Grisù
Forumer attivo
Direi di no, il fondo di stabilità è allo stato attuale uno strumento assolutamente teorico finchè non ci saranno emissioni.
Non ha nulla a che vedere con le quotazioni dei titoli greci.
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (3 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
Direi di no, il fondo di stabilità è allo stato attuale uno strumento assolutamente teorico finchè non ci saranno emissioni.
Non ha nulla a che vedere con le quotazioni dei titoli greci.
tommy271
Forumer storico
Onoff
Forumer attivo
Mi rispondo da solo: boh tutto regolare adesso ... boh...
tommy271
Forumer storico
Sull'Euromot asta di volatilità.
tommy271
Forumer storico
The international Monetary Fund expects difficult 6 months for Greece
20. September 2010. | 11:49
Source: BNR
The International Monetary Fund has prepared a report on Greece, in which it warns that during the last two quarters of the year, economic issues could make the so-far successful policy of decreasing the budget deficit a difficult task.
Revenues may be different than expected, as economy would shrink, while expenditures on local level are not fully controlled by the government, the report published on August 26 reads.
The situation would become more difficult due to interests on the 30 billion euro loan given to Greece, as well as the increased expenditures in the health sphere and the military.
20. September 2010. | 11:49
Source: BNR
The International Monetary Fund has prepared a report on Greece, in which it warns that during the last two quarters of the year, economic issues could make the so-far successful policy of decreasing the budget deficit a difficult task.
Revenues may be different than expected, as economy would shrink, while expenditures on local level are not fully controlled by the government, the report published on August 26 reads.
The situation would become more difficult due to interests on the 30 billion euro loan given to Greece, as well as the increased expenditures in the health sphere and the military.
tommy271
Forumer storico
Greek Market Drops
Greek market posts mixed signs on Monday, following a streak of six negative sessions while attention is shifted on NBG’s rights issue.
“Investors seem to be holding a rather “wait and see” stance, awaiting the banking developments that have not come yet. Some kind of technical reaction should not be ruled out, though, given two weeks’ cumulative losses of 8.1%. Banking sector in general and NBG in particular should be in the spotlight, as the stock will trade ex rights as of tomorrow,” Marfin Analysis says.
“We anticipate a slightly positive start for the Athens market, as in the aftermath of six consecutive trading sessions, the GI is expected to proceed with some kind of an upward technical reaction. That said however, the bourse΄s course thereinafter will be determined by the ability of buy-side interest to reverse the market΄s clearly negative trend, as the GI has failed to keep its intraday gains on every signle occasion during the last six trading sessions. Technically, we expect the GI to open towards the 1,535 - 1,550 units, which consist today΄s pivot point and 1st resistance level respectively, with the market΄s support levels being in the region of the 1,515 (previous bottom) - 1,510 (1st support level). We note that NBG trades ex-right effective tomorrow,” Pegasus Securities notes in its morning report.
Across the board, the General Index drops 0.95% at 1,509.66 on a total turnover of 41.79 mil. euro.
(Capital.gr)
Greek market posts mixed signs on Monday, following a streak of six negative sessions while attention is shifted on NBG’s rights issue.
“Investors seem to be holding a rather “wait and see” stance, awaiting the banking developments that have not come yet. Some kind of technical reaction should not be ruled out, though, given two weeks’ cumulative losses of 8.1%. Banking sector in general and NBG in particular should be in the spotlight, as the stock will trade ex rights as of tomorrow,” Marfin Analysis says.
“We anticipate a slightly positive start for the Athens market, as in the aftermath of six consecutive trading sessions, the GI is expected to proceed with some kind of an upward technical reaction. That said however, the bourse΄s course thereinafter will be determined by the ability of buy-side interest to reverse the market΄s clearly negative trend, as the GI has failed to keep its intraday gains on every signle occasion during the last six trading sessions. Technically, we expect the GI to open towards the 1,535 - 1,550 units, which consist today΄s pivot point and 1st resistance level respectively, with the market΄s support levels being in the region of the 1,515 (previous bottom) - 1,510 (1st support level). We note that NBG trades ex-right effective tomorrow,” Pegasus Securities notes in its morning report.
