Discussion points
Euro seems vulnerable on the Italian and Dutch Bond Auction results Germany to release the value of macroeconomic forecast updates for 2012 Australian Dollar sank after ICC disappoints, stimulate the RBA cut rates Paris the Euro is in a precarious position that views on the results of auctions of binding andItalian Dutch markets and the release of macro-economic forecasts updated by the Ministry of the German economy. Rome will sell coupon 2014 debt and inflation-linked 2017 and 2019 paper while Amsterdam is 2014 and 2037 links. Traders will be be keeping a close eye on the average yields of signs of sovereign stress of return.
The auction comes in the growing concern that the anti-austerity feeling fuels political instability in the region and can undermine the efforts of debt reduction. French President Nicolas Sarkozy lost in the first round of his re-election challenger anti-austerity campaign Francois Holland over the weekend in Dutch Prime Minister Mark Rutte and his cabinet resigned yesterday, having failed to agree on additional measures for deficit reduction.
During this time in Germany, a set of update of the official Government forecasts will be size against readings of PMI manufacturing and services April sharp drop of yesterday. Officials cut their prospects for growth of GDP 2012 to 0.7% in January of 1.0% in October of last year. A further reduction could to influence the risk appetite - stimulating Mint haven such as the Dollar and the Japanese Yen - that the dominant across financial markets theme is the degree to which a recession in the euro area will be derailing world production as a whole.
The lower Australian Dollar in trade during the night, collapse up to 0.8% against its major counterparts, after the digits of the price index dropped by forecasts of economists and strengthened expectations of an RBA interest rate cut next week policy meeting. The report shows that annualized inflation rate fell to 1.6% in the first quarter, the lowest in two years and a half.
More worrisome, the decrease in percentage of 1.5 point rate of 3.1% in the three months to December 2011 marked the largest quarterly decline in more than a decade. Markets, now the price of the certainty of a 25 bps decrease the rate of loan of reference with a slight possibility of a greater reduction, according to data compiled by the Credit Switzerland. The prospects for 12 months implies now 110 bps overall relaxation.
Asia session: What happened
Corporate price (YoY) (MAR)
Index of consumer prices (QoQ) (first quarter)
Index of consumer prices (YoY) (first quarter)
Weighted median RBA (QoQ) (first quarter)
Weighted median RBA (YoY) (first quarter)
Conference Board leading economic index (MAR)
Credit card spending s.a. (MoM) (MAR)
Credit card, spending (YoY) (MAR)
Session of the euro: what to expect
Of France (APR) consumer confidence indicator
Survey companies of France - aggregate demand (APR)
Netherlands to sell 2014-2037 links
Italian hourly wage (MoM) (MAR)
Italian hourly wages (YoY) (MAR)
Public finances (PSNCR) (£) (MAR)
Sector public borrowing Net (£) (MAR)
Italy sells 2014 zero-PCN, 2017-2019 I / L links
German Econ Department publishes forecasts
Critical levels
Euro seems vulnerable on the Italian and Dutch Bond Auction results Germany to release the value of macroeconomic forecast updates for 2012 Australian Dollar sank after ICC disappoints, stimulate the RBA cut rates Paris the Euro is in a precarious position that views on the results of auctions of binding andItalian Dutch markets and the release of macro-economic forecasts updated by the Ministry of the German economy. Rome will sell coupon 2014 debt and inflation-linked 2017 and 2019 paper while Amsterdam is 2014 and 2037 links. Traders will be be keeping a close eye on the average yields of signs of sovereign stress of return.
The auction comes in the growing concern that the anti-austerity feeling fuels political instability in the region and can undermine the efforts of debt reduction. French President Nicolas Sarkozy lost in the first round of his re-election challenger anti-austerity campaign Francois Holland over the weekend in Dutch Prime Minister Mark Rutte and his cabinet resigned yesterday, having failed to agree on additional measures for deficit reduction.
During this time in Germany, a set of update of the official Government forecasts will be size against readings of PMI manufacturing and services April sharp drop of yesterday. Officials cut their prospects for growth of GDP 2012 to 0.7% in January of 1.0% in October of last year. A further reduction could to influence the risk appetite - stimulating Mint haven such as the Dollar and the Japanese Yen - that the dominant across financial markets theme is the degree to which a recession in the euro area will be derailing world production as a whole.
The lower Australian Dollar in trade during the night, collapse up to 0.8% against its major counterparts, after the digits of the price index dropped by forecasts of economists and strengthened expectations of an RBA interest rate cut next week policy meeting. The report shows that annualized inflation rate fell to 1.6% in the first quarter, the lowest in two years and a half.
More worrisome, the decrease in percentage of 1.5 point rate of 3.1% in the three months to December 2011 marked the largest quarterly decline in more than a decade. Markets, now the price of the certainty of a 25 bps decrease the rate of loan of reference with a slight possibility of a greater reduction, according to data compiled by the Credit Switzerland. The prospects for 12 months implies now 110 bps overall relaxation.
Asia session: What happened
Corporate price (YoY) (MAR)
Index of consumer prices (QoQ) (first quarter)
Index of consumer prices (YoY) (first quarter)
Weighted median RBA (QoQ) (first quarter)
Weighted median RBA (YoY) (first quarter)
Conference Board leading economic index (MAR)
Credit card spending s.a. (MoM) (MAR)
Credit card, spending (YoY) (MAR)
Session of the euro: what to expect
Of France (APR) consumer confidence indicator
Survey companies of France - aggregate demand (APR)
Netherlands to sell 2014-2037 links
Italian hourly wage (MoM) (MAR)
Italian hourly wages (YoY) (MAR)
Public finances (PSNCR) (£) (MAR)
Sector public borrowing Net (£) (MAR)
Italy sells 2014 zero-PCN, 2017-2019 I / L links
German Econ Department publishes forecasts
Critical levels
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