C.Bonacieux
Forumer attivo
non sul bund, certo, ma sui bonds delle aziende produttrici
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
non sul bund, certo, ma sui bonds delle aziende produttrici
g.ln
Triplo Panico: comprare
L'Europa batte un altro colpo: bene!
Buona mattinata agli amici dei bond greci: gli accordi europei in campo finanziario sono quasi sempre notizie positive
FRANCOFORTE (Reuters) - La Banca centrale europea sta mettendo gli ultimi ritocchi a un nuovo strumento che fornirà liquidità alle banche della zona euro in difficoltà su un arco di tempo lungo, gettando un'ancora di salvezza per le banche in difficoltà dell'Irlanda.
Una fonte di una banca centrale della zona euro ha detto a Reuters sabato che il piano inizialmente sarà "fatto su misura per le banche irlandesi" e che potrebbe essere annunciato nei prossimi giorni insieme con i risultati degli stress test sulle banche del paese.
"Questo sostituirà l'Ela (Emergency Liquidity Assistance) che attualmente è fornito dalla banca centrale irlandese" ha detto la fonte parlando in condizione di anonimato.
"Probabilmente sarà simile al SMP (il programma di acquito bond da parte della Bce), nel senso che non vi sarà alcun periodo di tempo prefissato: se si pone un termine a 5/10 anni la gente potrebbe avere la tentazione di ignorare il problema fino all'avvicinarsi della data di scadenza".
Ciao, ciao, Giuseppe
Buona mattinata agli amici dei bond greci: gli accordi europei in campo finanziario sono quasi sempre notizie positiveFRANCOFORTE (Reuters) - La Banca centrale europea sta mettendo gli ultimi ritocchi a un nuovo strumento che fornirà liquidità alle banche della zona euro in difficoltà su un arco di tempo lungo, gettando un'ancora di salvezza per le banche in difficoltà dell'Irlanda.
Una fonte di una banca centrale della zona euro ha detto a Reuters sabato che il piano inizialmente sarà "fatto su misura per le banche irlandesi" e che potrebbe essere annunciato nei prossimi giorni insieme con i risultati degli stress test sulle banche del paese.
"Questo sostituirà l'Ela (Emergency Liquidity Assistance) che attualmente è fornito dalla banca centrale irlandese" ha detto la fonte parlando in condizione di anonimato.
"Probabilmente sarà simile al SMP (il programma di acquito bond da parte della Bce), nel senso che non vi sarà alcun periodo di tempo prefissato: se si pone un termine a 5/10 anni la gente potrebbe avere la tentazione di ignorare il problema fino all'avvicinarsi della data di scadenza".
Ciao, ciao, Giuseppe
giutrader
Forumer attivo
a me e' arrivata giovedì scorso con data valuta 22. Ovviamente tutta consumata per prendere la 19 6.5
tommy271
Forumer storico
EU summit branded a failure as default fears continue
Friday's (25 March) EU summit failed to establish a clear road map for the resolution of the region's sovereign debt crisis, said Jeremy Batstone-Carr, head of private client research at Charles Stanley.
"Despite the pre-summit hoopla, no decisions have been reached. In particular nothing has been done to address the immediacy of the crisis as it affects Greece, Ireland and particularly Portugal, which may need assistance from the European Financial Stability Fund (EFSF) as soon as this week.
"The allegedly permanent solution arrived at in Brussels is a €705bn (£621bn) lending facility - the newly christened European Stability Mechanism - that is to be funded by the region over five years, starting in 2013.
"How such a conclusion can be regarded as a credible solution for Portugal, or indeed Spain, whose banks remain under pressure, remains to be seen."
Mr Batstone-Carr claimed there was no indication that anything debated at the summit could plausibly avert a default on a possibly significant proportion of Europe’s sovereign debt.
"Simply lending money to already hugely over-borrowed nations does not help solve a debt crisis."
Mr Batstone-Carr said any one of Greece, Ireland and Portugal could default at any time.
He warned: "Neither does a plan exist to address the ramifications of default across the banking sector or the financial system more generally.
"In our view the EU summit failed and weak policy initiatives serve only to risk making a bad situation even worse."
Azad Zangana, European economist at Schroders, agreed the summit had failed to achieve its aims.
He said: "It is important for the discussions to continue, but in terms of actual progress and in terms of agreeing to the expansion of the EFSF, that has not been achieved so it is disappointing.
"As things stand there is not much urgency in terms of market pressure to have that €440bn for the EFSF.
"I think positioning in the market is much better now than it was a year ago so reaction to this news has been less dramatic than in the past."
- Story by: Cara Waters
- Magazine: FTAdviser
- Published Monday , March 28, 2011
Friday's (25 March) EU summit failed to establish a clear road map for the resolution of the region's sovereign debt crisis, said Jeremy Batstone-Carr, head of private client research at Charles Stanley.
