Titoli di Stato area Euro PORTOGALLO Operativo titoli di stato

Portogallo, emissione bond su pressione su debito sovrano


In seguito alla crescita della pressione sul debito nazionale il Portogallo emetterá bond la prossima settimana, probabilmente alzando i costi di finanziamento.

In quella che potrebbe essere la sua penultima asta dell'anno, il Portogallo emetterá bond con scadenza ad ottobre 2016 al 4,20% e a giugno 2020 al 4,80%, per un totale compreso tra 0,75 e 1,25 miliardi.
Secondo Norbert Aul, strategist di Rbc Capital Markets, l'intenzione degli Stati periferici europei è di evitare la trappola del rollover, ma per loro "i tassi sul lungo termine sono meno favorevoli e l'accesso al mercato limitato".

I rendimenti sui titoli decennali portoghesi sono incrementati circa del 63% dall'inizio del 2010, raggiungendo quota 6,68%.
La forte crescita dei rendimenti sui bond portoghesi, irlandesi e greci potrebbe influenzare il profilo di emissione per il prossimo anno.

Al contrario, gli Stati piú forti dell'Eurozona continueranno a beneficiare di rendimenti bassi per i titoli a lungo termine.


(Milano Finanza)
 
China's Hu begins Portugal visit, debt help eyed


By Andrei Khalip
LISBON | Sat Nov 6, 2010 11:25am EDT



LISBON Nov 6 (Reuters) - Chinese President Hu Jintao began a visit to Portugal on Saturday where it is hoped that China may purchase some of the country's sovereign debt and sign trade deals to boost one of Europe's most beleaguered economies.

Hu will meet President Anibal Cavaco Silva, whose status is largely ceremonial, later on Saturday, and will see Prime Minister Jose Socrates on Sunday to sign several treaties in the areas of trade, renewable energy and tourism.

Portugal's Treasury Secretary Carlos Pina told Reuters on Thursday the country was making a major effort to diversify the pool of investors in its sovereign debt with a particular focus on China, which the government sees as a "strategic priority".

There are hopes in Portugal for a repeat of Chinese promises of debt purchases and investment to help the euro zone's hardest hit member, Greece. China last month offered to buy Greek bonds when Greece returned to markets.

"China coming to buy Portuguese debt would give a sign to other investors that it is safe to buy, that it will be paid back. China doesn't do bad business," Basilio Horta, head of Portugal's investment and trade agency AICEP, told reporters.

Investor concerns that Portugal may fail to rein in its budget deficit and debt have caused its debt premiums to spike this year, raising the spectre of a Greek-style bailout. The minority Socialist government maintains it will meet the budget deficit target of 7.3 percent of GDP this year and 4.6 percent next year after it hammered out a treaty with the opposition to push an austere 2011 budget through parliament.

Investors also fear that Portugal may slide into a new recession next year as austerity measures, like higher taxes, will kick in, but the government is betting on export growth to keep the economy from contracting.

Possible deals to sell more Portuguese products like wine and olive oil in the world's most populous country would help boost exports and avoid a recession.

Chinese state entities generally have been conservative about investing in foreign financial markets and the Chinese government faces domestic political criticism over losses incurred by these entities during the global financial crisis.

Still, China may calculate its support of troubled European countries would help deflect international criticism of its trade policies and its refusal to let its yuan currency appreciate sharply. Hu comes to Lisbon after two days of talks with French President Nicolas Sarkozy, where the two have reached "real convergence" over the need to reform the global financial system and France told China that balanced trade was the best way to shield the world from future crises.
 
tommy ciao scusa non capisco l'inglese il cinese che dice che compra pure i titoli portoghesi?

La Cina si muove in Portogallo come ha fatto in Grecia.
Parole di sostegno per il debito pubblico con promesse di acquisto.

La visita di Hu non l'ho seguita bene, ma la Francia ne ha tratto ottimi benefici.
Bisognerebbe guardare la composizione della delegazione cinese...
Ad esempio Wen Jiao Bao in Grecia, tra gli altri era accompagnato dal Responsabile della Banca Centrale...
 
