German lawmakers start to vote on enhanced euro zone rescue fund in Bundestag lower house of parliament



Link to ForexLive
Posted:
Posted:
BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble warned on Thursday that the Eurozone debt crisis could have a harmful impact on the real economy. Speaking in parliament ahead of the vote on the government’s bill to enlarge the European Financial Stability Facility (EFSF), Schaeuble noted that many people are worried that the debt crisis [...]
Posted:
September — MNI analysts survey — August Revised lowest median highest from ———————————————————————— Econ Sentiment 95.0 93.0 96.0 97.9 98.4 98.3 Industry -5.9 na na na -2.7 -2.9 Services 0.0 na na na 3.7 — Consumers -19.1 na na na -16.5 — Retail -9.8 na na na -8.7 — Construction -26.0 na na na -23.4 [...]
Posted:
EMU DATA: September econ sent index down to 95.0; August rev to 98.4 (98.3): European Commission – EMU September econ sentiment below MNI survey fcast median (96.0) – EMU September consumer confidence down to -19.1 – EMU September industry confidence down to -5.9 – EMU September services confidence down to 0.0 vs August +3.7 – [...]
Posted:
Slightly below expectations of 96.0 Sept Industrial climate -5.9 vs -2.7 in Aug, Services sentiment  flat vs 3.7 in August Sept consumer sentiment -19.1 vs -16.5 in Aug Sept consumer inflation expectations 25.3 vs 26.0 in Aug Sept Business climate -0.06 (expected -0.11) vs revised +0.06 in Aug EUR/USD off slightly on the news, presently at 1.3642.  [...]
Posted:
– updating with details on historical comparison, outlook SA Unemployment: -26k (pan-German), -18k (West), -8k (East) MNI survey median: -5k m/m MNI survey range: -10k to -4k m/m – FRANKFURT (MNI) – The ranks of unemployed in Germany contracted by more than even the most optimistic forecasts expected in September, while the number of job [...]
Posted:
THAT’S TELLING YOU!!! And you…. And even you over there…. Repeats all changes to EFSF have to be approved by German Parliament Aid payment for Greece only possible after Troika conditions met by Greece We are in an extraordinarily difficult situation, market nervousness could spread to real economy Decision on next aid tranche for Greece open, [...]
Posted:
From retail names , i’m reliably informed by a UK clearer UPDATE: I’m now hearing there are offers in front of the above at 1.5705/10 as well, but the bigger stuff is at 1.5710/25
Posted:
–BOE: Overseas Gilt Holdings Cut by stg749mln m/m in Aug LONDON (MNI) – Overseas gilts holdings were cut in August, according to Bank of England data, casting further doubt on the idea of the UK as a “safe haven”. Overseas gilt holdings were cut by stg749 million in the month of August, having risen just [...]
Posted:
–BOE: UK Aug House Purchase Approvals 52,410 Vs 49,644 Jul –BOE: Overseas Gilt Holdings Cut by stg749mln m/m in Aug –BOE: UK Aug Net Mortgage Lending Change m/m stg0.555bn –BOE: UK Aug Net Consumer Credit stg0.459bn; Vs stg0.293bn Jul London (MNI) – August mortgage approvals rose to their highest level since December 2009, surpassing analysts’ [...]
Posted:
Ain’t we all matey…… CIC is the China sovereign wealth fund. China cannot be expected to buy high-risk euro zone without clear picture of debt workout programme (you mean it isn’t clear?) Europe should remove hurdles to investment and trade flows from China and other high-growth markets Over time  Europe will come out of the [...]
Posted:
Slightly better than forecast and highest since Dec 2009 August net consumer credit  +£0.5 bln  vs +£0.3 bln in July (expected +£0.2bln) August  mortgage lending +£0.6 bln vs +£0.7bln in July August M4 growth  -0.2%m/m, -0.6% y/y GBP/USD  gets a boost to 1.5702 on the release before falling back to 1.5685
Posted:
LONDON (MNI) – The global economy’s slowdown over the summer has shifted the momentum of the interest rate debate in the UK from one that leaned toward higher rates, says Bank of England Chief Economist Spencer Dale. In an interview with the Daily Mail published Thursday, the Monetary Policy Committee member said before the summer, [...]
Posted:
SA Unemployment: -26k (pan-German), -18k (West), -8k (East) MNI survey median: -5k m/m MNI survey range: -10k to -4k m/m – FRANKFURT (MNI) – The ranks of unemployed in Germany contracted by more than even the most optimistic forecasts expected in September, while the number of job vacancies continued to climb, the Federal Labour Office [...]
Posted:
As usual in these markets they were duly taken out with little in the way of a follow through. USD fell to 0.8918 on the EBS before bouncing back to 0.8930
Posted:
Had a good bounce this morning with some help from  steady sales in EUR/AUD and GBP/AUD, i’m told by a reliable source. Some option related interest around 0.9900 as well. High so far’s  been 0.9874 and were sitting currently around 0.9870
Posted:
GERMANY DATA: September sa unemployment -26k m/m (MNI median -5k): Federal Labour Office. – Germany September sa unemployment rate 6.9% (MNI median 7.0%) – Germany September sa unemployment 2.922 mln vs August 2.948 mln – Germany September nsa unemployment rate 6.6% vs August 7.0% – Germany September nsa unemployment 2.796 mln vs August 2.945 mln [...]
Posted:
Better than Reuters’ median forecast of -8k. Sorry in my excitment  (yes I get excited on average about once a month) I totally missed the release. How shoddy. Obviously has helped support single currency.
Posted:
BERLIN (MNI) – Germany’s largest opposition party, the center-left SPD, on Thursday reaffirmed that it will vote for the government’s bill on an empowering the European Financial Stability Facility (EFSF). “We will vote for the bill,” Peer Steinbrueck, who was finance minister in the former government, said in a speech in parliament ahead of the [...]
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)