Today: EUROZONE Crisis News, Nov 22, 2011

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Nov 22, 2011

EUROZONE Crisis News, Nov 22, 2011



Analysis: Bank repatriation insulates euro, drains world
Reuters
By Mike Dolan LONDON (Reuters) - European bank money is heading home as the sovereign debt crisis reaches a crescendo, insulating the euro exchange rate but threatening a credit shock to challenge policymakers worldwide. To the extent this is being ...
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EURO GOVT-Spain bill yields soar, pressuring periphery
Reuters
Fitch Ratings said the new government must surprise markets with a radical fiscal and structural reform programme if it is to improve expectations of its capacity to grow and cut debt within the confines of the euro zone. "It doesn't look great, ...
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MONEY MARKETS-Debt stress forces more bank borrowing at ECB
Reuters
By William James LONDON, Nov 22 (Reuters) - Euro zone banks increased their borrowing at the European Central Bank to the highest level in two years on Tuesday, highlighting the growing difficulty of sourcing funding from interbank markets as the ...
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Stocks Slump as Treasuries Rise on US Budget; Euro Trims Loss
BusinessWeek
Commodities fell, while the euro trimmed its earlier decline versus the dollar. The Standard & Poor's 500 Index lost 1.9 percent to close at a six-week low of 1192.98 at 4 pm in New York. The MSCI All-Country World Index sank 2.3 percent in its first ...
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France's AAA Status in Tatters as Yields Surge: Euro Credit
San Francisco Chronicle
"The market is concerned about the dissolution of the euro itself, hence only bunds are acting as a safe haven," said Richard McGuire, a fixed-income strategist at Rabo Bank International in London. Germany is the region's largest nation. ...
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Spanish Auction Caps Euro
Wall Street Journal
By JESSICA MEAD LONDON—Concerns over the weakening global economic outlook and the euro-zone debt crisis reined in a move higher against the dollar Tuesday in a quiet trading session. The euro ran into large sell orders above $1.3550 against the ...
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Euro-Zone Government Bond Yields Jump Higher
Wall Street Journal (India)
By Nick Cawley and Neelabh Chaturvedi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Euro-zone bond markets suffered another sell-off Tuesday, with investors especially dumping short-term debt after Spain was forced to pay a heavy price to auction its ...
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EU's Rehn: euro "redemption fund" worth studying
Reuters
BERLIN Nov 22 (Reuters) - The European Union's economic affairs chief Olli Rehn said on Tuesday that a proposal from the German government's panel of independent economic advisors for a euro zone debt redemption fund was worth further scrutiny. ...
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Forex Processor Testing Euro Breakup Scenarios
Wall Street Journal
By EVA SZALAY LONDON—Settlement system CLS Bank International—the backbone of the foreign-exchange market—is running stress tests to prepare itself for the possible breakup of the euro, people familiar with the matter said Tuesday. ...
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Euro-Region November Consumer Confidence Hits Two-Year Low on Job Concern
Bloomberg
22 (Bloomberg) -- Norbert Aul, a rates strategist at RBC Capital Markets, discusses political divisions over the European Central Bank's mandate and proposals for a joint euro-area bond. He talks from London with Francine Lacqua on Bloomberg ...
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Bloomberg
Will Merkel Change Her Tune on Euro Bonds?
Spiegel Online
AP Brussels on Tuesday intensified pressure on Berlin to consider a new proposal for the implementation of euro bonds, but resistance from Merkel's center-right coalition remains fierce. Still, as the euro crisis grows increasingly dire, ...
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Spiegel Online
Euro Gains on Bank Plan; Dollar Pares Losses After Growth Data
San Francisco Chronicle
22 (Bloomberg) -- The euro advanced against most its major peers after Michel Barnier, the European Union's financial-services chief, said he was putting finishing touches on a draft law on creditor writedowns at failing banks "as soon as possible. ...
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European shares bounce from weakness; banks gain
Reuters
By Brian Gorman LONDON, Nov 22 (Reuters) - European shares rose on Tuesday, bouncing from a steep sell-off in the previous session and after Wall Street finished off its lows, though gains were set to be capped by worries over high euro zone and US ...
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Euro zone debt hit to Australia
Sydney Morning Herald
Photo: Louie Douvis THE euro zone debt crisis threatens to spill over into Australia by pushing up bank funding costs and causing European banks to cut their exposure to Asia, economists have warned. The latest bout of market turmoil deepened yesterday ...
