Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
Статьи, помеченные тэгом ‘greece’
France is in disarray. According to opinion polls, the popularity of French President – Nicolas Sarkozy, for many decades, didn’t not fell so low. Recently resigned two ministers and parliamentary passions abound with light hand media – series of scandals added to the charges a suspect in the corruption minister of abuse of office in obtaining funds for Sarkozy’s presidential campaign.
Ukraine’s foreign debt stands at $ 40 billion. Ukraine’s foreign debt reached $ 40 billion, representing 36% of the GDP of the country, told the Deputy Prime Minister Sergei Tigipko. “This figure is for us is critical. We will be very difficult to maintain this level of debt” – he acknowledged.
Global financial markets are still shaking in all modes at the thought of a possible Greek defaulted. Yields on long-term government bonds in Greece by 700 basis points over similar Treasury securities yields USA. Thus, it seems that in America things are much better than in Greece. Unfortunately, it has nothing to do with the truth. Greek debt represents 120% of vnturennego GDP, twice more than in the U.S..
How seriously should be considered the threat of the new reecession and the second wave of crisis? The fact that the pace of economic recovery will begin to decline, many analysts have repeatedly predicted, therefore, in a sense, the events of recent months in the stock markets should not surprise anyone. Markets with their usual harshness and inconsistency warn that lies ahead. Last summer, they signal the approach of a tipping point and the beginning of recovery. Now they predict a short pause in growth. As already noted, this often happens during the recovery period: the positive dynamics slows down, the activity also decreases for a while, then to resume with renewed vigor.
The DJIA ceases to grow steadily after the results of stress tests. Calling the results of stress tests bad we can not, but the Dow Jones Industrial Average lost 0.10% growth. The DJIA is a mark of 10,400.02, gaining 77.72 points (0.75%). So, seven European banks have not been stress-tests conducted to confirm the stability of the banking system of the EU.
New Zealand: the index of business activity in June rose to 56.2 points from 54.5 points in May. Greece: the unemployment rate in April rose to 11.9% from 11.6% in March.
Dow Jones Industrial Average has prevented all attempts to impose a bear trend. Dow index is at around 9,918.45 points, having won 174.83 points (1.79%) for the last day. DJIA rising steadily against the background of recent statements by Chinese officials and the successful closing of European stock exchanges. European stocks have grown up to the auction on Wednesday 7 July. Shares of banks were on the rise in anticipation of information on methods for stress tests. BP shares have risen in price thanks to speculation of a sale of the share of Arab investors. Pan-European Stoxx Europe 600 index rose by 1.3% to 246.06 points, Britain’s FTSE 100 – has increased by 1% to 5015 points, Germany’s DAX – on 0,8% to 5993 points, the French CAC-40 – for 1,7 % to 3483 points.
Greek Finance Minister George Papaconstantinou said that the country in the first half of this year has reduced the budget deficit by 42%. He expressed hope that Greece will again be able to borrow in financial markets in 2011. This means that the country exceeds the indicators established by the International Monetary Fund and the European Union in terms of 110 billion euro emergency loan this year.
The future of the euro is like a tale of Atlantis. The European Union has a decent respect for tradition: every crisis to draw into an advantage. European sclerosis (the term originated in the late 70′s – early 80′s, and characterizing the high unemployment rate against a background of high economic growth) and budgetary squabbles 80 preceded the appearance of the Single European Act of 1986, and the crisis of the ERM , Burst in 1992-1993, accelerated the creation of a single European currency.