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Banking Sector In EuropeTitle:
Europe shares hit six-month high on economic optimism
(Reuters) - European shares hit a new six-month high on Wednesday, with cyclical stocks extending a strong run as investors became more confident that economic growth would boost company earnings, and eclipse concerns about Greece.
At 1154 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.4 percent at 1,076.55 points, having earlier gone as high as 1,079.97, a level not seen since early August. The index is up more than 26 percent from the 2011 low it hit in September.
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Title:
High-beta banks lead European stocks higher
(Reuters) - Banks led European shares higher on Wednesday, with investors positioning for a favorable resolution of the Greek sovereign debt crisis and cheering a string of upbeat corporate results, as they bought into high-beta or volatile stocks.
Greek parties will try again on Wednesday to agree a reform deal necessary to secure a new international rescue package to avoid a chaotic default.
At 4:10 a.m. ET, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.7 percent at 1,079. ...
Title:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
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Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
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Wall St edges up as Greece draws up bailout terms
(Reuters) - Stocks edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
Greek officials worked on the draft of a text on the 130-billion-euro bailout plan that will be put to political leaders for approval while strikers protesting against more austerity tussled with police outside parliament.
A light U.S. economic calendar this week shifted investor focus back to the euro zone. With ...
Title:
Dukascopy Afternoon Forex Overview : 07/02/2012
Fundamental Analysis
EUR
17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116.
USD
US President Obama ordered to freeze all ...
Title:
Greek talks check euro, results hit shares
(Reuters) - The euro was underpinned on Tuesday by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe's economic troubles among leading banks rekindled investor unease, sending shares lower.
U.S. stock index futures pointed to the unresolved Greek deal weighing on Wall Street at the open, ahead of Senate testimony from Federal Reserve Chairman Ben Bernanke that may grab the spotlight at 1500 GMT (10 a.m. EST) after last week's ...
Title:
Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in ...
Title:
Europe Ahead: Greek debt-swap talks may show a deal, eyes to focus on ECB and BoE rate decisions
Another week of Greek debt-swap talks is coming ahead after the failure of the Greek government and private sector bondholders to reach an agreement over the size of losses and interest on new loans last week.
Debt-swap talks stall is raising concerns Greece may face default as early as in March when 14.5 billion euros of debt matures.
A report last week by Bloomberg said a loss of 70% for a lower borrowing cost of 3.6% instead of 4.25% on 30-year bills, where, in return, a rebound in Greek ...
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