GLOBAL ECONOMY-World factory growth slips, US hiring weak
Forexyard
In the euro zone, even regional pacesetters France and Germany showed fresh ... PMIs and the 2008 slump, when the financial crisis decimated global trade. ...
TheFXSpot: Greece Still 'The Word;' US/China PMIs Eyed
IMarketnews.com
The market awaits insight into eurozone monetary policy from commentary from ECB ... citing prospects for weak economic growth and rising public debt. ...
EU Morning Report- Euro plummets as the euro zone debt crisis ...
EU Morning Report Euro plummets as the euro zone debt crisis deepensThe euro weakened against ... Australian Gross Domestic Product · Forex Market Insight 06 /01/2011 .... using your favorite social networks and online news applications: ...
uk.ibtimes.com/.../eu-morning-report-euro-plummets-as-the-e...
World stocks, euro slip on euro zone debt crisis - International ...
World stocks, euro slip on euro zone debt crisis. Latest News in Equities ... Europe's policy options to avert a Greek debt default appear to be dwindling fast, .... FX Insights; Auto Journal. Entertainment Daily; Equities Center ...
in.ibtimes.com/.../world-stocks-euro-slip-on-euro-zone-debt-cr...
Greek PM to hold crisis talks with Juncker
RTE.ie
The Greek Prime Minister will hold talks on his country's debt crisis with the head of euro zonefinance ministers on Friday. Greek Prime Minister George Papandreou will hold talks on his country'sdebt crisis with the head of euro zone finance ...
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Europe struggles towards new Greek rescue deal
WXEL
EU officials say there is strong pressure from the Germans, Dutch and Finns to show that bondholders, and not just taxpayers, are sharing the pain and risks. Like so many key decisions since the start of the euro zone debt crisis 18 months ago, ...
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As international finance review looms, Bank of Greece chief calls euro exit ...
Washington Post
Tens of thousands of Greeks have taken part in weeklong protests outside parliament as the country prepares to introduce tougher austerity measures to cope with it's deepening debt crisis. The rallies were inspired by demonstrations in Spain, ...
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European debt crisis passes oil prices as biggest economic risk
My West Texas
It was widely reported that the ECB was worried that a move would raise worries about Greek banks and those elsewhere in the euro zone that are loaded up on Greek and other peripheral debt. Meanwhile, other euro-zone countries are open to Greece doing ...
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Forex focus: the pain in Spain
Telegraph.co.uk
At the same time the solid core of the Eurozone economy, namely Germany, is also starting to show some strain as the engine room struggles to maintain its current momentum of full-steam ahead. “The sovereign debt crisis in the eurozone continues to ...
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Telegraph.co.uk
Gold eases as Greek debt worries recede
Khaleej Times
LONDON - Gold eased on Wednesday after receding worries about Greece's debt crisis quashed some of the appetite among investors for safe havens, while the rise in the single European currency dented the euro price of bullion. Gold came off a four-week ...
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A 2008-Scale European Financial Crisis This Year? Niall Ferguson
EconomyWatch.com
Niall Ferguson The European debt sovereign crisis is back. Spain's government party gets trounced in local elections, Fitch cuts Greece's credit rating and S&P threatens to downgrade Italy. Bloomberg contributor talks about the situation in Europe: ...
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Dollar Comeback Produces Best Asset Returns for First Time Since November
Bloomberg
... debt crisis in Europe. (Source: Bloomberg) The dollar beat stocks, commodities and bonds in its first monthly gain since November, as the euro- region debt crisis deepened and evidence mounted that the global economic recovery is losing momentum. ...
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Trichet: Euro-Zone Economic Union Remains A Challenge
Automated Trader
... violate its limits on debt and deficits, none has ever been applied, because European governments have been loathe to punish each other for their excesses. After the financial crisis erupted, theEuropean Union moved to tighten economic governance. ...
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Are European cucumber wars the shape of things to come?
The Guardian (blog)
Cucumbers apart, the debt crisis is far from over. The IMF, which is a bit rudderless since Dominique Strauss-Kahn resigned as managing director, is insisting theeurozone agrees to new loans to the waterlogged Greek economy in 2012. ...
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The Guardian (blog)
Is Ireland the same as Greece?
