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

Wednesday, August 22, 2012

Markets rise on hope of decisive action by ECB and Brussels

Debt crisis: financial markets rise on hope of decisive action by ECB and Brussels - Telegraph: "GLOBAL stockmarkets rose and the borrowing costs of Europe’s sinner states dropped as traders bet that the political and economic deadlock over debt crisis may shift decisively within days."

Copper hits month peak on euro zone hopes
Reuters
LONDON (Reuters) - Copper marched to a one-month peak on Tuesday, testing the top of its recent range on optimism that the European Central Bank is drawing up a strategy to tackle the euro zone debt crisis, although some investors were wary about ...

Euro zone policy hopes, supply worries boost oil
CNBC.com
LONDON (Reuters) - Oil rose on Tuesday on hopes a strategy being drawn up by the European Central Bank would help tackle the euro zone debt crisis, and was supported by ongoing tension in the Middle East and tight North Sea supply. Some investors ...

Euro Zone Optimism
Inside Futures
STOCK INDEX FUTURES. S&P 500 futures have advanced to their highest level since May 2008. Prices are higher today due to ideas that this week's meeting among euro zone financial representatives will make progress in alleviating the region's debt crisis.

Euro Crisis: A Big, Maybe Bad, Week For Greece
Care2.com (blog)
European politicians have been addressing the topic of a “Grexit,” of Greece leaving the euro zone. Over the weekend, Luxembourg ... Read more: Athens, debt-crisis, economy, euro, euro zone, europe, finland, germany, greece. Photo of wildfires in Chios ...

Debt crisis: as it happened - August 21, 2012
Telegraph.co.uk
Even though the talks won't result in official decisions, the two most important politicians in the euro zone will know after these meetings just what they can still expect from Greece -- and they will draw the necessary conclusions. For the currency...

Telegraph.co.uk

Treasurys Decline on Euro-Zone Policy Hopes
Wall Street Journal
NEW YORK—U.S. Treasurys fell as investors clung to hopes that euro-zone policy makers will soon take bold action to stem their region's debt crisis. Signs that Germany is willing to ease Greece's bailout requirements as long as certain conditions are ...

Lindt sees euro crisis hurting appetite for chocolate
Reuters
ZURICH, Aug 21 (Reuters) - Lindt & Spruengli expects cautious consumers to forsake gourmet chocolate as the euro zone crisis drags on, the company said as it reported first-half net profits slightly short of expectations. The Swiss confectioner, famous ...

BOJ official sees China "in danger zone" for facing financial crisis
Reuters
TOKYO (Reuters) - The combination of a property price bubble, demographic changes and rapid loan growth heightens the chance a country will face a financial crisis, a Bank of Japan deputy governor said on Tuesday, warning that China is now entering a ...

BOJ official sees China 'in danger zone' for facing financial crisis - XE
The combination of a property price bubble, demographic changes and rapid loan growth heightens the chance a country will face a financial crisis, a Bank of Japan deputy governor said on Tuesday, warning that China is now entering a ...
XE Forex News

Brent steadies below $114; euro zone policy eyed [501817336 ...
By webmaster@theafricareport.com (REUTERS)
Crude futures cut gains on Monday after the Bundesbank and ECB shrugged off speculation on the form of market intervention the central bank might take to contain the region's debt crisis. German magazine Der Spiegel said over the ...
The Africa Report Art & Life

Forex - NZD/USD higher ahead of euro zone meetings By Forexpros
By Forexpros
Forexpros - The New Zealand dollar was higher against its U.S. counterpart on Tuesday, as market sentiment remained supported by hopes of progress in tackling the debt crisis in the euro zone, ahead of a series of meetings this week.
Forex Pros RSS News Feed | Forex News

ECB adds 40 jobs to avoid euro crisis burnout | iPolitics
By Canadian Press
ECB adds 40 jobs to avoid euro crisis burnout ... New responsibilities from the debt crisis include missions to bailed-out countries such as Greece, Ireland and Portugal, to monitor their compliance with loan agreements. The bank, which is the ...
iPolitics

Euro Crisis Revving Up - Fasten Your Seatbelts - Yahoo! Finance
Finance: The markets have been starved of euro zone news for several weeks, ... "With the people who normally stir the pot on the euro crisis off on holiday, there are ..... Greece was prone to failure even without the financial crisis ruining EU ...
finance.yahoo.com/.../euro-crisis-revving-again-fasten-10171...

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