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Sector In Europe LooksTitle:
EUR trading firm as markets are more optimistic about Greece
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going ...
Title:
Euro dips as Greece delays debt deal approval
(Reuters) - The euro dropped against the dollar on Monday as Greece's political leaders delayed a decision on a new bailout package, raising concerns of a disorderly default that could spread to other debt-ridden countries in the region.
A European Commission spokesman said Greece was already past the deadline for finalizing talks on a second financing package and needed to move urgently.
German Chancellor Angela Merkel told Greece to make up its mind quickly on accepting the painful terms for ...
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The Weekly Bottom Line : 05/02/2012
The Weekly Bottom Line : 05/02/2012
HIGHLIGHTS OF THE WEEK
United States
U.S. economic indicators for January point to renewed momentum in early 2012. Non-farm payrolls expanded by a vigorous 243K, and the unemployment rate fell to 8.3%.
Vehicle sales rose 4.6% to 14.1 million (SAAR) in January, reaching the highest level in over three and half years and surpassing the one-time shot in the arm provided by the cash for clunkers stimulus program.
ISM manufacturing and non- ...
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Europe in the 99-cent bin
With the Standard & Poor's 500 Index off to its best January in 15 years, it's getting tougher to find cheap stocks in the United States. But it's not much of a problem in Europe.
Sovereign default worries have made the region's shares the cheapest they've been to American investors since 2004.
Companies in the S&P Europe 350 are trading at around 10 times earnings for 2012, compared to 12.2 for the S&P 500. That means investors are getting a 20 percent-plus discount for looking across the ...
Title:
Euro falls from 6-week high on Greek caution
(Reuters) - The euro fell from six-week highs against the dollar on Monday as a rally driven by short-covering ran out of steam, with investors waiting for a debt swap deal between Greece and its private creditors as well as a summit of EU leaders.
Athens is unlikely to reach an agreement to restructure private sector holdings of its debt in time for the summit, at which euro zone leaders are expected to sign off on a permanent rescue fund for the euro zone and agree on inserting a balanced ...
Title:
Is The Firewall Strong Enough?
The first part of the week will inevitably be dominated by Monday's EU Summit and continuing talks surrounding the Greek debt-restructuring deal. There has been a significant shift in tone and rhetoric from officials and this will be a key theme over the coming week as Euro-zone leaders are now more confident that the contagion firewall is strong enough to cope with an effective Greek default which is encouraging them to take a tougher stance, especially with the dovish Fed tone also still ...
Title:
Signs of Cyclical Turn?
Economic Data Analysis
Signs of Cyclical Turn?
Key indicators suggest modest improvement in activity, supporting risk sentiment.
The coming week's PMI's should add to the view that global output is firming.
Euro area remains key risk to a more positive outlook, with the upcoming Summit in focus.
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive ...
Title:
Forex - Swiss KoF Goes Negative
Forex News and Events:
USD selling continued for the majority of yesterday’s session. EM & commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where Mr. Bernanke announced it would be nearly 3 years before hikes (he also indicated that selling of balance sheet assets would not happen before 2015). In addition, committed to an ...
Title:
YouTradeFX Daily Market Analysis : 27/01/2012
Fundamental News:
Today’s highlights:
ECB President Draghi Speaks (EUR, 13:15 GMT)
GDP (QoQ) (U.S, 13:30 GMT)
U.S
U.S. Leading Economic Index rose for third straight month in December, according to a report released by the Conference Board on Thursday. The leading economic index increased by 0.4 percent in December following a revised 0.2 percent increase in November. While, new home sales in the U.S. unexpectedly fell in the month of December, according to figures released Thursday ...
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