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- ECB Trichet: ECB To Accept BBB- Collateral Beyond End 2010
- Cable having good day
- ECB Nowotny: Euro Drop No Worry, Could Help EMU Exports:Press
- EU’s Rehn: Greece on track to meet deficit reduction target this year
- Italy March business morale rises to 84.1
- ECB’s Trichet: We do not wish to breed dependency
- USD/JPY slips back slightly
- ECB: E43.322 Bln Covered Bond Purchases Settled Mar 24
- French February consumer spending weaker than expected
- EUR/USD rallies back
- UK’s Darling: UK coming through recession, public finance figures are better but further to go
- German Gfk April consumer confidence better than expected
- BOJ’s Kamezaki: BOJ will do utmost to pull Japan out of deflation
- Government of Dubai to support restructuring of Dubai World, Nakheel through $9.5 bln in new funding
- PBOC’s Zhu: Chnia should and could move toward a floating currency regime
- EUR/USD lower as 1.3300 gives out
- EMU Data: MNI Survey Of Econ Data Forecasts, March 25
- Germany Data: MNI Survey Of Econ Data Forecasts, Mar 25
- Early Europe “Slap” EUR/USD First Up
- Japan Average Regular Gasoline Price Up 3rd Week In Row
| ECB Trichet: ECB To Accept BBB- Collateral Beyond End 2010 Posted: FRANKFURT (MNI) - The European Central Bank will maintain laxer collateral rules beyond the end of 2010, ECB President Jean-Claude Trichet said Thursday. As of next year, the central bank will introduce larger haircuts for lower graded collateral, the president ... |
| Posted: Cable and sterling in general are having a better day. Cable up at 1.4930 from early 1.4860, while GBP/JPY up at 137.30 from around 136.80. Earlier news that Dubai government will support Dubai World's debt restructuring with $9.5 bln funding will be one factor at play here, given UK banks exposure ... |
| ECB Nowotny: Euro Drop No Worry, Could Help EMU Exports:Press Posted: FRANKFURT (MNI) - The euro's recent decline is no cause for concern but should help boost Eurozone exports, European Central Bank Governing Council member Ewald Nowotny told Austrian paper News in an interview published Thursday. "One certainly does not need ... |
| EU’s Rehn: Greece on track to meet deficit reduction target this year Posted: EU Commission encourages EU leaders to decide on mechanism to help Greece Working with euro zone countries, ECB to reach agreement on Greece this week Worst of financial crisis may be over, but recovery fragile and not self-sustaining |
| Italy March business morale rises to 84.1 Posted: From downwardly revised 83.8 in February (prev 84.0) This is below the median forecast of 84.5, but is highest read since June 2008. |
| ECB’s Trichet: We do not wish to breed dependency Posted: Keeping support measures in place for longer than needed risks having dependency Current monetary policy is appropriate Transparance must be increased on CDS markets Pace of recovery will be uneven Economic recovery in progress but does not mean crisis over Other challenges facing the euro zone include public finances Policy measures at national level must keep ... |
| Posted: USD/JPY having enjoyed a decent rally yesterday on the back of sharply rising US yields, is slipping back lower at present having run into Japanese exporter selling interest overnight in Asia. We're down at 91.80 from a North American close Wednesday up around 92.25. Buy orders noted down at 91.50/70. Probably some trailing ... |
| ECB: E43.322 Bln Covered Bond Purchases Settled Mar 24 Posted: FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E43.322 billion Eurosystem covered bond purchases had settled as of March 24. As of March 23, settled acquisitions had totaled E43.161 billion, the ECB said Wednesday. The ... |
| French February consumer spending weaker than expected Posted: French February consumer spending has come in at -1.2%, much weaker than median forecast of +0.3% EUR/USD has slipped back slightly, presently at 1.3328, aforementioned sell orders at 1.3340/50 so far capping rally. |
| Posted: EUR/USD is rallying back, presently up at 1.3335, amid usual talk of sovereign buying interest. Talk sell orders 1.3340/50. Probably small trailing stops above 50, but no confirmation of such. We await the avalanche of rhetoric which will eminate from the two day EU summit. |
| UK’s Darling: UK coming through recession, public finance figures are better but further to go Posted: Cuts to be made will be very tough, difficult Withdrawing support from economy now risks tipping it back into recession Cable little changed from yesterdays North American close. Having found support down in the 1.4850/60 area, presently sits at 1.4895. Retail sales data for February due at 09:30 GMT. Expected +0.6% m/m, +2.9% y/y. |
| German Gfk April consumer confidence better than expected Posted: Has come in at an unchanged 3.2, better than median forecast of 3.1. |
| BOJ’s Kamezaki: BOJ will do utmost to pull Japan out of deflation Posted: Japan's economy somewhat overshooting BOJ's forecasts Have no idea now if more steps needed when BOJ issues April 30 report Should not be too early or too late in taking policy steps Effect of easing is bigger when economy performing better than forecast BOJ should not yield to pressure or be foreced into action BOJ's ... |
| Government of Dubai to support restructuring of Dubai World, Nakheel through $9.5 bln in new funding Posted: Support comes through Dubai Financial Support Fund Support ensures that Dubai World and Nakheel key contributors to economic future of Dubai, UAE Funding includes $5.7 bln remaining from previous loan made by government of Abu Dhabi, internal Dubai resources Govt offering to recapitalise Dubai World through the equitisation of the government's $8.9 bln ... |
| PBOC’s Zhu: Chnia should and could move toward a floating currency regime Posted: Wants to make sure loan growth is smooth March loan growth is expected to slow Some sectors showing further over capacity Key issue for rebalancing growth is adjusting capacity among producers, requires policy coordination Interest rate rises not only way to implement exit strategy |
| EUR/USD lower as 1.3300 gives out Posted: EUR/USD sits at 1.3290, down from a North American close Wednesday up around 1.3320, with the well documented 1.3300-1.4300 DNT now history. Two day EU summit starts today, but chances of aid package for Greece being announced at the end of it slim to non-existent if you believe recent German rhetoric. Ominous ... |
| EMU Data: MNI Survey Of Econ Data Forecasts, March 25 Posted: ... |
| Germany Data: MNI Survey Of Econ Data Forecasts, Mar 25 Posted: GfK Consumer Confidence April ... |
| Early Europe “Slap” EUR/USD First Up Posted: Early European players have given EUR/USD a nudge on the downside, triggering the barriers at 1.33 even and taking out stops just below. Official low so far 1.3283. GBP/USD and AUD/USD followed suit with GBP/USD running down to 1.4854 just ahead of reported bids at 1.4850 whilst AUD/USD slumped from ... |
| Japan Average Regular Gasoline Price Up 3rd Week In Row Posted: TOKYO (MNI) - The average price of regular gasoline in Japan this week rose to ... |
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