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- Euro zone prelim Q1 GDP +0.8% q/q
- ACB sells EUR/USD
- UK Analysis: Marginal Up Effect On GDP From Q1 Construction
- UK DATA: Marginal Up Effect On GDP From Q1………..
- Irish PM Gilmore says blocking reduction in Ireland’s interest rate on aid package is not sustainable
- EUR/USD slips back slightly
- Economists busy recalculating their euro area Q1 GDP forecasts
- I think it’s about time we had a…………….
- ITALY DATA: Preliminary 1Q11 GDP +0.1% q/q, +1.0% by.
- Greek PM Papandreou says Europe playing “blame game”
- FRANCE DATA: Bank of France survey shows April real..
- Update: Germany’s 1Q GDP Growth +1.5% Q/Q, +5.2% Y/Y
- China buys cable
- Greek 5 year bond yields fall 53 bps to 20.95%
- Risk off morphs into risk on
- India buys EUR/USD
- Spain’s prelim Q1 GDP +0.3% q/q
- FRANCE DATA: 1Q non-farm private payrolls +0.4% q/q,.
- Papademos: Greek Debt Restructuring “Definitely Undesirable”
- ECB’s Nowotny: Appears Greece has not sufficiently fulfilled rescue package terms of late
| Euro zone prelim Q1 GDP +0.8% q/q Posted: Better than the median forecast of +0.6%, but not as good as some of the re-jiggered forecasts (done after earlier French and German data)    |
| Posted: In 1.4320′s. We’re touch lower at 1.4317.  |
| UK Analysis: Marginal Up Effect On GDP From Q1 Construction Posted: –UK Construction Q1 Output -4.0% q/q: Up 3.6% y/y –UK Mar Construction Output Up 16.3% m/m; Up 0.1% y/y –UK Construction Adds Less Than 0.1pp to 1st Estimate Q1 GDP –UK Q4 Construction Output Revised Down To -2.7% q/q LONDON (MNI) – First quarter construction output data was revised up in comparison to the figure [...]  |
| UK DATA: Marginal Up Effect On GDP From Q1……….. Posted: UK DATA: Marginal Up Effect On GDP From Q1 Construction –UK Construction Q1 Output -4.0% q/q: Up 3.6% y/y –UK Mar Construction Output Up 16.3% m/m; Up 0.1% y/y –UK Construction Adds Less Than 0.1pp to 1st Estimate Q1 GDP –UK Q4 Construction Output Revised Down To -2.7% q/q ———————————————————————— First quarter construction output data [...]  |
| Posted: Where I come from, that’s called talking your own book  |
| Posted: Presently at 1.4320 from session high 1.4339, with sources reporting a major Swiss bank (make that the major swiss bank) selling decent amounts in recent trade.  |
| Economists busy recalculating their euro area Q1 GDP forecasts Posted: Makes sense I guess after what we saw from France and Germany. At the start of the day median forecast was calling for +0.6% q/q. Hearing one large bank now calling for +1.0%.  |
| I think it’s about time we had a……………. Posted: BANK RECOMMENDATION!!!!!! Apparently JP Morgan have issued EUR/AUD buy trade recommendation with a 1.4342/73 target area. We’re presently at 1.3370. UPDATE: I’ve just been told by a source that he’s heard mutterings of fix interest today to buy that particular cross. It will all be adding fuel to the EUR/USD rally which has extended to [...]  |
| ITALY DATA: Preliminary 1Q11 GDP +0.1% q/q, +1.0% by. Posted: ITALY DATA: Preliminary 1Q11 GDP +0.1% q/q, +1.0% y/y buoyed by agriculture, while industry and services were ”substantially stable”, ISTAT said. –4Q10 GDP was confirmed at +1.5% y/y. –The 1Q result gives a platform of ‘acquired’ growth of +0.5% for 2011 –ISTAT provided no numerical details of 1Q GDP components. –See headlines on main wire  |
| Greek PM Papandreou says Europe playing “blame game” Posted: Incapacitating EU from emerging from crisis. Sounds a little bitter.  |
| FRANCE DATA: Bank of France survey shows April real.. Posted: FRANCE DATA: Bank of France survey shows April real sa retail sales down 0.4% on the month and 2.5% higher on the year.  |
| Update: Germany’s 1Q GDP Growth +1.5% Q/Q, +5.2% Y/Y Posted: –Adds Comments From Economics Minister, Wise Men Head, DIW 1Q GDP: +1.5% q/q (sa), +4.9% y/y (wda), +5.2% y/y (unadjusted) MNI survey median: +1.0% q/q (sa), +4.3% q/q (wda) MNI survey range: +0.6% to +1.2% q/q 4Q GDP: +0.4% q/q (sa), +3.8% y/y (wda), +3.8% y/y (revised from +4.0%,+4.0%) – FRANKFURT (MNI) – German economic [...]  |
| Posted: In recent trade and we’re up at 1.6300. How are us cable bears ever going to fill our boots if China keeps popping up on the bid I just knew I was going to be keeping my eyes peeled on the oil price today. NYM light crude up nearly one and a half bucks now.  |
| Greek 5 year bond yields fall 53 bps to 20.95% Posted: Well, I guess everything’s OK then ;) Meanwhile, Greek PM Papandreou says “There is no going back on the euro”  |
| Posted: Oil has seen more than a one and a half buck turnaround since I sat down. NYM light crude has just pierced the $100 buck level. Gold up at 1.514. EUR/USD up at 1.4295. Clever old India. Those folks at the Reserve Bank are certainly no mugs. And what about that “smart” name who bought EUR/USD down [...]  |
| Posted: In recent trade and we’re back up at 1.4255.  |
| Spain’s prelim Q1 GDP +0.3% q/q Posted: Marginally firmer than median forecast of +0.2%.  |
| FRANCE DATA: 1Q non-farm private payrolls +0.4% q/q,. Posted: FRANCE DATA: 1Q non-farm private payrolls +0.4% q/q, +1.0% y/y - Above expected; MNI analysts survey median forecast +0.3% q/q - 58,800 net jobs created in 1Q after +37,600 in 4Q FRANCE DATA: 1Q monthly salaries +1.0% q/q, +2.0% y/y;4Q +1.8% y/y –1Q hourly wages also +1.0% q/q, +2.0% y/y; 4Q +1.8% y/y  |
| Papademos: Greek Debt Restructuring “Definitely Undesirable” Posted: PARIS (MNI) – A restructuring of Greek debt is “definitely undesirable,” because the damage it caused would outweigh any perceived benefits, former European Central Bank Vice President Lucas Papademos said in a television interview aired on Friday morning. Implementing the austerity program to which Greece has already agreed “is the only way forward if the [...]  |
| ECB’s Nowotny: Appears Greece has not sufficiently fulfilled rescue package terms of late Posted: Whoops, EUR/USD slightly lower at 1.4248. I think we suspected as much, didn’t we? Well nearly the weekend. Ive only another 5 hours to negotiate. Gotta be careful today cos it’s……………. FRIDAY THE 13TH!!!!!  |
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