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

Friday, April 27, 2012

Euro-Zone Economic Confidence Drops

Euro-Zone Economic Confidence Drops
Wall Street Journal
By MATINA STEVIS And ILONA BILLINGTON BRUSSELS—Another vital sign for the euro-zoneeconomy took a sudden turn for the worse this month as an economic confidence indicator fell, raising the risk of a prolonged contraction even as government leaders ...

Euro zone woes keep banks wary after Q1 bounce
Santander profits drop after big Spain loan provision * Barclays, Deutsche Bank see investment banking rebound * Investment banking slows in April * Euro zone troubles, regulations create tough backdrop * Santander, Deutsche Bank shares down 4 pct, ...

ECB urges euro zone to share bank rescues
Draghi calls for pan euro zone bank rescue approach * Constancio says bailout fund only way to deal with big banks (Adds detail, background, quotes) By Marc Jones FRANKFURT, April 26 (Reuters) - The European Central Bank called on authorities to set up ...

Direct bank recapitalisation by euro zone funds unlikely-officials
No plans to allow ESM to directly recapitalise banks * ESM direct recapitalisation would entail bank management by ESM * Germany, the Netherlands, Finland opposed to such change By Jan Strupczewski BRUSSELS, April 26 (Reuters) - Euro zone countries are ...

Euro Zone's Path Is Unbending, for Now
Wall Street Journal
By STEPHEN FIDLER The political complexion of the euro zone is changing. Countries are peeling away from the German-led coalition promoting the austerity agenda that has so far dominated theeuro zone's approach to its debt crisis.

ECB urges euro zone to share bank rescue costs
By Marc Jones | FRANKFURT (Reuters) - The European Central Bank called on authorities to set up a body to manage bank rescues in the euro zone, marking the central bank's strongest intervention yet in the debate on whether the costs of bailing out ...

Crisis hurt euro zone financial integration in 2011-ECB
FRANKFURT, April 26 (Reuters) - Financial markets in the euro zone became more nationalistic last year as the sovereign debt crisis spread distrust among banks, the European Central Bank said on Thursday, but added this year has begun on a better ...

No respite seen for euro zone periphery woes: poll
By Andy Bruce | LONDON (Reuters) - Deeper recessions, spiralling unemployment and a failure to meet budget deficit targets will afflict the euro zone's most vulnerable economies floundering under austerity, a Reuters poll suggested on Thursday.

Euro Zone Woes Keep Banks Wary
Quarterly reports from some of Europe's top banks showed the scars of the euro zonecrisis on Thursday, with big losses on Spanish property, and fragile markets casting a shadow over the rest of the year despite an early investment banking rebound.


Euro-zone Officials Deny Plans For Banks To Access ESM
Wall Street Journal
The daily Sueddeutsche Zeitung reported Thursday that a high-ranking group of officials at the European Central Bank was working on a plan that would allow the European Stability Mechanism, the euro-zone's permanent bailout fund, to directly inject ...

Euro Zone Confidence Declines, Italian Auction Yields 1.77%
2:00 PM Frankfurt – The euro zone confidence index declined in March after additional weakness in the service sector. Italian treasury sold €8.5 billion of short term bonds that yielded 1.77%. Sentiments in Portugal and UK improved.

Eurozone crisis live: Dutch parliament to debate budget
The Guardian
Of interest today will also be the Italian 6 month T-Bill auction which should not pose too much of a problem and the eurozone consumer and company confidence figures with traders waiting to see if resurfacing worries about Spain and weaker stock ...

The Guardian

Eurozone woes dog banks
National Post
Although results from Barclays and Deutsche Bank showed investment banking income bounced back strongly after a torrid end to last year, the sickly eurozoneeconomy continues to dog the industry. LONDON/MADRID — Quarterly reports from some of Europe's ...

National Post

Eurozone Crisis Has Not Proved Contagious
Seeking Alpha
Reader "Bill" asks "Will we catch the Euro contagion?" The Eurozone economies now appear to be in a recession, and the UK economy is also. It seems valiant to assert that the US will avoid catching this double-dip Euro recession flu, but so far that is ...

Here's How Europe Turned Into a Train Wreck
With trouble across the Atlantic roiling American markets once again, this seems like a good time to take a look back at the mess that has become the eurozone. International banking collapses often lead to sovereign debt crises, and this time around ...

