Posts Tagged ‘country’

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Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies

Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies Fundamental Forecast for the Euro: Bearish There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece. However, it is perhaps better to draw the connections to the situation now and that of the second half of 2008.

Published by on May 19th, 2012 at 01:05 am

Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes

Talking Points Crude Oil, Copper Sold on Greece Woes – Fed Minutes Key Ahead Gold and Silver Vulnerable if Fed Minutes Dent QE3 Expectations Commodity prices are trading broadly lower in European hours as risk aversion grips financial markets, weighing on sentiment-linked crude oil and copper prices while boosting the safe-haven US Dollar to put de-facto downward pressure on gold and silver . The sour mood comes after continued gridlock in Greece spurred the country’s lawmakers to call for new elections, which traders fear may produce a ruling majority for anti-austerity parties (and in particular, Syriza). This threatens to lead Athens to renege on its obligations under the EU/IMF bailout agreement, which may ultimately see the country leave the Eurozone .

Published by on May 16th, 2012 at 04:05 am

Assessing the Odds of a Greek Euro Exit

Has a Greek exit from the euro zone become inevitable—even desirable? Some European leaders appeared ready to let Greece walk after an anti-austerity backlash in May 6 elections left the country without a government. “The future of Greece in the euro zone now lies in Greece’s hands,” German Foreign Minister said in a speech to the lower house of parliament in Berlin on May 11.

Published by on May 15th, 2012 at 01:05 pm

STOCKS NEWS THAILAND-Indorama Ventures edges up on recovery hopes

Tue May 15, 2012 1:37am EDT Shares in the country’s largest polyester producer, Indorama Ventures Pcl, gained 0.83 percent to 30.25 baht, the first rise after six consecutive sessions of falls.

Published by on May 14th, 2012 at 11:05 pm

STOCKS NEWS THAILAND-Thai Rubber at 4-month low after Q1 loss

Tue May 15, 2012 1:53am EDT Shares in Thai Rubber Latex Corporation (Thailand) Pcl fell as much as 9.6 percent after the manufacturer of latex concentrate and disposable rubber gloves reported a quarterly net loss due in part to lower latex prices and higher energy costs. At the midsession break of 0530 GMT, Thai Rubber Latex shares were down 8.4 percent at 3.26 baht ($0.10), having fallen at one point to 3.22 baht ($0.10), the lowest since Jan. 20

Published by on May 14th, 2012 at 11:05 pm
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