Posted by
admin on February 22, 2012 |
No comments
The euro rise for a fourth day, copper advanced and Asian stocks pared victims after a European Union official said finance ministers have reached an agreement on a second bailout package for Greece.
The euro climbed 0.3 percent to $1.3276 as of 12:31 p.m. in Tokyo, reversing an earlier drop. Copper climbed 1.5 percent and oil traded near a nine-month high. The MSCI Asia Pacific Index (MXAP) declined 0.2 percent as airlines retreated on concern higher energy prices will reduce profits. Standard & Poor’s 500 Index futures advanced 0.5 percent. Ten-year Treasury yields rose three basis points to 2.03 percent.
European finance ministers had haggled into the night in Brussels over the terms of new loans to Greece and a possible contribution by central banks. They also bartered with bank representatives over a bond exchange meant to stave off the threat of a Greek default next month. Chinese Vice President Xi Jinping said yesterday that the global economy faces a mounting fight back as it seeks to make progress from a monetary crisis.
Tags: forex learning, how to trade currency, learn forex trading, learn to trade forex
Posted by
admin on February 21, 2012 |
No comments
The European economy shrank less than economists estimate in the fourth quarter as a better-than- predicted performance in Germany and France helped mitigate the region’s first reduction since 2009.
Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop of 0.4 percent, the median of 42 estimates in a Bloomberg News survey shows. In Germany, Europe’s largest economy, GDP dropped less than economists anticipated in the fourth quarter, while France’s economy surprisingly stretched in that period.
German companies have boosted output and spending over the past year to meet export demand, helping soften the impact of tougher budget cuts from Spain to Ireland. While Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to reinstate investor confidence, the economy is showing some signs of stabilization. Euro-region economic sentiment improved in January and services output expanded.
Tags: forex currency trading, how to trade currency, learn forex trading
Posted by
admin on February 16, 2012 |
No comments
European (SXXP) stocks jumped, extending the Stoxx Europe 600 Index’s major rally in a week, as German investor confidence unexpectedly rose, offsetting downgrades of six euro-area countries by Moody’s Investors Service. U.S. index futures were little changed, while Asian shares retreated.
Royal Dutch Shell Plc (RDSA) gained 1.3 percent, dragging the Stoxx 600 higher. ThyssenKrupp AG (TKA), Germany’s biggest steelmaker, sank 2.7 percent after posting a first-quarter loss following project delays. TDC A/S (TDC), Denmark’s biggest phone company, dropped 4.6 percent after private-equity investors presented shares at a discount.
The Stoxx 600 gained 0.3 percent to 263.82 at 10:34 a.m. in London, extending yesterday’s 0.7 percent rally. The standard measure has advanced 7.9 percent this year amid optimism that the euro area will contain its crisis and as U.S. economic reports beat forecasts. S&P 500 futures expiring in March increased 0.1 percent today, while the MSCI Asia Pacific Index dropped 0.3 percent.
Tags: forex currency trading, how to trade currency, learn forex trading
