Thursday, September 20, 2012
Snack Pack: Oil, Currency War, Oracle, Muni Bonds
Sept. 20 (Bloomberg) -- Bloomberg's Alix Steel, Sara Eisen, Dominic Chu, Stephanie Ruhle and Adam Johnson update the top trading stories of the day. They speak on Bloomberg Television's "Lunch Money."
Euro Falls Most in Two Months
Sept. 20 (Bloomberg) -- Sara Eisen reports on today's top currencies news headlines. She speaks on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
Spain's Bond Success: 4.8B Euros of Bonds Sold
Spain sold 4.8 billion euros ($6.2 billion) of bonds, the most since January, as the Treasury focused on short term notes that would be targeted for central-bank buying in the case of a bailout.
09/20/2012 LATEST BUSINESS BULLETIN
Published on Sep 20, 2012 by france24english
You are watching the latest business report from FRANCE 24.
More business news on FRANCE 24:
http://www.france24.com/en/business
FRANCE 24 INTERNATIONAL NEWS 24/7
http://www.france24.com
More business news on FRANCE 24:
http://www.france24.com/en/business
FRANCE 24 INTERNATIONAL NEWS 24/7
http://www.france24.com
Will the Eurozone Get Back on its Feet? | Made in Germany
Published on Sep 19, 2012 by deutschewelleenglish
After the Decisions by Germany's Constitutional Court and the European Central Bank: We talk about the issue with Ansgar Belke, director of the Institute of Business and Economic Studies and Professor of Macroeconomics at the University of Duisburg-Essen.
Spain borrowing costs ease, Catalonia unhappy
Published on Sep 20, 2012 by Euronews
http://www.euronews.com/ Spain's borrowing costs on its 10-year government bonds fell to the lowest level since January on Thursday.
At its latest debt auction raised 4.8 billion euros and saw strong demand from investors for the bonds maturing in three and 10 years time.
Madrid has been able to more easily sell its bonds at lower rates of interest since the European Central Bank announced its bond-buying plan.
...At its latest debt auction raised 4.8 billion euros and saw strong demand from investors for the bonds maturing in three and 10 years time.
Madrid has been able to more easily sell its bonds at lower rates of interest since the European Central Bank announced its bond-buying plan.
Eurozone slump deepens
Published on Sep 20, 2012 by Euronews
http://www.euronews.com/ The European Central Bank's aggressive new bond-buying plan has not boosted business activity or sentiment in the eurozone.
The latest surveys of company purchasing managers show while the decline in Europe's largest economy, Germany, did ease by a surprising amount this month, French firms are performing poorly.
Eurozone manufacturing was slightly better than expected, but there was a sharp downturn in the services industry.
A good indicator of economic performance, the composite eurozone PMI fell to 45.9 in September from 46.3 in August. Below 50 denotes contraction and survey compiler Markit said the surveys were consistent with a roughly 0.6 percent economic contraction in the third quarter.
"The fall in the PMI is another reminder that the ECB's new asset purchase programme is not an answer to all of the region's problems," said Ben May, European economist at Capital Economics, in a research note.
"The euro zone recession looks set to deepen in the latter part of the year."
Economists said the surveys made it more likely the ECB will cut its main interest rate at its next meeting in October, to a new record low 0.5 percent from 0.75 percent currently.
In Britain, suffering its own economic downturn, retail sales ticked down in August driven by a slump in online sales as Britons watched the Olympics on television, data showed on Thursday.
The latest surveys of company purchasing managers show while the decline in Europe's largest economy, Germany, did ease by a surprising amount this month, French firms are performing poorly.
Eurozone manufacturing was slightly better than expected, but there was a sharp downturn in the services industry.
A good indicator of economic performance, the composite eurozone PMI fell to 45.9 in September from 46.3 in August. Below 50 denotes contraction and survey compiler Markit said the surveys were consistent with a roughly 0.6 percent economic contraction in the third quarter.
"The fall in the PMI is another reminder that the ECB's new asset purchase programme is not an answer to all of the region's problems," said Ben May, European economist at Capital Economics, in a research note.
"The euro zone recession looks set to deepen in the latter part of the year."
Economists said the surveys made it more likely the ECB will cut its main interest rate at its next meeting in October, to a new record low 0.5 percent from 0.75 percent currently.
In Britain, suffering its own economic downturn, retail sales ticked down in August driven by a slump in online sales as Britons watched the Olympics on television, data showed on Thursday.
Subscribe to:
Comments (Atom)