May 21, 2012 8:40 AM
Daily Market News
EN | DE
Japan?s finance minister Jun Azumi on Friday stepped up his warnings over the yen?s strength, describing the currency?s climb after the release of disappointing US mid-Atlantic manufacturing data on Thursday as ?volatile? (the yen made its biggest single-day jump in more than a year against the US dollar, hitting a 3-month high of ¥79.13), adding ?there was a sudden rise in the yen last night that is attributable to some speculators who are over-reacting.? ?We are watching currencies with a heightened sense of caution and are prepared to respond as appropriate,? Azumi said in a veiled threat of yen-selling intervention.
From: LGT Navigator - Daily Market News Abo
May 18, 2012 8:10 AM
Daily Market News
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Several US Federal Reserve policymakers indicated that ?additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough,? according to minutes of the Federal Open Market Committee?s meeting held on 24/25 April.
From: LGT Navigator - Daily Market News Abo
May 16, 2012 9:48 AM
Weekly Market Comment
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It is now clear that Greece is set to hold new elections in June. Europe?s leaders and Greece?s international creditors will probably use the remaining time to prepare for the increased probability of a Greek exit from the euro. For Greece, the ongoing moderate shift in Europe?s economic policy focus from ?austerity? to ?growth? may have come too late.
May 16, 2012 8:48 AM
Daily Market News
EN | DE
A statement by Greece?s president Karolos Papoulias, who chaired three failed meetings in an attempt to form a government of respected personalities and technocrats, said the latest gathering ended without agreement. The nation?s leaders would convene again today to form a caretaker government to oversee a fresh election, probably on 17 June, the statement added.
From: LGT Navigator - Daily Market News Abo
May 15, 2012 8:32 AM
Daily Market News
EN | DE
The publication of economic growth data for Q1 (due today at 11 am CET) is likely to confirm a recession in the Eurozone, with GDP forecast to have contracted 0.2% on a quarterly as well as yearly basis (Q4 2011 adjusted for seasonal variations: -0.3% quarter-over-quarter, +0.7% year-over-year).
From: LGT Navigator - Daily Market News Abo
Friedrich Oelenhainz, "Portrait of the future Prince Johann I of Liechtenstein"