Reuters Blogs (blog)
He was right about the financial crisis, now he has predicted a sovereign debt crisis (aka default) for Ireland in the next two to three years. This prediction comes at a delicate time for Europe'speriphery. Greece is staring into the abyss of default ...
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Comment: Politics may rule on GCC growth
Financial Times
Hence, monetary policy in Jordan is mostly US-focused while for Morocco it is eurozone based. Such considerations are important. The eurozone sovereign debt crisis has revealed the importance of co-ordinating monetary and fiscal policy to avoid ...
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Eurozone stability of 'utmost importance', says Merkel
Channel News Asia
On Tuesday, the Wall Street Journal had reported that German authorities might be willing to forego the country's insistence that private investors be required to take part in a new programme to tackle the debt crisis. But Kotthaus said Germany had ...
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European Shares Fall On Anxiety Over Global Economy
RTT News
With the global economic recovery facing serious headwinds and the Greek debt crisis still unresolved, markets failed to build on modest gains from the previous few sessions. The Euro Stoxx 50 index of eurozone blue chippers unofficially lost 1.08 ...
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Eurozone: Calming Inflation, Slowing Growth?
Seeking Alpha
As things stand, weakening retail sales in the periphery and an uncertain resolution to the situation ofdebt issues in the euro zone periphery suggest that there is scope for a pushing out of the rate hikes currently priced in to the short end of the ...
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Commodities Fundamental: Gold, Oil, Natural Gas
FXstreet.com
Crude oil prices rose on Tuesday as easing fears from the European debt crisis pushed the US dollar lower and encouraged investors to buy higher yielding assets including oil, which boosted crude oil prices to rise near $103 a barrel. ...
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Financial Times: The eurozone, as designed, has failed
AMERICAblog (blog)
by Gaius Publius on 6/01/2011 01:45:00 PM The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis. It has only two options: to go forwards towards a ...
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A Major Fiscal Crisis Looms If The U.S. Doesn't Start Fixing Its Debt Problems
Business Insider
Surprisingly, the study repudiates the common belief that Europe's debt problems are worse than those of the United States: The analysis predicts Europe's debt will rise to 72% of euro zone GDP, 155% in a worst-case scenario. ...
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How Europe's central banks are staving off catastrophe
Reuters Blogs (blog)
The chart of the day comes from Martin Wolf, who has an important column on the way that Europe's central banks have been staving off a full-scale eurozone crisis. What you see here is the amount of money that various individual European central banks ...
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Reuters Blogs (blog)
FOREX: Pound Vulnerable as PMI Figures Threaten Rates Outlook
Daily FX
The MSCI Asia Pacific regional equity index rose 0.4 percent, following Wall Street's lead as dissipating Euro Zone debt crisis fears encouraged an upswing in risk appetite. The New Zealand Dollar bucked the trend, down against the greenback as well as ...
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American government debt
The Economist (blog)
All signs in Europe point to deceleration, threatening to exacerbate the euro zone's crisis. Things should—should—turnaround as the year progresses. Moderating commodity prices will be good for growth, the Japanese economy should rebound, and America ...
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IMF warning, data fuel Nordic property bubble concerns
Forexyard
While the euro zone debt crisis has crimped growth in much of Europe, Scandinavian housing markets have risen steadily, fuelled by vibrant economies, low unemployment and historically low borrowing costs. Strategists and policymakers hope gradually ...
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Brazil Stocks Open Lower As Industry, EU Concerns Weigh On Market
Wall Street Journal
Debt troubles in Greece, Ireland, Italy, Portugal and Spain have weighed on the euro zone in recent months. Weaker-than-expected jobs data in the US also showed that the world's largest economy continues to advance in fits and starts. ...
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Indian stock market daily morning report (June 01, 2011, Wednesday)
Stock Markets Review
By Keynote Capitals - Indian markets witnessed a sharp rally and ended positive yesterday tracking a global rally after a new aid package for Greece eased concerns over the euro zone debt crisis. Investors shrugged off lower-thanexpected domestic GDP ...
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The emasculation of Greece
Investors Chronicle
But it is widely feared that if they did, Europe would be in for a rerun of the debt crisis. A year ago, with national debt heading past GDP of €320bn, Greece found itself unable to renew its borrowings. Its Euro-partners led by Germany rustled up ...
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Will Asia's cool down slow down the world economy?
