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Thread: Spain Fundamental

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    Spain Fundamental

    Facing a new crisis of market confidence, and anxiety of its European neighbors, Madrid multiplies the affirmations that Spain will fulfill its objective of reducing the public deficit, revised upwards to 5.3% of GDP for 2012, against 4.4% projected earlier.

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    Re: Spain Fundamental

    The anxiety arising from the Spanish borrowing costs was escalated earlier in the day, after the ten-year Spanish bond rates was brought up in the morning to 5.8%, their highest level since December.

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    Re: Spain Fundamental

    Euro Strengthens After ECB Bond turmoil Relieve Spain
    Thursday, April 12, 2012 7:35 pm

    (Vibiznews - FX) - In today's trading the euro exchange rate movements which tend to appear to have strengthened (12/04). Euro continues rise against the dollar after the Spanish bond prices rose after a signal that the ECB will buy bonds that State to reduce the yield.

    Meanwhile, Italian bond auctions succeeded in achieving the targets set at 11 billion euros (14.4 billion dollars). The U.S. dollar appears to be still be in the momentum that tends to weaken after the Fed released a report saying that the U.S. economy managed to sustain the expansion in the 12 region of central bank.

    In today's trading the euro exchange rate movements appear to have increased slightly. Euro observed in the position of 1.0311 dollars, posting a significant increase compared to the close of trading early this morning and positioned at 1.0299 dollars.

    Analyst Research Vibiz of Vibiz Consulting seems to experience movement that tends to strengthen. The euro is likely to be trying to test the resistance level is quite strong today on the position of 1.0360 dollars.

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    Re: Spain Fundamental

    Spain Yield Continues Haunting Euro
    Saturday, April 14, 2012 1:24 pm

    Monexnews - For the first time in 3 days back Euro traded lower against the U.S. dollar on Friday as concerns over the spread of the outbreak back to the debt crisis in the Euro zone bond yields from rising Spanish, as well as global growth concerns following the release of Chinese data is disappointing.

    "Spain and China has become a major driver of the market on Friday, but the Euro was in a consolidation phase and may still be moving within a limited range between $ 1.30-$ 1.34 for a while," said Mark McCormick, currency analyst at G-10 at Brown Brothers Harriman in New York. "Asian markets tend to be more calm in response to Chinese data, while the markets of Europe and the United States see it as a factor that is more worrying."

    The yield on the Spanish government 10-year tenure still persist near the highest level which is printed at the beginning of 2012 this week, sparking fears that Spain will also be the victim of the next Euro zone debt crisis as the government continues to struggle to find a solution to erode the debt burden great.

    Recent data also show if the Spanish banks are very dependent on the European Central Bank funding facility, with a record high of loan? 316.3 billion in March. The amount is nearly two times the amount of the loan in February.

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    Re: Spain Fundamental

    JAPANESE INVESTORS AVOIDING SPAIN BECAUSE CRISIS WORSENED AGAIN
    The major investors in Japan, manages $ 368 billion, said it's too early to buy the bonds of European countries are experiencing debt difficulties, due to rising yields sparked concern that Spain's fiscal crisis will last long.

    Kokusai Asset Management Co.., The largest mutual-fund managers in Asia, Mitsubishi UFJ Asset Management Co.., A unit of Japan's largest public bank, and Silent Co., Part of the largest life insurance-to-2 in Japan, away from Spain's debt . Japanese investors to sell bonds denominated in euros, net $ 43.8 billion in the 12 months to February 29, 2012, according to the Ministry of Finance.

    "I do not plan to add Spanish or Italian bonds in the near future. Crisis in Europe is towards the end, but it does not mean the problem is completely resolved. It's not time to add the euro, "said Masataka Horii which manages $ 21.2 billion Kokusai Global Sovereign Open Fund.

    Too Risky

    "I'm not going to invest," said Yoshiyuki Suzuki who helps manage the equivalent of $ 68 billion as chief fixed-income at Fukoku Mutual Life Insurance Co. He avoided debt Spain, Portugal, Italy, and Ireland. "They are very risky. The economic situation in the euro area are very bad and will get worse. I focus on French and German bonds. They will be a good investment. "

    Last year, Japanese investors cut the number of euro-denominated debt they belong to the equivalent of $ 54.3 billion. The largest number since (at least) 2005, according to the Ministry of Finance.

