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Moneycontrol.com Weak euro zone data weighs on European sharesReutersBy Joanne Frearson | LONDON (Reuters) – European shares fell on Wednesday for the second consecutive session as euro zone purchasing managers data suggested the region could tip into recession and potentially have a knock-on effect to company profits.MARKET COMMENT: Europe Stocks Fall After PMI Data, Greek [...]
USA TODAY EURO GOVT-Growth worries, Greece boost BundsReutersA day after Greece and its lenders agreed a 130-billion euro rescue deal, riskier assets were under pressure after Purchasing Managers Index data signalled the region may slip back into recession, sending nervy investors into low-risk German debt.Greek Bailout Wins Two Cheers From Wary Investors: Euro CreditBusinessWeekEuro Zone [...]
Moneycontrol.com Euro zone teetering on brink of recessionMoneycontrol.comThe euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. Surveys of purchasing managers …Euro-Area Manufacturing, Services Unexpectedly Contract: EconomyBusinessWeekEuro-Zone Business Activity [...]
CTV.ca Euro zone jitters force Greeks to slash swiftlySydney Morning HeraldGermany could cause the deal to unravel if it continues to oppose the euro zone creating a €750 billion ($ A930 billion)fund to act as a firewall against spreading of financial woes. At a G20 summit of finance ministers in Mexico that starts on Saturday [...]
Moneycontrol.com Euro, shares weaken as growth outlook darkensReutersBy Richard Hubbard | LONDON (Reuters) – The euro and European shares edged lower on Wednesday after economic data suggested the euro zone may slide back into recession, hurting the global economic outlook, while concerns about the sustainability of the …Data Suggests Euro Zone May Slide Back Into [...]
Telegraph.co.uk WORLD FOREX: Euro Lacks Direction As Market Digests Greek DealWall Street JournalBy Alexander Martin Of DOW JONES NEWSWIRES TOKYO (Dow Jones)–The euro remained range-bound during Asian trading Wednesday as caution over whether Greece can follow through with reforms after an ambitious EUR130 billion rescue deal prevented the common …Euro falls against dollar after Greek [...]
Bloomberg EURO GOVT-Italy, Spain bonds gain on Greek deal, but markets waryReutersThe 130 billion euros bailout deal forces Athens to commit to unpopular cuts and private bondholders to take bigger losses in an attempt to cut the country's debt pile to 120.5 percent of gross domestic product by 2020. Italian 10-year bond yields were …Euro-Area [...]
Bloomberg EURO GOVT-Italy, Spain bonds gain on Greek deal, but markets waryReutersThe 130 billion euros bailout deal forces Athens to commit to unpopular cuts and private bondholders to take bigger losses in an attempt to cut the country's debt pile to 120.5 percent of gross domestic product by 2020. Italian 10-year bond yields were …Euro-Area [...]
Globe and Mail FOREX-Euro ends flat vs dollar as Greek realities weighReutersHurdles on implementing Greek bailout inject caution * Resistance just above $ 1.33 seen capping euro gains * Euro zone consumer confidence rises in February * Dollar/yen hovering near 6-1/2-month high By Gertrude Chavez-Dreyfuss NEW YORK, …CORRECT: WORLD FOREX: Euro Little Changed As Skepticism [...]
Bloomberg Euro-Area Central Banks Said to Swap Greek Portfolio BondsSan Francisco Chronicle21 (Bloomberg) — Euro-area central banks will swap the Greek bonds in their investment portfolios for similar securities to avoid enforced losses during a debt restructuring, a euro-area official said. The swap will happen today and is identical to …Central Banks in Euro Area [...]