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- Central bank seller seen in cable
- EMU DATA: Eurozone economic sentiment by fell less…
- Euro zone March economic sentiment falls to 107.3
- UK DATA: Budget Measures To Add 0.29% To CPI………
- UK DATA: Nov-Jan Services Output Slips, Rises On In..
- UK service sector output +1.3% m/m in January
- Bank of Spain sees GDP growth at 0.8% in 2011
- Greek FinMin: Could use privatisation proceeds to buy back debt
- Cable firmer in early trade as funds buy GBP/JPY
- BOJ Cancels Publication Of March Financial Stability Report
- BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.13%
- Ireland Min:Stress Tests To Show Need Of Fresh Capital–Press
- USD/JPY touch firmer; notable buyer seen
- Irish Economy Minister: Expect stress tests to reveal need for new capital in banks
- ECB Bini Smaghi:Risks of Contagion in EMU ‘Not Insignificant’
- Sluggish start to European trade
- ECB’s Bini Smaghi: Coming years are likely to be just as challenging as recent years
- USD/JPY traders get their moment in the sun
- Japan Avg Regular Gasoline Price Up 6th Wk, Still 29-Mo High
- Portugal hints at deficit revision
| Central bank seller seen in cable Posted: Sources report central bank selling cable in recent trade. We're down at 1.6060 from session high 1.6082. |
| EMU DATA: Eurozone economic sentiment by fell less… Posted: EMU DATA: Eurozone economic sentiment by fell less than expected in March to 107.3 from February's upwardly-revised 107.9 level, the European Commission reported on Wednesday. -- EMU March econ sentiment above MNI survey fcast median (107.2) -- EMU March consumer confidence down to -10.6, as expected -- EMU March industry confidence ... |
| Euro zone March economic sentiment falls to 107.3 Posted: From 107.9 in February, below median forecast of 107.5. EUR/USD back below 1.4100, presently at 1.4095. Business climate deteriorates to 1.41 in March, down from revised 1.46 in February. Pretty much in line with median forecast of 1.40. |
| UK DATA: Budget Measures To Add 0.29% To CPI……… Posted: UK DATA: Budget Measures To Add 0.29% To CPI ------------------------------------------------------------------------ Budgetary measures that come into force in 2011/12 will add an estimated 0.29% to the Consumer Price Index and 0.37% to the Retail Price Index, according to figures from the Office for National Statistics. The biggest effect will come from ... |
| UK DATA: Nov-Jan Services Output Slips, Rises On In.. Posted: UK DATA: Nov-Jan Services Output Slips, Rises On Month In Jan ------------------------------------------------------------------------ --UK Nov-Jan Services Output Down 0.5% Vs Previous 3 Months --UK Jan Services Rises 1.3% m/m; 2.2% y/y --UK Nov-Jan Services Output Hit By Cold Weather --UK Services Monthly Rise "Bounceback" From Bad Weather In Dec ------------------------------------------------------------------------ Output in the service ... |
| UK service sector output +1.3% m/m in January Posted: Versus -1.1% in December. Highest m/m rate since July 2002. Wow, everything's going to be OK then ;) Meanwhile ONS estimates UK budget measures will add 0.29% points to CPI, biggest impact from tobacco duty. That will please those anticipating an early UK rate hike. Cable finally finds stops above 1.6050 and ... |
| Bank of Spain sees GDP growth at 0.8% in 2011 Posted: 2012 growth at 1.5% Unemployment 20.7% in 2011, 20.4% in 2012 Public deficit at 6.2% of GDP in 2011, 5.2% of GDP in 2012 |
| Greek FinMin: Could use privatisation proceeds to buy back debt Posted: EUR/USD rallies above 1.4100, presently at 1.4108. |
| Cable firmer in early trade as funds buy GBP/JPY Posted: Cable has tacked on a quick half a cent or so in early European trade, presently at 1.6040. Sources report good fund buying of the GBP/JPY cross, which will be lending cable support. The cross is up at 133.25 from around 132.60 when I arrived. Talk of sell orders now in cable ... |
| BOJ Cancels Publication Of March Financial Stability Report Posted: TOKYO (MNI) - The Bank of Japan is suspending publication of the March 2011 Financial System Report, due to the need for further analysis of the effects of the March 11 earthquake. In a statement released on its website, the BOJ ... |
| BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.13% Posted: LONDON ((MNI) - The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date April 1 maturing April 8 2011. The Bank said the repo would be at a fixed-rate, with the ... |
| Ireland Min:Stress Tests To Show Need Of Fresh Capital–Press Posted: FRANKFURT (MNI) - The stress tests of Ireland's banks are likely to reveal the need for additional capital, Economics Minister Richard Bruton confirmed in an interview published Wednesday, adding that the government is looking for an international buyer for Allied Irish Bank. ... |
| USD/JPY touch firmer; notable buyer seen Posted: USD/JPY up at 83.08 from around 82.90 when I arrived. Sources report US investment bank notable buyer in early European trade. As aforementioned stops now through 83.30 and 83.70. |
| Irish Economy Minister: Expect stress tests to reveal need for new capital in banks Posted: Hard to improve bank liquidity needs as long as they are undercapitalised Will continue to try and sell Allied Irish Bank, would like to keep Bank of Ireland private Irish government is determined to meet all its fiscal obligations Key to crisis recovery is rise in exports, there will be no consumer boom |
| ECB Bini Smaghi:Risks of Contagion in EMU ‘Not Insignificant’ Posted: MOSCOW (MNI) - The downside growth risks due to fiscal imbalances and bank funding difficulties appear so far to be limited to a small number of Eurozone states, representing a small proportion of the monetary union's economic activity, European Central Bank Executive Board member Lorenzo ... |
| Sluggish start to European trade Posted: Not a heck of a lot going on so far. EUR/USD sits at 1.4075, where it was when I arrived. Sources report that there has been a central bank seller about, but their impact has been pretty limited. Central bank selling also reported in AUD/USD, which is also unchanged at 1.0305 ... |
| ECB’s Bini Smaghi: Coming years are likely to be just as challenging as recent years Posted: Deep joy..... Risks related to the re-emergence of global imbalances and any disorderly unwinding are considerable On stress tests - no time for national authorities to engage in a beauty contest |
| USD/JPY traders get their moment in the sun Posted: Wake up!!, wake up!!, it's actually moving. USD/JPY up at 82.90 from a North American close Tuesday down around 82.40. The pairing is garnering support from recent hawkish rhetoric from various Fed officials, which has seen US treasury yields firm up. Buy orders now seen clustered 82.50/60. I hazard a guess some stops just ... |
| Japan Avg Regular Gasoline Price Up 6th Wk, Still 29-Mo High Posted: TOKYO (MNI) - The average price of regular gasoline in Japan this week rose further to Y151.7 ($1.83) per liter, or $7.00 per gallon, from Y151.2 last week, as it remained at the highest level in 29 months, data released by the Oil Information Center ... |
| Portugal hints at deficit revision Posted: WSJ article. Oh dear. |
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