    Horii fund has assets of 9.6% of euro-denominated government debt, mainly from Germany, the Netherlands, and Finland, on February 29, 2012. Euro assets, down from nearly 30% last year. The fund sold all sovereign-investment from Spain, Italy, and Belgium last year. Total assets managed by Kokusai equivalent to $ 46 billion.

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    Re: Spain Fundamental

    Euro rebounds ahead of Spain auction
    The increase in the Spanish bond yields raise concerns about the economic prospects of the euro zone and hit the euro. The euro had sunk to the bottom of $ 1.30. It is encouraging traders to bet against the euro back to buy and reduce losses. As the buying momentum increases, the purchase of a lift increase or reduce the euro currency's fall.

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    Re: Spain Fundamental

    Together with France, Spain Find a Fund $ 18 Billion
    Thursday, April 19, 2012 9:46 pm

    Monexnews - Spain and France berancana to get the funds as much as 13.5 billion euros (or $ 17.6 billion worth) today when the Prime Minister Mariano Rajoy seeks to meet the deficit target and the French presidential election that brought up the level of yield.


    Spanish bonds 2 and 10 years worth of 2.5 billion euros, while France has set the minimum target of 11 billion euros including debt and debt to 2017 relating to inflation for 2018.


    Spanish bond yield rate for a period of 10 years has increased 1% since the beginning of March, which is above 6%, while yield is equivalent to the French securities has increased by 10 bps as a member of the French Socialist Party, Francois Hollande, leading the vote results.

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    Re: Spain Fundamental

    Spanish Debt Auction Only One Of Multiple Eurozone Risks

    The European stock markets are in recovery mode today as we wait for the Spanish bond auction at 0930BST to set the tone. This auctions will be closely watched as Madrid tries to sell long-term debt, however its significance should not be overplayed as the size of 2014 and 2022 debt that is scheduled to be auctioned is less than EUR3 billion, which should be easily sucked up by the market.

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    Re: Spain Fundamental

    European markets rebound ahead of the Spanish auction
    Thursday, April 19, 2012,

    Financeroll - European stock markets rebounded on Thursday session of the decline in the last couple of days because the market is waiting for Spain's debt auction.

    Europe Stoxx 600 Index rose 0.7 percent to 259.54 level, supported by banking stocks such as Banco Santander SA, which rose 1.3 percent, and shares of major oil company BP PLC, which recorded an increase of 1 percent.

    Hit hard in the last session, the Spanish IBEX 35 index rose 0.7 percent to 7130.80 level ahead of debt auction two and 10 years. French CAC 40 index rose nearly 1 percent to a level of 3271.57 and Germany's DAX 30 rose 0.8 percent to a level of 6785.19. The FTSE 100 rose 0.7 percent to a level of 5785.83. Akzo Nobel NV shares rose 3.4 percent after a report pedapatannya results.

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    Re: Spain Fundamental

    Euro breaks, Spain has not been settled
    23/Apr/2012 10:13
    The market has not found a reason to make the euro out of the range $ 1.30 - $ 1.32. But the odds down $ 1.30 greater when more serious problems spain. In addition to Spanish, the French market is also looking at the election. Financial markets worried about the policy of the socialist Francois Hollande strong candidate, the incumbent is expected to be rivals Nicolas Sarkozy. Hollande is a plan to impose 75% tax on incomes above 1 million euros.
    One focus today is the Chinese data, which did not show much change. China's manufacturing PMI index rose to 49.1 version of the HSBC in April from 48.3 in March. Although improved, these data did little to market. The next focus is the European and German manufacturing data. German PMI index is expected to remain stable in the top 50, while the euro zone is still contraction. Tonight, ECB board member Jens Weidmann will speak in New York. He is known as an anti official program of asset purchases.
    Regarding other currencies, sterling managed to reach the highest level in six months last weekend thanks to a good retail sales data, rising inflation, and the BOE Minutes, which reduces the possible need for additional monetary stimulus. The cable touching $ 1.6142, its highest since October 2011. But like the euro, the currency is likely to break first, after a rally in the last week of each session.

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