European Stocks Rise, Extending Weekly Gain; Asian Shares Climb
European stocks advanced amid speculation the European Union will offer to bail out Greece and as U.S. retail sales unexpectedly increased. U.S.
Archive for the Category ‘Euro’
European Industrial Output Increases Most in 20 Years (Update2)
European industrial output rose the most in two decades in January as the reviving global economy prompted companies to boost production of goods including steel and machinery parts.
Euro Rallies as Growth Prospects Improve, British Pound Extends Rebound
The Euro extended the advance from the previous day and rallied to a fresh weekly high of 1.3795 during the overnight trade as the economic docket reinforce an improved outlook for the region. Meanwhile, EU President Jean-Claude Juncker acknowledged that the Euro-Zone needs new instruments to avert future crises, but argued that creating a European Monetary Fund would not solve the debt issues with Greece and that it would be “meant for more broad-based crises.”
Oil, Gold Rebound Amid Broad US Dollar Selling
Crude oil, gold and silver rebounded amid broad-based selling of the US dollar in what appeared to be a return to typical “risk on” trading in European hours.
Currencies Higher; Commodity Bloc Lags
The markets have picked up in European trade, with currencies broadly bid against the buck.
Schaeuble Backs Euro Ouster for Delinquent States (Update1)
German Finance Minister Wolfgang Schaeuble called for “prohibitive” sanctions including expulsion from the euro region as the ultimate penalty for countries that repeatedly flout debt rules.
BBVA Chairman Gonzalez’s $109 Million Pension Riles Investors
Francisco Gonzalez, chairman of Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest lender, has a pension worth 79.8 million euros ($109 million). That’s almost four times the pot accumulated by Stephen Green, his counterpart at HSBC Holdings Plc, Europe’s largest bank.
EU’s Juncker Says Euro Area Needs Tools to Prevent New Crises
Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said the euro area needs instruments to prevent new crises.
Opening Comment 03.12
All major currencies have barely moved a tenth of a percent in Asian trade and the markets seem content on some quiet consolidation ahead of the European open.
Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week
• Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week • Canadian Dollar Recovers on Trade and Housing Data, Looks to Jobs Data for a Breakout • Euro Discomforted by Policy Makers Doubts and Reservations • New Zealand Dollar Fails to Generate the Same Volatility on Retail Sales that the RBNZ Mustered
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Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131
Dow Index & Global Markets enter long term Bearish Phase – Credit crisis moving from Corporate to Sovereign credit crisis
Gold Price Trend Forecast 2010 – Bearish
Nifty Trading Tips – Nifty makes an intermediate top at 5,310 for jan 2010
Indian Rupee Value forecast to weaken further on Strong Intermediate Dollar rally
MCX/Comex Gold futures make intermediate Top at USD 1140 for Jan 2010
USD INR Trend forecast bottoms for 2009 – Indian Rupee (INR) exchange rate to weaken until 1 QTR 2010.
