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European Indebted NationsTitle:
Markets Hold Ground, Awaiting Central Banks to Move
Taking a general look at markets before the end of this week, we can see that the bearishness started to lose momentum as traders are speculating now what tools Central Banks might provide to revive the slowing pace of recovery, especially the European Central Bank amid the current political instability in Greece, the confirmed recession in Spain and Italy and the deepening debt crisis.
Moreover, investors are still worried and concerned regarding the general trend in markets, where after the Federal Reserve reassured that a slowing recovery in the U.S. might trigger another round of quantitative easing, volatility dominated markets as predicting the coming moves became highly uncertain as Politicians failed to calm markets and the fueled debt crisis, leaving policymakers with a difficult ...
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Global shares recover a bit, though fear on Greece remains
Asian shares on Thursday recovered a bit of the ground lost in the previous day's sell-off, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent on short covering, after sliding more than 3 percent - its biggest one-day drop in six months - on Wednesday.
The index hit a new 4-month low on Wednesday, and has shed 9.6 percent since May 2.
Gold and the euro recovered from Wednesday's lows as a recovery in shares helped improve sentiment slightly.
Bucking the general trend of recovery in Asia-Pacific, Australian shares .AXJO bucked the general recovery, falling 0.6 percent to a four-month low, with banks easing on ...
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Gold touches 4-1/2 month low as euro retreats
Gold eased below $1,560 an ounce on Tuesday after the failure of Greek politicians to form a government sent the single European currency to four-month lows and unnerved investors over the profitability of holding euro-denominated assets.
With gold's decline to its lowest since late December, consumers in top purchasing-nations such as India have delved into the market, which analysts said could protect the bullion price from a more protracted decline.
Gold remains vulnerable, however, as worries over the euro zone's future simmer in the background, keeping the single currency under pressure.
Spot gold was down 0.1 percent at $1,555.69 an ounce at 1350 GMT, while U.S. gold futures for June delivery were down $8.70 an ounce at $1,552.10.
Gold earlier hit its lowest since December 30 at $ ...
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Greece’s Last Chance at Government Fails, General Elections Likely in June
Tension and instability remains evident in the market, and last the week all the eyes where focused on Greece and the attempts of forming a government; however, we can see that the leaders of the largest three parties in Greece failed to find common grounds and reach an agreement regarding the second bailout deal and the excessive austerity required by international lenders in order to hand Greece the second financial aid.
Surprisingly, the anti-austerity Syriza Party led by Alexis Tspiras found strong support in the elections with the start of this week as more and more Greeks are joining the anti-austerity campaign in Greece, the thing that raised concerns this party might pressure other parties, resulting in revoking the pledges previously provided to international lenders regarding ...
Title:
Greece’s Last Chance to Create a Government Fails, General Elections to Come in June
Tension and instability remains evident in the market, where during the week all the eyes where focused on Greece and the attempts of forming a government; however, we can see that the leaders of the largest three parties in Greece failed to find common grounds and reach an agreement regarding the second bailout deal and the excessive austerity required by international lenders in order to hand Greece the second financial aid.
Surprisingly, the anti-austerity Syriza Party led by Alexis Tspiras found strong support in the elections with the start of this week as more and more Greeks are joining the anti-austerity campaign in Greece, the thing that raised concerns this party might pressure other parties, resulting in revoking the pledges previously provided to international lenders ...
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Volatility Extends in Markets after the European Commission Fresh Forecasts
The European Commission supported volatility to extend in the market amid the current deteriorating sentiment in the market, where the Commission revised growth forecast lower for the euro-area region adding concerns the current austerity-linked solution is weighing sharply on growth, forcing more pressures on lawmakers to find another way around to hammer that debt crisis as well as boosting growth, but without adopting further austerity.
The critical economic situation in Europe is worsening and getting more complicated, where lawmakers cannot find a way to fight the debt crisis without affecting growth aspects, where the sharp austerity adopted across Europe has brought a technical recession confirmed in most of the nations in the euro zone, fueling the debt crisis to expand further ...
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The euro continues the decline after downbeat Spanish bond sale ahead of ECB rate decision
The European common currency continued the decline today against other majors, affected by the downbeat Spanish bond sale, which raised fears the instability in the debt market might continue, making the financing operations through issuing debt difficult for other highly indebted European nations.
The volatility and rising borrowing cost reflects fears and doubts in addition to fragile confidence, where European and international investors doubt the ability of Spain to pay back the funds borrowed. Therefore, they demand more return in order to bare the additional risks associated with holding Spanish debt.
The Spanish Treasury auctioned today 2.52 billion euros of bonds maturing after two and five years, slightly above the maximum target of 2.5 billion despite the increase in borrowing ...
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Euro falls 3rd day as weak data weighs before ECB
(Reuters) - The euro slid for a third straight day against the dollar on Wednesday after dismal European manufacturing data added to fears about a broadening slowdown in the region ahead of a European Central Bank meeting and key elections in France and Greece.
The euro came off its lows, however, on speculation the European Central Bank may provide euro zone banks with more liquidity in a third long-term refinancing operation after the euro zone data, in both indebted and core nations, confirmed a worsening economic outlook.
Italy's manufacturing sector shrank more than expected, while data from Germany, Spain and France also showed factory activity falling significantly.
Political uncertainty also looms large, with upcoming elections in France and Greece this weekend having the ...
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Euro falls for third day, pressured by Europe data
(Reuters) - The euro fell for a third straight session against the dollar on Wednesday after soft European data fueled fears about a deep and broader slowdown in the region ahead of key elections in France and Greece.
The euro, however, briefly trimmed losses after a report showed the U.S. economy created fewer private-sector jobs than expected last month. It also came off its lows after speculation the European Central Bank could provide euro-zone banks with more liquidity in another long-term refinancing operation.
Wednesday's weaker euro zone data, not just in indebted smaller regional economies but in core nations too, raised speculation over possible policy signals at Thursday's ECB monetary policy meeting.
Italy's manufacturing sector shrank more than expected, with new orders ...
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