May 28, 2012 14 analyst h 10 GMT 
China economy: difficult to reach 9.0% this year, but we remain optimistic
Global economic team, Morgan Stanley
Always optimistic on the prospects of the macro: policy measures more streaming, we believe that the growth of GDP in China now has troughed and accelerate significantly in the third and fourth quarter of this year.
History
FX: Euro under pressure
Morten Helt, principal analyst, Danske Bank
Since the Greek elections on May 2, the euro has been under a severe pressure against the US dollar and EUR/USD in may fell from above 1.32 currently 1.25. The main reasons are of course the risk of a Greek default, or that the country decides to leave the euro. We think that things could get much worse before they improve and we see more risk in the short term EUR/USD and EUR/GBP, EUR/JPY.
History
Growth reduced yields more
John e. Silvia, Chief Economist, Wells Fargo
The wall of worry related to the European financial crisis, combined with reports of slower economic growth in China, from expectations of lower interest and reduced interest rates going forward. The 10-year Treasury yield ends the month just below 1.75%, and the Treasury of two years is less than 0.3%. The federal funds rate has effectively transferred a little stronger in recent weeks, possibly reflecting the effect of slightly stronger growth of the loan. Despite a few higher basis points, the expectations for the moment a strengthening of monetary policy remain unchanged, with the majority of the members of the Committee on the open market and the market players expect the first tightening move sooner than 2014.
History
United States - imbalances in Europe
Chris Jones, Economist, TD Financial Group Bank
Fears for the future of Europe reached a new field this week after it emerged that senior officials have been drawing of contingency plans for a potential that Greek out of monetary union. We also published a report describing how a Greek start might be and how it may affect the U.S. economy. No doubt a chaotic divorce consequences. But what is often underestimated is the fact that this crisis is not only Governments that cannot pay their bills. It's a balance of payments crisis that extends well beyond the borders of the Greece.
History
China economy: difficult to reach 9.0% this year, but we remain optimistic
Global economic team, Morgan Stanley
Always optimistic on the prospects of the macro: policy measures more streaming, we believe that the growth of GDP in China now has troughed and accelerate significantly in the third and fourth quarter of this year.
History
FX: Euro under pressure
Morten Helt, principal analyst, Danske Bank
Since the Greek elections on May 2, the euro has been under a severe pressure against the US dollar and EUR/USD in may fell from above 1.32 currently 1.25. The main reasons are of course the risk of a Greek default, or that the country decides to leave the euro. We think that things could get much worse before they improve and we see more risk in the short term EUR/USD and EUR/GBP, EUR/JPY.
History
Growth reduced yields more
John e. Silvia, Chief Economist, Wells Fargo
The wall of worry related to the European financial crisis, combined with reports of slower economic growth in China, from expectations of lower interest and reduced interest rates going forward. The 10-year Treasury yield ends the month just below 1.75%, and the Treasury of two years is less than 0.3%. The federal funds rate has effectively transferred a little stronger in recent weeks, possibly reflecting the effect of slightly stronger growth of the loan. Despite a few higher basis points, the expectations for the moment a strengthening of monetary policy remain unchanged, with the majority of the members of the Committee on the open market and the market players expect the first tightening move sooner than 2014.
History
United States - imbalances in Europe
Chris Jones, Economist, TD Financial Group Bank
Fears for the future of Europe reached a new field this week after it emerged that senior officials have been drawing of contingency plans for a potential that Greek out of monetary union. We also published a report describing how a Greek start might be and how it may affect the U.S. economy. No doubt a chaotic divorce consequences. But what is often underestimated is the fact that this crisis is not only Governments that cannot pay their bills. It's a balance of payments crisis that extends well beyond the borders of the Greece.
History
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