Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
L'Irlanda, indubbiamente, sta andando meglio rispetto a Grecia e Portogallo.
Ogni paese ha le sue peculiarità, a Dublino il sistema bancario è al collasso mentre l'economia mantiene una sua dinamicità.
Al momento hanno provveduto a mazziare i sub., con qualche risvolto positivo sui TdS.
A piangere i bondisti subordinati di alcune banche irish.
tommy271
Forumer storico
Greek Fuel Market Shows Recovery Signs
Yiannis Kostopoulos, CEO of Hellenic Petroleum (ELPE) said that there are signs that the domestic fuel market is gradually improving and starts to stabilize in terms of consumption.
There are encouraging signs in the second quarter and significant slowdown of market’s decline, said the group’s administration at the conference call with analysts on Wednesday. The group appears to increase its market share in fuel, mainly through EKO, ELPE’s subsidiary.
Moreover, figures show that there is a marginal increase in sales, which amount to 485k tonnes in the second quarter of 2011, against 484k tonnes in the corresponding period last year.
However, in semester, both ELPE subsidiaries (EKO, Greek Fuel), have sold 166k tones less than last year.
Regarding the labour relations, the administration said that it has agreed with the union on their salaries. The agreement is expected to enhance the competitiveness of the group and lead to savings of €54 million, covering the cost of €26 million caused by a recent strike. Total payroll is estimated to decrease by 6%-8%.
As for DEPA, Yiannis Kostopoulos stated that the group follows closely the developments regarding the privatization of the gas company. He said that the presence of ELPE in DEPA is a strategic choice, adding that any decisions would be made in the best long-term benefit for the group.
(capital.gr)
Yiannis Kostopoulos, CEO of Hellenic Petroleum (ELPE) said that there are signs that the domestic fuel market is gradually improving and starts to stabilize in terms of consumption.
There are encouraging signs in the second quarter and significant slowdown of market’s decline, said the group’s administration at the conference call with analysts on Wednesday. The group appears to increase its market share in fuel, mainly through EKO, ELPE’s subsidiary.
Moreover, figures show that there is a marginal increase in sales, which amount to 485k tonnes in the second quarter of 2011, against 484k tonnes in the corresponding period last year.
However, in semester, both ELPE subsidiaries (EKO, Greek Fuel), have sold 166k tones less than last year.
Regarding the labour relations, the administration said that it has agreed with the union on their salaries. The agreement is expected to enhance the competitiveness of the group and lead to savings of €54 million, covering the cost of €26 million caused by a recent strike. Total payroll is estimated to decrease by 6%-8%.
As for DEPA, Yiannis Kostopoulos stated that the group follows closely the developments regarding the privatization of the gas company. He said that the presence of ELPE in DEPA is a strategic choice, adding that any decisions would be made in the best long-term benefit for the group.
(capital.gr)
tommy271
Forumer storico
Portogallo d'accordo con Germania su euro bond- Passos Coelho
giovedì 1 settembre 2011 14:03
BERLINO, 1 settembre (Reuters) - Il Portogallo condivide la posizione tedesca di contrarietà agli euro bond. Lo ha affermato il premier Pedro Passos Coelho, oggi a Berlino per l'incontro bilaterale Germania-Portogallo, spiegando di essere d'accordo con il cancelliere Angela Merkel sul fatto che che gli euro bond non sono la soluzione per i problemi di debito del paese.
Passo Coelho ha poi affermato che l'Europa necessita di maggiore integrazione politica e maggior coordinamento economico. Il Portogallo, ha aggiunto il premier, è aperto all'ipotesi di una legislazione che ponga un freno all'indebitamento del paese, sul modello di quella tedesca.
La Merkel, dal canto suo, oltre a ribadire il giudizio negativo sugli euro bond, ha espresso apprezzamento per gli sforzi intrapresi dal Portogallo in materia di riforme strutturali.
giovedì 1 settembre 2011 14:03
BERLINO, 1 settembre (Reuters) - Il Portogallo condivide la posizione tedesca di contrarietà agli euro bond. Lo ha affermato il premier Pedro Passos Coelho, oggi a Berlino per l'incontro bilaterale Germania-Portogallo, spiegando di essere d'accordo con il cancelliere Angela Merkel sul fatto che che gli euro bond non sono la soluzione per i problemi di debito del paese.
