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

Monday, November 19, 2012

ECB's Asmussen sees Greek aid deal covering 2 years

ECB's Asmussen sees Greek aid deal covering 2 years
Reuters
BERLIN (Reuters) - European Central Bank policymaker Joerg Asmussen said on Sunday the euro zone should agree next week on two years of funding for Greece and leave further help to be decided later, a view likely to irk the IMF, which wants a permanent ...

GLOBAL ECONOMY-Looking hard for reasons to give thanks
Reuters
Euro zone in fresh crisis talks over Greece. * Budget wrangling ... In Europe, another week brings another meeting of finance ministers to try to 'save' Greece as well as another set of surveys likely to show the euro zone heading for another quarter ...

Italy austerity saved euro zone claims Mario Monti
Gulf Daily News
Monti, a former economics professor and high-flying European commissioner, was voted in by parliament as the head of a technocratic government on November 16 last year as Italy came under fire from the euro zone debt crisis. "This government was born ...

Gold to consolidate, rise
Hindu Business Line
The euro zone debt crisis dragged the block into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The markets are on their toes due to the looming “fiscal cliff” phenomenon, as ...

THE PRIOR WEEK: 5 THINGS WE LEARNED ABOUT THE WEEKS AHEAD
Business Insider
Little or none of these will happen as Washington will once again defer any serious deficit cutting, as it did when faced with 2011's debt ceiling crisis (which set up the current fiscal cliff crisis). The pain is deferred, but at a cost of further ...

Pick up key stocks on market weakness
The Nation
... SET Index rose on Monday after the US consumer confidence touched a five-year high, it dropped by 20.48 points from the middle to late last week (the SET Index hit a low of 1,263.05 points) on concerns over the US "fiscal cliff") and the European ...

Rajoy Still Has a Debt Mountain to Climb
Wall Street Journal
Even without requesting the euro-zone aid that would pave the way for the European Central Bank to start buying Spanish bonds, the presence of an implicit ECB backstop has led to a sharp fall in bond yields and allowed Madrid to complete its 2012 ...

Asian Stock Markets Week Ahead: Investors To Focus On US Data
International Business Times
Asian stock markets ended lower last week as concerns about the U.S. fiscal cliff andeuro zone debt crisis continued to weigh on the sentiment. Stock markets in Asia are expected to move along with the global markets in the coming week in the absence ...

International Business Times

Dollar creeps higher in cautious trade
The Nation
NEW YORK - The dollar edged higher as traders grew more cautious amid rising Middle East tensions, which added to worries about the eurozone debt crisis and the US fiscal cliff. The eurofetched $1.2741 at 2200 GMT, ... The euro managed to trim its ...

Gold falls as buck rises; Greece funding delayed
MarketWatch
... olgax name jpmorgan large cap growth fund a realtimechannel channel quotes zigman 369776 id quote_1904397 open 2 days ago markets financials shed morning woe reits highlight us financial stocks recover earlier losses on tuesday afternoon and rise ...

MarketWatch



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