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

Tuesday, May 1, 2012

Euro zone price pressures persist, constrain ECB

Euro zone price pressures persist, constrain ECB action
Reuters
By Robin Emmott | BRUSSELS (Reuters) - - Price pressures stayed high in the euro zone in April in the face of a likely recession, keeping interest rate cuts off the agenda for a European Central Bank seeking ways of reviving economic growth within its ...

Eurozone inflation eases to 2.6 percent
San Francisco Chronicle
Rising prices have been a consistent headache for the ECB — the chief monetary authority for the 17-country eurozone. The annual rate has remained stuck well above the central bank's goal of just under 2 percent, a target that it now says won't be ...

Instant View: Euro zone inflation cools but ECB seen holding rates
Reuters
BRUSSELS (Reuters) - - Inflation pressures in the euro zone eased slightly in April from March but were still above expectations, giving the European Central Bank little room to lower interest rates to help revive economic growth across the continent.

Euro-Zone Inflation Slows as Oil Gains Weaken
BusinessWeek
By Simone Meier on April 30, 2012 European inflation slowed in April as energy costs increased at a weaker pace than a year ago. The inflation rate in the 17-nation euro area fell to 2.6 percent from 2.7 percent in March, the European Union's ...

Private-Sector Loan Growth Slows in Euro Zone
Wall Street Journal
By MARGIT FEHER FRANKFURT—Bank lending to euro-zone businesses expanded at a slower pace in March, indicating that the European Central Bank's three-year loans to banks have yet to reach companies and households. Bank-lending growth to the private ...

Euro lending growth slows, banks spend ECB cash on bonds
Reuters
* Private sector loan growth 0.6 pct y/y vs 0.8 pct in Feb * Monthly flow of loans to firms at -5 bln eur * Euro zone banks stock up on government bonds * Data shows ECB LTROs yet to impact real economy * March M3 annual growth 3.2 pct vs 2.8 pct in ...

TABLE-Euro-zone M3 up, private loan growth slows in March
Reuters
FRANKFURT, April 30 (Reuters) - Money supply growth accelerated and loan growth to the private sector slowed in March, the European Central Bank said on Monday. The ECB gave the following percentage changes in growth, seasonally adjusted: MARCH FEB ...

Emerging markets hold breath as EU banks shrink
Reuters
* Euro zone crisis ripples far and wide * Asia fears reprise of post-Lehman banking drought * Eastern Europe in firing line due to close EU links * ECB's cheap loans buy time for banks, emerging markets By Alan Wheatley, Global Economics Correspondent ...

Euro-Zone Inflation Slows Less Than Expected
NASDAQ
"The serious concern is that elevated oil prices could cause euro-zone inflation to be sticky for some time to come," said Howard Archer, chief euro zone and UK economist for IHS Global Insight. "This would be a blow to euro-zone recovery prospects as ...

Eurozone inflation falls to 2.6% in April
Financial Times
By Ralph Atkins in Frankfurt Eurozone annual inflation fell only slightly to 2.6 per cent in April, increasing the European Central Bank's discomfort as a further slowdown in bank lending to the private sector showed stubborn price pressures combining ...

Eurozone bank lending slows despite ECB's €1 trillion cheap loans
Telegraph.co.uk
Eurozone bank lending to the private sector rose more slowly than expected in March, despite the European Central Bank's injection of €1 trillion (£815bn) of cheap loans into the banking system. By Angela Monaghan An ECB report showed loans to ...

Telegraph.co.uk

Eurozone inflation falls – but interest rate cuts still unlikely
The Guardian
Price pressures stayed high in the eurozone in April in the face of a likely recession, keeping interest rate cuts off the agenda for a European Central Bank seeking ways to revive growth within its inflation mandate. Annual consumer price inflation ...

The Guardian

Berlin insists on eurozone austerity
Financial Times
The eurozone must stick to its austerity-led recovery plan, Germany's finance minister insisted on Monday, signalling Berlin's limited appetite for the more growth-oriented policies advocated by some other European leaders. Wolfgang Schäuble said the ...

OIL FUTURES: Crude Down As Spain Woes, Euro-Zone Data Weigh
Wall Street Journal
By Konstantin Rozhnov Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Crude oil prices were lower Monday as Spain's recession and the euro zone's weaker-than-expected inflation data pushed the euro lower against the dollar and fuelled fears oil demand may ...

Even Chancellor George Osborne would shy from eurozone austerity
Telegraph.co.uk
David Cameron has described the euro crisis as not yet even halfway through, a statement that may variously be regarded as either far too optimistic or, as the shadow chancellor Ed Balls sees it, a desperate attempt to blame the eurozone for Britain's ...

Telegraph.co.uk

DATA SNAP: Euro-Zone April Inflation Slows Less Than Expected
NASDAQ
The European Union's official statistics agency Eurostat said the flash estimate of the annual consumer price index in the euro zone rose 2.6% on the year in April, compared with a 2.7% increase in March. That was higher than expected as economists ...

Eurozone Inflation Slows Slightly In April
RTT News
(RTTNews) - Eurozone inflation slowed less-than-expected in April despite the economic downturn. Moreover, persistently high inflation is limiting the scope for the central bank to reduce interest rate so as to support the economy.

