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

Tuesday, November 13, 2012

Oil slips below $86; fiscal cliff, euro zone weigh

Oil slips below $86; fiscal cliff, euro zone weigh
MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures traded mostly lower Monday, slipping back below $86 a barrel as investors watched risks to oil demand against a backdrop of concerns about the U.S. fiscal cliff and ongoing debt crisis in the euro zone.

Debt Crisis: No more money for Greece despite vote - European, Business - Independent.ie: "THE euro zone will not authorise more money for Greece, despite the country approving a tough 2013 budget, because there is still no agreement on how to make its debts sustainable. Finance ministers meeting in Brussels should, however, give Athens two more years to meet its goals in talks about unfreezing lending to Greece."

E.ON Questions Mid-Term Profit Targets As Euro-Crisis Weighs
Fox Business
XE) late Monday warned its medium-term profit and dividend targets may no longer be achievable, blaming the unresolved sovereign debt crisis in the euro zone as well as knock-on effects on industrial energy demand in a faltering European economy.

UK shares gain in thin volumes, await euro zone progress
Reuters
Greece passes budget but debt crisis rumbles on. * Investors hedge uncertainty with defensives. By Alistair Smout. LONDON, Nov 12 (Reuters) - Britain's FTSE 100 edged higher on Monday in thin volumes after the passage of a crucial Greek budget vote on ...

Stock Market Today: Stocks End Flat Amid Worries over Fiscal Cliff, Euro Zone ...
TveNews.com
Stocks pared their modest gains in late trading to finish flat as concerns over the looming fiscal cliffand the euro zone debt crisis continued to weigh down investors' sentiment. » Track Premarket Stocks and Today's Top Stocks. The Dow Jones ended ...

Euro zone number one worry for WEF delegates in Dubai
The National
"Such a shift in priorities among members surveyed suggests that experts now contemplate a considerable political as well as financial fallout from the crisis, as euro-zone countries struggle to keep public debt levels in check," said the WEF. The ...

Loss Clauses May Not Dent Demand for New Euro Government Bonds
Wall Street Journal (blog)
Euro-zone governments are set to start selling bonds with clauses that make it easier for countries to impose losses on bondholders, but analysts doubt that these provisions alone will make this new slice of government debt trade at a sharply lower ...

After Crisis, Benelux Banks Head Toward Light
Wall Street Journal
AMSTERDAM—Banks in Belgium and the Netherlands were hit hard by the financial crisis but a couple of the lenders are now starting to emerge as among the best bets in the European banking sector, according to some analysts. To be sure, the banking ...

Greece Passes 2013 Austerity Budget
Wall Street Journal
Euro-zone finance ministers will meet Monday in Brussels, where they had been expected to approve Greece's next aid payment of €31.5 billion ($40 billion), but no decision is now expected until they are assured the country's overhauls are on track ...

Wall Street Journal

Italy - Factors to watch on Nov 12
Reuters
EURO ZONE DEBT CRISIS. Investors are returning to Italy, allowing it to comfortably service its large debt and avoid seeking help from the euro zone's bailout fund, the head of the country's debt agency said on Friday. The euro zone will not release a ...

Fiscal Cliff In US - Debt Crisis In Europe - Both Favor Gold -- Morgan ...
Fiscal Cliff In US - Debt Crisis In Europe - Both Favor Gold. November 9, 2012. By James O'Dell. November 9, 2012, Los Angeles – Precious metals prices ...
Euro zone sales fall in September as motorists cut back - MSNBC.com
Despite tepid global demand for oil as economies worldwide feel the impact of the euro zone debt crisis, Brent crude rose to near $120 a barrel in August and ...

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