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

Friday, March 23, 2012

Eurozone Business Activity Shrinks

Euro-Zone Business Activity Shrinks
Wall Street Journal
By ALEX BRITTAIN LONDON—Euro-zone business activity shrank further in March, suffering its biggest contraction in three months and cementing fears the region is officially in recession. Markit Economics said Thursday that its composite purchasing ...

Ireland slumps back into recession - Telegraph: "Irish gross domestic product (GDP) shrank 0.2pc in the fourth quarter after a contraction of 1.1pc in the third quarter, the Central Statistics Office (CSO) said in a statement, placing Ireland back into a technical recession. News that the Irish economy has contracted, a general strike in Portugal and weak manufacturing data from Europe and China unsettled global stock markets."

Contagion Risk in Europe Is Back and Spain Is Top Worry
CNBC.com
Contagion risk in Europe is back on the agenda, not even a month after a debt swap that saw Greece sheltered from a messy default after a second liquidity-boosting operation from the European Central Bank. Among the euro zoneperiphery countries, ...

CNBC.com

China factories falter, euro zone business wilts
Reuters
By Andy Bruce and Nick Edwards | LONDON/BEIJING (Reuters) - Chinese manufacturing activity shrank for a fifth straight month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening ...

Oil falls on weak Chinese, euro zone data
Reuters
The euro zone economy took an unexpected turn for the worse in March, hit by a sharp fall in French and German factory activity that even the most pessimistic economists failed to predict, business surveys showed. "There's a bit of a China backlash at ...

GLOBAL ECONOMY-China factories falter, euro zone business wilts
Reuters
China manufacturing slumps for fifth month in a row * Euro zone PMIs suggest worsening economy * German, French factory PMIs worse than all forecasts * Investors take fright at data By Andy Bruce and Nick Edwards LONDON/BEIJING, March 22 (Reuters) ...

WSJ: European Stocks Slide On Weak Manufacturing Data In China, Euro Zone
Wall Street Journal
By Michele Maatouk and Sara Sjolin European stocks dropped for a fourth straight session Thursday, led by banks and resource companies, as weak manufacturing data in the euro zoneand China added to concerns about global economic growth.

Weak PMIs underline euro-zone recession fears
MarketWatch
By William L. Watts, MarketWatch FRANKFURT (MarketWatch)—Weaker-than-expected purchasing managers' index readings from France and Germany on Thursday pointed to an accelerated contraction in private-sector activity across the euro zone, ...

US Stocks Drop On China, Euro-Zone Growth Concerns
Wall Street Journal
European markets were in broad decline, with the Stoxx Europe 600 down 1.1%, on signs of further contraction in the euro zone and Chinese economies. The preliminary composite purchasing managers' index for the euro-zone region fell to a three-month low ...

US STOCKS-Wall St opens lower on China, euro zone data
Reuters
China, euro zone manufacturing data softens * FedEx falls after results, outlook * Initial jobless claims show labor market improvement * Indexes off: Dow 0.4 pct, S&P 0.6 pct, Nasdaq 0.5 pct By Chuck Mikolajczak NEW YORK, March 22 (Reuters) - US ...

US STOCKS- Futures fall after weak China, euro zone data
Reuters
China, euro zone manufacturing data softens * FedEx flat after results * Initial claims, leading indicators on tap in US * Futures off: Dow 71 pts, S&P 8.5 pts, Nasdaq 14.25 pts By Chuck Mikolajczak NEW YORK, March 22 (Reuters) - US stock index futures ...

GLOBAL MARKETS-China, euro zone data dent stocks, euro
Reuters
By Carolyn Cohn LONDON, March 22 (Reuters) - World stocks hit their lowest in over a week on Thursday and Wall Street was set open in the red as manufacturing slumps in China and theeuro zone fuelled global growth concerns. The downbeat data triggered ...

GLOBAL MARKETS: European Stocks Drop On Grim Euro-Zone PMIs
Wall Street Journal
By Ishaq Siddiqi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European stocks and the euro dropped Thursday, after the euro zone joined China in printing a grim reading on business activity, prompting fears of a sharpening global economic slowdown.

