129667840449677892_107Fitch Ratings downgraded Portugal credit assessment, Italy and Spain soaring Treasury yields, p cut Belgium sovereign reviews, Spain may seek international bailout sth Across the continent by thick clouds hung over, euro-zone Outlook is Dim and dark, euro treasures were no longer in the past. European debt crisis spreading fear driven international capital outflow of euros, and influx of dollars seeking refuge。
Euros seem to have "Tiger comes down to be bullied by the dogs", the dollar but the return of the King show treasures.
Italy Government bond yields soared, Spain may seek international aid and p cut Belgium's sovereignty on the crackdown, EUR/USD full collapse, the exchange rate fell below 1.33 mark, refreshing a seven-week lows 1.3211, close to 1.32 mark. Italy andSpain yields crazy Italy and Spain 2-year government bond yields record record highs on Friday, Italy yields but also break through the 8% barrier in one fell swoop. Financing cost is greater than 10 w/2-year period, and not only Greece and Portugal to seek financial aid before the echoes of the trend, also showed that the new Government is able to escape the European debt swallowed by waves, the marketThis is suspected. Royal Bank of Scotland (RBC) Harvinder Sian, fixed income strategist said that "as soon as the reverse of the yield curve, is the market is expected to cut debt or default risk, signs of serious events will occur. "He further stated that," this is another characteristic of these markets are really the situation critical. "Spain's largest bond dealersIntermoney Valores SA Chief Economist Jose Carlos Diez pointed out that "Italy of the yield curve is beginning to reverse, it is one of the things that worries me. Spain curves are also worrying. "Spain is considering seeking international aid, according to the Wall Street experience reports, Spain the new dealGovernment House is considering applying for financial aid to international organizations.
Close to Spain multiple sources of the people's Party, will be officially sworn in in mid-December of Spain the new Government was considering applying for international aid. One source said, "I think it does not make application assistance to sth But this is one of the options, because I was asked this question. But in its current stateXia, Spain needed more time and information. "The source pointed out that," if we have to apply for aid, we must do so now. "In addition, another Spain according to BJP's Senior Economic Adviser, apply for the International Monetary Fund (IMF) loan is just one option. He said that "Spain first choice is the ECB's quantitative easing measures, such asFruit that does not occur, we will have to seek external financing. "P dump Belgium sovereign letter rating to AA international letter rating agency standard and poor's ratings services (StandardAt the same time confirmed the short-term ratings of A-1
star wars the old republic power leveling, as potential increased risk faced by the country's borrowing power.
Rating Outlook to negative. P noted that Belgium financial pressure could force Belgium public debt to GDP ratio of over 100%. Expected Belgium 2011 budget deficit likely to approximately 3.6% per cent of GDP. Belgium's economic growth will be in 2012 slowed. Belgium to open economies in the eurozone and therefore extremely vulnerable to the effects of weakening external demand.
In addition, the protracted political uncertainty in Belgium of credit risks continued. Since June last year after the re-election of Parliament, Belgium has 518 days in a State of anarchy, can only rely on the transitional cabinet support Yves LetermeSupport pending the change.
Imminent a situation but for the time being, because of Belgium's public debt as a share of gross domestic product (GDP) ratio close to 100%, in 17 countries in the eurozone after Greece and Italy, came in third. Announced cut in biaopu Belgium letter after the assessment, Belgium Finance Minister laiendesi (Didier Reynders) pointed out that the biaopu cutBelgium comment on the letter is because the loss of confidence throughout the region.
Belgium Prime Minister of the caretaker Government, said Government budget needs during the weekend.
Dollar is really the return of the King? United States sovereignty on August 5 losing top AAA reviews, but the data show that announced dollars from p downgraded United States comment on the letter has been appreciated by 6.7%, in the developed world currenciesSecond only to the performance of the yen. United States despite a break through trillion-dollar budget deficit, both parties in Congress over how to cut spending problems such as deadlock, the unemployment rate up to 9%, United States the federal funds rate at a historically low level, but investors have not been deterred, still regard the world's largest economy as a haven for money, dare to buy dollars Australia Banco di San Giorgio (St.George Bank Ltd.) Chief said Besa Deda, Senior Economist, "market pessimism about the European debt Outlook strong because of a sudden seems to be no clear solution
swtor power leveling, save Europe's urgent needs. Euro loses favor amid dollar will get some support for this situation. "Sweden Nordea Bank (NordeA Bank), Chief foreign exchange strategist at Niels Christensen says euro anterior a haze. European bond markets increasingly bleak, adverse factors aggravated the eurozone.
Risk appetite back supported against the dollar. However, experts warned that frequent recent dollar strength, only m long term downward trend in the few bright spots, The weak dollar also continued for several years.
Safer approach, or is part of the US dollar deposits, more robust national currencies to fundamentals. United States economics professor Laurence Kotlikoff of Boston University said "the United States has basically broke. The long term, the value of the dollar will fall sharply. "
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