Passo Coelho ha poi affermato che l'Europa necessita di maggiore integrazione politica e maggior coordinamento economico. Il Portogallo, ha aggiunto il premier, è aperto all'ipotesi di una legislazione che ponga un freno all'indebitamento del paese, sul modello di quella tedesca.
La Merkel, dal canto suo, oltre a ribadire il giudizio negativo sugli euro bond, ha espresso apprezzamento per gli sforzi intrapresi dal Portogallo in materia di riforme strutturali.
tommy271
Forumer storico
EURO GOVT-Spanish yields rise after auction despite ECB buying
Thu Sep 1, 2011 8:20am EDT
* Spanish debt sale meets lukewarm demand
* Bunds rally on manufacturing data, Spanish auction
* Attention turns to U.S. manufacturing, jobs data (Recasts, updates prices, adds quotes)
By Ana Nicolaci da Costa
LONDON, Sept 1 (Reuters) - Spanish government bond yields rose on Thursday after a lukewarm auction of new five-year bonds renewed pressure on the euro zone's fourth largest economy even as the European Central Bank bought its debt in the secondary market.
The move higher in Spanish and Italian yields on Thursday underscored a growing view among analysts that the ECB's policy to buy Italian and Spanish debt to keep yields at affordable levels was only a palliative and may become unsustainable.
The ECB began buying Italian and Spanish bonds in the secondary market more than three weeks ago to drive down yields and was active again on Thursday.
"The market now is not so willing to buy, especially after the spread tightening (over German yields). It will not be easy for Italy and Spain to issue in this environment," said Alessandro Giansati, rate strategist at ING in Amsterdam.
Spain's first bond auction in a month drew sluggish demand and the Treasury paid above the yield on existing five-year paper to get the bond away. .
The average yield at the sale of the new five-year bond was 4.489 percent, compared to a yield of 4.38 percent in the secondary market around the time of the auction.
The 10-year Spanish/German bond yield spread widened 11 basis points to 298 bps, while the Italian equivalent was up 9 bps at 304.
"The risk of further (spread) widening is still there and the downside risk might be greater than the upside risk for prices. That's kind of reflected in the relatively average auctions," said Elisabeth Afseth, strategist at Evolution Securities.
The Bund future FGBLc1 rallied 64 ticks on the day to 135.20 as a key business survey showed euro zone manufacturing activity contracted for the first time in almost two years in August and on persistent worries over the region's debt crisis.
"We still have the collateral issue with Finland unresolved, we still have the EFSF (euro zone rescue fund) plans that need to be (approved) and we have the latest developments in Italy which are also not very positive for market sentiment," Elwin de Groot, senior market economist at Rabobank, said.
The Italian government backtracked on parts of its widely criticised austerity package on Monday. Analysts also say a row over Finland's deal with Greece to obtain collateral in exchange for loans could jeopardise a second Greek bailout. .
German Chancellor Angela Merkel's cabinet approved new powers for the euro zone's bailout fund on Wednesday, but some members of her centre-right coalition are threatening to oppose such a boost when the Bundestag (lower house) votes on Sept. 29. .
***
Un'occhiata ai bond dell'Eurozona ...
Sulla Spagna stesso effetto dell'asta di ieri sull'Italia.
Thu Sep 1, 2011 8:20am EDT
* Spanish debt sale meets lukewarm demand
* Bunds rally on manufacturing data, Spanish auction
* Attention turns to U.S. manufacturing, jobs data (Recasts, updates prices, adds quotes)
By Ana Nicolaci da Costa
LONDON, Sept 1 (Reuters) - Spanish government bond yields rose on Thursday after a lukewarm auction of new five-year bonds renewed pressure on the euro zone's fourth largest economy even as the European Central Bank bought its debt in the secondary market.
The move higher in Spanish and Italian yields on Thursday underscored a growing view among analysts that the ECB's policy to buy Italian and Spanish debt to keep yields at affordable levels was only a palliative and may become unsustainable.
The ECB began buying Italian and Spanish bonds in the secondary market more than three weeks ago to drive down yields and was active again on Thursday.
"The market now is not so willing to buy, especially after the spread tightening (over German yields). It will not be easy for Italy and Spain to issue in this environment," said Alessandro Giansati, rate strategist at ING in Amsterdam.
