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Dec 9, 2011

EUROPEAN UNION News, Nov 09, 2011


European summit: Now it's up to the ECB
CNN
The summit made real progress in both of these regards. First, leaders agreed to bring forward the new European Stability Mechanism, or ESM, to the middle of next year. The ESM is a €500 billion fund that should work much better than the current ...
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What the European summit must accomplish
CBS News
The outcome of the European summit is important not just for the future of Europe and the European Union, but also for the US If Europe doesn't get its problems under control and conditions deteriorate further, that will affect the ability of the US...
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Tensions Rise at EU Summit
Wall Street Journal
European Union leaders failed to get all of the bloc's 27 members to back a change in the EU treaty to tighten their fiscal coordination as a decisive summit in Brussels ended its first day in the early hours Friday. The leaders, who are still deeply ...
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Wall Street Journal
Brent steady around $108 on EU summit, China report
Reuters
Cartsen Fritsch, analyst at Commerzbank, said some investors were disappointed at the outcome of the European Union summit: "The market had expected a bit more from the summit." "Will this be enough to avoid (a) downgrade? Probably not," Kilduff said. ...
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Oil Extends Weekly Decline After European Summit Disappoints
BusinessWeek
EU governments will consider imposing stiffer sanctions on Iran, OPEC's second-largest oil producer after Saudi Arabia, amid “serious and deepening concerns” over the country's nuclear program, according to a draft EU summit statement. ...
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EU Summit Results: Analysts React
Wall Street Journal (blog)
By Mark Gongloff The EU Summit to End All Summits, Until the Next Summit, has wound down, and US stock markets, at least, are more or less cheering the results. Analysts, however, are being a little more reserved in their judgment. ...
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GLOBAL MARKETS-Jury out on EU summit as talks continue
Reuters
By Richard Hubbard LONDON Dec 9 (Reuters) - Extremely volatile trade on European stock and currency markets on Friday reflected doubts about the outcome of a crunch EU summit after leaders agreed stricter budget rules but made little other progress in ...
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FTSE slips in choppy trade on EU summit doubts
Reuters
By Tricia Wright LONDON, Dec 9 (Reuters) - Britain's top shares fell slightly on Friday in choppy trade as hopes waxed and waned that a European summitwould take significant steps towards solving the region's debt crisis. Disappointingly for investors ...
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FTSE up as EU summit provides hope but no debt bazooka
Reuters
By David Brett LONDON Dec 9.
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Heating Oil Falls on European Summit Outcome, Dollar Gains
BusinessWeek
9 (Bloomberg) -- Heating oil fell as a European summit on the region's fiscal crisis ended with disagreements on solutions, increasing concern that the euro-area economy will falter and curtail diesel fuel demand. Futures headed for a weekly decline as ...
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European Markets Rise Amid EU Summit
NASDAQ
(RTTNews.com) - The European markets are in positive territory in afternoon trading Friday, recovering from some early weakness, as investors anxiously wait for the conclusion of the EU Summit. The Asian markets fell across the board while the US index ...
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Initial Verdict on European Summit: the Can Got Kicked Further Down the Road
Wall Street Pit
In taking such a stance, Cameron basically isolated himself from the proceedings of the summit. The response of Financial Times editorial writer Wolfgang Münchau: “So we have two crises now. A still-unresolved eurozone crises and a crisis of the...
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U.S. Stock-Index Futures Gain After EU Summit; Cooper Companies Advances
Bloomberg
“Speculation will continue to swirl over what's coming from Europe,” Mark Luschini, chief investment strategist at Philadelphia-based Janney Montgomery Scott LLC, which manages $54 billion, said in a telephone interview. “In terms of the summit leading ...
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Bloomberg
European Summit Brings iShares MSCI EMU ETF Into Sharp Focus
Seeking Alpha
Equity indexes took a dive lower as many investors stepped to the sidelines in anticipation of today's key European summit in Brussels. Selling pressures hit Wall Street on Thursday after the European Central Bank cut rates as expected, ...
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EU Summit: Does Euro Have Chances To Survive?
«Market Leader» - news and previews making you rich.
The anti-crisis EU summit in Brussels is going on. The final resolution hasn't been worked out yet. However yesterday's session suggested a pessimistic scenario for the future of the eurozone and its currency. Unity is the main power that could support ...
