EUROZONE’s Junker on the Wires
May 29, 2009 by Danish FX · Leave a Comment
EU’s Junker: Does not yet see the end of financial crisis
- Answers to toxic assets are satisfactory
EUROZONE’s Almunia on the Wires
May 25, 2009 by Danish FX · Leave a Comment
Almunia: Have so far seen scarce signs of recovery in the global economy
EUROZONE’s Almunia on the Wires
May 4, 2009 by Danish FX · Leave a Comment
EU’s Almunia: Seeing positive signs about Euro-Zone economy recently however outlook remains ‘gloomy’
- More needs to be done to treat impaired assets on banks balance sheets
- Gov’t bond spreads have narrowed
- Tentative recovery in stock markets
- Expects downturn to bottom in H2 of 2009
- Does not see serious risks of deflation in Euro Zone
- Note: According to EU commision projections, 2009 Irish Deficit forecast at 12% of GDP, 2010 Deficit seen at 15.6% of GDP, 2009 Irish GDP seen at -9.0%, 2010 GDP seen at -2.6%
Bobbys Corner-Open Market-4.7.2009
April 7, 2009 by Bob Slade · Leave a Comment
Good Morning:
Signs that the recession in Europe is worse than expected was confirmed with a report that GDP in the Eurozone dropped 1.6%. Household spending, and investments also plunged during the period. The crisis is forcing a reduction in output and jobs throughout the region.
World equity markets dropped and US futures are also pointing to a lower opening. Comments by George Soros that the present market is a “bear market rally”, and investors should be prepared for a turnaround in the marketplace. Alcoa will announce Q1 results after the bell today. Alcoa will be the first Dow stock to announce earnings-and estimates are for a reported loss.
Oil:$50.25 Gold:$874.20
No major economic data due out today.
HAVE A GREAT DAY & GOOD LUCK
EUROZONE GDP Released
April 7, 2009 by Danish FX · Leave a Comment
The EU Fourth Quarter GDP came out at -1.6%, down from the previous -1.5%. No change from the -1.5% was forecast.
The EUR, which was right near session lows just before this data, did push right through after this weaker than expected number. The USD is very bid across the board now on risk aversion and the EURUSD broke below the 1.33 handle.
EUROZONE Data Released
April 6, 2009 by Danish FX · Leave a Comment
The EU Retail Sales came out at -0.6% from the previous 0.1%. A drop to -0.3% was forecast.
The EU PPI came out as forecast at -0.5% from the previous -1.1%.
EUROZONE Sentix Investor Confidence Released
April 6, 2009 by Danish FX · Leave a Comment
The EU Sentix Investor Confidence came out at -35.3 from the previous -42.7. A rise to -40.7 was forecast.
The Financial Times Comments on EU Housing Prices
April 6, 2009 by Danish FX · Leave a Comment
Financial Times comments on Euro-zone housing prices
- Notes that the declines in Euro-zone property prices are receiving less attention than US and UK markets.
- The FT’s euro-zone house price index showed that the house prices in the 16-country eurozone in the final 3 months of 2008 were 4.8% lower on the year.
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