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- European stocks extending early gains
- ECB’s Nowotny; EU, ECB measures aim to prevent a worsening of crisis, vicious cycle developing
- Dutch FinMin: Not Particularly Concerned About Euro At Moment
- Cable bulls finally find the stops
- China Foreign Ministry: Yuan exchange rate not cause of sino-US trade imbalance
- Cable holding up as market awaits OBR
- Germany May Total Tax Revenue Growth Slows To +1.6% Y/Y; Press
- BoF: France’s May Retail Sales Up 1% m/m,Boosted By World Cup
- ECB: E56.713 Bln Covered Bond Purchases Settled Jun 13
- Fed’s Bullard: U.S. inflation well-contained now
- EU Van Rompuy: EMU Was A “Victim” of Its Own Success – FT
- CBI raises UK growth forecast as pound drop aids exporters
- Office for Budget Responsibility ushers in the era of hard choices
- EMU Data: MNI Survey Of Econ Data Forecasts, June 14
- EUR/USD bulls finally find stops
- Japan Apr Industrial Output Unrevised +1.3% M/M Vs Mar +1.2%
- ForexLive Asian market wrap: early stop-loss drive, then quiet
- USD/JPY: demand generated through crosses but corporate sellers await
- Around the markets: regional bourses +1.3%
- Korean Won rallies 2% as details of FX rules clear uncertainty
| European stocks extending early gains Posted: European stocks having opened firmer are presently extending their gains helping lend EUR/USD support. We've just posted session high 1.2218. Oil up over one and a quarter bucks reflecting general bullish sentiment. With EUR/USD, 1.2230 looms as 21 dma. |
| ECB’s Nowotny; EU, ECB measures aim to prevent a worsening of crisis, vicious cycle developing Posted: Makes sense to restrict bank activities beyond providing credit to real economy Budget cuts have short-term cost for economic growth, but important for long-term sustainability Currency developments give chance to develop exports Bond buys are not QE, volume is contained |
| Dutch FinMin: Not Particularly Concerned About Euro At Moment Posted: By David Barwick JERUSALEM (MNI) - The euro's recent drop is not especially worrisome if viewed in historical perspective, Dutch Finance Minister Jan Kees de Jager told Market News International on Sunday. De Jager, speaking on the margins of a conference ... |
| Cable bulls finally find the stops Posted: Cable bulls finally found the stops said to lie "above" 1.4670 and we moved quickly to session high 1.4685 before settling back, presently at 1.4672. Talk of fund buying in recent trade. |
| China Foreign Ministry: Yuan exchange rate not cause of sino-US trade imbalance Posted: Govt will keep yuan exchange rate "basically stable" at a reasonably balanced level. Will proceed with exchange rate reform in controllable, gradual way Exchange rate reform will take into account global, domestic economic conditions US politicians should focus on solving own economic problems not accusing others Warns against "politicizing" exchange rate issue or ... |
| Cable holding up as market awaits OBR Posted: Cable is holding up well as the market awaits OBR forecasts for UK economy due at 10:00 am local time. The market will have duly noted Andrew Sentance in The Times, raising the spectre of higher UK interest rates. We're at 1.4665. Earlier heard talk of stops "above" 1.4670. We've been ... |
| Germany May Total Tax Revenue Growth Slows To +1.6% Y/Y; Press Posted: --Govt Now Expects 2010 Total Public Deficit Of Only 4.25%; Press BERLIN (MNI) - Germany's total public tax revenue growth slowed to +1.6% on the year in May, German business daily Handelsblatt reported Monday citing Finance Ministry sources. In April, total ... |
| BoF: France’s May Retail Sales Up 1% m/m,Boosted By World Cup Posted: PARIS (MNI) - French retail sales rose in May, boosted by sales of televisions in advance of this summer's soccer World Cup, the Bank of France estimated Monday on the basis of its monthly business survey. The central bank said ... |
| ECB: E56.713 Bln Covered Bond Purchases Settled Jun 13 Posted: FRANKFURT (MNI) - The European Central Bank said Monday that a total of E56.713 billion Eurosystem covered bond purchases had settled as of June 13. As of June 10, settled acquisitions had totaled E56.547 billion, the ECB said Friday. The ... |
| Fed’s Bullard: U.S. inflation well-contained now Posted: May have inflation risk in medium-term because of fiscal deficit, ultra easy monetary policy Europe crisis hasn't pushed back timing of next move in Fed funds rate Don't see singns of contagion from Europe to U.S., Asia Change in Fed funds rate depends on how U.S. economy recovers U.S. recovery will have to be ... |
| EU Van Rompuy: EMU Was A “Victim” of Its Own Success – FT Posted: FRANKFURT (MNI) - The European Monetary Union was a victim of its own success since underlying fiscal problems were masked by the strength and low interest rates of the euro, European Union President Herman Van Rompuy said in an interview with the Financial Times published ... |
| CBI raises UK growth forecast as pound drop aids exporters Posted: CBI has raised its 2010 GDP forecast to 1.3% from previous 1%. Group has left 2011 forecast unchanged at 2.5%, some way below previous government's 3.25%. |
| Office for Budget Responsibility ushers in the era of hard choices Posted: OBR to release forecasts 09:00 GMT. |
| EMU Data: MNI Survey Of Econ Data Forecasts, June 14 Posted: ... |
| EUR/USD bulls finally find stops Posted: After all the conjecture Friday about exactly where the stops were hiding in EUR/USD the euro bulls finally found them and EUR/USD has been as high as 1.2207 during the Asian session. Pairing sits presently at 1.2173. Asian stocks performed well and European stocks now look set to open firmer too. Very ... |
| Japan Apr Industrial Output Unrevised +1.3% M/M Vs Mar +1.2% Posted: TOKYO (MNI) - Japanese industrial production rose 1.3% in April from the previous month, unrevised from the preliminary reading, ... |
| ForexLive Asian market wrap: early stop-loss drive, then quiet Posted: Heavy stop-loss buy orders triggered on break above 1.2150 in EUR/USD US administration changing tactics in Yuan debate President Obama pressing BP to set up escrow account Korean Won rallies almost 2% as uncertainty clears US banks losing swaps battle with financial reformers German and French banks bearing major share of debt burden with PIIGS Chinese ... |
| USD/JPY: demand generated through crosses but corporate sellers await Posted: AUD/JPY and EUR/JPY have moved higher this morning in line with improved risk appetite, with AUD/JPY up almost 1 % on the day. This has dragged USD/JPY back towards hourly highs around 92.00. The next 50 to 75 pips of gain will probably not require overly heavy lifting but its the big ... |
| Around the markets: regional bourses +1.3% Posted: The Nikkei is +1.5% and the Kospi is +1.1% half-way through the trading day. Chinese markets are closed for the next 3 days and Australia is also closed today. Gold is slightly higher at $1232/oz and the oil price is 1% higher at $74.50/bbl as optimism sneaks back into the ... |
| Korean Won rallies 2% as details of FX rules clear uncertainty Posted: The use of FX forwards, options and swaps will be reined in to reduce volatility in the KRW and the South Korean has rallied almost 2% this morning now that the details are emerging, Bloomberg reports. On a related issue, another BIS study has endorsed the use of swaps when dealing ... |
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