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«Market Leader» - news and previews making you rich.
Not expecting any quick fix from EU summit, says Finaport
Moneycontrol.com
In an interview with CNBC-TV18, Hans Goetti, CIO Asia of Finaport spoke about his reading of the European summit and his outlook.
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Can the EU Summit Stem the Crisis?
YouTube
The EU summit's potential for stemming the eurozone debt crisis hinges on Germany, says CFR's Sebastian Mallaby. "The central question in the European summit is whether there can be enough rule building to satisfy Germany, in order to liberate enough ...
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EU Summit to Disappoint But Markets Supported by Official Action
DailyFX
The move by the ECB now puts much more pressure on EU leaders and aggressive action needs to be taken to address the Eurozone crisis. The EU Summit appears to be a big disappointment as many had already been anticipating, but early dips in the Euro and ...
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Looming European Summit Kept Base Metals On Steady Mode
India Infoline.com
Base metals were steadied on Friday after trading with a negative bias during the mid morning, latched onto the developments at the European Union summit at Brussels today. Even the China CPI moderated more than expected to 4.2% yoy in November was ...
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METALS-Copper up as markets cheer EU summit progress
Reuters
European leaders agree tighter budget rules * China inflation, industrial output drop, more easing seen By Maytaal Angel LONDON, Dec 9(Reuters) - Copper rose on Friday after European leaders agreed to tighter euro zone budget rules at asummit aiming ...
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European Union summit agreement: the main points
The Guardian (blog)
European Union leaders agreed on a new "fiscal compact" to tackle the eurozone's debt crisis on Friday, but failed to win consensus for it to be backed by a new 27-state treaty after Britain held out for safeguards to its financial sector. ...
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The Guardian (blog)
NZ Dollar Down Late As Developments At European Summit Disappoint
Wall Street Journal
WELLINGTON (Dow Jones)--The New Zealand dollar was sharply lower late Friday on fear that the ongoing European Union summit won't deliver a decisive solution to the region's sovereign-debt crisis. Market participants were disappointed by news that the ...
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Canadian Bonds Weaken As Investors Await EU Summit Results
Wall Street Journal
By Satish Sarangarajan Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canadian government bond prices weakened Friday as risk assets rose in anticipation of fresh details from the European Union summit in Brussels. The EU summit -- which is widely ...
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Seoul shares slide as EU summit hopes fade
Reuters
Euro zone's failure to agree on treaty change stokes fear * S.Korea c.bank's drastic GDP forecast cut dims outlook * Brokerages lead losses By Joonhee Yu SEOUL, Dec 9 (Reuters) - Seoul shares fell on Friday after hopes for a European Unionsummit faded ...
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Sterling near 1-mth high vs euro; jury out on EU summit
Reuters UK
By Jessica Mortimer LONDON, Dec 9 (Reuters) - Sterling stayed close to a one-month high versus the euro on Friday, with a choppy morning session reflecting uncertainty over the outcome of a European summit that did little to impress markets overnight. ...
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Britain and the EU summit: Europe's great divorce | The Economist
By Charlemagne | BRUSSELS
WE JOURNALISTS are probably too bleary-eyed after a sleepless night to understand the full significance of what has just happened in Brussels. What is clear is that after a long, hard and rancorous negotiation, at about 5am this morning the ...
Charlemagne's notebook
Bottom Line - Stocks move up after Europe summit results
By msnbc.com news services U.S. stocks moved higher Friday after EuropeanUnion leaders agreed on measures that partially addresses the region's crippling sovereign debt crisis.
Newsvine - Bottom Line - Articles
The Entire European Summit In One Genius Venn Diagram
By Joe Weisenthal
Tomorrow, European leaders are supposed to cook up their solution to theEuropean crisis. Sadly, this Venn diagram, posted on twitter by the brilliant @pawelmorski, is all you need to know. ...
Money Game
nwhyte: EU summit analysis
By Nicholas
I have posted a list of those attending the EU summits at the end of each of the last three semesters ( here , here and here ). Unfortunately I made a fairly serious mistake in all three posts, in that I had Romania and Lithuania represented by ...
From the Heart of Europe
Economist's View: The European Summit
By Mark Thoma
I have some comments on the European Summit: What the European summitmust accomplish.
