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

Wednesday, April 11, 2012

Eurozone crisis continues: Spain's bond yields rise

Spain's 'lose-lose' struggle reignites euro crisis
Telegraph.co.uk
The eurozone crisis has returned with a vengeance after Spain's mounting woes pushed 10-year bonds yields back to the danger line of 6pc and the Madrid bourse crashed to its lowest level since the 2009. By Ambrose Evans-Pritchard Markets took no notice ...

Telegraph.co.uk

Eurozone crisis is back and here to stay
The Guardian
After a four-month respite in which equity markets rallied strongly and interest rates on bonds fell, the eurozone's debt crisis is on again. Those who said the European Central Bank was merely putting a large piece of sticking plaster on monetary ...

The Guardian

Euro Crisis Deja Vu Sends Stocks Skidding
CNBC.com
A flare up in the European sovereign debt crisis is singeing US stocks and sending investors into the safety of bonds. European stock markets, particularly Italy and Spain, were sharply lower in a pan-European sell off led by the banking sector.

FOREX-Yen jumps vs dollar, euro on BoJ, euro-zone woes
Reuters
Bank of Japan refrains from easing policy further * Euro-zone worries, softer US data may boost yen demand * Spanish, Italian yield spreads widen By Luciana Lopez NEW YORK, April 10 (Reuters) - The yen surged to multi-week highs against the dollar and ...

Spain Bond Yields Rise, Reviving Fears of a Renewed Euro Crisis
New York Times
MADRID — Spain's borrowing costs rose Tuesday to levels not seen since early January, raising concerns that the financial crisis in Europe was heating up again after a lull. Stock markets closed sharply lower across the region.

Eurozone crisis reignites as Spanish bond yields hit four-month high
The Guardian
The eurozone entered crisis mode again on Tuesday as financial markets placed Spain firmly in their sights and investors began a concerted sell-off of Spanish debt amid growing scepticism over the country's ability to escape a bailout.

The Guardian

Euro zone perspective – nowhere near out of the woods
Reuters Blogs (blog)
Now, it's the other way round and after the ECB anaesthesia wears off, it's clear the euro zone patient is still sickly. The European Commission will cast an eye over Spanish budget plans at some point this week. Spanish risk premiums have leapt since ...

US Indexes Extend Losses to Fifth Day on Euro Zone Worries
123Jump.com
Euro zone debt crisis resurfaced as bond yields surge to a high for the year. Best Buy Co said Chief Executive Brian Dunn resigned and Sony Corp declares annual loss for the fourth year in a row. US indexes edged lower after wholesale inventories rose ...

German exports rise for second month in a row
Reuters
* German exports, imports rise in February * Europe's largest economy trades more outside non-euro zone BERLIN, April 10 (Reuters) - Trade with countries outside the euro zone drove German exports higher for the second month running in February, ...

German exports rise on demand from outside Europe
BusinessWeek
By GEIR MOULSON German exports rose for a second consecutive month in February, according to official data released Tuesday that showed demand from outside the debt-troubledeurozone was becoming increasingly important for Europe's largest economy.

Dow lower on eurozone jitters, Alcoa earnings in focus
Proactive Investors USA & Canada
US equity markets were lower Tuesday afternoon as a surge in government bond yields for Spain and Italy rekindled worries about the eurozone crisis ahead of the start of corporate earnings season. As at 2.38pm EDT, the Dow Jones Industrial Average was ...

Proactive Investors USA & Canada

Analysis: Troubled euro zone states most at risk from high oil
CNBC.com
BRUSSELS (Reuters) - Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit. Standard estimates of the impact ...

Euro Forecast Weighed By Contagion Threats, Sterling Building Base
TheStreet.com
By DailyFX 04/10/12 - 09:10 AM EDT By David Song, Currency Analyst The Euro slipped to an overnight low of 1.3058 as heightening finance costs across the periphery countries raised the threat for contagion, and the single currency is likely to face ...