Across the board, the General Index drops 0.95% at 1,509.66 on a total turnover of 41.79 mil. euro.
(Capital.gr)
tommy271
Forumer storico
Zona euro, fondo emergenza non dovrà cercare capitali - Regling
lunedì 20 settembre 2010 12:26
BRUXELLES, 20 settembre (Reuters) - Il fondo di stabilità europeo denominato European Financial Stability Facility (Efsf) non avrà probabilmente bisogno di raccogliere fondi sul mercato. Lo afferma in un'intervista a Reuters il suo amministratore delegato Klaus Regling.
Nel giorno in cui il veicolo finanziario di emergenza per i paesi della zona euro ha ottenuto la tripla A da Moody's e Fitch, Regling dice che l'ipotesi su cui lavorano AD e ministri è quello di una struttura che non avrà bisogno di passare alla fase operativa.
"Lo scenario centrale per me e i ministri delle Finanze della zona euro è che non diventeremo operativi", dice Regling che ha una passata esperienza come alto funzionario della Commissione europea e ha lavorato in passato anche presso il Fondo monetario e il ministero delle Finanze tedesco.
"E' importante esserci in caso di bisogno, ma lo scenario centrale è che non ci sia necessità. Allora perchè dovremmo raccogliere fondi? Tenere eventuali fondi ci costerebbe e non avrebbe senso", ha aggiunto. "Diventeremo operativi solo a seguito della richiesta di un paese membro". Allo stesso modo il funzionario ha detto che non si pensa a un'emissione simulata per il veicolo.
L'ammontare di fondi che saranno raccolti se necessario sarà, comunque, inferiore al livello di 440 miliardi di euro che rappresentano il totale delle garanzie ottenute dagli Stati, ha detto Regling che si attende un'enorme interesse da parte degli investitori, se il fondo deciderà di andare sul mercato.
Seguendo questa linea di pensiero, l'AD ha detto di non attendersi che potenziali emissioni spiazzino il funding dei paesi sovrani.
Alla domanda di un commento sull'allargamento degli spread tra i rendimenti dei titoli periferici della zona euro rispetto a quelli dei bon tedeschi, l'AD ha parlato di un processo normale legato alle fluttuazioni del mercato.
lunedì 20 settembre 2010 12:26
BRUXELLES, 20 settembre (Reuters) - Il fondo di stabilità europeo denominato European Financial Stability Facility (Efsf) non avrà probabilmente bisogno di raccogliere fondi sul mercato. Lo afferma in un'intervista a Reuters il suo amministratore delegato Klaus Regling.
Nel giorno in cui il veicolo finanziario di emergenza per i paesi della zona euro ha ottenuto la tripla A da Moody's e Fitch, Regling dice che l'ipotesi su cui lavorano AD e ministri è quello di una struttura che non avrà bisogno di passare alla fase operativa.
"Lo scenario centrale per me e i ministri delle Finanze della zona euro è che non diventeremo operativi", dice Regling che ha una passata esperienza come alto funzionario della Commissione europea e ha lavorato in passato anche presso il Fondo monetario e il ministero delle Finanze tedesco.
"E' importante esserci in caso di bisogno, ma lo scenario centrale è che non ci sia necessità. Allora perchè dovremmo raccogliere fondi? Tenere eventuali fondi ci costerebbe e non avrebbe senso", ha aggiunto. "Diventeremo operativi solo a seguito della richiesta di un paese membro". Allo stesso modo il funzionario ha detto che non si pensa a un'emissione simulata per il veicolo.