China, Portugal vow to boost legislative exchanges​

English.news.cn 2010-11-07 13:01:53


LISBON, Nov. 6 (Xinhua) -- Chinese President Hu Jintao and Portuguese parliament speaker Jaime Gama agreed here Saturday to boost exchanges between the legislatures of the two countries in a bid to advance bilateral comprehensive strategic partnership.

During his meeting with Gama, Hu said both China and Portugal boast ancient civilizations, contributing significantly to human progress, and maintaining a long tradition of friendship between the two peoples.

There has been a smooth development of bilateral ties since the two countries established diplomatic relations in 1979 and the launch of the comprehensive strategic partnership in 2005 ushered in a new phase for bilateral cooperation, he said.
In recent years, the two countries made frequent exchange of high-level visits, deepening political mutual trust, rapidly expanding trade and economic cooperation, enhancing people-to-people and cultural exchanges, and maintaining good communication and coordination in international affairs, Hu said.

Portugal has played a key role in promoting the development of China-Europe relations, he added.
Legislative exchanges and cooperation are an important part of bilateral relations, Hu went on.

In recent years, legislatures of both countries maintained close contacts, playing an important role in promoting the mutual understanding and friendship between the two peoples, consolidating the public opinion base of bilateral ties and advancing the comprehensive and in-depth development of the Sino-Portuguese ties, he noted.

Hu said he hopes that the Portuguese parliament would continue to play an active role in promoting the development of the Sino-Portuguese relations. Legislatures of both countries need to continue to conduct exchanges in different forms and at different levels, so as to make new contributions to advancing bilateral comprehensive strategic partnership, he added.
For his part, Gama said Hu's state visit to Portugal is of epoch-making significance in that it is not only conducive to boosting China-Portugal ties, but also important for advancing China-Europe relations.

He said the Sino-Portuguese relations are time-honored. Under the new situation, both countries should continue to push forward their comprehensive strategic partnership.
China has made great contributions to the development of the world culture and is playing an increasingly important role on the international arena, he added.

The Portuguese parliament has maintained good contacts and exchanges with the National People's Congress of China, China's legislature, and the Chinese People's Political Consultative Conference, China's political advisory body, Gama said.
He added that the Portuguese parliament actively supports the development of the Sino-Portuguese ties and is keen to promote the development of bilateral comprehensive strategic partnership.

All the political parties in Portugal are willing to enhance their ties with the Communist Party of China, he said.
Hu arrived here Saturday after a three-day state visit to France. He is scheduled to head back home on Sunday.

***
Toni meno calorosi, rispetto a quelli utilizzati in Grecia, dell'agenzia di stampa ufficiale "Nuova Cina".
Nessun accenno all'acquisto del debito pubblico, sino a questo momento.
 
Portuguese government employees protest salary cuts


LISBON — Tens of thousands of government employees marched in the capital of eurozone member Portugal on Saturday to protest an austerity budget that would slash their salaries.

Following banners of "Enough!" and "No to stealing salaries!" some 100,000 government employees marched through the city's main avenue against the Socialist government's plans, according to union estimates. Portuguese police do not provide crowd figures.

Some civil servants are facing wage cuts of up to 10 percent.
Under pressure from the European Union and financial markets, Portugal approved last week a budget that aims to save five billion euros (seven billion dollars) to try to bring down the country's public deficit to 4.6 percent from an expected 7.3 percent this year.

Despite the approval of the austerity budget markets heaped more pressure on the country to get its finances in order, driving Portugal's borrowing rate to a historic high.

The yield -- the rate of return for investors -- on the benchmark Portuguese 10-year bonds jumped to 6.439 on Thursday.

Saturday's demonstration comes ahead of a general strike planned for November 24, the first in decades, which both of the country's major labour union confederations have decided to support.


(AFP)
 

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