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

Wednesday, April 18, 2012

Euro zone inflation shows no signs of easing

Euro zone inflation obstinately shows no signs of easing
Euro zone inflation at 2.7 percent in March * Energy prices drive up cost of living, rising 8.5 percent * ECB concerned about short-term inflation risks By Robin Emmott BRUSSELS, April 17 (Reuters) - The EU's statistics agency revised upwards its March ...

MONEY MARKETS-Spain seen curbing euro zone debt appetite
Money funds might look to pare euro zone exposure again * Data show funds cutting back on Germany, France-iMoneynet * Dollar Libor, Euribor unchanged on the day By Richard Leong NEW YORK, April 17 (Reuters) - US money market funds' appetite for euro ...

In Revolving Eurozone Crisis, All Eyes Are Now on Spain
Fox Business
“Spain is the single most important country in the Eurozone crisis. Indeed, it has always been,” Cam Harvey, a finance professor at Duke, wrote in an email. Otis Casey, director of credit research at Markit, echoed those concerns.

Eurozone March inflation revised up to 2.7 percent
The Seattle Times
Eurostat, the EU's statistics office, said eurozone consumer prices in the year to March rose by 2.7 percent, up from the initial prediction of 2.6 percent. March's rate was the same as the previous month's and indicates that price pressures remain ...

Brent slips to $118 on euro zone worries
Investors remained cautious as Spanish government bond yields broke through the 6 percent mark on Monday for the first time since December, stoking fears that the euro zone's fourth largest economy may need an international bailout.

For Banks, Euro Crisis Meant Less Trading Revenue In 1Q
Fox Business
NEW YORK – The impact of the euro crisis continued to hit banks' trading revenue in the first quarter as jittery investors pulled out of bond, currency and related markets. Goldman Sachs Group Inc. (GS) and State Street Corp.

At Goldman, Euro Crisis Leads 1Q Trading-Unit Revenues Down 20% From Last Year
Fox Business
The uncertainty surrounding the euro zone's fiscal troubles has kept trading clients away from the markets, Viniar said, calling the unit's performance this quarter "good but not great." "Our clients have been cautious on risk and remain cautious on ...

IMF Warns Against "Prolonged Period Of Deflation" In Euro Zone
Fox Business
LONDON – The euro zone is risking a "prolonged period of deflation" if it doesn't do more to address the vicious circles that its debt crisis is creating, the International Monetary Fund said Tuesday. In two special chapters in the new edition of its ...

Euro-Zone Inflation Bodes Badly For Recovery
That shows the cost of many items continue to rise steeply and means consumer spending in the single currency bloc will likely remain weak and weigh on the euro-zone's ability to rebound from the recession that is widely expected in the first quarter ...

Renewed euro zone worries prompt investor caution -BofA poll
By Richard Hubbard | LONDON, April 17 (Reuters) - Investors have turned away from riskier assets, favouring US stocks, as concerns about the euro zone debt crisis resurface and expectations for global growth are scaled back, a closely-watched fund ...

German Economic Expectations Rise Slightly
Wall Street Journal
"The sideways movement of the index April shows that economic optimism suffers from considerable risks such as the economic slowdown of main trading partners, the rise of prices for raw materials and the sovereign debt crisis in the euro zone," ZEW ...

HK Shares End Lower On Eurozone Debt Concerns
Wall Street Journal
Shares were weighed by the eurozone's debt concerns, as the yield on the 10-year Spanish government bond rose above 6.0% Monday, raising concerns about Spain's ability to finance its debt. Gold and copper stocks fell amid a murky global growth outlook.

IMF urges eurozone to bolster banks
Financial Times
By Claire Jones in Washington The International Monetary Fund has urged the eurozone to step up efforts to recapitalise its banks, using the bloc's rescue fund to ward off another financial crisis, writes Claire Jones in Washington.

IMF: Unrest, Eurozone Debt Crisis Threaten Growth in Middle East
(Source: Nehal El-Sherif dpa, Hamburg, Germany (MCT) — Political upheaval and the eurozonedebt crisis are undermining growth in the Middle East and North Africa, the International Monetary Fund (IMF) said on Tuesday. In its World Economic Outlook, ...

