis, Merkel's spokesman said Monday. Spokesman Steffen Seibert said the ...

PRECIOUS-Gold eases on firm dollar, euro zone fear
Reuters
The euro zone will kick off a busy week with a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy on measures to boost jobs in debt-laden states. Market participants will also closely watch debt auctions this week by ...

TSX Little Changed Amid Euro Zone Anxiety - Canadian Commentary
RTT News
(RTTNews) - Toronto stocks were little changed Monday morning as commodities were mixed amid anxiety over the euro zone debt situation as Germany and France today insisted Greece that it should reach an early deal with creditor banks on a bond swap to ...

Asia stocks slump as euro zone worries linger; Nikkei closed
Moneycontrol.com
Forexpros - Asian stock markets were broadly lower on Monday, as concerns the financial crisis in the euro zone is worsening overshadowed indications that the US economic recovery was gaining momentum. During late Asian trade, Hong Kong's Hang Seng ...

Copper futures fall on worries about eurozone health
The Australian
COPPER futures slipped this morning as cautious investors moved to the sidelines ahead of a week expected to bring little in the way of good news from the eurozone. The most actively traded copper contract, for March delivery, fell 1.90 cent, ...

Hungarian financial crisis would hit Austria hardest
Monsters and Critics.com
By Irmgard Rieger Jan 9, 2012, 17:09 GMT Vienna - A financial crisis of the sort threatening Hungary could turn out to be neighbouring Austria's worst nightmare - the Alpine republic has more exposure to Hungary's banks than any other country. ...

Crude Edges Down On Continued Eurozone Concerns
NASDAQ
(RTTNews.com) - US crude oil futures closed lower for a third straight session on Monday amid continued concerns about the eurozone debt crisis. In Europe, a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel in Berlin ...

Eurozone crisis: Live blog | The World | International affairs blog ...
By John Aglionby
Welcome to our first eurozone live blog of 2012. By John Aglionby, Tom Burgis and Esther Bintliff on the news desk in London with contributions from correspondents around the world. All times are GMT. It may be a new year but it's the same ...
The World

Merkel, Sarkozy vow to solve eurozone crisis - The Local
The leaders of Germany and France put aside their differences on a controversial tax of financial market transactions and promised to speed up various measures to ease the eurozone crisis, as the euro flirted with new market lows Monday.
The Local - Germany's news in English

Fuel Fix » Eurozone crisis: live blog
By FT.com - Energy
Eurozone crisis: live blog.
Fuel Fix

Prison Planet.com » For Euro Zone, the Heat Is on Again
By admin
The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance. The coming months will be decisive in determining whether European leaders can hold their ...
Prison Planet.com

Today on the Eurozone Crisis, Arnold Kling | EconLog | Library of ...
By Arnold Kling
close. ARNOLD KLING. January 9, 2012. Today on the Eurozone Crisis. January 8, 2012. An Answer to Truman's Prayer? January 8, 2012. Devaluation and the Real Exchange Rate. January 8, 2012. Mark's Monetary Matters. January 7, 2012 ...
EconLog: Library of Economics...

The European Council on Foreign Relations | The eurozone will pay ...
At each stage of the euro crisis during the past two years, Chancellor Angela Merkel has seemed to do the absolute minimum needed to keep the single currency together – but no more. This minimalist approach to the euro crisis may have ...
The European Council on Foreign...

Eurozone Leaders: Growth Priority in Debt Crisis - Finance - CBN ...
German Chancellor Angela Merkel and French President Nicolas Sarkozy are meeting in Berlin Monday to address the growing debt crisis in the eurozone.
CBN.com - CBN News

Copper futures slide as euro zone debt concerns weigh By Forexpros
By Forexpros
Copper futures slide as euro zone debt concerns weigh.
Forex Pros RSS News Feed | Forex News

NewsDaily: Analysis: For euro zone, the heat is on again
By Noah Barkin
The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.
NewsDaily: Top Headlines

Defence and Freedom: The "Euro" crisis and defence
By S O
Many European agreed on a common currency and had high hopes for it. Many people hoped for idealistic progress (a sentiment of being Europeans), others hoped that national problems would e solved and others simply expected further ...
Defence and Freedom

Merkel, Sarkozy kick off year of eurozone wrangling | Brèves | LEAP ...
By Deutsche Welle
Angela Merkel and Nicolas Sarkozy meet in Berlin on Monday to hash out ways to stabilize theeurozone debt crisis. Also on the agenda will be controversial plans to introduce an EU-wide financia...
LEAP 2020

Syria Comment » Archives » “When is the Financial Crisis Coming ...
By Joshua
The Syrian economy will soon suffer from what I will call a “financial crisis”. This will occur as credit write offs mount. The banking system will soon be hit with a wave of defaults at both the corporate and retail levels. The former will come about ...
Syria Comment

Eurozone unemployment hits new record | Business | guardian.co.uk
Public spending cuts and collapsing business confidence have sent unemployment in the eurozoneto a record 16 million people.
www.guardian.co.uk/.../eurozone-unemployment-hits-new-rec...

Eurozone As Hogwarts: Where Are Albus Mario Dumbledore And ...
If there was one analogy for the failing artificial Eurozone system we had not heard so far, was one comparing it to Hogwarts (thank you Harry Potter). Now ...
www.zerohedge.com/.../eurozone-hogwarts-where-are-albus-...

German data helps lift euro zone sentiment - Yahoo! Finance
From Yahoo! Finance: Signs of improvement in the German and U.S. economies helped offset concerns over the prospects for euro zone debt auctions later this ...
finance.yahoo.com/.../german-data-helps-lift-euro-084131630...

Euro crisis: Merkel meets Sarkozy - Digg
Germany's Chancellor Merkel and France's President Sarkozy hold their first eurozone crisis talks of 2012 as the outlook remains bleak.
digg.com/news/story/euro_crisis_merkel_meets_sarkozy

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