EMU June M3, Priv. Sector Loan Growth Slow More Than Expected

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• EMU June M3, Priv. Sector Loan Growth Slow More Than Expected
• CDS updates
• Option strikes
• Italian July mfg confidence fell to 98.5 from 100.5 in June
• German State of Brandenburg July CPI +0.5%m/m,+2.2% y/y
• ITALY DATA: July manufacturing confidence fell to….
• German State of Hesse July CPI +0.5%m/m,+2.2% y/y
• Eurozone June M3 annual growth 2.1% vs Reuters median 2.3%- ECB
• Analysis: Germany: Hesse, Brandenburg July CPI Both +0.5% M/M
• EUR/USD stops
• German Firms Say Credit Lacking For Greek Investment – Press
• AUD/USD tech resistance
• Murdoch update…
• German Fin Min: Euurozone countries that require aid must give up some of their sovereignty to the EU report
• BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.06%
• Ozzie hits a 1.1073 high on Treasurer Swan’s comment
• USD/CHF Bids
• Schaeuble Underlines Opposition Against Members Leaving EMU
• Stocks down in early Europe
• Germany: Saxony July CPI +0.4% M/M; Above Pan-German Forecast

EMU June M3, Priv. Sector Loan Growth Slow More Than Expected Posted: June sa M3: +2.1% y/y M3 sa 3-mo avg: +2.2% y/y SA private loans: +2.5% y/y MNI survey median: June sa M3: +2.4% y/y M3 sa 3-mo avg: +2.3% y/y SA private loans: +2.6% y/y MNI survey range: June sa M3: +2.0% to +2.6% y/y M3 sa 3-mo avg: +2.1% to +2.3% y/y SA private [...]

CDS updates Posted: 5yr CDS; Irish up 12bps to 885 Portuguese up 19bps to 955 Italian up 22bps to 295 Spanish up 16 bps to 338 US up 3 to 62 As of about 20 mins ago

Option strikes Posted: For today’s 1000 NY cut: EUR/USD: 1.4300 USD/JPY: 78.00, 78.30 EUR/JPY: 113.50, 113.75 GBP/USD : 1.6460 EUR/GBP: 0.8865 USD/CHF: 0.8150 NZD/USD: 0.8600 AUD/USD: 1.0960

Italian July mfg confidence fell to 98.5 from 100.5 in June Posted:

German State of Brandenburg July CPI +0.5%m/m,+2.2% y/y Posted: previously +o.1% m/m, +1.9% y/y

ITALY DATA: July manufacturing confidence fell to…. Posted: ITALY DATA: July manufacturing confidence fell to 98.5 from June 100.5

German State of Hesse July CPI +0.5%m/m,+2.2% y/y Posted: previously +o.1% m/m, +2.1% y/y

Eurozone June M3 annual growth 2.1% vs Reuters median 2.3%- ECB Posted:

Analysis: Germany: Hesse, Brandenburg July CPI Both +0.5% M/M Posted: Hesse CPI July: +0.5% m/m, +2.2% y/y June: +0.1% m/m, +2.1% y/y – Brandenburg CPI July: +0.5% m/m, +2.2% y/y June: +0.1% m/m, +1.9% y/y — Pan-German CPI MNI median forecast: +0.3% m/m, +2.3% y/y MNI forecast range: +0.1 to +0.5% m/m June: flat m/m, +2.4% y/y — BERLIN (MNI) – Consumer prices in both [...]

EUR/USD stops Posted: Hearing some sell orders set on a break down through 1.4455

German Firms Say Credit Lacking For Greek Investment – Press Posted: BERLIN (MNI) – Foreign investment to bolster the Greek economy may look good like a good strategy on paper, but in practice there are many obstacles to be overcome, suggest two reports published Wednesday by the German business daily Handelsblatt. “A broad-based investment and modernization program for Greece is in many respects a win-win alternative,” [...]

AUD/USD tech resistance Posted: Im not a fan of the Elliott wave model , but I have been told that 1.1083 is a “ wave equality target ”, which may prove to be some decent technical resistance. High now extended to 1.1081 after Wayne Swan’s comment. Ozzie’s a bit lower at 1.1070

Murdoch update… Posted: Rupert Murdoch’s mood has improved over the past few days.. He’s been really touched by listening to all the condolence messages on Amy Winehouse’s phone

German Fin Min: Euurozone countries that require aid must give up some of their sovereignty to the EU report Posted: Politicians don’t criticise the ECB, ideally the converse would be true as well

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.06% 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 July 28 maturing Auug 4 2011. The Bank said the repo would be at a fixed-rate, with the rate to be set at 1.06%. –London Bureau; Tel: +442076341655; email: ukeditorial@marketnews.com [...]

Ozzie hits a 1.1073 high on Treasurer Swan’s comment Posted: The Australian Treasurer said there would be no intervention to adjust the australian dollar

USD/CHF Bids Posted: Talk of sizeable bids now sitting just below the recent all time lows of 0.7996 at 0.7990 which are apparently option related

Schaeuble Underlines Opposition Against Members Leaving EMU Posted: BERLIN (MNI) – German finance minister Wolfgang Schaeuble reiterated his opposition to proposals that highly indebted countries should leave the Eurozone. Europe can only function “if it is clear that individual members cannot be bombed out of the euro,” Schauble told German weekly Der Stern in an interview released Wednesday. The minister criticized that the [...]

Stocks down in early Europe Posted: Germany’s DAX down around 0.5% Spain’s IBEX -0.7%, Italy’s FTSE MIB -1% UK FTSE -0.4% France CAC -0.5%

Germany: Saxony July CPI +0.4% M/M; Above Pan-German Forecast Posted: Saxony CPI July: +0.4% m/m, +2.5% y/y June: +0.1% m/m, +2.3% y/y — Pan-German CPI MNI median forecast: +0.3% m/m, +2.3% y/y MNI forecast range: +0.1 to +0.5% m/m June: flat m/m, +2.4% y/y — BERLIN (MNI) – Consumer prices in the eastern German state of Saxony rose 0.4% in July, lifting the annual inflation [...]