TSX Jumps As Euro Zone Worries Ease - Canadian Commentary
(RTTNews.com) - Canadian stocks were moving higher Tuesday morning amid firm energy prices and mixed cues from the euro zone. While a report revealed that economic sentiment in Germany improved for the fifth straight month, Spain raised debt above its ...

CREDIT MARKETS: Euro Zone Fears Spark Treasury Rally
Wall Street Journal
Equity investors cheered the better-than-expected March US retail sales results, but bond market participants seemed to worry more about the brewing debt crisis in the euro zone. "We got a little ahead of ourselves about Europe," said Paul Montaquila, ...

IMF Expects Eurozone Woes to Drag Down Ex-Soviet Economies in 2012
(Source: dpa, Hamburg, Germany (MCT) — Economic growth in the former-Soviet states is expected to slow in 2012, due in large part to weak eurozone demand, the International Monetary Fund (IMF) reported Tuesday. The IMF predicts 4.2 per cent growth for ...

Euro-zone Mar. annual inflation revised up to 2.7%
By William L. Watts FRANKFURT (MarketWatch) -- The annual rate of inflation in the euro-zonecame in at 2.7% in March, unchanged from the previous month but revised upward from a preliminary estimate of 2.6%, the European Union statistics agency ...

Eurozone recession 'to be milder than forecast'
BRUSSELS — Eurozone recession this year will be milder than forecast, the IMF said on Tuesday, raising its outlook for recovery next year but warning of new risks notably over Spain. The International Monetary Fund said that recession would slice 0.3 ...


Eurozone March Inflation Exceeds Flash Estimate
RTT News
(RTTNews) - Eurozone inflation overshot its flash estimate in March due to rising energy prices, final data from Eurostat showed Tuesday. Inflation for March was revised up to 2.7 percent from 2.6 percent. The inflation rate has been 2.7 percent since ...

JIM O'NEILL: Eurozone Needs More Say In The IMF
Business Insider
Thus, an IMF leadership devoted to the unity of the eurozone—potentially led by Germany, France, and Italy—is absolutely necessary to secure current and future support and aid for European bailout measures. O'Neill writes: The move would signal a ...

Business Insider

German Economic Expectations Up Slightly Versus Expected Fall
Wall Street Journal (blog)
By Margit Feher German economic expectations increased slightly in April, despite expectations for a minor fall, as the German economy is expected to improve in the next six months amid lurking risks such as higher oil prices and the euro-zone's ...

Eurozone inflation revised to 2.7 percent
BRUSSELS, April 17 (UPI) -- The 12-month consumer price index in the 17-member eurozonerose 2.7 percent in March, the European Union's data office estimated Tuesday. The report is 0.1 percentage points higher than the figure released a month earlier ...

MONEY MARKETS-Euro zone stress creeps into money markets
Its austerity drive risks pushing the euro zone's fourth largest economy deeper into recession - a plight that could be exacerbated if yields rise to prohibitive levels. Such concerns have started to seep through into money markets as the impact of one ...

China, euro zone keep pressure on market
By Jeanine Prezioso | NEW YORK (Reuters) - Major commodity markets closed lower on Monday hurt by renewed concerns of a euro zone debt crisis and sluggish Chinese growth, but losses were less than on Friday. The Thomson Reuters-Jefferies CRB index, ...

Eurozone crisis biggest risk for ex-USSR economies: IMF
Economic Times
MOSCOW: The states of the ex-USSR should achieve robust growth in 2012 but the biggest threat comes from any escalation of the eurozone crisis, the International Monetary Fund said on Tuesday. A spillover of an intensified crisis in the euro zone would ...

COMMODITIES-Reverse course on US stocks, euro zone optimism
... rises By Jeanine Prezioso NEW YORK, April 17 (Reuters) - Investor sentiment in commodity markets was buoyed on Tuesday by positive earnings reports from US companies and a seamless Spanish bond sale that curbed worries of euro zone debt problems.

Whitney Reverses Citigroup Call: Is Financial Crisis Over?
“The financial crisis is over,” said Rosecliff Capital's Michael Murphy in response to the Whitney call. “There is a lot of money to be made if you can take your emotions out of the equation and focus on company valuations. Big banks will continue to ...

