Tag Archives: euro

Investors Still Wary Of Euro Area Problems

Posted on by
Reply

Wall Street turned lower Monday in early trading after a rather favorable, U.S. markets remain weakened by the debt crisis in the eurozone. During the day, the Dow Jones was down 0.1% at 12,348.5 points, while the Nasdaq Composite Index fell back 0.2% to 2668.9 points.

The joint press conference of Nicolas Sarkozy and Angela Merkel broadcast live from Berlin did not result in any dramatic announcement, except to reaffirm that the ‘golden rule’ should be adopted by most European partners by in late March.

“Investors remain skeptical about the developments in the euro area. A plethora of summits are scheduled in January and to believe that markets begin the week, their hopes are not very big, ‘says one at Capital Spreads.

‘The latest economic data surprise on the upside, but it does not seem to be enough to restore investors desire to repurchase shares’, said the broker.

The euro saw their lead melt as a result of 1.2775 to 1.2735 dollar.

Alcoa will have the difficult task of reassuring investors that evening after the market close.

The consensus expects a loss of one cent per share in the fourth quarter sales of $ 5.8 billion, but the prospects for the aluminum group may well be surprised.

Listed on the Dow Jones, the action of 2.5% advance in the meantime.

The technology sector is worth a few hours before the opening of the high mass of electronics, the CES in Las Vegas.

Euro Confidence Starts To Stabilize

Posted on by
Reply

Pending clarification of the political situation in some fragile countries in the euro area, the single currency has stabilized against the greenback around 1.377 dollar, and back against the Japanese currency to 107.5 yen. The dollar is trading 78 yen.

Following the successful vote of confidence in the Greek parliament on Friday night, the two major Greek political parties agreed to form a government of national unity without George Papandreou.

‘We’ll have this government to quickly introduce austerity measures to obtain the second round of funding in addressing the important payment deadline of 19 December’, warns a professional based in London.

‘While we have not finished our Greek salad, they bring us the main course and the problem of political credibility in Italy resulting in a record rate in Italy to 10 years, since the ECB’s threat not to intervene Italian bond market …’, said Barclays Bourse.

The Manager will monitor the vote of confidence in the Italian Parliament tomorrow, which could lead to the fall of the Berlusconi government: three deputies went to the opposition and six others called for the resignation of the chairman.

On the old continent, the single currency down against the pound sterling against the euro to 0.858 pound, and is progressing towards the Swiss franc at 1.233 Swiss franc.