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Sydney Morning Herald
Euro Not As Strong Against Non-USD Assets
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ...
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Option bets on lower euro trimmed but may return
Reuters
By Neal Armstrong LONDON, Nov 22 (Reuters) - Options traders are trimming bets on aeuro zone break-up or major fall in the currency but such trades are likely to be re-established while a solution to the debt crisis remains out of reach and the ...
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Euro Woes: A Crisis Of Solvency Or Liquidity?
Seeking Alpha
As we continue seeing interest rate spreads increasing in the euro area, we keep asking the question of whether this is a crisis of solvency or liquidity. The fact that interest rates keep increasing makes it more difficult for governments to meet ...
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Euro zone troubles to hit Irish exports
Irish Times
Euro zone troubles will negatively affect Irish exports in the coming quarters, though Ireland's improving competitiveness may help to offset the challenges, according to a new report. The inaugural Investec Ireland Export Analysis Report (I –EAR) ...
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Greek FinMin says euro zone faces deflation risk
Reuters
ATHENS Nov 22 (Reuters) - Greece's finance minister said on Tuesday the European Central Bank's strong focus on price stability risked tipping the euro zone into deflation as the economy of the 17-member currency area slows sharply. ...
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Keeping a Wary Eye on the Euro Zone
New York Times
James Millard, chief investment officer at the Skandia Investment Group, said he believed the euro would survive. ''The cost to both the countries that leave and those that stay would be huge, with the cost of exit far higher than the cost of staying. ...
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Euro Blind
New York Times (blog)
By SIMON CRITCHLEY The past days, weeks and months have seen countless descriptions in the news media of the crisis in the euro zone and Greece's role as its leading actor as a tragedy. But is it? Well, yes, but not in the sense in which it is usually ...
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New York Times (blog)
Euro crisis: Minor impact on construction equipment industry
Hindu Business Line
Photo: GRN Somashekar Impact of euro zone crisis is likely to have minor impact on the construction equipment industry in India. Addressing a press conference, Mr Vipin Sondhi, Chairman, Excon 2011 and Managing Director and Chief Executive of JCB India ...
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Hindu Business Line
Euro Up and Dollar Slides As US Credit Rating Is Safe For No
Active Investor
The Euro is up today with the EUR/USD pair sitting at 1.3516 right now, a change of 0.0026 as investors don't have to worry about any credit rating downgrades on US debt right now. The dollar was also weaker against the Canadian dollar (USD/CAD) and ...
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Euro will drop as investors stop repatriating: Nomura
Financial Post (blog)
The euro will drop by the end of the year as the region's sovereign-debt crisis deepens, pressuring investors who have buoyed the currency by repatriating assets to rethink their strategy, according to Nomura Holdings Inc. The 17-nation currency has ...
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Euro Zone Bond Yields Rising Again
Wall Street Journal (blog)
Oh, MarketBeat, you say all sassy like, do tell, what are euro zone yields doing today? MarketBeat's got half a mind not to tell ya! If MarketBeat had its way, it'd chase you right off its lawn and be done with you! Bond yields in Belgium, ...
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11/21 AEP: Double Dose of bad Euro News
By John Galt
By John Galt November 21, 2011 – 21:45 ET From Ambrose Evans-Pritchard of the U.K. Telegraph; read them and weep for our friends in Europe: Self-serving myths of Europe's neo-Calvinists Hungary turns to IMF as stress mounts in Eastern ...
Shenandoah
Euro Higher for Now, But Debt Remains a Problem — Forex News
By MMarquit
For now, euro is getting a bit of a boost after some choppy trading yesterday, and a flight to safety for markets. Middle East demand has helped support the euro up until now in today's Forex trading, but that could easily fade. Indeed, many ...
Forex News
Forex - Euro higher vs. most rivals as risk appetite recovers By ...
By Forexpros
Forex - Euro higher vs. most rivals as risk appetite recovers.
Forex Pros RSS News Feed | Forex News
European Bond Markets Continue to Show Signs of Stress | News ...
By GembeL
PARIS — European stocks gave up early gains and Wall Street appeared headed for a weaker opening on Tuesday, after revised data showed the United States grew.
News and Breaking News
XE.com - Forex: Euro Consolidation Ahead, Outlook Remains Bearish
Market sentiment picked up on Tuesday as European policy makers increased their pledge to address the sovereign debt crisis, but the rise in financing costs continues to cast a dour outlook for the region as market participants see ...
