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- Italian August Non EU trade balance -E2.399bln
- AUD/USD pushing up through Asian highs..
- Update: UK Aug Mortgage Approvals Highest Since May 2010: BBA
- UK Aug Mortgage Approvals Highest Since May 2010 – BBA
- UK mortgage approvals for home purchase 35,226 in August
- A rather sparse order board after yesterday’s clearout..
- SNB: Swiss Economic Activity to Come to a Halt in 2H
- Germany has 5 trillion euros of hidden debt, Handelsblatt says
- Germany Seeks Bids On E3 Bln New 12-Mon Bubills; Sale Sep 26
- SNB quarterly bulletin: Will enforce franc cap with ‘utmost determination’
- European stocks off to good start……
- FRANCE DATA: September consumer morale 80; August 85.
- FRANCE DATA: September mfg sentiment 99 vs July 105..
- French consumer confidence falls to 80 in September
- Talk Bank of Korea may have sold at least $4 bln to support won Friday
- Head of French markets regulator: 15 to 20 banks in Europe need to be recapitalised
- Eurostoxx 50 futures up +0.4%
- Greek FinMin told lawmakers sees three scenarios – Media
- Dep Russian FinMin Storchak: Dollar remains the best available reserve currency
- Repeat:ECB’s Noyer:Banks Can Withstand Worst Re Greece
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Slight improvement on August 2010 balance of -E2.546 bln EUR/USD going nowhere around 1.3540
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Just edged up through the Asian highs of 0.9863 to 0.9867, but quickly running out of steam with likely selling resurfacing from longer term funds, who apparently have been caught out in the move of the last couple of sessions. We’re back down around 0.9850. More offers waiting up at 0.9880/00
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–Adds Detail On Consumer Credit To Version Transmitted At 0830 GMT –UK BBA: Aug s.adj Mortgage Approvals 35,226 Vs 33,734 Jul –UK BBA Aug s.aj Remortgage Approvals 27,114 Vs 26,229 Jul –UK BBA: Aug Value Of Loans For House Purchase Stg5.189 Bln LONDON (MNI) – August mortgage approvals rose to their highest levels since May [...]
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–UK BBA: Aug s.adj Mortgage Approvals 35,226 Vs 33,734 Jul –UK BBA Aug s.aj Remortgage Approvals 27,114 Vs 26,229 Jul –UK BBA: Aug Value Of Loans For House Purchase Stg5.189 Bln LONDON (MNI) – August mortgage approvals rose to their highest levels since May last year, according to the latest British Bankers’ Association data. The [...]
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Up from 33,734 in July and highest number since May 2010.
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GBP/USD- Tech support 1.5370/75, 1.5335/40. Offers 1.5485/05. Stops up through 1.5510 EUR/GBP- Tech support 0.8745/50, 0.8710. Offers 0.8790/00 USD/JPY- Bids 76.10, 75.90/95 and 75.10. Sell stops down through barriers at 75.75 and 75.50. Offers 76.40, 76.75 and 77.00 . EUR/JPY – Tech support 102.70, 102.25. Offers 103.45/50, 103.70/80., 104.35/40 EUR/USD- Tech support 1.3455, 1.3385. Offers 1.3570, 1.3600 [...]
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FRANKFURT (MNI) – The Swiss National Bank (SNB) said it expects economic growth to come to a halt in the second half of the year. Switzerland’s central bank said in its quarterly report published Friday, that economic activity in Switzerland is suffering from the effects of a strong Swiss franc and softer international demand. It [...]
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Bloomberg article. Story has been duly noted by the market and garnered little response. EUR/USD hardly changed on day, very marginally firmer at 1.3522.
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FRANKFURT (MNI) – The German federal government is seeking bids for a E3 billion sale of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, September 26. The announcement of the auction results will be made shortly thereafter. The bubills will settle on Wednesday, September 28, 2011 and mature [...]
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Franc still ‘high’, should continue to weaken Cap will help fight risk of deflationary development Ready to buy currencies in ‘unlimited quantities’ Swiss growth will ‘come to a halt’ in second half
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FTSE up 1.2%, DAX up 1.2%. CAC 40 up 1.5%. Stoxx Europe 600 banking index up 1.8%. The question is can they hold, or even build on these early gains, or is this just going to be a dead cat bounce.
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FRANCE DATA: September consumer morale 80; August 82; July 85 (86) – Below expected; MNI analysts survey median forecast 84 – Buying-propensity down five points from July – Future inflation worries unchanged – Jobless fears up 23 points from July’s level – For details see MNI MainWire
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FRANCE DATA: September mfg sentiment 99 vs July 105 – Below expected; MNI analysts survey median forecast 102 – Execs’ own-company outlook 4 vs July 8 (6) – Sector production outlook -29 vs July 3 – See MNI MainWire for details
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Weaker than median forecast of 84. Manufacturing industry morale for September falls to 99, weaker than median forecast 102. Happy dayz No matter, EUR/USD has ticked up to 1.3540.
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Serious then…..
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Didn’t we know that already? French banks (ofcourse) don’t need recapitalization EUR/USD sits at 1.3503, effectively net unchanged in the past couple of hours I’ve been sitting infront of the screens. Maybe it’ll be a quiet one
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DAX up +0.2%, CAC 40 futures up +0.5%. Seems those bookies were a little overly optimistic. Gold off ten bucks since I sat down, as metals in general continue to get hammered…..
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1) Messy default 2) Implementing July 21 deal 3) Orderly default with 50% haircuts for lenders Says It would be “very dangerous” for Greece to ask for 50% haircut, would require “agreed and coordinated effort by many”
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Russia to decide on loan to Cyprus no earlier than end of year Russia still interested in investing in EFSF, but no need to force the process (yer, we got all the time in the world…)
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–Retransmitting Story Published 23:36 ET Thursday –No Need For Another Stress Test For European Banks By Yali N’Diaye WASHINGTON (MNI) – European Central Bank Governing Council member Christian Noyer said Thursday that while the worst outcome is unlikely for Greece given Europeans’ efforts avoid it, European banks could withstand writing down 100% of their debt [...]
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