L'ammontare di fondi che saranno raccolti se necessario sarà, comunque, inferiore al livello di 440 miliardi di euro che rappresentano il totale delle garanzie ottenute dagli Stati, ha detto Regling che si attende un'enorme interesse da parte degli investitori, se il fondo deciderà di andare sul mercato.
Seguendo questa linea di pensiero, l'AD ha detto di non attendersi che potenziali emissioni spiazzino il funding dei paesi sovrani.
Alla domanda di un commento sull'allargamento degli spread tra i rendimenti dei titoli periferici della zona euro rispetto a quelli dei bon tedeschi, l'AD ha parlato di un processo normale legato alle fluttuazioni del mercato.
tommy271
Forumer storico
Greece’s July Current Account Deficit Down 11.1%
In July 2010, Greece’s current account deficit came to EUR1,482 million, down by 11.1% or EUR185 million year-on-year, Bank of Greece said Monday.
This improvement is mainly attributable to a decrease in the trade deficit and, secondarily, a small rise in the surplus of the services balance. These developments were partly offset by an increase in the income account deficit and a decline in the surplus of the current transfers balance, it noted.
The narrowing of the trade deficit was accounted for by decreases of EUR469 million and EUR107 million in the trade deficit excluding oil and ships and in net payments for purchases of ships, respectively. These developments more than offset a EUR315 million rise in the net oil import bill. Specifically, exports of goods excluding oil and ships grew (albeit marginally) by 0.3% year-on-year, after exhibiting a negative annual rate of change up to June. Imports of goods excluding oil and ships registered a drop of 16.5% year-on-year, which was much sharper than in the first half of 2010, when their average rate of decrease was 8.7% year-on-year.
The surplus of the services balance showed a small rise of EUR65 million as a result of a EUR107 million increase in net receipts from transport services and a EUR67 million decrease in net payments for “other” services.
(Capital.gr)
In July 2010, Greece’s current account deficit came to EUR1,482 million, down by 11.1% or EUR185 million year-on-year, Bank of Greece said Monday.
This improvement is mainly attributable to a decrease in the trade deficit and, secondarily, a small rise in the surplus of the services balance. These developments were partly offset by an increase in the income account deficit and a decline in the surplus of the current transfers balance, it noted.
The narrowing of the trade deficit was accounted for by decreases of EUR469 million and EUR107 million in the trade deficit excluding oil and ships and in net payments for purchases of ships, respectively. These developments more than offset a EUR315 million rise in the net oil import bill. Specifically, exports of goods excluding oil and ships grew (albeit marginally) by 0.3% year-on-year, after exhibiting a negative annual rate of change up to June. Imports of goods excluding oil and ships registered a drop of 16.5% year-on-year, which was much sharper than in the first half of 2010, when their average rate of decrease was 8.7% year-on-year.
The surplus of the services balance showed a small rise of EUR65 million as a result of a EUR107 million increase in net receipts from transport services and a EUR67 million decrease in net payments for “other” services.
(Capital.gr)
tommy271
Forumer storico
Greek T-Bill Auction To See Solid Demand, Yield in Focus
By Nick Skrekas and Emese Bartha Of DOW JONES NEWSWIRES
ATHENS (Dow Jones)--Greece's issue of 13-week Treasury bills Tuesday looks assured of very solid coverage given the small amount to be auctioned, but the market will be focusing on where yields come in, partly due to a possible spill-over effect from Ireland.
The Greek Public Debt Management Agency said last week it plans to sell EUR300 million of 13-week Treasury bills at an auction Tuesday.
Shortly before the Greek auction, Spain will offer EUR6 billion to EUR7 billion of 12-month and 18-month T-bills. The results of Ireland's EUR1 billion to EUR1.5 billion bond auction, meanwhile, will come out around the same time as the Greek results.
Greece's T-bill sale will be the second leg of what will be frequent forays into the short-term debt market, since the country in September switched to monthly T-bill sales from quarterly auctions, offering 26-week and/or 52-week T-bills on the second Tuesday of the month and 13-week T-bills on the third Tuesday.