Spain's first bond auction in a month drew sluggish demand and the Treasury paid above the yield on existing five-year paper to get the bond away. .
The average yield at the sale of the new five-year bond was 4.489 percent, compared to a yield of 4.38 percent in the secondary market around the time of the auction.
The 10-year Spanish/German bond yield spread widened 11 basis points to 298 bps, while the Italian equivalent was up 9 bps at 304.
"The risk of further (spread) widening is still there and the downside risk might be greater than the upside risk for prices. That's kind of reflected in the relatively average auctions," said Elisabeth Afseth, strategist at Evolution Securities.
The Bund future FGBLc1 rallied 64 ticks on the day to 135.20 as a key business survey showed euro zone manufacturing activity contracted for the first time in almost two years in August and on persistent worries over the region's debt crisis.
"We still have the collateral issue with Finland unresolved, we still have the EFSF (euro zone rescue fund) plans that need to be (approved) and we have the latest developments in Italy which are also not very positive for market sentiment," Elwin de Groot, senior market economist at Rabobank, said.
The Italian government backtracked on parts of its widely criticised austerity package on Monday. Analysts also say a row over Finland's deal with Greece to obtain collateral in exchange for loans could jeopardise a second Greek bailout. .
German Chancellor Angela Merkel's cabinet approved new powers for the euro zone's bailout fund on Wednesday, but some members of her centre-right coalition are threatening to oppose such a boost when the Bundestag (lower house) votes on Sept. 29. .
***
Un'occhiata ai bond dell'Eurozona ...
Sulla Spagna stesso effetto dell'asta di ieri sull'Italia.
Ultima modifica:
tommy271
Forumer storico
Gas Company DEPA Records Major Profit Increase
Greek gas company DEPA’s profit has increased by 217% in the first half of the year, beating even the most optimistic estimates.
According to financial figures announced by Hellenic Petroleum (ELPE), DEPA recorded profit after tax of €97 million against €31 million last year, contributing €34 million to ELPE (the group holds 35% of DEPA).
In terms of volumes, DEPA sold 2.08 billion m3 in the first semester, an increase of 21% compared with 1.73 billion m3 last year. A large amount of the profit (42%) comes from the regulated services of Hellenic Gas Transmission System Operator, while distribution companies, particularly EPA Attica, have significantly increased sales.
(capital.gr)
***
Buone semestrali per gli operatori energetici.
Greek gas company DEPA’s profit has increased by 217% in the first half of the year, beating even the most optimistic estimates.
According to financial figures announced by Hellenic Petroleum (ELPE), DEPA recorded profit after tax of €97 million against €31 million last year, contributing €34 million to ELPE (the group holds 35% of DEPA).
In terms of volumes, DEPA sold 2.08 billion m3 in the first semester, an increase of 21% compared with 1.73 billion m3 last year. A large amount of the profit (42%) comes from the regulated services of Hellenic Gas Transmission System Operator, while distribution companies, particularly EPA Attica, have significantly increased sales.
(capital.gr)
***
Buone semestrali per gli operatori energetici.
tommy271
Forumer storico
Some elements of Greek deal unwise-Irish Fin Min
DUBLIN, Sept 1 | Thu Sep 1, 2011 8:01am EDT
DUBLIN, Sept 1 (Reuters) - Ireland's finance minister said on Thursday he didn't think elements of Greece's second bailout package were wise, without specifying which parts.
"I don't think elements of the Greek bailout 2 have been that wise and it has caused consternation on the markets," Michael Noonan told a financial parliamentary committee.
DUBLIN, Sept 1 | Thu Sep 1, 2011 8:01am EDT
DUBLIN, Sept 1 (Reuters) - Ireland's finance minister said on Thursday he didn't think elements of Greece's second bailout package were wise, without specifying which parts.
"I don't think elements of the Greek bailout 2 have been that wise and it has caused consternation on the markets," Michael Noonan told a financial parliamentary committee.
tommy271
Forumer storico
Le cinque fasi del dolore di Alessandro Fugnoli:
http://www.kairospartners.com/drupal/sites/default/files/newsletter/Dabda-RN-01.09.11.pdf
http://www.kairospartners.com/drupal/sites/default/files/newsletter/Dabda-RN-01.09.11.pdf
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