TIME (blog)
The debt crisis in the euro zone isn't going away anytime soon, no matter what its befuddled leadership attempts to do. High commodity prices are here to stay as well. All that adds up to a global economy simply not strong enough to absorb unforeseen ...
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Time to load up on the EURO again
FXstreet.com
Gold prices are holding steady, supported by the ongoing debt crisis in the euro-zone boosting demand for the metal as an alternative asset. The weaker dollar sentiment is also creating a positive metal sentiment. Short term immediate pressure can be ...
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How to profit from Germany's nuclear freeze
MoneyWeek
"We'll try to solve the Greek problem by the end of June", says Luxembourg's Jean-Claude Juncker, speaking for the euro-area finance ministers. It will be a "definitive answer" to the country's debt crisis. Really? The Greeks have already eaten €110bn ...
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NYMEX-Crude dips on economic growth concerns
Reuters
[ID:nN3167536] * Gold eased as worries receded over Greece's debt crisis. [GOL/] * The euro rose and world stocks gained on expectations of progress on austerity steps and financial aid for Greece. [MKTS/GLOB] [FRX/] * Copper slipped on signs of ...
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US Treasuries confound bearish investors
Financial Times
Bank debt lagged behind by 66 basis points, the biggest relative drop in performance since May 2010, the height of the eurozone debt crisis. Dollar-denominated bonds sold by non-US banks, known as Yankee bonds, underperformed by 61bp. ...
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EU – A Flawed Foundation, But Brilliant Strategy?
Gold Seek
The colonies are no longer on the other side of foreign seas to be conquered, but rather part of theEuro zone. The essence of Mercantile Colonialism is to create a need for debt, then finance thatdebt and eventually exchange that debt for the ...
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US, European markets close higher
Sydney Morning Herald
If Berlin agrees to a second bailout - to follow the 110 billion euros ($A147.24 billion) EU-IMF rescue in May 2010 - then the sting should be drawn from the eurozone debt crisis, allowing time for a more permanent solution. In London, the benchmark ...
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US Stocks Retain Momentum Despite Weak Economic Data
123Jump.com
The UK indexes rose on optimism of a resolution to Greece's debt crisis. The British Chambers of Commerce lowered economic growth projections for the UK and home prices fell in May. Serco agreed to acquire India-based Intelenet for £385 million. ...
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E Pluribus Unum
Resource Investor
... the second act of the Greek debt tragedy – now appears to be the factor that is tempering its attempts at advancing past the $1540 mark. The closer speculators feel that the EU is drawing to a resolution of some kind to the reignited crisis, ...
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Morning MarketBeat: ISM Report, ADP Jobs News and More Greece
Wall Street Journal (blog)
But as has been the case throughout the euro-zone crisis, it is a muddle-through moment, as opposed to a Big Fix that might put the fiscal problems for Greece (and Ireland and Portugal) to rest for good, let alone for an extended period. ...
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MONEY MARKETS-ECB rate hike bets may rise again, but data key
Reuters
An easing of immediate Greek debt concerns would increase the European Central Bank's flexibility to hike interest rates. The December Euribor contract FEIZ1 has risen 40 basis points since euro zone officials first mentioned the word "restructuring" ...
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Portuguese election risks creating stalemate
Today's Zaman
As well as damaging prospects for national recovery, political uncertainty in Lisbon could undermine efforts to draw a line under the debt crisis that has tormented the 17-nation eurozone for more than a year and could yet spread to bigger countries ...
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Today's Zaman
US job creation slows
CBC.ca
London-based Markit economics said its index of factory activity in the UK showed the slowest growth in two years and that manufacturing growth in the euro zone fell a seven-month low. Market attention has also been on Europe's debt crisis, ...
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Investment landscape is changing fast
MarketWatch
While credit risk mattered in 2008 during the banking crisis, I can't emphasize enough how little that matters today -- and please consider that this comes from someone whose principal focus everyday is the financial services industry. ...
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Turkey may survive Greek storm, analysts say
Hurriyet Daily News
However, the exposure of Greek and eurozone banks to Athens government debtcould create unexpected problems in Turkish banking. According to estimates, Greek banks hold around 45 billion euros of government debt A pedestrian walks past a branch of the ...