"Given the small auction amount, even with non-competitive bids, Greece won't be raising more than EUR480 million. Local banks alone will ensure very solid over-coverage of at least four times the amount," said a head of bond trading at a Greek blue chip bank.
"The word on the street is that the PDMA would like to see the yield come in at or below 4%, but I think it could be as high as 4.15%," he added. The uniform yield at previous 13 week T-bill auction was 4.05%.
Last week, Greece sold EUR1.17 billion in 26-week T-bills and while coverage was healthy the yield came in slightly higher than at the previous auction in July, at 4.82% versus 4.65%.
Giuseppe Maraffino, strategist at Barclays Capital in London, said "I expect the same story as last week, with demand coming mostly from domestic investors."
Referring to Finance Minister Papaconstaniou's comments last week that 30% of last week's demand for the 26-week T-bills came from international investors, Maraffino said this could be the case this time too.
If the T-bill results are weak, there will be rising tension in the Greek T-bill and bond markets, suggesting a lack of confidence in the Greek government even by domestic banks, Maraffino added.
But Athens has more ambitious plans, intending to return to international markets for its borrowing in 2011, even though it is covered for now by the three-year EUR110 billion bailout package agreed on with the European Union and International Monetary Fund in exchange for severe austerity measures and structural reforms.
Greece has received EUR29 billion since the deal was made in May.
Treasury bills, which represent the short end of the yield curve, are mainly bought by local investors, while government bonds target the wider community of international investors.
By Nick Skrekas and Emese Bartha Of DOW JONES NEWSWIRES
ATHENS (Dow Jones)--Greece's issue of 13-week Treasury bills Tuesday looks assured of very solid coverage given the small amount to be auctioned, but the market will be focusing on where yields come in, partly due to a possible spill-over effect from Ireland.
The Greek Public Debt Management Agency said last week it plans to sell EUR300 million of 13-week Treasury bills at an auction Tuesday.
Shortly before the Greek auction, Spain will offer EUR6 billion to EUR7 billion of 12-month and 18-month T-bills. The results of Ireland's EUR1 billion to EUR1.5 billion bond auction, meanwhile, will come out around the same time as the Greek results.
Greece's T-bill sale will be the second leg of what will be frequent forays into the short-term debt market, since the country in September switched to monthly T-bill sales from quarterly auctions, offering 26-week and/or 52-week T-bills on the second Tuesday of the month and 13-week T-bills on the third Tuesday.
"Given the small auction amount, even with non-competitive bids, Greece won't be raising more than EUR480 million. Local banks alone will ensure very solid over-coverage of at least four times the amount," said a head of bond trading at a Greek blue chip bank.
"The word on the street is that the PDMA would like to see the yield come in at or below 4%, but I think it could be as high as 4.15%," he added. The uniform yield at previous 13 week T-bill auction was 4.05%.
Last week, Greece sold EUR1.17 billion in 26-week T-bills and while coverage was healthy the yield came in slightly higher than at the previous auction in July, at 4.82% versus 4.65%.
Giuseppe Maraffino, strategist at Barclays Capital in London, said "I expect the same story as last week, with demand coming mostly from domestic investors."
Referring to Finance Minister Papaconstaniou's comments last week that 30% of last week's demand for the 26-week T-bills came from international investors, Maraffino said this could be the case this time too.
If the T-bill results are weak, there will be rising tension in the Greek T-bill and bond markets, suggesting a lack of confidence in the Greek government even by domestic banks, Maraffino added.
But Athens has more ambitious plans, intending to return to international markets for its borrowing in 2011, even though it is covered for now by the three-year EUR110 billion bailout package agreed on with the European Union and International Monetary Fund in exchange for severe austerity measures and structural reforms.
Greece has received EUR29 billion since the deal was made in May.
Treasury bills, which represent the short end of the yield curve, are mainly bought by local investors, while government bonds target the wider community of international investors.
- Stato