DATA SNAP: Euro-Zone Final March CPI Revised Up To 2.7% On Year
That shows the increase in inflation was broad-based and means consumers in the single currency bloc continue to experience rising costs, which is likely to weigh on the euro zone'sability to rebound from the recession that's widely expected in the ...

Financial Crisis II - Reason Magazine
By Johan Norberg
The euro crisis has followed the pattern of the 2007–08 financial crisis almost perfectly: Both were the result of cheap money, dangerous homogeneity, and the promise of bailouts. When problems appeared, the rule of law and bureaucratic ...
Reason Magazine

Is The Eurozone on The Brink of The Abyss?
By Andrea Di Maio
In this blog I have covered the research that we have been doing on a possible euro crisis, including the development of alternative scenarios and comments about readiness of enterprises and widely different approaches to preparedness (or ...
Andrea DiMaio

The Eurozone's politics according to the Financial Times ...
By Julien Etienne
Arguments on the Eurozone's politics have been far less convincing, however. On that, FT readers have learnt a lot about growing popular opposition to the Euro and the rise of eurosceptic populist parties in the Eurozone. The FT has keenly ...

The eurozone needs a seat at the IMF table | The A-List | Must-read ...
By Jim O'Neill
The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators.
The A-List

As the Eurozone Crisis Heats Up, What's Next?
By Barbara Zigah
(eToro Blog) It's clear that the European debt crisis is heating up and as proof of that Spain's bond yields continue to rise, edging closer and closer to.
eToro Blog

Analysis: Eurozone March Inflation Revised Up To +2.7% Y/Y ...
By Market News International
March: +1.3% m/m, +2.7% y/y (revised from +2.6% y/y) February: +0.5% m/m, +2.7% y/y January: -0.8% m/m, +2.7% y/y December: +0.3% m/m, +2.7%

Euro Crisis: “Germany is not pursuing these manoeuvres out of ...
By Mick Fealty
As Pete noted yesterday, things are never quite as they seem with the Eurozone. Paul Krugman writing in today's New York Times bemoans the shortsightedness of Europe's politician, but in it he makes an important category error when he ...
Slugger O'Toole

Gold moves higher on falling dollar, euro zone By Forexpros
By Forexpros
Gold moves higher on falling dollar, euro zone. ... Although gold's appeal as a safe haven is boosted during times of economic uncertainty, the euro zone's debt crisis has done little to lift appetite for the yellowish metal recently. Elsewhere on ...
Forex Pros RSS News Feed | Forex News

USAGOLD News and Views » Blog Archive » IMF urges eurozone to ...
By News
17-Apr (Financial Times) — The International Monetary Fund has urged the eurozone to step up efforts to recapitalise its banks, using the bloc's rescue fund to ward off another financial crisis. The fund said the eurozone needed to do more to ...
USAGOLD News and Views

The eurozone: beginning of the end game | Public Finance Opinion
By John Chown
The previously unthinkable idea that the euro zone might not last is now becoming a commonplace in political and economic discussions. But before asking whether, when and how all this will happen, we first need to see how we got here.
Public Finance Opinion

George Soros: Eurozone crisis could tear EU apart | Investing ...
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.
FP Top Stories List

Crude Oil Jumps Euro Zone Optimism (USO, UNG, FSLR, CIE, NFX ...
By Gaining Green Staff
Crude Oil Jumps Euro Zone Optimism (USO, UNG, FSLR, CIE, NFX, OAS, PAA, SEMG, APA). Crude oil jumped over 1% on Tuesday supported by an impressive Spanish bond sale and better than estimated investor confidence data from ...
Gaining Green

By Cullen Roche
EXPECT MORE BAILOUTS & SELF IMPOSED DEPRESSION AS THE EURO CRISIS CONTINUES… 17 April 2012 by Cullen Roche 0 Comments. You've probably seen the math by now….There is just no way Italy is going to grow their way ...

Analysis: Too slowly, euro zone laggards start to shape up - Yahoo ...
From Yahoo! News: LONDON (Reuters) - It may be cold comfort for countries on the euro zone'ssouthern periphery mired in recession, but they are making ...

Euro Contagion on Currency Markets - CNBC
Axel Merk, Merk Investment president & CIO, discusses whether Europe will see more easing ...

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