Markets Are Tumbling In Europe
6,397 -19 – 0.30%
7,763 -109 – 1.38%
3,737 -38 -1.00%
8,058 -102 -1.24%
293-2 - 0.66%
Euro Zone Crisis Is Back — On Multiple Fronts
Europe’s finance ministers meeting in Dublin on Friday are facing a renewed crisis on multiple fronts,with a backlash against austerity acting as a gloomy backdrop for negotiations over bailout extensions for Portugal and Ireland, while tackling Cyprus’s botched bailout and growing [...]
Commerzbank’s Kinsella Says BOE Monetary Policy Is Near Limit
4 min zerohedge‏@zerohedge
Most shorted RUT stocks continue to be squeezed. Note BTH performance since this piece:
Euro Crisis Is Coming Back…Again
Of course there is no way of knowing how bad or deep the European recession will get, but already the European Central Bank has trimmed its forecasts and made an effort to reassure itself and the world, that ECB monetary policy “will remain accommodative [...]
by GoldCore Gold Bullion
• Introduction – Gold’s Gains In All Fiat Currencies in 2012
• Much of Gold’s Gains in 2012 On 11% Price Gain in January 2012
• Japanese Yen Shows How Gold Protects From FX Devaluations
• Food Inflation Risk As Wheat and Soybeans Surge in Price
• Currency Wars and Competitive Currency Devaluations
• Gold Remains Historically and Academically Proven Safe Haven
• Conclusion – Gold in 2013
Happy New Year
Introduction – Gold’s Gains In All Fiat Currencies in 2012
Gold saw [...]
Greece may be in flames, but its stock market is doing quite nicely.
In fact, the gains so far this year have outpaced those in many financially stronger countries—especially China.
While Greece’s battle to combat its deficit, secure aid and implement austerity measures has roiled global markets since the start of the European debt crisis, its benchmark stock market index is set to end 2012 sharply in the black.
As of Wednesday, the Athens Composite Index had [...]
September 17, 2012
Global stock markets were muted Monday as the boost faded from the Federal Reserve’s announcement last week of new measures to energize the U.S. economy.
Signs that European governments will take longer than expected to agree the details and set up their banking supervisor also weighed on sentiment
By the time the markets closed in Europe, Germany’s DAX was down 0.1 percent to 7,403 while France’s CAC 40 dropped 0.8 [...]
Currency trading bank says Greece’s new currency would fall by 60%
European markets relatively stable today despite the dire warning
FTSE-100 up 1.18%; CAC 40 up by 0.85%; DAX up 0.39%
Had plunged yesterday after Bundesbank said Grexit would be better
France and Germany disagree over Eurobonds at six-hour crisis summit
Officials say growth-led French gaining ground on austere-Germans
Nick Clegg to take swipe at those urging for Greece to quit the euro
The euro crashed to [...]
U.S. 10yr /quotes/zigman/3483607 1.44 +0.01 +0.35%
German 10y /quotes/zigman/3483351 1.26 +0.08 +7.06%
Italy 10yr /quotes/zigman/3483462 6.41 +0.09 +1.37%
Spain 10yr /quotes/zigman/3483373 7.53 +0.09 +1.20%
U.K. 10yr /quotes/zigman/3483428 1.53 +0.05 +3.62%
Japan 10yr /quotes/zigman/3483476 0.75 +0.01 +1.46%
The Euro Area Downturn Is Getting Worse! The Flash Eurozone purchasing managers index fell to 46.4 in July, which represents the sixth straight month below 50. And a reading below 50 signals contraction.
Economists were looking for a reading of [...]
European Stocks Post Biggest Two-Day Decline Since April
European stocks had the biggest two- day drop since April as concern grew that Greece will default and more Spanish regions will follow Valencia in seeking a bailout. U.S. index futures and Asian shares dropped.
BNP Paribas SA (BNP) paced losses in bank shares. BHP Billiton Ltd. (BHP), the world’s largest mining company, retreated 3.3 percent as a policy maker in China warned of cooling growth. Groupe [...]
The whole financial system of the planet is in panic mode…
GREECE WILL LEAVE EURO
via google translate:
The fate of Greece in the Euro-zone is less likely. The country can not realize the savings targets, the IMF wants to hire his help – and now comes the Greek Economy Minister Philipp Rösler little chance of keeping the euro.
Berlin / Madrid / Athens – Germany’s Economics Minister Philipp Rösler (FDP) sees little chance of [...]