"Despite the pre-summit hoopla, no decisions have been reached. In particular nothing has been done to address the immediacy of the crisis as it affects Greece, Ireland and particularly Portugal, which may need assistance from the European Financial Stability Fund (EFSF) as soon as this week.
"The allegedly permanent solution arrived at in Brussels is a €705bn (£621bn) lending facility - the newly christened European Stability Mechanism - that is to be funded by the region over five years, starting in 2013.
"How such a conclusion can be regarded as a credible solution for Portugal, or indeed Spain, whose banks remain under pressure, remains to be seen."
Mr Batstone-Carr claimed there was no indication that anything debated at the summit could plausibly avert a default on a possibly significant proportion of Europe’s sovereign debt.
"Simply lending money to already hugely over-borrowed nations does not help solve a debt crisis."
Mr Batstone-Carr said any one of Greece, Ireland and Portugal could default at any time.
He warned: "Neither does a plan exist to address the ramifications of default across the banking sector or the financial system more generally.
"In our view the EU summit failed and weak policy initiatives serve only to risk making a bad situation even worse."
Azad Zangana, European economist at Schroders, agreed the summit had failed to achieve its aims.
He said: "It is important for the discussions to continue, but in terms of actual progress and in terms of agreeing to the expansion of the EFSF, that has not been achieved so it is disappointing.
"As things stand there is not much urgency in terms of market pressure to have that €440bn for the EFSF.
"I think positioning in the market is much better now than it was a year ago so reaction to this news has been less dramatic than in the past."
Ultima modifica:
tommy271
Forumer storico
Why Privatization Of PPC Delays
The response of Greek Prime Minister George Papandreou to whether the government is determined to clash with workers’ unions on the privatization program, provided new data regarding its stance regarding Public Power Corporation.
George Papandreou said on the sidelines of the European Union summit that controversy and conflict should not be taken for granted, and hopefully a flavourable result will be achieved through negotiations.
Prime Minister’s statement is interpreted by both market sources and unions as confirmation of government’s willingness to include PPC in the privatization list, however it may be postponed for at least a year because of peculiarities.
The main problem consists that PPC had not being pay working contributions until the late 1990’s, but used them for investment in return that it would pay for employees’ pensions. The issue was not resolved when PPC became listed in 2001, as a middle course solution was promoted.
It should be noted that labor and social security will be transferred in PPC’s new subsidiary, ADESMIE, which will revert the ownership and management of the transmission system.
Regardless any reaction or legal problem, the new energy law bill would probably lead to the entry of private companies in the electricity market, as it provides that if the transmission manager does not implement network projects that were decided, they will be implemented with the assistance of private companies.
PPC had been asked for opening €1.1bn transmission projects but failed to fulfill expectations, as only 43% of projects were implemented.
(capital.gr)
The response of Greek Prime Minister George Papandreou to whether the government is determined to clash with workers’ unions on the privatization program, provided new data regarding its stance regarding Public Power Corporation.
George Papandreou said on the sidelines of the European Union summit that controversy and conflict should not be taken for granted, and hopefully a flavourable result will be achieved through negotiations.
Prime Minister’s statement is interpreted by both market sources and unions as confirmation of government’s willingness to include PPC in the privatization list, however it may be postponed for at least a year because of peculiarities.
The main problem consists that PPC had not being pay working contributions until the late 1990’s, but used them for investment in return that it would pay for employees’ pensions. The issue was not resolved when PPC became listed in 2001, as a middle course solution was promoted.
It should be noted that labor and social security will be transferred in PPC’s new subsidiary, ADESMIE, which will revert the ownership and management of the transmission system.
Regardless any reaction or legal problem, the new energy law bill would probably lead to the entry of private companies in the electricity market, as it provides that if the transmission manager does not implement network projects that were decided, they will be implemented with the assistance of private companies.
PPC had been asked for opening €1.1bn transmission projects but failed to fulfill expectations, as only 43% of projects were implemented.
(capital.gr)
tommy271
Forumer storico
Athens Stocks Stabilized Above 1600
Athens market moves in a stabilizing mood on Monday, as the General Index fluctuates between profits and losses, in the wake of the outcome of European Union summit.
Banks post mixed signs, with their index posting losses of 1.43%, while OTE and Coca-Cola 3E stand out across FTSE20, with profits of 2.795% and 1.99% respectively.
“Last week of 4Q10 results announcement, the market will most probably accumulate at current price levels, amid renewed concerns on Japan’s crisis”, said Marfin Analysis in its morning report, while it stated that some interest could be seen on PPC, on the back of its quarterly results that were announced today before the bell.