XE Forex News
France's far-right candidate Marine Le Pen unveils vision : Euro ...
By Euro-Islam
Euro-Islam: News and Analysis on Islam in Europe and North America. Looking for something in particular? Home · About Us · Projects · Affiliates · Sponsors · Past Research (2001-2003) · News Coverage · By Country · General News ...
Euro-Islam: News and Analysis...
UEFA pleased with Euro 2012 preparations, says Ukraine
UEFA pleased with Euro 2012 preparations..."In recent years Ukraine has made significant...He added that all four stadiums in Ukraine are rea...On security during the championship, Lubkivsky sai...The Euro 2012 soccer championship, ...
Daily News Headlines | Today's...
Vicente del Bosque: 'We cannot gloat because of World Cup and ...
Champions League 2011-12 Home · Champions League 2011-12 News · Champions League Fixtures/Results · Europa League · Europa League Home · Europa LeagueNews · Europa ... The Spanish are among the favourites for the Ukraine and Poland showpiece, but del Bosque insists that their successes at Euro 2008 and the World Cup last year give his side no right to be complacent next summer. "The challenge ahead is to do the best possible, because we have an added ...
Goal.com News - International
Oman sees GCC largely unaffected by Euro crisis: Frost and ...
According to Frost & Sullivan, banks in the GCC region are relatively immune to theEuro crisis as their exposure to the European country's debt is limited. However, in the event ... in. AMEinfo.com, News, Company Database, Events. Advanced ...
ExcitingAds! AME Info Latest News
EUR/USD: Euro continues to decline, following ... - GCI Forex News
By GCI Financial
For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3485, as concerns over France losing its AAA credit rating spurred investors' to flock to safe-havens assets. Moody's Investors Service cautioned that rising ...
GCI Forex News
Macedonian film sparks anger in Bulgaria | euronews, cinema
cinema - A new Macedonian film is causing controversy in Bulgaria. 'Third half time' is set against the backdrop of the World War II, during a period when the ...
www.euronews.net/.../macedonian-film-sparks-anger-in-bulga...
Bottom Line - Wall Street opens lower amid earnings, euro news
By msnbc.com news services U.S. stocks slipped at the start of trading Monday. The Dow Jones industrial average was lately down over 60 points. Retailers are ...
bottomline.msnbc.msn.com/_.../8798071-wall-street-opens-lo...
Euro News Sends Markets Higher with Nokia (NOK) and Pandora (P ...
At the halfway point... Stocks popped this morning after Italy passed a set of economic reforms that pave the way for Prime Minister Silvio Berlusconi to...
www.marketintelligencecenter.com/newsbites/1314805
More positive euro news boosts oil - RTÉ News
Oil prices rose this evening as steps by Italy and Greece and improved US consumer sentiment helped lift crude.
www.rte.ie/news/2011/1111/oil-business.html
euronews focus - Kiev unveils Euro 2012 stadium - YouTube
http://www.euronews.net/ On November 11 Ukraine met Germany in a friendly game in ...
www.youtube.com/watch?v=owoOZ-vn0r0
Dow bounces back on positive Euro news - Spokesman.com - Nov ...
Stocks surged Friday, erasing their losses for the week, after Italy and Greece moved closer to forming new governments and getting their financial crises under ...
www.spokesman.com/.../dow-bounces-back-positive-euro-ne...
U.S. Stocks Fall on Euro News – But Not For Long? - Real-Time ...
Real-Time Advice: The Dow sank today as a spike in Italian borrowing costs spooked investors. But some pros suggest U.S. stocks may be starting to break free ...
blogs.smartmoney.com/.../u-s-stocks-fall-on-euro-news-–-but-...
Eastern Euro News: Sartison, Vlasov, Fedchenko, More - Boxing News
Eastern Euro News: Sartison, Vlasov, Fedchenko, More - boxing news.
www.boxingscene.com/eastern-euro-news-sartison-vlasov-fed...
Scoop Business » NZ dollar gains as market digests Euro news ...
NZ dollar gains as market digests European news, doubts linger on progress. By Paul McBeth. Nov. 11 (BusinessDesk) – The New Zealand dollar gained in ...
business.scoop.co.nz/.../nz-dollar-gains-as-market-digests-euro...
euronews reporter - Catalonia: The effect of the cuts to the health ...
http://www.euronews.net/ The Spanish region of Catalonia is making huge cuts to the budget ...
www.youtube.com/watch?v=CzfCtBneq5k
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