I’ve been watching it for the past 10 minutes was -56 now pushing -100 moving fast.
Watch the action live…
China’s ‘5 apocalypses’ signal global recession – Paul B. Farrell
Warning: China’s local governments drowning in debt
Warning: China’s economic crisis triggering unrest
Warning: China’s ‘super rich’ now ‘exporting’ capital
Warning: China’s environmental crisis
Warning: Life-style demands triggering inflation
Futures are slowly sinking in ahead of the U.S. stock market open.
Dow futures are down a solid 100 points right now.
Asian stocks tanked and European [...]
So much for convincing investors that Europe is fixed.
The European Central Bank’s latest monetary policy decision—a 25 bps rate cut—hasn’t bolstered confidence, either.
UPDATE: Markets across Europe are tanking, although France and Germany are off their lows. No such luck for Spain. A quick look at the scoreboard:
German DAX: -0.6%
French CAC 40: -1.0%
Italian FTSE MIB: -2.1%
Spanish IBEX 35: -2.7%
The IBEX 35 is just getting destroyed:
Even more worrisome is the fact that borrowing costs are shooting higher [...]
The Spanish IBEX 35 and the Italian FTSE MIB got crushed today, after Greek elections failed to reassure markets that anything has changed for the troubled Spain and Italy.
Comments from German Chancellor Angela Merkel worsened the blow. She told reporters near the end of European trading that she will not budge on the terms of the Greece aid package.
In core Europe, the DAX held on to gains to end just slightly higher, but [...]
Maria Fekter amplified investors’ fears Europe is far from ending crisis
Italian and Spanish government 10-year bond yields rise above 6% level
Spain, Portugal, Ireland and Greece have already been bailed out
FTSE-100 is 0.34% up; France’s CAC 40 up 0.32%; DAX up 0.39%
Spain may have been temporarily saved from a complete economic meltdown with a €100billion bailout – but attention is now turning to Italy who could soon need similar help.
Austria’s finance [...]
Greek party Syriza: ‘Deal shows Europe abandoning policy of austerity’
Agreement in stark contrast to deal agreed with Greeks two years ago
Spain only told to restructure its troubled banking sector
Will not be subjected to inspections by troika or strict supervision
FTSE-100 up 1.52%; CAC 40 up 2.17%; DAX up 2.18%
Angry Greeks are demanding better terms on their country’s bailout after Spain was handed what they see as a ‘no-strings attached’ €100billion cash [...]
Major Indexes(Roll over for charts)
Country:Index Last Change % Chg
Stoxx Europe 50 2229.58 -27.60 -1.22
Stoxx Europe 600 236.16 -3.57 -1.49
Euro Stoxx 50 2082.76 -36.18 -1.71
Euro Stoxx 209.99 -3.88 -1.81
Belgium: Bel-20 2057.81 -35.75 -1.71
Denmark: OMX Copenhagen 20 426.64 -5.62 -1.30
Estonia: OMX Tallinn 602.64 -2.36 -0.39
Finland: OMX Helsinki 4875.21 -110.92 -2.22
France: CAC 40 2968.13 -48.88 -1.62
Germany: DAX 6101.07 -163.31 -2.61
Italy: FTSE MIB 12737.90 -135.94 -1.06
Latvia: OMX Riga 370.63 -4.44 -1.18
Lithuania: OMX Vilnius 335.28 [...]
European shares are in free fall right now, with all major indices down about 2 percent or more.
A look at the carnage so far:
CAC 40: -2.1%
FTSE MIB: -3%
IBEX 35: -2.1%
Meanwhile, the euro is also getting killed, briefly dipping to $1.261 before recovering to about $1.266, its lowest value since 2010. Meanwhile, U.S. Treasuries are confirming this risk-off attitude, with yields rivaling lows seen late last year.
This comes ahead of an [...]
raders have warned of more market turbulence after elections in Greece and France fuelled uncertainty over Europe’s ability to solve its debt crisis.
Germany’s Dax and France’s Cac-40 were more than 1% lower and the main stock exchange in Athens slumped 8% as markets worried that Greece’s failure to form a government has placed further doubt over the country’s rescue, increasing speculation over the eventual break-up of the single currency.
The election [...]
