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

Tuesday, August 21, 2012

ECB says bond buying reports are 'absolutely misleading'

Debt crisis: ECB says bond buying reports are 'absolutely misleading' - Telegraph: "The European Central Bank has dismissed a report that it plans to set a cap on the borrowing costs of indebted eurozone countries."

Germany's Bundesbank remains opposed to ECB bond buying - Telegraph: "The Bundesbank has showed no signs of lowering its resistance to a European Central Bank plan to buy billions of euros worth of Spanish and Italian government bonds to reduce those countries' crippling borrowing costs."

US Stocks Lower as Euro Zone Standstill Adds to Concerns
Wall Street Journal
NEW YORK--U.S. stocks ticked lower after the euro zone's central bank damped hopes that it may be considering moves to stabilize troubled sovereign-debt markets. The Dow Jones Industrial Average gave up 23 points, or 0.2%, to 13252 in mid-morning ...

Copper falls on euro zone disappointment, China worry
Reuters
LONDON (Reuters) - Copper fell on Monday on disappointment over a lack of progress in solving theeuro zone crisis and fears that top commodities consumer China will step up a campaign to curb inflation in the metals-intensive housing sector. Denting ...

BrokerTec, MTS to launch euro zone repo index series
Reuters
The euro zone debt crisis has hit Italian and Spanish bonds and their value as collateral, sending national repo rates within the bloc on diverging paths. Having an index based on repo rates in each country allows investors to create financial products ...

Crisis Prompts Portuguese to Return to Former Colony
CNBC.com
Euro Crisis Prompts Portuguese to Return to Former Colony. Published: Monday, 20 Aug 2012 ...But with their economy in the grip of the euro zone's debt-driven recession, many are now flocking to seek new opportunities in a Portuguese-speaking country ...

Walker's World: The return of euro crisis
UPI.com
20 (UPI) -- Just back from vacation, France's President Francois Hollande plunges right back into a new euro crisis, as he goes to Berlin for talks this week with Chancellor Angela Merkel. And then each of them separately has talks with the new Greek ...

UPI.com

Aussie Trades Near August Low as Fed Stimulus Bets Drop
Bloomberg
Australian Dollar Strengthens Before Euro Crisis Talks. By Benjamin Purvis and ... The Australian dollar rose against all of its major counterparts before Europe's leaders meet this week to discuss measures to stem the region's debt crisis. The so ...

US Stocks Retreat Amid Concerns on Europe's Debt Crisis
Bloomberg
U.S. Stocks Retreat Amid Concerns on Europe's Debt Crisis. By Inyoung Hwang - 2012-08-20T17:14:02Z. U.S. stocks fell, after the Standard & Poor's 500 Index rose to its highest level since April, amid investor concern about Europe's debt crisis. Best ...

Oil Mixed on Euro-Zone Worries
NASDAQ
Oil futures reached a new three-month intraday high in overnight trading after the German weekly Der Spiegel reported that the European Central Bank is considering capping bond yields for fiscally fraileuro-zone member states. However, the markets ...

Euro Crisis Shifts Financial Clout to Asia
CNBC.com
were launched not in the United States or Europe, but in Malaysia. Yet perhaps what is more striking is that, with one or two exceptions, Asian financial firms are not doing more in Europe itself to capitalize on the euro zone's festering debt and ...

CNBC.com

More thoughts on yield ceilings on euro zone sovereign debt | Credit ...
By Edward Harrison
You are here: Home » Political Economy » More thoughts on yield ceilings on euro zone sovereign debt ... As the US financial crisis progressed, the Fed did one round after another of liquidity operations. The Fed is known to also have considered numerous options to deal with the US banking and mortgage crisis including rate caps ... a premium financial newsletter. Sign up here for a free trial. Tags: ECB, Federal Reserve, monetary policy, Politics, rate easing, sovereign debt crisis ...
Credit Writedowns

Middletown struggles to find itself amid financial crisis | PennLive.com
By DIANA FISHLOCK, The Patriot-News
Its financial issues are driving the self-reliant borough to seek help. Some fear that could hurt morale or change the feel of the town.
Breaking Midstate News with The...

Shanghai composite hits a new post-financial crisis low
By Zarathustra
Chinese stocks market made another new low today. Shanghai Composite has just broken below 2100 as: 1. Perhaps locals are losing interest in stocks, and foreigners are not picking up the slack;. 2. Perhaps locals are largely unimpressed ...
Also sprach Analyst

Forex - AUD/USD rises amid fresh euro zone hopes By Forexpros
By Forexpros
Forexpros - The Australian dollar rose against its U.S. counterpart on Monday, as risk sentiment slightly improved amid hopes for progress in tackling the euro zone's debt crisis, while investors eyed the release of U.S. data later in the week.
Forex Pros RSS News Feed | Forex News

XE.com - GLOBAL ECONOMY-Weak euro zone casts long shadows
Business surveys this week are likely to show the euro zone economy remaining flat on its back in August after contracting by 0.2 percent in the second quarter. But the ECB has already cut to zero the interest it pays banks on excess reserves.
XE Forex News

Small states squabble over euro zone's future - Yahoo! Finance
By Georgina Prodhan and Ritsuko Ando. VIENNA/HELSINKI (Reuters) - Smaller euro zonecountries that have retained top credit ratings through the region's ...
finance.yahoo.com/.../small-states-squabble-over-euro-001131...

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