RTT News

ECB: Loans To Business Drop In March
Wall Street Journal
By Margit Feher FRANKFURT (Dow Jones)--Bank lending to euro-zone businesses fell in March, indicating that the European Central Bank's two injections of cheap three-year loans have yet to reach the wider economy and help pull the region's countries out ...

Summary Box: Inflation, lending drag on eurozone
CBS News
ECONOMIC BUMMER: Europe got more downbeat economic news Monday as inflation remained higher than expected and European Central Bank data showed only anemic growth in credit to businesses despite its massive infusion of cheap money into the financial ...

Euro-zone April annual inflation slows to 2.6%
MarketWatch
By William L. Watts FRANKFURT (MarketWatch) -- The annual pace of inflation in the 17-nationeuro zone slowed less than expected to 2.6% in April from 2.7% in March, the European Union statistics agency Eurostat reported Monday.

Cameron says eurozone debt crisis has years to run
Telegraph.co.uk
David Cameron said the eurozone debt crisis was less than halfway through and was partly to blame for Britain falling into a double-dip recession. David Cameron said economies struggling across the channel, which receive 40pc of all UK exports, ...

Telegraph.co.uk

Eurozone inflation cools but remains headache for ECB
Telegraph.co.uk
The stubborn inflation rate is important to the eurozone debt crisis because it discourages the ECB bank from cutting its 1pc benchmark interest rate. Lower rates can spur growth, but can worsen inflation. ECB President Mario Draghi has stressed that ...

Telegraph.co.uk

The Eurozone Crisis: Why You Don't Need to Worry About Spain
Investment U
The Eurozone is back in the news again and – needless to say – it isn't good. The problem is Spain. Unemployment is almost 24%. Among those under 25, it's 50%. Last year, the budget deficit was 8.5% of GDP. Tax revenue is down sharply.

Investment U

Euro zone money supply up 3.2% in March
RTE.ie
The slowdown is of particular concern given that, in two special measures in December and February aimed at averting a credit squeeze in the euro zone, the ECB lent over €1 trillion to banks at a rate of 1% for a period of three years.

Gold Ends Slightly Lower On Strong Dollar, Eurozone Concerns
RTT News
(RTTNews) - Gold futures ended a shade lower Monday, as the dollar strengthened with investors refraining from risk with Spain slipping back into recession and eurozone concerns resurfacing. Gold shed about 0.5 percent for the month.

Sober Look: Eurozone retail sales weakest since 2008 - French ...
By Walter Kurtz
Trevor Balchin (Markit Partners): - “The latest batch of retail PMI data for the Eurozone portrayed a worryingly steep downturn on the high street. Coming on the back of disappointing flash estimates for the manufacturing and service sectors, the ...
Sober Look

Eurozone austerity faces increasing political challenges as economy ...
By Mark Weisbrot
With the eurozone and now even the U.K. in recession, the German economy shrinking and France barely growing, the rebellion against the self-inflicted harm of austerity is spreading to the richer northern countries. In the Netherlands, which ...
Real-World Economics Review Blog

Euro zone flash CPI holds steady in April By Forexpros
By Forexpros
Euro zone flash CPI holds steady in April. ... Forexpros - Consumer price inflation in the euro zone held steady in April, preliminary data showed on Monday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.6% ...
Forex Pros RSS News Feed | Forex News

Stubborn inflation, weak lending weigh on eurozone | Business ...
Europe got more downbeat economic news Monday as inflation remained higher than expected and European Central Bank data showed only anemic growth in credit to businesses - despite its massive infusion of cheap money into the ...
KVAL - News - Business

Eurozone April inflation est 2.6% y/y (expected 2.5%) from 2.7% in ...
By Joe Brown
Inflation slowing less than expected. EUR remains comotose around 1.3242.
ForexLive

Fuel Fix » Berlin insists on eurozone austerity
By FT.com - Energy
Posted on April 30, 2012 at 2:01 pm by FT.com - Energy in. Germany rejects more growth-oriented policies advocated by some European leaders in face of voter anger. Read more from Financial Times · « Previous Post · Next Post » · FT.com - ...
Fuel Fix

XE.com - US crude ends down on euro zone woes, weak US data
U.S. crude oil futures ended lower on Monday on worries about the euro zone economy and weak U.S. economic data, but losses were pared on hopes that the Fed will adopt more monetary easing to support the struggling economy.
XE Forex News

Euro crisis: April is the cruellest month… « Slugger O'Toole
By Pete Baker
What is being exposed is a major flaw with Mrs Merkel's fiscal pact. It is undemocratic. It ties the hands of future governments – and that, of course, was its intention but it doesn't stop voters opposing further cuts. In the eurozone, deficits are ...
Slugger O'Toole

THE ASTUTE BLOGGERS: UH-OH: CAMERON: EURO-CRISIS NOT ...
By Reliapundit
'I don't think we are anywhere near halfway through it because what's happening in the eurozone is a massive tension between the single currency that countries are finding very difficult to adapt to,' Mr Cameron told the BBC's Andrew Marr ...
THE ASTUTE BLOGGERS

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