But Spain’s €1.1TRILLION economy is seen as being too big to bail out
Economy minister admits country is about to plunge back into recession
British banks lose combined £2billion in market value over fears
European financial markets remain calm over growing fears
Fears are rising that Spain will be the next member of the eurozone to beg for a financial bailout – after the interest it pays on its 10-year government bonds rose to [...]
European shares fell and the euro tumbled close to a one-year low against the dollar, as investors fretted over a crucial auction of long-term bonds by Italy.
While Italy paid sharply lower rates on Wednesday to raise €9.0 billion ($A11.6 billion) in a six-month bond sale, providing an early boost to equities, stocks and the euro later fell as investors looked ahead to Thursday’s auction.
In late afternoon deals, the euro slumped [...]
November 7, 2011
HSBC, a prized bankster asset connected to the City of London, is warning of a global depression, reports CNBC.
Analysts at the global banking and financial services company are looking at the “risk on – risk off paradigm” which they say is dominant feature of the market since the start of the financial crisis back in 2007.
“The recent events in the euro zone have caused the risk on [...]
• Reports: Greek PM may be forced out, unity govt formed
• Greek finance minister opposes PM’s referendum call
• Greece given ultimatum by France and Germany over euro
• Bond markets show eurozone fear but share prices climb
• China says cannot add to bail-out fund due to uncertainty
• UK at ’70pc risk’ of recession if no action taken in Europe
11.25 An excellent chart from Reuters showing what’s happened to European share prices today (in the [...]
Image: Alina Zienowicz, Wikimedia Commons
And once again we see how funny markets are.
The main takeaway from most of the reports was that the weekend in Europe was filled with ‘despair’ and that relations between countries had fallen to all-time lows, and that not much progress was made.
And yet! Stocks are higher across the board.
France’s CAC-40 is up 0.9% in early going. Germany is up 0.75%. Italy is up 0.8%.
And US futures [...]
A report leaked at the Brussels summit suggested the terms of the second Greek bail-out would have to be ripped up in order to stabilise the country Photo: EPA
Although the agreement will allow Athens to avoid imminent default, a report leaked at the Brussels summit on Friday night suggested the terms of the second Greek bail-out would have to be ripped up in order to stabilise the country.
The report – prepared [...]
The comments risk irritating the White House Photo: AP
German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
“I don’t understand how anyone in the European Commission can have such a [...]
So much for the stabilization after Thursday’s selloff.
European markets have lost early gains, with the FTSE 100, the CAC 40 and the DAX off over 1%.
Last night’s unexpected G-20 statement pledging to take strong coordinated actions to support Europe apparently was not convincing.
Dow futures point to a negative open, losing early gains of nearly 100 points. Here’s a chart:
(Excerpt) Read more at businessinsider.com …
Buckle up your seat belts!
Global stocks and commodities tumbled Thursday amid a string of disappointing economic reports and fears of meltdown in Europe’s banking system.
“The rapidly burning fuse is in the European banking system, particularly in France, and Europe is getting very close to yet another tipping point,” PIMCO’s Mohamed El-Erian writes in The Financial Times, which separately reports executives of BNP Paribas plan to tour the Middle East [...]
Pedestrians are reflected on the glass of stock indicators in downtown Tokyo on Friday Aug. 5, 2011. Asian stock markets are tumbling amid fears the U.S. may be heading back into recession and Europe’s debt crisis is worsening. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREA
BRUSSELS (AP) — Stocks around the world tumbled Friday ahead [...]
The meek and somnolent shall inherit nothing, because Europe just came back online and the apocalypse has resumed. Italian, Spanish and Belgian bonds opened lower, with spreads to Bunds surging the most since before the euro was introduced in 1999 (but before it was abolished in 2012). Specifically, the yield on 10-year Italian bonds jumped 19 basis points to 6.38% as of 7:40 a.m. in [...]
The European stock market reacted jubilantly to news that the Greek parliament agreed to Mafia-like terms demanded by the international loan sharking operation, the IMF. Investors looked myopically at the boards showing the London FTSE 100 up a smidgen along with Frankfurt’s DAX and CAC-40 in Paris. In the United States, stock futures ticked up modestly as Wall Street opened for the day. Dow Jones [...]
LONDON (AP) — Global stocks eased lower Tuesday as investors turned their attention toward a raft of economic news over the coming days and India’s central bank lifted interest rates to keep a lid on inflation.
The retreat in markets confirmed that any euphoria surrounding the death of Osama bin Laden has run its course, with investors far more interested in the state of the global [...]