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- Belgian FinMin Reynders: July 3 eurogroup meeting will agree release of next tranche of loans for Greece
- BOE: Squeeze Expected In UK Corporate, Household Credit
- Cable bids sub 1.6000
- Analysis: Eurozone Annual Inflation Steady At 2.7% In June
- ITALY DATA: Preliminary June HICP rose 0.1% m/m, as..
- EMU DATA: Eurozone annual inflation held firm at in..
- Euro zone June inflation estimated at +2.7% y/y
- Trichet: Asked if there is a plan B for euro zone…..
- Re that Goldman AUD/JPY call…..
- EMU M3 Growth Accelerated Sharply In May; Private Loans Up
- Cable having a nightmare
- EUR/GBP firmer as Buba buys
- New BOJ board member Ishida: Higher uncertainty for overseas economy than earlier this year
- Germany’s Jobless Down Less Than Expected In June
- GERMANY DATA: June sa unemployment -8k (MNI median…
- German June s.a jobless -8k to 2.967 mln
- ECB Text: ECB Trichet’s Intro Statement Before EU Parliament
- Trichet: Have seen higher than expected growth quarter after quarter in euro zone, euro has kept value
- France Budget Min: Doing Everything To Save Greece, Eurozone
- Trichet: Recent data confirm positive underlying momentum in euro zone economy
| Posted: Officials have seen some progress on private sector involvement on Greek debt Sees a clear willingness to consider France’s Greek debt rollover plan in Belgium and Germany Does not expect a Eurogroup agreement on July 3 on private sector involvement    |
| BOE: Squeeze Expected In UK Corporate, Household Credit Posted: LONDON (MNI) – Weak lending figures are tipped to worsen further in the months ahead, with a squeeze expected in corporate and household credit availability, the latest BOE Credit Conditions Survey shows. The BOE survey shows that the availability of credit to households has been growing slowly so far in 2011, and it is expected [...]  |
| Posted: Hearing talk of retail bids sitting just under 1.6000, from the same mob who sold it above 1.6100 in early Europe and Asia Cable’s at 1.6004  |
| Analysis: Eurozone Annual Inflation Steady At 2.7% In June Posted: June flash: +2.7% y/y MNI survey median: +2.8% y/y MNI survey range: +2.7% to +2.9% y/y May: +2.7% y/y — FRANKFURT (MNI) – Consumer price inflation in the Eurozone was steady at an annual rate of 2.7% in June, Eurostat reported on Thursday, citing preliminary estimates. The majority of analysts polled had expected a mild [...]  |
| ITALY DATA: Preliminary June HICP rose 0.1% m/m, as.. Posted: ITALY DATA: Preliminary June HICP rose 0.1% m/m, 3.0% y/y, same as 3.0% y/y in May, and posting the highest y/y gain since October 2008 (+3.8%). –The preliminary main domestic index (NIC) rose 0.1% m/m and 2.7% y/y, rising from 2.6% y/y in May. –Core NIC Inflation accelerates to 2.1% y/y, up from 1.8 y/y [...]  |
| EMU DATA: Eurozone annual inflation held firm at in.. Posted: EMU DATA: Eurozone annual inflation held firm at +2.7% in June, Eurostat reported on Thursday, citing preliminary figures. – For more information, please see MNI Mainwire  |
| Euro zone June inflation estimated at +2.7% y/y Posted: Versus median forecast of +2.8%.  |
| Trichet: Asked if there is a plan B for euro zone….. Posted: Says we are called to be highly responsible We are permanently alert Will continue to strictly seperate standard measures and non-standard measures Believe a special tax on financial transactions in Europe along would lead to massive loss of activity in Europe Right I’ve had enough of Jean Claude……  |
| Re that Goldman AUD/JPY call….. Posted: Zerohedge. I’m saying nuffink. Don’t want to mess up my chances of a job……  |
| EMU M3 Growth Accelerated Sharply In May; Private Loans Up Posted: May sa M3: +2.4% y/y M3 sa 3-mo avg: +2.2% y/y SA private loans: +2.7% y/y MNI survey median: May sa M3: +2.1% y/y M3 sa 3-mo avg: +2.2% y/y SA private loans: +2.7% y/y MNI survey range: April sa M3: +1.8% to +2.4% y/y M3 sa 3-mo avg: +2.1% to +2.2% y/y SA private [...]  |
| Posted: Has given up a full cent so far this morning, presently down at 1.6010. Not helped by Buba doing it’s usual month end EUR/GBP buying. A US investment bank (not the one doing God’s work) is said to have been selling aggressively from about the 1.6070 level . The bank in question has also been active [...]  |
| Posted: Bundesbank has been in doing its’ usual month end EUR/GBP buying. UK clearer notable buyer too. Cross up at .9035 from early .9010.  |
| New BOJ board member Ishida: Higher uncertainty for overseas economy than earlier this year Posted: BOJ should avoid underwriting of govt bonds See Japan’s economic recovery gaining momentum towards summer BOJ’s underwriting of govt bonds would hurt companies’ global competitiveness through ratings downgrade Japan economy likely to benefit from overseas growth if it exceeds Japans  |
| Germany’s Jobless Down Less Than Expected In June Posted: SA Unemployment: -8k (pan-German), -10k (West), +2k (East) MNI survey median: -16k m/m MNI survey range: -30k to -5k m/m – FRANKFURT (MNI) – The ranks of the unemployed in Germany declined less than generally expected in June, as a rebound in the eastern states partially offset a further fall in the west, the Federal [...]  |
| GERMANY DATA: June sa unemployment -8k (MNI median… Posted: GERMANY DATA: June sa unemployment -8k (MNI median -16k): Federal Labour Office. – Germany June sa unemployment rate 7.0% (MNI median 7.0%) – Germany June sa job vacancies +2k vs May +2k – Germany June nsa unemployment rate 6.9% vs May 7.0% – Germany June nsa unemployment 2.893 mln vs May 2.96 mln – *!Germany [...]  |
| German June s.a jobless -8k to 2.967 mln Posted: Not quite as good as median forecast of -17k. Unemployment rate unchanged at 7.0%, as expected. EUR/USD back below 1.4500 in slow, indecisive, trade. Asian sovereign seller noted in recent trade. Presently at 1.4488.  |
| ECB Text: ECB Trichet’s Intro Statement Before EU Parliament Posted: FRANKFURT (MNI) – The following is the verbatim text of European Central Bank President Jean-Claude Trichet’s introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament on Thursday: It is a pleasure to be back in Parliament and your Committee for our regular exchange of views. Once [...]  |
| Posted: China looking at how to best optimise their investments, but no comment on interest in euro Involving private sector in Greece debt deal more complex than you think We need programmes that will convince investors and strongly supported by country itself We are observing a correction of debt imbalances If sovereigns have problems, then banks [...]  |
| France Budget Min: Doing Everything To Save Greece, Eurozone Posted: PARIS (MNI) – France’s new budget minister, Valerie Pecresse, said Thursday that rescuing Greece and preserving the euro remained a top priority at the European level and that fiscal consolidation would continue to guide domestic policy. Previously minister for research and higher education, Pecresse takes over for Francois Baroin, who was appointed Wednesday to succeed [...]  |
| Trichet: Recent data confirm positive underlying momentum in euro zone economy Posted: In purdah period, comments not intended to reflect monetary policy decision at July meeting Upside inflation risks in particular from energy prices Essential recent rise in inflation does not give rise to broad-based inflationary pressure Risks to medium-term inflation outlook are on upside Liquidity ample, could feed inflation pressures Current monetary policy is accomodative Strong [...]  |
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