Eurobank Securities expects a calm trading session with low volumes and a positive bias with focus remaining on developments in the Euro area, while Kyprou Securities remains cautious on ASE, as “the postponement of EU Summit decisions for June and revived worries about the Japanese nuclear accident do not benefit equities.”
“The inability of EU-member officials to reach additional solid agreements during the latest EU Summit and the absence of significant domestic positive catalysts, both corporate and sovereign, are anticipated to increase the market΄s weakness, with the GI expected to trade towards slightly lower levels today”, according to Pegasus Securities.
Across the board, the General Index is at 1613.1 units, down 0.56% %, moving into a narrow margin of 18 units, while the turnover stands at €43bn. A total amount of 49 shares rise, 85 decline and 42 remain unchanged.
(capital.gr)
Athens market moves in a stabilizing mood on Monday, as the General Index fluctuates between profits and losses, in the wake of the outcome of European Union summit.
Banks post mixed signs, with their index posting losses of 1.43%, while OTE and Coca-Cola 3E stand out across FTSE20, with profits of 2.795% and 1.99% respectively.
“Last week of 4Q10 results announcement, the market will most probably accumulate at current price levels, amid renewed concerns on Japan’s crisis”, said Marfin Analysis in its morning report, while it stated that some interest could be seen on PPC, on the back of its quarterly results that were announced today before the bell.
Eurobank Securities expects a calm trading session with low volumes and a positive bias with focus remaining on developments in the Euro area, while Kyprou Securities remains cautious on ASE, as “the postponement of EU Summit decisions for June and revived worries about the Japanese nuclear accident do not benefit equities.”
“The inability of EU-member officials to reach additional solid agreements during the latest EU Summit and the absence of significant domestic positive catalysts, both corporate and sovereign, are anticipated to increase the market΄s weakness, with the GI expected to trade towards slightly lower levels today”, according to Pegasus Securities.
Across the board, the General Index is at 1613.1 units, down 0.56% %, moving into a narrow margin of 18 units, while the turnover stands at €43bn. A total amount of 49 shares rise, 85 decline and 42 remain unchanged.
(capital.gr)
tommy271
Forumer storico
Trade deficit down 33.3pct in Jan.
Greece's trade balance deficit posted a further decline of 33.3 percent n January this year, according to provisional figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT).
The decline in the deficit was attributed to a continuing increase in the value of exports and a decline in the value of exports.
According to a provisional report on the country's commercial transactions, the deficit of the trade balance, excluding oil products, in January 2011 recorded a drop of 33.3%. More specifically, it decreased from 1859.1 million euros (2637.4 million dollars) in January 2010 to 1240.5 million euros (1643.2 million dollars) in January 2011.
The total value of imports-arrivals, excluding oil products, in January 2011 amounted to 2381.5 million euros (3171.9 million dollars) in comparison with 2774.5 million euros (3947.7 million dollars) in January 2010, recording a drop of 14.2%.
The total value of exports-dispatches, excluding oil products, in January 2011 amounted to 1140.9 million euros (1528.7 million dollars) in comparison with 915.4 million euros (1310.4 million dollars) in January 2010, recording an increase of 24.6%.
(ana.gr)
***
Ogni tanto, qualche notizia positiva ...
Greece's trade balance deficit posted a further decline of 33.3 percent n January this year, according to provisional figures released on Monday by the independent Hellenic Statistical Authority (ELSTAT).
The decline in the deficit was attributed to a continuing increase in the value of exports and a decline in the value of exports.
According to a provisional report on the country's commercial transactions, the deficit of the trade balance, excluding oil products, in January 2011 recorded a drop of 33.3%. More specifically, it decreased from 1859.1 million euros (2637.4 million dollars) in January 2010 to 1240.5 million euros (1643.2 million dollars) in January 2011.
The total value of imports-arrivals, excluding oil products, in January 2011 amounted to 2381.5 million euros (3171.9 million dollars) in comparison with 2774.5 million euros (3947.7 million dollars) in January 2010, recording a drop of 14.2%.
The total value of exports-dispatches, excluding oil products, in January 2011 amounted to 1140.9 million euros (1528.7 million dollars) in comparison with 915.4 million euros (1310.4 million dollars) in January 2010, recording an increase of 24.6%.
(ana.gr)
***
Ogni tanto, qualche notizia positiva ...
tommy271
Forumer storico
I TITOLI DEI GIORNALI:
Econmomic issues in the wake of the EU Summit las week mostly dominated the headlines in Athens' dailies on Monday.
ADESMEFTOS TYPOS: "Beyond government defeats at Summit, the pros and cons for Greece".
AVRIANI: "Which politicians made off with kickbacks from submarine purchases".
CITY PRESS: "Portugal's turn".
DIMOKRATIA: "Public sector wage scale, what will change in two months".
