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- Germany Institutes See German GDP +2.8% In 2011,+2.0% In 2012
- German economic institutes expect ECB to raise rates in Q2, should be cautious on further steps due to delicate situation
- Spain sells 4130 mln of new 3 year bond
- Ummm……
- Greek 2010 budget deficit will be clearly over 10% of GDP
- German Dep ForMin Hoyer: Portugal decision to take EU aid is right and responsible
- Fed’s Pianalto: Economic conditions, low inflation trend warrant continuation of current monetary policy stance
- LCH clearnet raises margin requirement on Portuguese sovereign bonds by additional 15%
- BOJ Gov Shirakawa: Want to start new loan scheme for quake-hi banks in May
- EUR/USD drifts lower
- EUR/GBP lower
- Simon Ward again alone in predicting interest rate rise
- FRANCE DATA: February sa merchandise trade deficit…
- French February trade balance -6.553 bln
- Cable drifts little lower as European trade gets underway
- Reminder: No cutting and pasting of articles
- Spains Salgado: Next 2 quarters to be good for employment
- BOJ offers quake-aid loans, cuts Japan economy assessment
- EUR/USD little easier during Asian trade
- ForexLive Asian market wrap: Australian unemployment rate falls below 5%
| Germany Institutes See German GDP +2.8% In 2011,+2.0% In 2012 Posted: BERLIN (MNI) - Germany's leading economic research institutes on Thursday raised their forecast for German GDP this year to +2.8% from the +2.0% projection made in October last year. For next year they forecast GDP growth to slow to 2.0%, ...    |
| Posted: Expect key interest rate to be 2% by end 2012 Expect 2011 GDP +2.8% and +2.8% in 2012  |
| Spain sells 4130 mln of new 3 year bond Posted: Treasury target 3.5-4.5 bln Bid to cover ratio 1.8 Average yield 3.568%  |
| Posted: Hearing big German name buying O/N EUR/USD calls with 1.4400 strike.  |
| Greek 2010 budget deficit will be clearly over 10% of GDP Posted: Versus previous government estimate of 9.4%. So says Reuters headline quoting source. Greek deficit revision will require action because of spillover effects - Source  |
| German Dep ForMin Hoyer: Portugal decision to take EU aid is right and responsible Posted: Without EFSF Portugal and euro zone could have been very much at risk Early market reaction shows no danger of chain reaction to Portugal's seeking EU aid Details of Portuguese aid have to be quickly worked out  |
| Posted: Growth, inflation outlook warrants completing asset purchase programme as originally scheduled No evidence so far of broad spillover from food, energy price rises Sees inflation staying in check due to slow wage growth, strong competition, soft business conditions Longer run inflation expectations remain below 2% Watching carefully for signs of any unanticipated spillover from ...  |
| LCH clearnet raises margin requirement on Portuguese sovereign bonds by additional 15% Posted:  |
| BOJ Gov Shirakawa: Want to start new loan scheme for quake-hi banks in May Posted: Expects supply chain constraints to be resolved around June, July For now, need to examine economic impact of steps taken so far Exports to support economy once supply constraints ease Hard to predict when power supply constraints will be resolved Do not see need to ease rules on BOJ's corporate bond buying Confident Japan's economy ...  |
| Posted: Presently down at 1.4282. Macro funds seen selling. Smacks of position adjustment ahead of ECB rate decision. Never a bad idea to take a few chips off the table ahead of a big risk event. Well that's if you've got any to cash in......  |
| Posted: Amid talk of decent selling by large UK corporate. We're at .8755 from around 8775 when I sat down. UPDATE: Apparently its large pharmaceutical company and is related to dividend payments  |
| Simon Ward again alone in predicting interest rate rise Posted: Henderson's chief economist is only one of 67 forecasters polled by Reuters predicting Bank of England rate hike later today. Shrewd old Simon. Go it alone and get it right and you're a star. Get it wrong, well it's what everyone expected.  |
| FRANCE DATA: February sa merchandise trade deficit… Posted: FRANCE DATA: February sa merchandise trade deficit E6.553 bln after -E6.124 bln in January (revised from -E5.890 bln) -- Below expected; MNI analysts survey median forecast -E5.0 bln -- For more information, please see MNI MainWire  |
| French February trade balance -6.553 bln Posted: Worse than median forecast of -5.7 bln.  |
| Cable drifts little lower as European trade gets underway Posted: Cable has given up a quarter of a cent as European trading gets underway, presently at 1.6275. We get the Old Lady's rate decision later today at 11:00 GMT. Market favours no change to rates or QE this time round and I'd go along with that. A hike would obviously see ...  |
| Reminder: No cutting and pasting of articles Posted: From elsewhere. Kinda pisses people off and so is banned on this site. A little taster together with link to story is ok, as is just the link. But pure cutting and pasting whole article will be deleted. So be aware. I don't like seeing people's efforts amount to nowt.  |
| Spains Salgado: Next 2 quarters to be good for employment Posted: Contagion from Portugal absolutely ruled out (ofcourse it is)  |
| BOJ offers quake-aid loans, cuts Japan economy assessment Posted: Bloomberg article. USD/JPY has drifted marginally lower during Asian trade. Down at 85.18 presently from North American close Wednesday up around 85.40. Still reports of decent layered sell orders from 85.50 up to 86.00. Light trailing sell stops through 85.00.  |
| EUR/USD little easier during Asian trade Posted: Down at 1.4300 from North American close Wednesday up around 1.4330. Portugal has duly bowed to the inevitable and asked for aid. It was so inevitable the market has merely shrugged. Today, euro zone data: 06:45 GMT: French trade for February expected -5.6 bln 10:00 GMT: German industrial production for February expected +0.5% m/m, ...  |
| ForexLive Asian market wrap: Australian unemployment rate falls below 5% Posted: Australian unemployment rate falls to 4.9%; economy adds 38,000 new jobs, 32,000 full-time Japanese forex reserves rise on intervention and IMF China fixes Yuan at new post-revaluation high, 6.5456 BOJ expected to keep rates at 0.1%, may announce additional easing measures US politicians working through night to get household budget passed Brazil announces additional taxes ...  |
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