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- Greek PM: Says Greece fiscal crisis is only tip of iceberg, has reached dramatic dimensions
- UK February manufacturing PMI 56.6
- EUR/USD extends rally; notable buyer seen
- Euro zone February final manufacturing PMI 54.2
- German February final manufacturing PMI 57.2
- French February final manufacturing PMI 54.9
- Italy February manufacturing PMI dips fractionally
- Greek/German 10-year government bond yield spread narrows to 302 bps, tightest since mid-February
- Swiss February PMI better than expected
- “We have the torture equipment in the cellar” – Juncker
- Prudential confirms it is in advanced discussions with AIG
- Eurogroup’s Juncker: Would act against market speculation if it ignores Greek reform efforts -Newspaper
- Spain’s Economy Minister: Euro zone will not just stand by if a member is in trouble
- China risking property bubble with prices rising 20% a month
- Don’t go wobbly on us now, Ben Bernanke
- Cable starts week on backfoot
- EUR/USD steady after narrow rangebound Asian trade
- winter Olympic results in full
- Asian FX market wrap: GBP again the biggest loser
- Investors ready themselves for ‘run on the pound’
| Greek PM: Says Greece fiscal crisis is only tip of iceberg, has reached dramatic dimensions Posted: Calls on citizens to help out with effort despite cost Ready to deal with crisis with determination and courage Corruption, lack of rule of law, impunity root causes of crisis    |
| UK February manufacturing PMI 56.6 Posted: Better than median forecast of 56.1. Unchanged from upwardly revised 56.6 in January, which was strongest in 15 years. Has helped cable build on rally, presently at 1.5175. On the flip side, mortgage approvals in January 48,198, down from 58,223 in December, and below median forecast of 50,000. Sell orders now seen up at ...  |
| EUR/USD extends rally; notable buyer seen Posted: EUR/USD has extended it's rally to 1.3650 at writing, with sources reporting US investment bank seen good buyer in recent trade.  |
| Euro zone February final manufacturing PMI 54.2 Posted: Up from 52.4 in January and very slightly firmer compared to flash estimate of 54.1 and a 30-month high.  |
| German February final manufacturing PMI 57.2 Posted: Up from 53.7 in January, slightly firmer from 57.1 flash estimate/median forecast, highest read since June 2007.  |
| French February final manufacturing PMI 54.9 Posted: Down from 55.4 in January, but slightly better than 54.6 flash forecast/median forecast.  |
| Italy February manufacturing PMI dips fractionally Posted: Has come in at 51,6, down from 51.7 in January, below median forecast 52.1 and first fall in index since August 2009.  |
| Greek/German 10-year government bond yield spread narrows to 302 bps, tightest since mid-February Posted: ECB's Stark in Athens with EU Commissioner Olli Rehn to discuss Greek situation.  |
| Swiss February PMI better than expected Posted: Has come in at 57.4, better than median forecasts of 56.0. EUR/CHF continues to see very steady trade, presently at 1.4637.  |
| “We have the torture equipment in the cellar” – Juncker Posted: Juncker has told German daily Handelsblatt "If the Greeks hold on to the strict parameters and the markets continue to speculate against Greece, we will not let them just march through" adding "we have the torture equipment in the cellar, and we will show them if needed." The official declined to ...  |
| Prudential confirms it is in advanced discussions with AIG Posted: Can be no certainty that these discussions will lead to any agreement. Cable has recovered back to 1.5137 at writing having earler dipped below 1.5100. Talk of sell orders up at 1.5150/60. I'd hazard a guess buy stops gathered not far north of 1.5200.  |
| Posted: Awaiting details.  |
| Spain’s Economy Minister: Euro zone will not just stand by if a member is in trouble Posted: No they won't. But they'll expect their pound of flesh.  |
| China risking property bubble with prices rising 20% a month Posted: Chnia is in the midst of such a vast property boom, with prices leaping 20% a month in some regions, that developments are taking on fairly tale dimensions.  |
| Don’t go wobbly on us now, Ben Bernanke Posted: Latest from AEP  |
| Posted: Cable sits at 1.5150, down a full cent from Fridays North American close. Weekend poll shows Labour just 2 points behind Tories. The spectre of a hung parliament is weighing on sterling. There is also some anticipaton of large negative M&A flows eminating from Prudential's potential purchase of Asian life insurance ...  |
| EUR/USD steady after narrow rangebound Asian trade Posted: EUR/USD sits at 1.3615, little changed from a North American close Friday around 1.3630. Little reaction to weekend reports Germany and France have agreed to help Greece sell their bonds in return for greater efforts to cut the Greek budget deficit. Euro zone data due today: 08:45 GMT: Italian PMI manufacturing (Feb) 08:50 GMT: ...  |
| winter Olympic results in full Posted: First post on your truly excellent site. The Eu's maybe not quite so bad when you look at the total medals from Vancouver Country G S B sum EU 31 35 42 108 Canada 13 7 5 25 United States 9 14 13 36 Norway 9 8 6 23 South Korea 6 6 2 14 Switzerland 6 ...  |
| Asian FX market wrap: GBP again the biggest loser Posted: Weekend polls suggesting a hung parliament in the UK have encouraged further selling of the GBP Potentially large M&A flows also undermine the pound Reports that Germany and France will buy Greek debt have suported the EUR, especially on the crosses Australia's current account deficit as expected at AUD$17.45 bln Chinese February PMI slips ...  |
| Investors ready themselves for ‘run on the pound’ Posted: As this Bloomberg article shows, many investors think that the move lower in the GBP hasn't really begun in earnest and are preparing themselves for a further 20%-30% fall in sterling.  |
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