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- EMU DATA: Eurozone inflation surprised to the coming.
- EMU DATA: The unemployment rate in the Eurozone held.
- EMU Sept flash HICP +3.0% y/y vs 2.5% in August (expected 2.5%)
- USD/JPY chewing it’s way higher…
- Portugal FinMin Gaspar says structural reforms will reinforce economy’s competitiveness
- Kiwi wings clipped…
- Germany’s Schaeuble: Situation In Fin Markets Still Worrisome
- AUD/USD finds a good buyer…
- Italy August adj jobless 7.9%
- EUR/USD extends recovery
- German FinMin Schaeuble: International financial market situation is still cause for concern
- France Public Debt Rose E46.4 Bln in 2Q To 86.2% Of GDP:Insee
- Middle Eastern sovereign buying seen in EUR/USD
- Lots of talk of lumpy EUR/GBP orders
- FRANCE DATA: PUBLIC DEBT ROSE E46.4 BN IN 2Q TO OF…
- FRANCE DATA: AUG PPI FLAT M/M, +6.3% Y/Y; JUL +0.5%..
- FRANCE DATA: AUG CONSUMER GOODS SPENDING +0.2% M/M,..
- French August consumer spending +0.2% m/m
- EUR/GBP touch firmer in early European trade
- German EconMin Roesler says sees no need to boost Europe’s EFSF fund with leveraging
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EMU DATA: Eurozone inflation surprised to the upside, coming in at +3.0% for the year in September, its highest level in nearly three years, Eurostat reported, citing its flash forecast. – For details see MNI MainWire
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EMU DATA: The unemployment rate in the Eurozone held firm at 10.0% in August as expected, Eurostat reported on Friday. – See MNI MainWire for details
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Euro zone August unemployment at 10% unchanged from July- as expected EUR/USD slipped again despite no surprises. Real money downward pressure remaining in thin month end trading with euro down around 10 ticks to 1.3525
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Almost up to the Asian highs of 76.86 with a recent high of 76.84, but as usual a painfully slow process. Offers apparently are plentiful ahead of stops poised on a break of 77.05 and 77.35/40
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State will drastically reduce presence in private sector
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But it couldn’t fly anyway…. Having seen earlier 6 month lows of 0.7627 the poor old bird is continuing to struggle, despite some strong buying from a major Swiss name and some proprietary accounts., which rallied the pair to 0.7643 A sovereign interest has been seen on the sell side which is keeping NZD/USD heavy after [...]
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BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble on Friday again warned that the debt crisis threatens to negatively affect the economy, noting that growth is already slowing. “The situation in international financial markets continues to be worrisome,” Schaeuble said in a speech in Germany’s upper house of parliament, the Bundesrat, ahead of a vote [...]
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We’re picking up from earlier lows of 0.9715 with some strong buying in the 0.9735/40 area just now from a major Australian bank. Levels to keep an eye on are the NY low of 0.9707, where there are likely bids , but a break down through 0.9700 will target the lows seen earlier on Monday of 0.9622. [...]
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Down from 8.0% in July and better than Reuters’ median forecast of 8.0%.
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Back up at 1.3530. Eastern European selling has slowed, but not stopped, the pairings’ recovery. Middle East 1 - Eastern Europeans 0 Will be interesting to see how things pan out from here, 1.3530/40 was the area where real money selling kicked in earlier this morning. Will they still be around? Time, as they say, will tell.
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We are seeing cooling down of economic growth in Germany
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PARIS (MNI) – France’s outstanding public debt rose E46.4 billion in the second quarter of this year to approximately 86.2% of GDP, up 1.7 percentage points from 1Q’s level, the national statistics institute INSEE reported on Friday. Central government debt rose 4.1% to E1.339 trillion, reflecting an increase of E52.6 billion. As was the case [...]
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Around 1.3490. We’re at 1.3502. Talk of sell stops gathering through both 1.3475 and 1.3470. Take your pick, what’s 5 pips between friends.
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Life is never easy. Those looking for a smooth ascent in EUR/GBP on the back of Buba month end buying may be disappointed. I’m hearing talk of lumpy orders on both sides of the market. Talk of French bank with 2.5 yards to buy, while UK clearer is said to have upwards of 3 yards [...]
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FRANCE DATA: PUBLIC DEBT ROSE E46.4 BN IN 2Q TO 86.2% OF GDP: INSEE} – For more details, please see MNI Mainwire
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FRANCE DATA: AUG PPI FLAT M/M, +6.3% Y/Y; JUL +0.5% M/M} – FRANCE AUG MFG PPI FLAT M/M, +6.2% Y/Y} – FRANCE AUG OIL PRODUCT PRICES FLAT M/M, +6.7% Y/Y} – FRANCE AUG FOOD AND TOBACCO PRICES FLAT M/M, +6.8% Y/Y} – FRANCE AUG IND IMPORT PRICES -0.4% M/M, +7.6% Y/Y} – For details see [...]
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FRANCE DATA: AUG CONSUMER GOODS SPENDING +0.2% M/M, +0.3% Y/Y} – FRANCE AUG CONSUMER SPENDING BELOW SURVEY MEDIAN (+0.3% M/M)} – FRANCE JUL CONSUMER GOODS SPENDING -0.2% M/M, -1.4% Y/Y} – FRANCE JUL+AUG CONSUMER SPENDING +0.5% VS 2Q; 2Q -1.9% Q/Q} – See MNI MainWire for details
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Slightly below Reuters’ median forecast of +0.3%. August producer prices unchanged m/m, slightly stronger than Reuters median forecast of -0.2%. EUR/USD has fallen to 1.3510. Yesterday there was some vague talk of month end dollar demand , but as yet I haven’t managed to get this confirmed. Real money the notable sellers in this latest leg lower. They’ve [...]
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Up at .8693 from .8680 when I sat down. Guess we should be on the look-out for some Bundesbank buying of the cross today, given it’s the last day of the month.
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I think the Germans have made their feelings on EFSF leveraging pretty plain.
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