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- Euro zone sentix index falls to 10.9 in May
- EU Commission says hopes to see decision on interest rate cut for Irish bailout loans in coming weeks
- Senior CDU MP Meister: Further interest rate relief for Greece is conceivable in exchange for further steps by Greece
- EUR/GBP edging higher; notable buyer seen
- Oil up over 2 bucks
- Halifax: UK House Prices See Largest Y/Y Fall Since Oct ‘09
- Greece wants reduction in interest rate on aid – Die Welt citing sources involved in talks
- Choppy, nervy start to European trade
- Halifax house price index -1.4% m/m
- Germany Press:Greece Wants Interest Rate Cut On Financial Aid
- Bank of France Poll Points To Slightly Weaker Growth Ahead
- French April business investor sentiment 107
- MNI Survey: Japan Mar Current Account Surplus Seen -32% Y/Y
- CBI downgrades UK growth
- GERMANY DATA: The German trade surplus rose to a…..
- Germany Press: Fin Min Sees 2011 Tax Rev E19 Bn Above Fcast
- German March trade surplus 15.2 bln
- Ireland’s future depends on breaking free from bailout – Irish Times
- Japan Avg Gasoline Price Posts 1st Drop In 11 Wks; Level High
- EUR/USD sees marginal recovery during Asian trade
| Euro zone sentix index falls to 10.9 in May Posted: From 14.2 in April. Much weaker than median forecast of 13.8. EUR/USD seems to be shrugging off the poor data, presently at 1.4435. Talk of Middle Eastern sovereign buying in recent trade.    |
| Posted: Opposed to any debt restructuring for Ireland  |
| Posted: Lower interest rates would be justified if Greece reduces debt risk through reforms  |
| EUR/GBP edging higher; notable buyer seen Posted: EUR/GBP up at .8805 from around 8785 when I arrived. Getting reports China has been buying the cross this morning.  |
| Posted: NYM light crude up $2.29 at $99.46, extending recovery. Gold ticking higher too, presently at $1,504. Against this backdrop EUR/USD up at 1.4420. Talk Asian central banks been buying EUR/USD this morning.  |
| Halifax: UK House Prices See Largest Y/Y Fall Since Oct ‘09 Posted: --April House Prices -1.4% m/m; -3.7% 3m y/y ...  |
| Greece wants reduction in interest rate on aid – Die Welt citing sources involved in talks Posted: Wants easing of required austerity under aid plan Wants 2 more years to cut deficit to 3% of GDP  |
| Choppy, nervy start to European trade Posted: Seems to be a lot of indecision about this morning, reflected by the very choppy price action we're seeing in early European trade. EUR/USD sits at 1.4402, marginally firmer on the day amid reports of real money buying. Sell orders said to be clustered 1.4430 up to 1.4450. Buy stops seen through ...  |
| Halifax house price index -1.4% m/m Posted: Whoops, demonstrably weaker than median forecast of +0.1%. 3 months to April vs year ago down -3.7%, weaker than Reuters median forecast of -2.9%.  |
| Germany Press:Greece Wants Interest Rate Cut On Financial Aid Posted: BERLIN (MNI) - Greece is demanding an interest rate cut on the financial aid it receives from its EU peers as well as a relaxation of its austerity program, the German weekly Die Welt reported Monday, citing EU sources. The ...  |
| Bank of France Poll Points To Slightly Weaker Growth Ahead Posted: PARIS (MNI) - French activity in the services grew at a sustained pace in April and is likely to remain dynamic in the near term, while the expansion in industry will remain more subdued, the Bank of France said Monday, citing the results of its ...  |
| French April business investor sentiment 107 Posted: Weaker than median forecast of unchanged 110.0.  |
| MNI Survey: Japan Mar Current Account Surplus Seen -32% Y/Y Posted: -- See Separate Table For Details Of Individual Forecasts TOKYO (MNI) - Japan is expected to have posted a current account surplus of Y1.752 trillion in March, ...  |
| Posted: Britain's economy will grow more slowly than previously forecast, UK's leading business group has warned. No shit. Good to see my barber hasn't lost his edge as a world-class economic forecaster. Cable sits at 1.6385, little changed from Fridays North American close. 07:00 GMT: Halifax house prices for April expected +0.1% m/m, -3.0% y/y.  |
| GERMANY DATA: The German trade surplus rose to a….. Posted: GERMANY DATA: The German trade surplus rose to a seasonally-adjusted E15.3 billion in March, while both exports and imports hit their highest respective monthly levels since 1950, the Federal Statistical Office reported on Monday. -- Germany March nsa trade surplus +E18.9bn;February rev+E11.9(+E12.1bn) -- Germany March nsa c/a surplus +E19.5bn; February ...  |
| Germany Press: Fin Min Sees 2011 Tax Rev E19 Bn Above Fcast Posted: BERLIN (MNI) - The German Finance Ministry expects that tax revenue across all level of governments will be E19 billion higher this year than estimated in November, the German business daily Handelsblatt reported Monday, citing government sources. For the years until 2015, the ...  |
| German March trade surplus 15.2 bln Posted: Stronger than Reuters median forecast of 11.8 bln. Exports +7.3% m/m, imports +3.1% m/m. EUR/USD touch firmer in wake of data, presently at 1.4395. Current account surplus 19.5 bln.  |
| Ireland’s future depends on breaking free from bailout – Irish Times Posted: Ireland is heading for bankruptcy, which would be catastrophic for a country that trades on its reputation as a safe place to do business, writes Morgan Kelly.  |
| Japan Avg Gasoline Price Posts 1st Drop In 11 Wks; Level High Posted: TOKYO (MNI) - The average price of regular gasoline in Japan stood at Y152.5 ($1.89) per liter, or $7.18 per gallon, on May 2, posting the first fall in 11 weeks, but it stayed near a 30-month high of Y152.7 hit in the previous week, ...  |
| EUR/USD sees marginal recovery during Asian trade Posted: Presently sits at 1.4395 having been as high as 1.4407 so far. Hedge fund buying noted. Euro zone periphery remains in sharp focus as we start the new week. Euro zone data due today: 06:00 GMT: German trade balance for March expected 11.8 bln; imports +0.8%, exports +1.1% 06:00 GMT: German current account for ...  |
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