Economist's View
LEAKED EU SUMMIT DRAFT SHOWS NO BAZOOKA | PRAGMATIC ...
By Cullen Roche
A leaked draft of this week's EU summit shows little change in coming policy and certainly nothing close to what is needed to resolve the Euro crisis. Via.
PRAGMATIC CAPITALISM
All night EU summit sees new promises, new tensions | TradingFloor ...
By John J Hardy
Outlines of EU summit deal becoming clear, as the EU announced that a treaty change will be written by March. Meanwhile, the market is clearly underwhelmed by new measures put forward at the summit.
TradingFloor.com
Fuel Fix » Asian stocks drop on European summit doubts
By FT.com - Energy
... on December 8, 2011 at 10:26 pm by FT.com - Energy in. 274. |. Tweet. Share share E-mail. As summit talks drag on, investors worried that European leaders could fail to come up with a convincing plan to resolve the eurozone's debt crisis ...
Fuel Fix
Forex – EUR/USD Firms On EU Summit Progress
By Forexpros
Forexpros – The euro rose against the dollar on Friday as the market digested conclusions of an EU summit, where member nations decided to move forward toughening fiscal policies even it meant somewhat isolating neighboring trading ...
DailyMarkets.com
UK Bubble, UK Economy: The EU summit; some quick observations
By Alice Cook
The EU summit; some quick observations. Here are my quick observations on the outcomes of the EU summit. The UK's decision to opt out has soaked up all the attention. The Guardian calls it "isolation", as if it were a bad thing to stop running...
UK Bubble, UK Economy
Europe summit: 'The world is watching us' - Dec. 8, 2011
Under pressure to deliver a decisive solution to the debt crisis, European leaders sat down Thursday evening in Brussels to begin rethinking the basic structure ...
money.cnn.com/2011/12/08/news/.../european_union_summit...
Markets End Lower Ahead of European Summit - NYTimes.com
Stocks fell after the head of the European Central Bank indicated he was cautious about future bond purchases after the bank cut its main interest rate.
www.nytimes.com/2011/12/.../daily-stock-market-activity.htm...
Markets jolted as hopes for EU action wane | Reuters
Thursday's developments deflated some hopes that policymakers will be able to agree on a credible plan at an EU summit getting underway that will reassure ...
www.reuters.com/.../us-markets-global-idUSTRE7B702H2011...
Stocks rally as traders parse EU summit - FT.com
Trading is volatile as investors struggle to figure out whether they are pleased or disappointed with the outcome of the European summit in Brussels. Fears that ...
www.ft.com/.../d6960d76-2219-11e1-8b93-00144feabdc0.ht...
Tensions Rise at EU Summit - Wall Street Journal
European Union leaders failed to get all of the bloc's 27 members to back a change in the EU treaty to tighten their fiscal coordination as a decisive summit in...
online.wsj.com/.../SB10001424052970203501304577086030...
Market Holds Breath Ahead Of European Summit - Forbes
Market Holds Breath Ahead Of European Summit. 0 comments, 0 called-out. + Comment now. + Comment now. Friday marks yet another round of talks with ...
www.forbes.com/.../market-holds-breath-ahead-of-european-s...
Wall Street has close eye on European summit – USATODAY.com
The fate of the year-end rally on Wall Street will hinge on whether Europe's leaders can restore investor confidence in the eurozone.
www.usatoday.com/money/perfi/stocks/story/2011-12.../1
EU agrees closer fiscal ties; Britain opts out - MarketWatch
Most European Union leaders agree to new tough fiscal rules, but Britain rejects the deal.
www.marketwatch.com/.../europe-summit-fails-to-reach-full-a...
EU summit signals crunch time for Cameron at home and abroad ...
Prime minister arrives in Brussels for European summit amid demands for referendum and accusations of 'obnoxious' tactics.
www.guardian.co.uk/politics/2011/.../eu-summit-david-camer...
Britain and the EU summit: Europe's great divorce | The Economist
Britain and the EU summit. Europe's great divorce. Dec 9th 2011, 8:03 by Charlemagne | BRUSSELS. Tweet. WE JOURNALISTS are probably too bleary- eyed ...
www.economist.com/blogs/.../2011/12/britain-and-eu-summit
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