Tuesday, December 20, 2011

Markets rally on German economy, US housing news

French EU lawmaker Sylvie Goulard has warned that the EU is becoming a "monster" with its latest treaty changes. The Liberal MEP said that "turning Europe into an angry father whipping his children is a fundamental error": I do not see myself going off to sell to my fellow citizens a Europe that behaves in this way. To say it's Europe or democracy, I do not agree. We are in the midst of creating a monster"....the IVth. Reich is being slowly bur surely impinged upon us, the Christian Nations (orthodox an catholic) by the barbarians who started every war in Europe in the last 1000 years and who murdered millions of innocent people for no reason at all, just for the joy of killing I suppose !...Hopefully the outcome will be as usual , they'll lose in spite of the unconditional support and help extended by Russia and The U.S. - But, what will it be the cost this time ?

4 comments:

Anonymous said...

.11 An update on the ratings action from Fitch: those four French banks being put on negative outlook are Societe Generale, Groupe BPCE, Dexia Credit Local and La Banque Postale. It is also putting seven Italian and eight Spanish lenders on watch.

17.41 The ratings news continues: Fitch has put four French banks, including Societe Generale, on negative outlook.

17.31 The Moody's report calls the UK "one of the most competitive of the large advanced economies in the world", adding that the pound and central bank provide "substantial flexibility in developing responses to economic and financial shocks" and debt refinancing risks are limited due to the long average maturity.

But it also warns that it faces "formidable and rising challenges"; A significant increase in the government's deficit since 2008 has eroded its ability to absorb further macroeconomic or fiscal shocks without "rating implications".

tilly said...

Angela Merkel discussed minimum wages and a bill on energy-efficiency labeling with ministers in Berlin today, her last meeting before Christmas.

Tomorrow she's off on holiday. Her spokesman declined to say where, saying only that her next official appearance isn't until January 5. Last year she went cross-country skiing in the Swiss Alps.

As she takes time out, the German leader leaves the threat of a downgrade hanging over Europe’s biggest economy, as rating companies join investors in questioning the impact of Merkel’s December 9 European summit push for closer fiscal ties to combat the crisis.

Christian Schulz, an economist at Joh. Berenberg Gossler & Co in London, said:

They haven’t solved the crisis. If the whole thing blows up, it’s going to cost Merkel a lot.

moto said...

Marketing giant WPP has bought a 49pc stake in Nanjing Yindu Advertising and Commerce, the leading independent advertising agency in the People's Republic of China.

international public transport group National Express says it remains firmly on target to deliver revenue and profit growth in 2011 in every one of its divisions. Dean Finch, chief executive, commented:

National Express is finishing 2011 in excellent shape. We are growing revenue and profit in all five of our divisions. We continue to invest in new fleet and offer exceptional value to our customers, enhancing the quality of our services at prices our passengers can afford. As recent passenger growth has shown, our customers value our competitive pricing during this period of economic uncertainty. This strong foundation, coupled with a clear cost focus and the operational flexibility of our business, leaves us well positioned to pursue new opportunities to deliver value to shareholders in the future.

07.13 It will be interesting to see how markets react today after yesterday's events. In case you missed it, George Osborne refused to give the IMF bail-out fund any extra money. EU finance ministers managed to raise €150bn, €50bn short of its target.

Treasury sources told The Daily Telegraph that George Osborne, the Chancellor, was directly asked in a conference call with EU finance ministers to contribute to the €200bn bail-out fund for the euro but “categorically” declined.

ruffus said...

Did you know this Kim Jong il chappy had 11 holes in-one in a single round. As Mr Aliss would say "Remarkable". As i look at him lying in a right state in his glass box, i can't help but think he's trying to outdo David Blaine. Oops that should be "In state" or maybe not.