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| EMU DATA: December industry output sa -0.1% m/m, wda. Posted: EMU DATA: December industry output sa -0.1% m/m, wda +8.0% y/y -- EMU December industry output m/m below MNI median fcast (unch) -- EMU November ind output rev up +1.4% (+1.2%) m/m, +7.9% (+7.4%) y/y -- EMU 4q industry output +1.7% q/q; 3q +1.0%; 2q +2.4% -- EMU December ... |
| Posted: Compared to +0.3% in Q3. Up 1.2% y/y in Q4 compared to +1.4% in Q3. 2010 GDP +1.4%, down from +2.5% in 2009. |
| Euro zone December industrial production -0.1% m/m, +8.0% y/y Posted: Pretty much as expected. Median forecasts flat, +8.1% respectively. |
| France’s Lagarde says hopes to reach agreement on indicators to measure global imbalances this week Posted: Says G20 seeing norms to govern the accumulation of international reserves China must meet conditions on yuan convertibility and opening current account to enter IMF's SDR France is not proposing controls on commodities prices as some developing countries suspect |
| Posted: The European Commission has set February 15th (tomorrow) as deadline for revamp of troubled WestLb in return for state bailout received in the financial crisis. Despite heavy weekend negotiations a deal has still not been agreed upon. If no solution is found BAFIN would be charged with closing the bank down. |
| EMU FinMins Nominate Belgium’s Praet To ECB Executive: Press Posted: FRANKFURT (MNI) - The European Central Bank's Governing Council will become a men's club, at least for the time being, if a German newspaper report issued Monday turns out to be true. German business daily Frankfurter Allgemeine Zeitung says that Eurozone Finance Ministers will ... |
| Reserve Bank of India buys EUR/USD Posted: In recent trade. We're at 1.3481 from session low 1.3472. The Reserve bank of India buying seems like just some profit-taking. Last week they were notable sellers up in mid 1.36's. Nice job!!! |
| Source says savings banks so far blocking WestLb rescue Posted: This is the news which has prompted EUR/USD to slide below 1.3500 to session low 1.3472. We're presently at 1.3485. Apparently WestLB rescue hangs in the balance BAFIN regulator present in talks for first time at high level Talks will continue Tuesday |
| Germany EconMin: 2011 GDP Growth May Top Forecast 2.3%; Press Posted: BERLIN (MNI) - German economic growth this year could be larger than the 2.3% forecast by the government last month, Economics Minister Rainer Bruederle said in a newspaper interview published Monday. "It can be more than that. I'm optimistic," Bruederle ... |
| Posted: Reports Asian sovereign has been selling both EUR/USD and GBP/USD in recent trade. EUR/USD back down at 1.3535, cable at 1.6060. Is it me, or does it feel like Monday morning? UPDATE: Couple of UK clearers also notable sellers EUR/USD in latest leg lower. |
| Update: Germany No Longer Claiming ECB Presidency: Press Posted: --Adds Comments By Econ Min Bruederle To Story Sent Sunday 18:45 EDT BERLIN (MNI) - The German government has given up its plan that a German should become the next president of the European Central Bank, the weekly Der Spiegel reported over the weekend. ... |
| FRANCE DATA: Bank of France survey shows January sa.. Posted: FRANCE DATA: Bank of France survey shows January real sa retail sales down 0.6% m/m to the same level as a year earlier. |
| Cable holding up in early trade; GBP/AUD demand noted Posted: Cable up at 1.6070 from around 1.6060 when I arrived. Sources note some decent Middle Eastern buying of GBP/AUD, which will have helped underpin cable so far. Talk of sell orders up at 1.6090/00. |
| EUR/USD touch firmer in early European trade Posted: EUR/USD has tacked on about 15 pips in the two hours or so since I've been in. Nothing much in way of euro zone data due today: 10:00 GMT: Euro zone industrial production for December expected flat m/m, +8.0% y/y. Buy orders seen clustered down at 1.3490/00, stops below there. Sell orders seen ... |
| We can’t pay this burden of bank debt, so let’s start talking default Posted: Brendan O'Connor in the Irish Independent |
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| Europe’s stoxx 50 futures up 0.5% Posted: DAX futures up 0.3%, CAC 40 futures up 0.4% |
| Repeat: Germany No Longer Claiming ECB Presidency: Press Posted: --Initially Transmitted Sunday At 18:45 EST BERLIN (MNI) - The German government has given up its plan that a German should become the next president of the European Central Bank, the weekly Der Spiegel reported over the weekend. Bundesbank president Axel ... |
| Cable (that’s Vince) sides with BOE ‘Doves’ on inflation, calls rate increase ‘difficult’ Posted: Ain't that the truth. Bloomberg report. Elsewhere, there are increasing media calls for the Old Lady to tighten monetary policy in the face of burgeoning inflationary pressures. |
| Vibrant exports will save Spain, and perhaps, the euro Posted: Latest from AEP at The Telegraph. |
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