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Whether Europe WideTitle:
Euro slips as Greek deal optimism runs thin
(Reuters) - The euro slipped against the dollar on Tuesday but stayed within its recent range as investors waited to see whether Greece will agree to painful austerity measures that are crucial for a rescue package to avoid a messy debt default.
Optimism over Greece waned during the European session, dragging stocks and risk-sensitive currencies including the Australian dollar down from their highs.
For Greece, failure to secure the 130 billion euro ($170 billion) rescue would mean it faces a ...
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Greece wrangling tempers market momentum; RBA holds rates
(Reuters) - Greek resistance to the strict conditions attached to a bailout fund on Tuesday sapped recent momentum in markets spurred by hopes the global economy is improving, and the euro fell on renewed fears of a messy debt default.
The Australian dollar leapt to a six-month high but stocks turned negative after the central bank held rates steady at a review when markets had positioned for a rate cut.
Opinions were divided over whether the wrangling over Greece's debt restructuring talks ...
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Brent holds above $114; Greece risk, Iran eyed
(Reuters) - Brent crude held above $114 a barrel on Monday as traders weighed the prospect of a supply disruption from Iran against the risk that a sovereign debt default by Greece could tip the euro zone into a demand-sapping recession.
Market participants are watching to see if Greek coalition parties accept the painful terms of a new bailout deal to avoid a messy default. A decision is due later on Monday.
In Iran, leaders continued to threaten military action in its increasingly volatile ...
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Risk Appetite Set To Freeze
Risk Appetite Set To Freeze
The severe arctic winds have reminded much of Europe that winter still has some bite and, in a similar vein, risk appetite is likely to peak as a more sobering reality returns. A key issue is that governments will look to take advantage of any improvement in conditions to row back on reforms and austerity as they face an increasingly hostile electorate. Key banking-sector reforms are also likely to be delayed with underlying issues left unresolved and business ...
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Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
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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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Jobless rate at 3-year low as payrolls surge
(Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent - the lowest since February 2009 - from 8.5 percent in December.
The gain in employment was the largest since April and it far outstripped the ...
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Brent extends gains on U.S. jobs data, Iran
Brent crude extended gains above $113 on Friday after data showed the U.S. economy created jobs at the fastest pace in nine months in January, spurring hopes this could stimulate demand at the world's top consumer.
A warning by Iran's supreme leader of retaliation over an oil embargo "at the right time" also supported oil prices.
By 1440 GMT, front-month Brent crude was up $1.63 at $113.70 a barrel, gaining for a fourth consecutive day.
U.S. crude rose by 64 cents to $97.00 a barrel, ...
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US Non-Farm Payrolls Set to Generate Heavy Volatility
Today's US Non-Farm Payrolls figure, widely considered the most significant economic indicator on the forex calendar, is set to generate heavy trading today. At the moment, analysts are predicting that the US added somewhere around 150K jobs in January. Should the final result come in below expectations the USD may come under renewed pressure to close out the week.
Economic News
USD - Negative Euro-Zone News Gives USD Temporary Boost
Fresh concerns regarding Greece's debt negotiations sent ...
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