Titoli di Stato Italia Trading Titoli di Stato III° (Gennaio 2010 - Dicembre 2011) (13 lettori)
- Creatore Discussione NNGNews
- Data di Inizio
-
- Tags
- btp off-the-run
- Stato
belindo
Guest
Però la giornata continua a non convincermi, il FBTP adesso è sceso molto ma il FBUND non è salito e quindi scende EURUSD scende FBTP scende FMIB non scendono ma non brillano DAX e FBUND.
Sembra che si aspetti un nulla di fatto dal summit a vantaggio della Germania che però non ha molto di che andrne fiera se non si trova un accordo.
Sembra che si aspetti un nulla di fatto dal summit a vantaggio della Germania che però non ha molto di che andrne fiera se non si trova un accordo.
spx
TDSfriends ..da una vita
Spero in qualche "urlo" di DRAGHI al senso di Responsabilità...
Baro
Umile contadino
Speriamo anche nel taglio dei tassi quasi sicuro...
stefanofabb
GAIN/Welcome
il discorso di Mario
buon giorno a tutti voi.tornato ora da mattinata sportiva(nuoto) ora sono operativo
(Il Sole 24 Ore Radiocor) - Milano, 08 dic - Forniamo di
seguito, in collaborazione con Intesa Sanpaolo il calendario
dei principali eventi in Europa e in Asia della giornata
(dati macroeconomici e appuntamenti istituzionali)
GIA - Ordinativi di macchinari mm, ottobre h. 00,50
precedente: -8,2% / consenso: 0,5%
FRA - Occupati (finale), terzo trimestre h. 7,30
precedente: 0,0% / consenso: --
GB - BoE annuncio tassi (previsione Intesa Sanpaolo:
bank rate invariato a 0,5%) h. 13,00
EUR - Bce annuncio tassi (previsione Intesa Sanpaolo:
refi a 1,00% da 1,25%) h. 13,45
EUR - Conferenza stampa di Draghi (Bce) h. 14,30
EUR - Discorso di Constancio (Bce) sulla politica
economica europea h. 16,30
solo io e te possiamo ancora usare una piattaforma simile
gli altri ci postano book a 20 livelli ... e noi....
pazienza...
cmq non avendo passato ordini oggi, non mi ero accorta del blocco...
sapete a che ora c'e' il comunicato BCE visto che e' festa?
anticipano? grazie
buon giorno a tutti voi.tornato ora da mattinata sportiva(nuoto) ora sono operativo (Il Sole 24 Ore Radiocor) - Milano, 08 dic - Forniamo diseguito, in collaborazione con Intesa Sanpaolo il calendario
dei principali eventi in Europa e in Asia della giornata
(dati macroeconomici e appuntamenti istituzionali)
GIA - Ordinativi di macchinari mm, ottobre h. 00,50
precedente: -8,2% / consenso: 0,5%
FRA - Occupati (finale), terzo trimestre h. 7,30
precedente: 0,0% / consenso: --
GB - BoE annuncio tassi (previsione Intesa Sanpaolo:
bank rate invariato a 0,5%) h. 13,00
EUR - Bce annuncio tassi (previsione Intesa Sanpaolo:
refi a 1,00% da 1,25%) h. 13,45
EUR - Conferenza stampa di Draghi (Bce) h. 14,30
EUR - Discorso di Constancio (Bce) sulla politica
economica europea h. 16,30
Zebro
Valar dohaeris
C'è stato un crollo improvviso...
locco68
violaforever
End times for the euro zone
About Jon Markman
Jon D. Markman writes the “Speculations” column for MarketWatch. He is an investment advisor, money management consultant and best-selling author in Seattle. He and his team publish four daily advisories: Gemini 252 on S&P 500 E-mini and Treasury bond futures timing; Gemini SGX on gold and silver futures timing; Strategic Advantage on growth stocks, ETFs and the global investing environment; and Trader's Advantage on swing-trading high-beta stocks and options. Markman is a former MSN Money managing editor; Los Angeles Times financial columnist; winner of the Gerald Loeb Award for Distinguished Financial Journalism; and senior investment strategist at a stat arb hedge fund. He is also author of five books on investing, including most recently an annotated edition of "Reminiscences of a Stock Operator." His Twitter feed is @jdmarkman.
By Jon D. Markman
Stocks have ripped higher on hints that the leaders of France and Germany are determined to ram a political solution down the throats of the euro zone to counter an economic problem. Lenin must be laughing in his grave.
The newest proposal by French President Nicolas Sarkozy and German Chancellor Angela Merkel creates what amounts to a fiscal KGB in Brussels to beat up on euro zone countries that break ranks on budget policy. It’s as preposterous as all the others that have come before.