ELEFTHEROS TYPOS: "Final measures to buy out retirement years".
ELEFTHEROTYPIA: "Third pay cut for public utilities, enterprises".
ESTIA: "Recipe for destruction".
ETHNOS: "Reshuffle with three new key ministers".
IMERISSIA: "Storm of measures to raise 7 billion euros - Hospitals being closed, tax exemptions being cut".
NAFTEMPORIKI: "Recourse as of 2012 for Stability Fund".
TA NEA: "Changes to college entrance exams, high school".
VRADYNI: "They're legalising squatted lands".
(ana.gr)
Econmomic issues in the wake of the EU Summit las week mostly dominated the headlines in Athens' dailies on Monday.
ADESMEFTOS TYPOS: "Beyond government defeats at Summit, the pros and cons for Greece".
AVRIANI: "Which politicians made off with kickbacks from submarine purchases".
CITY PRESS: "Portugal's turn".
DIMOKRATIA: "Public sector wage scale, what will change in two months".
ELEFTHEROS TYPOS: "Final measures to buy out retirement years".
ELEFTHEROTYPIA: "Third pay cut for public utilities, enterprises".
ESTIA: "Recipe for destruction".
ETHNOS: "Reshuffle with three new key ministers".
IMERISSIA: "Storm of measures to raise 7 billion euros - Hospitals being closed, tax exemptions being cut".
NAFTEMPORIKI: "Recourse as of 2012 for Stability Fund".
TA NEA: "Changes to college entrance exams, high school".
VRADYNI: "They're legalising squatted lands".
(ana.gr)
Ultima modifica:
tommy271
Forumer storico
JP Morgan Against Chasing Euro Periphery
JP Morgan said investors should be exposed to peripheral European markets, according to a report.
While JP Morgan identifies some selected opportunities in the peripheral markets, it does not advise to overweight the group, as it continues to see the following headwinds:
a) Peripheral valuations are not exciting and EPS projections appear optimistic, b) fiscal drag continues, c) real rates remain uncomfortably high, d) the start of ECB tightening will be an additional negative for these countries.
JP Morgan remains of the view that the latest Euro policy announcements are a move in the right direction, reducing systemic risk.
“We reiterate our recent upgrade of banks to “overweight”, a sector which will benefit from lower cost of capital, was the worst performer in the last 6-12 months, but is attractively priced and will be supported by a recovery in credit demand”, it said.
The potential start of ECB tightening will be a headwind for countries with relatively more leveraged private sectors. Higher ECB rates is the last thing peripheral Europe needs at this point.
JP Morgan thinks long Italy and short Spain is an interesting pair trade.
Moreover, the potential imminent tapping of liquidity provision by Portugal and some uncertainty over the parliamentary approval of recent EFSF measures are raising questions over whether Euro crisis has the ability to take centre stage again.
Portuguese and Irish spreads to Germany have widened, but Italian, Spanish and Greek have improved significantly, JP Morgan stated.
The improvement in credit demand is evident from all cross-sections of the economy, large companies, small companies, unsecured and secured household credit.
Additionally, capital shortfall of banks was not dramatic, according to JP Morgan, adding that it favours French, Italian and Swiss banks.
(capital.gr)
JP Morgan said investors should be exposed to peripheral European markets, according to a report.
While JP Morgan identifies some selected opportunities in the peripheral markets, it does not advise to overweight the group, as it continues to see the following headwinds:
a) Peripheral valuations are not exciting and EPS projections appear optimistic, b) fiscal drag continues, c) real rates remain uncomfortably high, d) the start of ECB tightening will be an additional negative for these countries.
JP Morgan remains of the view that the latest Euro policy announcements are a move in the right direction, reducing systemic risk.
“We reiterate our recent upgrade of banks to “overweight”, a sector which will benefit from lower cost of capital, was the worst performer in the last 6-12 months, but is attractively priced and will be supported by a recovery in credit demand”, it said.
The potential start of ECB tightening will be a headwind for countries with relatively more leveraged private sectors. Higher ECB rates is the last thing peripheral Europe needs at this point.
JP Morgan thinks long Italy and short Spain is an interesting pair trade.
Moreover, the potential imminent tapping of liquidity provision by Portugal and some uncertainty over the parliamentary approval of recent EFSF measures are raising questions over whether Euro crisis has the ability to take centre stage again.
Portuguese and Irish spreads to Germany have widened, but Italian, Spanish and Greek have improved significantly, JP Morgan stated.
The improvement in credit demand is evident from all cross-sections of the economy, large companies, small companies, unsecured and secured household credit.
Additionally, capital shortfall of banks was not dramatic, according to JP Morgan, adding that it favours French, Italian and Swiss banks.
(capital.gr)
- Stato
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