Decline In Eurozone Economic Sentiment Exceeds Forecast
RTT News
(RTTNews) - Eurozone economic confidence declined notably in April, wiping out the gains logged in the first quarter. The weakness in both economic and business sentiment hurt recovery hopes. Economic confidence fell more than expected to 92.8 from a ...

RTT News

Draghi: Case for cross-euro zone bank rescue clear
FRANKFURT, April 26 (Reuters) - ECB President Mario Draghi called on Thursday for authorities to look into creating a body which would manage bank rescues wherever they occur in the euro zone. "In particular in the euro area, the case for strengthening ...

Dow points lower on eurozone jitters, Exxon, UPS in focus
Proactive Investors USA & Canada
US equity markets looked set to open lower Thursday morning after a steeper-than-expected drop in a gauge of eurozone business confidence as investors prepare for another flood of corporate earnings. In pre-market trading, the Dow Jones Industrial ...

Proactive Investors USA & Canada

France holds key to keeping the eurozone together
The News Journal
With Socialist leader Francois Hollande likely to become the next president of France, Europe's hot populist anger is about to confront the cold austerity measures required by the eurozone, with a predictable result: a storm that rattles the ...

Euro Zone Crisis Hit Bank Profits
More scars from the euro zone crisis are revealed - this time in the quarterly results from some of the region's top banks. Germany's biggest bank missed market expectations for the first quarter after being hit by litigation charges and poor earnings.

Upbeat US housing figures shore up markets
The Associated Press
The US housing market has been in the doldrums for years and was largely responsible for thefinancial crisis that exploded in 2007. A recovery in the US housing market is thought to be central to the recovery in the US, which in turn will have a big ...

Smetters Says QE3 Not Likely Unless Euro Crisis Worsens
Washington Post
Apr. 25, 2012 - Kent Smetters, a professor at the University of Pennsylvania's Wharton School and a former Treasury Department economic policy official, talks about the US economy and Federal Reserve monetary policy. Fed Chairman Ben S. Bernanke said ...

Euro Zone Confidence Falls More Than Expected
By Marlene Y. Satter, AdvisorOne Confidence in the euro zone is falling along with the economic picture, and it's doing so faster than predicted. An index of executive and consumer sentiment has fallen more than economists' expectations as the ...

Consumer Participation in Social Issues Soars in Rapid Growth Economies ...
MarketWatch (press release)
NEW YORK, April 26, 2012 /PRNewswire via COMTEX/ -- The level of social purpose activity and the weight that consumers place on it have become more reflective of socioeconomic trends in regions around the globe, according to the 2012 Edelman ...

The Euro crisis threatens not only the common currency, but also the ...
By Blog Admin
The Eurozone has been in turmoil since the 2008 financial crisis. The overarching question is: Will the Euro survive? Currently, European political leaders are constantly made aware of the continent's economic woes and they continue to buy ...

NewsDaily: Euro zone woes keep banks wary after Q1 bounce
Quarterly reports from some of Europe's top banks showed the scars of the euro zone crisis on Thursday, with big losses on Spanish property, and fragile markets casting a shadow over the rest of the year despite an early investment banking ...
NewsDaily: Top Headlines

Euro zone economic sentiment falls to 92.8 in April | ForexLive
By Gerry Davies
Weaker than Reuter's median forecast of 94.2. Business climate -0.52, weaker than Reuter's median forecast of -0.30. EUR/USD sits at 1.3235, BIS having.

No Doubt Eurozone Meltdown Would Cause Severe Worldwide ...
By The Huffington Post News Editors
Most Americans paid no attention last weekend when the International Monetary Fund announced it was well on its way to roughly doubling the money that it can lend to troubled countries — what the organization calls a $430 billion increase ...
The Huffington Post | Full News Feed

XE.com - Direct bank recapitalisation by euro zone funds unlikely ...
Euro zone countries are unlikely to agree to change current rules to allow their temporary or permanent bailout funds to directly recapitalise banks without the intermediation of governments, euro zone officials said on Thursday.
XE Forex News

nucleus » Blog Archive » Calls for Eurozone 'growth compact ...
By nucleus
Yesterday, George Osborne blamed the 0.2% economic contraction on the Eurozone crisis. His senior aide issued this statement: “GDP is -0.2%, so 2 quarters of negative growth is technical recession. Clearly the UK faces a tough situation ...

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