US STOCKS- Futures lower after weak China, euro zone data
Reuters
China, euro zone manufacturing data softens * Initial claims, leading indicators on tap in US * Futures off: Dow 71 pts, S&P 7.8 pts, Nasdaq 16 pts By Chuck Mikolajczak NEW YORK, March 22 (Reuters) - US stock index futures fell on Thursday after ...

EURO GOVT-Weak euro zone economic prospects push Bunds higher
Reuters
Some analysts said that was likely to be broken as they expected upcoming euro zone data to remain weak. Business surveys showed the region's economy contracted more than expected in March, hit by a sharp fall in French and German factory activity, ...

Euro Crisis and International Business Strategies Making FX A Strong Priority ...
MarketWatch (press release)
Beyond preparing for contingency events in the Eurozone, 46% of survey respondents are focused on expanding the scope of their overall currency risk management efforts over the next 12 to 18 months. In addition, over the next 12 to 18 months nearly 60% ...

US Stocks Decline On China, Euro-Zone Worries
NASDAQ
By Matt Jarzemsky NEW YORK -(Dow Jones)- Stocks traded lower following weak economic signals from the euro zone and fresh concerns from China about slowing global growth. After rising to multiyear highs in recent days, major benchmarks extended their ...

Euro contagion redux as yield spreads widen
MarketWatch (blog)
Italian and Spanish government bond prices were both under pressure again Thursday, sending yields higher after the latest round of euro-zone purchasing managers index readings showed a contraction in euro-zone business activity deepened in March.

Cheap ECB loans ease stress on eurozone _ for now
NECN
DUBLIN (AP) — The European Central Bank is hoping that a trillion euros in cheap loans will buy the eurozone enough time to make a future round of bailouts unnecessary. The Frankfurt-based bank's surprisingly large salvos of discount cash in December ...

Eurozone Private Sector Contraction Worsens, Strengthens Recession Fears
NASDAQ
(RTTNews.com) - Eurozone private sector contraction unexpectedly deepened in March as activity in both manufacturing and service sectors deteriorated further adding to concerns that the economy may have slid back into recession.

TSX Dips On China, Eurozone Worries - Canadian Commentary
NASDAQ
(RTTNews.com) - Toronto stocks were lingering deep in the red Thursday morning as commodities moved lower amid concerns over global economic growth following disappointing manufacturing data from China and euro zone. China's manufacturing sector ...

Euro zone January orders fall as factories struggle
Reuters
BRUSSELS (Reuters) - New orders for the euro zone's factory goods fell in January as businesses struggled to put the worst of the debt crisis behind them and the cooling Chinese economy underscored the fragility of the bloc's recovery.

Euro-zone PMI shows faster contraction in March
MarketWatch
By William L. Watts FRANKFURT (MarketWatch) -- A contraction in private-sector activity across the 17-nation euro zone accelerated in March, underlining fears the region has fallen back into recession, according to a preliminary composite purchasing ...

Madrid's Poor Market Report Card
Wall Street Journal (blog)
By RICHARD BARLEY Spain has now fully taken Italy's place at the back of the euro-zone class. Ten-year Spanish bond yields have shot up 0.85 percentage point from their lows this year to 5.50%, a far worse showing than Italian yields, which are 0.29 ...

Euro-Zone Banks Get Show of Faith
Wall Street Journal
By ANUSHA SHRIVASTAVA NEW YORK—US money-market funds sharply increased the amount of euro-zone bank debt they held last month, according to Fitch Ratings, a sign they believe the worst of the region's debt troubles are over. These funds owned 21% more ...

EURO GOVT-Bunds rally as euro zone growth worries mount
Reuters
Bunds rally as euro zone growth slows * 10-year German yields extend falls below 2 percent * Spanish bond yields rise, more seen; Netherlands on radar By Kirsten Donovan LONDON, March 22 (Reuters) - German government bonds rallied on Thursday on ...

Spanish Bond Yields March Higher On Fiscal Worries
Wall Street Journal
With concerns over Greece abating after a crucial debt exchange went through, Spain is increasingly being seen as the next flashpoint in the euro zone after the country said it will not be able to meet its deficit targets this year.