The citizens of countries ranging from Finland to Slovakia are not going to give up any more of their sovereign rights to technocrats running an organization that has already failed miserably at its goal of creating economic stability through currency union.
Anyone with a high school textbook can read about how centrally planned economies are a relic of the barbaric Soviet era — in which Merkel herself came of age in East Germany. Even in the U.S., the federal government does not tell the states how much money to raise or how to spend it.
The problem of course is that Merkel and Sarkozy have come to this Plan E, F or G — I've lost count — because Plans A, B, C and D for dealing with the creditors knocking at the door of overleveraged European governments have hit dead ends.
Borrowing money is fun. Paying it back is a real drag. Let's take off the rose-colored glasses and look at the reality with help from analyst Satyajit Das in Australia:
-- European governments and banks need 1.9 trillion euros to refinance maturing debt in 2012.
-- Italy alone needs 113 billion euros in the first quarter and 300 billion over the full year.
-- European banks need 500 billion euros in the first half of 2012 and 275 billion in the second half.
-- This means they need to raise 230 billion euros per quarter in 2012, versus 132 billion per quarter in 2011.
-- Yet since June 2011, European banks have been only able to raise 17 billion euros, compared to 120 billion in 2010.
Das notes that Europe does not have a liquidity problem that can be solved by cutting the cost of swaps. In other words, you can't just replace private-sector lenders with official lenders such as the ECB, IMF or the Fed. Read more: Satyajit Das: We're all in the euro zone now.
Rather, Europe has a solvency problem. Stronger nations can't save the peripheral nations without destroying their own credit ratings and ability to raise funds. That’s what Standard & Poor's was saying Monday when it put the top six countries in the euro zone on "creditwatch negative."
The only foreseeable way out is realistic write-downs of the debt of Greece, Portugal and Ireland, preparedness to do the same for Italy and Spain, and an aggressive recapitalization of European banks and the ECB. And by realistic, I mean 100% in the case of Greece, and around 80% for the rest.
The emergency euro-zone fund known as the EFSF is far too feeble to take on this task, and the Chinese have emphatically said they will not help.
Meanwhile, the new ideas of "fiscal integration," in which Germany guarantees the debts of southern countries, or "debt monetization," in which the ECB prints money to buy bonds, have already been rejected repeatedly, and with good reason: Germany and France cannot increase commitments without ruining their credit, and the ECB is forbidden to buy bonds directly.
This incredible scramble for funds is unseemly and should make everyone extremely uncomfortable. These are like loans to a drunk to buy more booze so he can shed the DTs. It's not a solution; it's buying time.
The euro zone is dysfunctional and unstable. Governments are spending less as part of new austerity measures, consumers are pulling back, and industrial growth is contracting. The shock waves are hitting China, and it's hard to see how they won't also smack the United States. And yet serious debt write-downs for the banks aren't even on the table — yet.
Let's say the Dec. 9 summit results in cuts of euro-zone interest rates, easier collateral rules and a provision of 300 million more euros from stronger European central banks to the IMF to help the worst-hit countries. These measures would still not be enough, not even close.
The world is running out of options unless a spaceship arrives from Mars with more money. The time to fix this is long past, and now we just have to figure out how to live with the consequences. To Das, a line from Shakespeare’s tragedy Richard II, is appropriate: "I wasted time, and now time doth waste me."
About Jon Markman
Jon D. Markman writes the “Speculations” column for MarketWatch. He is an investment advisor, money management consultant and best-selling author in Seattle. He and his team publish four daily advisories: Gemini 252 on S&P 500 E-mini and Treasury bond futures timing; Gemini SGX on gold and silver futures timing; Strategic Advantage on growth stocks, ETFs and the global investing environment; and Trader's Advantage on swing-trading high-beta stocks and options. Markman is a former MSN Money managing editor; Los Angeles Times financial columnist; winner of the Gerald Loeb Award for Distinguished Financial Journalism; and senior investment strategist at a stat arb hedge fund. He is also author of five books on investing, including most recently an annotated edition of "Reminiscences of a Stock Operator." His Twitter feed is @jdmarkman.
By Jon D. Markman
Stocks have ripped higher on hints that the leaders of France and Germany are determined to ram a political solution down the throats of the euro zone to counter an economic problem. Lenin must be laughing in his grave.
The newest proposal by French President Nicolas Sarkozy and German Chancellor Angela Merkel creates what amounts to a fiscal KGB in Brussels to beat up on euro zone countries that break ranks on budget policy. It’s as preposterous as all the others that have come before.
The citizens of countries ranging from Finland to Slovakia are not going to give up any more of their sovereign rights to technocrats running an organization that has already failed miserably at its goal of creating economic stability through currency union.