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Hurriyet Daily News
To borrow a phrase, Minister
Irish Times
As the euro zone debt crisis has unfolded, Ireland has lost credibility and sustained major reputational damage at various levels – government, public service, banking and business – which the Fine Gael Labour Government is attempting to regain and ...
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Fiat Currency or Gold?, Eurozone
The Market Oracle
Could Greece be the 'finger in the dyke' whose failure triggers the next world financial crisis. I don't know enough to say definitively that will prove to be the case. However, if Greece defaults on its debtfrom what I have been reading and hearing I ...
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Europe Locked In 'Very Chaotic' Debate Over Greek Crisis, Official ...
By The Huffington Post News Team
Europe Locked In 'Very Chaotic' Debate Over Greek Crisis, Official Says. Greece Debt Crisis. First Posted: 05/31/11 04:20 PM ET Updated: 05/31/11 04:20 PM ET. React. Inspiring Greedy Typical Scary Outrageous Amazing Innovative Infuriating .... BRUSSELS (AP) — European officials are locked in a heated debate over whether – and how – to give more aid to debt-ridden Greece just as a much- delayed examination of the country's finances draw... Related News On Huffington Post: ...
Greece on Huffington Post - http://www.huffingtonpost.com/news/greece
Open Europe blog: Greece leaving the EMU: From taboo to fashionable?
By Open Europe blog team
The speculation really kicked off when Der Spiegel revealed that a "crisis meeting" had been called in Luxembourg, following rumours that the Greek government was considering leaving the eurozone(although the main topic on the agenda for that ... Writing in De Telegraaf, former Dutch Finance Minister Willem Vermeend argued that "Greece should leave the euro", given that it will never be able to pay back its debt. In an interview with Handelsblatt, German FDP MP Frank ...
Open Europe blog - http://openeuropeblog.blogspot.com/
Euro has a bumper day | Olive Press Newspaper | News
By Smart Currency Spain
Despite a quiet day for data, progress on the euro zone debt crisis saw a surge in demand for theeuro. Sterling fell as much as 0.9% against the single currency after news was released that Germany would make concessions on efforts to help Greece avoid a ... EU leaders will soon decide on additional aid for Greece. May 31, 2011 | Business & Finance. Yesterday Jean-Claude Juncker (head of group euro-area finance ministers) ruled out a “total restructuring” of Greek debt ...
Olive Press Newspaper - http://www.theolivepress.es/
Costarikker: Greek debt restructuring
By Costarikker
Its financial downfall will only place doubt on any other member state within the Euro-currency zone, aka the Eurozone, concerning their fiscal debt and ability to pay. Doubt is more deleterious than working through the debt. .... This is not a crisis caused by speculators or greed or capitalism. It is acrisis of governments and regulations, i.e. governments that borrowed too much and regulators that encouraged banks to lend those governments too much. ...
Costarikker - http://costarikker.blogspot.com/
Greece could change the negative picture, but only through ...
By mihaela
Banking crises are much worse and complicated to resolve than the crises of the government debt. Therefore, we should be very careful when we tell the truth about the real "architectural" problem of the Eurozone today." ...
GRReporter.info- News from Greece... - http://www.grreporter.info/en/
FOREX: Yen Falls on Rating Cut Threat, Dollar Sold Amid Easing EU Debt
Forex: Euro Rallies As EU Considers Second Bailout For Greece, U.S. Dollar ... Dollar Sold as Easing Euro Zone Debt Crisis Fears Boost Risk Appetite ..... DailyFX provides forex news on the economic reports and political events that ...
www.dailyfx.com/.../FOREX_Yen_Falls_on_Rating_Cut_Thre...
Greek euro-zone debt crisis worsening again by a new round of fear ...
Finance-ol.com: Home>>Financial News>> Reading ... Therefore, the euro was suppressed in May against the U.S. dollar has fallen 4%. ... Today, once again precarious debt crisis, the EU and the International Monetary Fund rescue loan to ...
www.finance-ol.com/.../greek-euro-zone-debt-crisis-worsenin...
BBC News - Markets hit by continuing eurozone debt crisis
BBC News - Markets hit by continuing eurozone debt crisis · 253 tweetsretweet. WWW.BBC.CO.UK - Euro debt crisis rattles markets http://goo.gl/fb/WnvwC #news ...
tweetmeme.com/.../bbc-news-markets-hit-by-continuing-euroz...
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