Spanish, Italian Borrowing Costs Rise
Wall Street Journal
By NEELABH CHATURVEDI LONDON—Spanish and Italian bond yields continued to march higher Thursday as growing concerns over fiscal slippage in Spain and weak economic readings from Asia and Europe hit demand for lower-rated euro-zone government bonds.

Copper falls as China factory data, euro zone PMI weigh
Reuters
By Harpreet Bhal | LONDON (Reuters) - Copper prices fell to a two-week low on Thursday after shrinking factory activity in top consumer China and worsening euro zone purchasing managers indexes (PMIs) raised concerns about the outlook for demand, ...

The euro zone today – strikes, reform and recession
Reuters Blogs (blog)
By Mike Peacock The euro zone economy looks to have contracted at a faster pace in March, according to the latest purchasing managers' data, hours after ECB President Mario Draghi declared the worst of the debt crisis to be over.

'Worst is over' in eurozone debt crisis says ECB chief | The Raw Story
By Agence France-Presse
The worst is over in the eurozone debt crisis, but risks remain and it is up to governments to resolve them, European Central Bank chief Mario Draghi said in a newspaper interview Thursday. “The worst is over, but risks remain,” Draghi told the ...
The Raw Story

Strategic Briefing | 3.22.12 | Is The Euro Crisis Over?
By jp
The important indicators for the euro zone, like inflation, current account and above all the budget deficits, are better than, for example, in the United States.” Investor confidence has returned and “the ball is now with governments,” Draghi said, ...
The Capital Spectator

EUROZONE UNRAVELLING: Blue Skies in the media, rain heading ...
By John Ward
'U.S. money-market funds sharply increased the amount of euro-zone bank debt they held last month, according to Fitch Ratings, a sign they believe the worst of the debt troubles are over.' (WSJ). 'The European Central Bank is falling behind ...
The Slog

U.S. Might Survive the Eurozone Crisis | TopNews New Zealand
By Avinash Tripathi
It has been recently revealed in a report that the Federal Reserve Chairman Ben Bernanke is of the view that there might still be hope for the Eurozone. This has been revealed after the recent deepening in the debt crisis in the Eurozone.
TopNews New Zealand

Goldman's Reputation Falls To Financial Crisis Levels In Wake Of ...
By The Huffington Post News Editors
Goldman Sachs is looking even worse than it did during the financial crisis.
The Huffington Post | Full News Feed

Disappointing Eurozone PMI Data Lifts Euro Bears
By Barbara Zigah
(eToro Blog) Following the disappointing trend established earlier today by Chinese data, March's PMI data for the Eurozone came out as a bust. Markit.
eToro Blog

XE.com - GLOBAL ECONOMY-Chinese factories slump, euro zone ...
Chinese manufacturing slumped for a fifth month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening global demand.
XE Forex News

Mish's Global Economic Trend Analysis: "Eurozone Slides Back Into ...
By noreply@blogger.com (Mike Mish Shedlock)
Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious ...
Mish's Global Economic Trend Analysis

Euro mixed after weak euro zone PMI data By Forexpros
By Forexpros
Forexpros - The euro was mixed against its major counterparts on Thursday, falling against the U.S. dollar and the yen after weak euro zone data, but the single currency remained higher against the commodity linked currencies amid concerns ...
Forex Pros RSS News Feed | Forex News

USAGOLD News and Views » Blog Archive » Weak eurozone data ...
By News
22-Mar (Financial Times) — Weak economic activity this month across the eurozone has almost certainly pushed the 17-country bloc into a recession, according to a closely watched survey.Eurozone purchasing managers' indices showed ...
USAGOLD News and Views

Merkel: Eurozone crisis not over yet | The Baltics Today
By The Baltic Course | Baltic States news & analytics
German Chancellor Angela Merkel on Wednesday (March 21) said the eurozone crisis is not over yet, but merely in one of its various phases, even as investor confidence seems to be returning to troubled euro-countries, EU Observer reports.
The Baltics Today

Weak eurozone data point to recession – Financial Times
By us economy - Google News
Globe and MailWeak eurozone data point to recessionFinancial TimesBy Ralph Atkins in Frankfurt Unexpectedly-weak economic activity this month across the eurozone has almost certainly pushed the 17-country region into a recession, ...
Daily Financial News

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