EMERGING MARKETS-Latam shares slip on China imports, euro zone
Reuters
Latin American markets have sagged in April after logging sharp gains in the first quarter on an easing euro zone debt crisis, a jolt of liquidity and signs of economic recovery in the United States. The Latin American MSCI jumped 14 percent during the ...

European stocks drop on renewed eurozone, growth worries
Economic Times
LONDON: European stock markets fell sharply on Tuesday on renewed concerns about theeurozone and global growth prospects owing to weak Chinese trade and US jobs data. London's benchmark FTSE 100 index dropped 2.24 percent to 5595.55 points on the ...

Spain's borrowing crisis fuels eurozone debt fears
Irish Examiner
A rise in Spain's borrowing costs today fuelled fears about the eurozone debt crisis and triggered a sell-off on world markets. Spain's borrowing costs rose close to 6%, reflecting worries the country will struggle to keep up with repayments on its ...

Eurozone crisis live: Bombs in Athens over Easter break
The Guardian (blog)
9.38am: Eurozone investor sentiment dropped this month, after three consecutive increases. Sentix research group said its index, which tracks sentiment in the region, dropped to -14.7 compared with -8.2 in March. 9.26am: The governor of Spain's central ...

The Guardian (blog)

Summary Box: US government proposes new rules for mortgage lenders in wake of ...
Washington Post
CONGRESSIONAL MANDATE: Congress required the rule changes for the mortgage servicing industry in the wake of the 2008 financial crisis. The Consumer Financial Protection Bureau will formally propose the rules this summer and finalize them by January ...

Eurozone crisis reignites as rising borrowing costs for Spain and Italy alarm ...
This is Money
By Tanya Jefferies The eurozone is careering towards a fresh crisis as anxious investors force the governments of Spain and Italy to pay through the nose to borrow money. The interest rates the two debt-laden countries must stump up on their 10-year ...

This is Money

BoE's Posen sees euro zone jobless rate staying high
Reuters
WILLIAMSTOWN, Mass, April 9 (Reuters) - Recent decisive monetary policy action by the European Central Bank will not prevent unemployment in the euro zone from remaining high over the next two years, with Germany the exception, Bank of England ...

Bernanke says Fed working to address the regulatory failures exposed by 2008 ...
Washington Post
WASHINGTON — Chairman Ben Bernanke said Monday that the Federal Reserve is working to address the regulatory failures that were exposed by the 2008 financial crisis. But he cautioned that as the financial system evolves, new risks will emerge.

US government to propose new rules for mortgage lenders in wake of 2008 ...
Washington Post
Congress mandated changes in the rules covering the mortgage servicing industry in the wake of the 2008 financial crisis. The Consumer Financial Protection Bureau's proposed rules would require mortgage servicers to give all borrowers standardized ...

Summary Box: German exports up in February for 2nd consecutive month of growth
Washington Post
Demand from outside the debt-troubled eurozone is becoming increasingly important for Europe's largest economy. THE DETAILS: Germany exported goods and services rose 1.6 percent after a 3.4 percent month-on-month increase in January, ...

New rules seen Balkanising euro zone
Vision Insights and New Horizons
By Marc Jones and Eva Kuehnen FRANKFURT, April 10 (Reuters) - The ECB's decision to give the euro zone's national central banks the power to ban certain types of collateral being used by banks to get loans has ignited fears that the bloc's ...

Troubled eurozone states most at risk from high oil
National Post
By Philip Blenkinsop BRUSSELS – Oil prices at record levels in euro terms are threatening to rock the eurozone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.

National Post

German exports buoyed by demand from outside EU
AFP
FRANKFURT — Germany's trade surplus fell in February but stronger-than-expected demand from outside Europe may keep the eurozone's biggest economy out of recession, analysts said on Tuesday. Germany exported goods worth 91 billion euros ($119 billion) ...

AFP

Worries over Spain grow as bond yields rise
Huffington Post
Spain is under intense pressure to show it can rekindle economic growth and cut its budget deficit to avoid becoming the next eurozone country to need a bailout. The unemployment rate is nearly 23 percent and the economy is back in recession – the Bank ...