Anyone with a high school textbook can read about how centrally planned economies are a relic of the barbaric Soviet era — in which Merkel herself came of age in East Germany. Even in the U.S., the federal government does not tell the states how much money to raise or how to spend it.
The problem of course is that Merkel and Sarkozy have come to this Plan E, F or G — I've lost count — because Plans A, B, C and D for dealing with the creditors knocking at the door of overleveraged European governments have hit dead ends.
Borrowing money is fun. Paying it back is a real drag. Let's take off the rose-colored glasses and look at the reality with help from analyst Satyajit Das in Australia:
-- European governments and banks need 1.9 trillion euros to refinance maturing debt in 2012.
-- Italy alone needs 113 billion euros in the first quarter and 300 billion over the full year.
-- European banks need 500 billion euros in the first half of 2012 and 275 billion in the second half.
-- This means they need to raise 230 billion euros per quarter in 2012, versus 132 billion per quarter in 2011.
-- Yet since June 2011, European banks have been only able to raise 17 billion euros, compared to 120 billion in 2010.
Das notes that Europe does not have a liquidity problem that can be solved by cutting the cost of swaps. In other words, you can't just replace private-sector lenders with official lenders such as the ECB, IMF or the Fed. Read more: Satyajit Das: We're all in the euro zone now.
Rather, Europe has a solvency problem. Stronger nations can't save the peripheral nations without destroying their own credit ratings and ability to raise funds. That’s what Standard & Poor's was saying Monday when it put the top six countries in the euro zone on "creditwatch negative."
The only foreseeable way out is realistic write-downs of the debt of Greece, Portugal and Ireland, preparedness to do the same for Italy and Spain, and an aggressive recapitalization of European banks and the ECB. And by realistic, I mean 100% in the case of Greece, and around 80% for the rest.
The emergency euro-zone fund known as the EFSF is far too feeble to take on this task, and the Chinese have emphatically said they will not help.
Meanwhile, the new ideas of "fiscal integration," in which Germany guarantees the debts of southern countries, or "debt monetization," in which the ECB prints money to buy bonds, have already been rejected repeatedly, and with good reason: Germany and France cannot increase commitments without ruining their credit, and the ECB is forbidden to buy bonds directly.
This incredible scramble for funds is unseemly and should make everyone extremely uncomfortable. These are like loans to a drunk to buy more booze so he can shed the DTs. It's not a solution; it's buying time.
The euro zone is dysfunctional and unstable. Governments are spending less as part of new austerity measures, consumers are pulling back, and industrial growth is contracting. The shock waves are hitting China, and it's hard to see how they won't also smack the United States. And yet serious debt write-downs for the banks aren't even on the table — yet.
Let's say the Dec. 9 summit results in cuts of euro-zone interest rates, easier collateral rules and a provision of 300 million more euros from stronger European central banks to the IMF to help the worst-hit countries. These measures would still not be enough, not even close.
The world is running out of options unless a spaceship arrives from Mars with more money. The time to fix this is long past, and now we just have to figure out how to live with the consequences. To Das, a line from Shakespeare’s tragedy Richard II, is appropriate: "I wasted time, and now time doth waste me."
locco68
violaforever
The European Union is nearing a deal to lend €200 billion to the International Monetary Fund -- including €150 billion coming from the 17-nation euro zone -- that the IMF could then use to shore up the troubled euro-zone sovereign debt market, euro-zone officials said Thursday.
EU leaders will make final decisions on the proposal at their summit meeting starting Thursday as part of a larger deal they hope will prevent a collapse of the euro zone.
The €150 billion will come from bilateral loans from the euro-zone's central banks to the IMF, while another €50 billion in loans would come from non-euro-zone EU countries, an EU diplomat said.
Other parts of the deal being negotiated include lifting a €500 billion cap on lending from the euro zone's sovereign bailout funds.
Doing so could provide up to €700 billion in lending for Italy, Spain and bank recapitalizations across the euro zone. But Germany is resisting the idea, one euro-zone official said.
Siamo sempre li'....o la Germania cede.....o l'Euro finisce.....
EU leaders will make final decisions on the proposal at their summit meeting starting Thursday as part of a larger deal they hope will prevent a collapse of the euro zone.
The €150 billion will come from bilateral loans from the euro-zone's central banks to the IMF, while another €50 billion in loans would come from non-euro-zone EU countries, an EU diplomat said.
Other parts of the deal being negotiated include lifting a €500 billion cap on lending from the euro zone's sovereign bailout funds.
Doing so could provide up to €700 billion in lending for Italy, Spain and bank recapitalizations across the euro zone. But Germany is resisting the idea, one euro-zone official said.
Siamo sempre li'....o la Germania cede.....o l'Euro finisce.....
- Stato