Impact Of Higher Inflation On Eurozone Wages Yet Unclear,Your forexlive ENewsletter


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ECB: Impact Of Higher Inflation On Eurozone Wages Yet Unclear

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FRANKFURT (MNI) - Eurozone wages trends appeared to remain moderate at the start of this year, but the likely impact of the recent rises in food and energy prices is yet unclear, the European Central Bank said Thursday. "Preliminary information ...

ECB: New Seasonal Adjustment Trimmed 0.1 Pt From Jan-Feb HICP

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FRANKFURT (MNI) - Revisions to the treatment of seasonal products in Eurozone HICP trimmed 0.1 point from the overall inflation rate in January and February, the European Central Bank said Thursday. "The aim of the new regulation is to harmonize ...

Japan Vice FinMin Sakurai: Govt would have no choice but to issue bonds in 2nd extra budget and later

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Disaster relief, reconstruction would require massive amount of money Sticking to plan not to issue new government bonds in 1st extra budget Will aim to to compile 1st extra budget in April for enactment early May USD/JPY trading a little softer so far today. Down at 83.35 from around 83.55 when I arrived, amid talk ...

ECB:Arab Tensions Upside EMU Price Risk,Downside Growth Risk

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FRANKFURT (MNI) - Empirical evidence suggests the higher oil prices stemming from the political upheavals in the Middle East and North Africa (MENA) would have a negative impact on Eurozone growth, though the effect would vary depending on the member state in question, the European ...

China interested to invest in Spain, but no details on funding amounts – Govt source

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Ummm, all rather nebulus (cloudy)

Portuguese 10-year yields hit new euro lifetime highs at 9.064%

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Greek 5 year credit default swaps hit new record highs at 1070 bps, up 23 bps on day

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Portuguese 5 year credit default swaps at 587 bps, up 13 bps on day Spanish 5 year credit default swaps at 230 bps, up 9 bps on day

ECB: Political turmoil in Middle East presents downside risks to euro zone growth and upside risks to inflation in short-term

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In medium term: political transition, economic reforms in Middle East could lift growth in Southern euro zone

Up and down and up and down….

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EUR/USD rallied early getting to 1.4515 before turning south. Euro bulls no doubt little cautious of running into China up around 1.4520 ahead of 1.4530 barrier interest. I haven't gotten any reports of the Giant Panda selling into this latest rally, rather Eastern European and Middle Eastern names seen notable sellers ...

Germany Press: Govt Raises 2011 GDP Fcast To +2.6% From +2.3%

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--2012 GDP Growth Forecast Confirmed At 1.8% BERLIN (MNI) - The German government will raise its GDP growth projection for this year to 2.6% from the 2.3% forecast in January, the German daily Bild reported Thursday, citing no sources for its claim. ...

FRANCE DATA: Bank of France survey shows March real..

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FRANCE DATA: Bank of France survey shows March real sa retail sales up 1.2% on the month and 3.6% higher on the year.

Bundebanks Zeitler: Rough estimate shows German banks require capital of 50 bln euros to fulfill Basel III rules

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ECB’s Gonzalez-Paramo says will monitor changes in inflation, expectations and base next rate decision on that

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ECB calls on all European countries to consolidate public finances Structural reforms in Europe needed to generate strong medium-term growth Risks to economic growth are balanced Risks to inflation in euro zone are on the upside Greece's return to the debt market is possible if it implements IMF programme

Greece FinMin:Return To Financial Markets May Be Delayed – FT

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FRANKFURT (MNI) - Greece may not be able to return to financial markets by next year as originally planned, Finance Minister George Papaconstantinou suggested to the Financial Times. "I think a judgment cannot be reached before the summer and before ...

Ifo’s Sinn: Portugal bailout could be “bottomless pit” – Dow Jones

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Sees formal default in Greece "in near future" Situation in Portugal very similar to Greece Crisis could spread to Spain through Spanish banks Spanish current account deficit "much too big" ECB rate hike was "absolutely necessary" Afraid Germany won't get back bailout loans Euro zone crisis helped boost investment in Germany

ECB Bini Smaghi: Forcefully Rejects Greek Debt Restructuring

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FRANKFURT (MNI) - With the background noise of a haircut on Greek bonds growing louder by the day, a senior European Central Bank official went on the counter-attack Thursday, arguing that if Greece restructures its public debt it will suffer devastating economic, social and political ...

ECB Bini Smaghi Hints At Beginning Of Rate Hike Cycle: Press

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FRANKFURT (MNI) - The conditions under which the European Central Bank raised interest rates last week are similar to the ones that prevailed in 2005, ECB Executive Board member Lorenzo Bini Smaghi said in a newspaper interview published Thursday, thus strongly suggesting that the central ...

China wealth fund denies reports of Spanish bank investment

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The news seems to have been shrugged of by the market, as EUR/USD moves back to 1.4500.

ECB’s Bini-Smaghi: Restructuring Greek debt would result in failure of large part of Greek banking system

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Restructuring would bring Greek economy to its' knees, have devastating effect Greece must continue reforms agreed with IMF, EU. Must start privatisation Further euro zone interest rate hikes depend on economy, inflation (really?) Euro nominal rate at same level as 2005 vs major currencies, 10% lower in real terms Minimum interest rate less justified ...

ForexLive Asian market wrap: JPY crosses try to break lower but fail again

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Singapore tightens policy, allowing SGD to rise to record levels against USD Singapore GDP +8.5%, inflation rising BRICS statement again refers to reserve currency issues UK consumer confidence rises in March President Obama lays out plan for long-term debt reduction RBA Stevens: China and India economic growth is transformative event Gold and Oil rise 0.3% to ...

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