America's Debt Is Greater Than Entire Eurozone ... - Weasel Zippers
By ZIP
As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the ...
Weasel Zippers

How to save the euro zone | The Great Debate UK
By Kathleen Brooks
These are just a few ideas and nowhere near as in depth as the entries to the Wolfson Prize for Economics on how to break-up the currency bloc. But if a few common sense ideas were employed by Brussels then the euro zone project stands ...
The Great Debate UK

EUR/USD April 10 – Euro Dips as Eurozone Investor Confidence ...
By kenny
Euro dollar was down, after the Eurozone Investment Confidence Index plummeted. The dollar was also helped by a robust Chinese trade balance surplus, which.
Forex Crunch

Thomas Cook Faces Financial Crisis | TopNews United States
By John Binz
As per reports, it has been revealed that Thomas Cook has been looking out for ways by which they are able to reestablish them. This seems to be the reason that they are having word with their bankers, so that they can extend their financing ...
TopNews United States

Sober Look: Is Europe's recession spreading beyond the Eurozone?
By Walter Kurtz
But the "temporary blip" out of Sweden has turned into something more ominous when the February industrial production numbers came out this morning. Here we are no longer talking about Q4 which was challenging for most major ...
Sober Look

Euro zone April Sentix investor confidence deteriorates By Forexpros
By Forexpros
Forexpros - Investor confidence in the euro zone for April deteriorated unexpectedly, remaining in negative territory for the ninth consecutive month, data showed on Tuesday. In a report, market research group, Sentix said its index of investor ...
Forex Pros RSS News Feed | Forex News

XE.com - Sentix euro zone sentiment drops in April
Euro zone investor sentiment dropped in April after three consecutive increases, Sentix research group said on Tuesday.
XE Forex News

Euro Zone tilting toward new crisis – does EURUSD care ...
Euro peripheral bond spreads are spiking wider again, but the market isn't expressing a view on EURUSD on this development, as Bernanke came out yesterday with more dovish rhetoric. Passive BoJ keeps thumb on USDJPY.
Tradingfloor.com - the home of...
EUR/USD April 10 – Euro Dips as Eurozone Investor Confidence ...
By kenny
Euro dollar was down, after the Eurozone Investment Confidence Index plummeted. The dollar was also helped by a robust Chinese trade balance surplus, which took the markets by surprise. However, recent weak employment numbers in ...
Forex Bloggers

Euro zone sentix index falls to -14.7 in April | ForexLive
By Gerry Davies
Euro zone sentix index falls to -14.7 in April. By Gerry Davies || April 10, 2012 at 08:31 GMT. || 0 comments || Add comment. Versus -8.2 in March. Share and Enjoy: RSS · Facebook · Twitter · LinkedIn · email · Print; Add to favorites; del.icio.us ...
ForexLive

Stocks Tumble on Rising Worries about Euro Zone | Stock Market ...
By edliston
Stocks have fallen sharply in mid-day trading on rising worries about the euro zone debt crisis. Investors' sentiment has also been weighed down by a weak.
Stock Market News

Eurozone crisis live: Spain's borrowing costs soar | Business ...
Yields on Spanish 10-year debt push towards 6% Eurozone investor sentiment drops Spanish minister refuses to rule out bailout Greeks protest austerity ...
www.guardian.co.uk/.../eurozone-crisis-live-athens-protests-bo...

The Fed's Swap Bailout of the Eurozone - Philipp Bagus - Mises Daily
The Federal Reserve and the European Bank have negotiated a currency swap, which amounts to a covert bailout of European banks. The Fed's cronies call the ...
mises.org/daily/6002/The-Feds-Swap-Bailout-of-the-Eurozone

Barry Ritholtz on Causes of the Financial Crisis | FiveBooks | The ...
I originally thought we were going to be talking about Wall Street today. But I got the sense from some of your book choices that one of the biggest offenders ...
thebrowser.com/.../barry-ritholtz-on-causes-financial-crisis

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