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MONEY MARKETS-U.S. Treasury bill rates dip below zero
(
AFP
)
Friday November 20, 09:06 PM
By Chris Reese
NEW YORK, Nov 20 (Reuters) - Yields on short-dated Treasury
bills pushed below zero on Friday as investors clamored for
low-risk investments in bets that central banks will hold
interest rates at ultra-low levels for a long time.
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- Dollar peps up after low point [at Financial Times]
(
Financial Times
)
Friday November 20, 06:40 PM
The dollar stabilised this week as the recent rally in risky assets appeared to falter and the Federal Reserve made rare comments on the value of the currency.
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FX afternoon update - Sterling remains weak as dollar perks up
(
ShareCast)
Friday November 20, 04:47 PM
Sterling has continued falling throughout the trading day with its trade weighted index falling briefly back through 80.00 and its 200 day MA.
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- Debt fears hit sterling [at Financial Times]
(
Financial Times
)
Friday November 20, 12:30 PM
Sterling fell to a one-week low against the dollar on Friday as unease over the UK's fiscal health and declining investor appetite for riskier currencies weighed on the pound.
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FX morning update - Sterling still looking soft
(
ShareCast)
Friday November 20, 09:45 AM
Sterling has continued its losses in early European trading against a basket of currencies from yesterday, and looks as if it could drop back towards the old 80.20 support area.
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Consolidation to hit solar sector in 2010-BP Solar
(
AFP
)
Thursday November 19, 11:06 PM
LOS ANGELES, Nov 19 (Reuters) - More consolidation will hit the solar power industry next year, the chief executive of BP Solar, a unit of BP Plc, told Reuters on Thursday.
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FX afternoon update - US dollar picks up as sterling slumps
(
ShareCast)
Thursday November 19, 04:13 PM
This afternoon's rally in the dollar index has shown that the market is starting to become a little nervous about being overly short of dollars. The slide back in the metals prices has reinforced that feeling.
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Britain needs firm plan to cut borrowing -OECD
(
AFP
)
Thursday November 19, 10:15 AM
PARIS, Nov 19 (Reuters) - Britain needs to come up with a concrete plan to cut its ballooning budget deficit to soothe concerns about the stability of the public finances, a leading think-tank said on Thursday.
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INDICATORS - Bulgaria - Updated Nov 19
(
AFP
)
Thursday November 19, 10:03 AM
(Updates with October unemployment rate data)
New items are marked by asterisk (*)
--------------------------------------------------------------
GROSS DOMESTIC PRODUCT
Q3 Q2/09 Q1/09 FY/08 Q3/08
y/y pct chng -5.8 -4.9 -3.5 +6.0 +6.8
bln levs 17.78 16.32 13.96 66.73 18.61
---------------------------------------------------------------
BULGARIAN CONSUMER PRICES OCT/09 SEPT/09 OCT/08
m/m pct change +0.1 0.0 +0.5
y/y pct change -0.3 +0.2 +10.9
---------------------------------------------------------------
EU HARMONISED PRICE INFLATION OCT/09 SEPT/09 OCT/08
m/m pct change +0.2 -0.2 +0.1
y/y pct change +0.3 +0.2 +11.2
---------------------------------------------------------------
*UNEMPLOYMENT RATE OCT/09 SEPT/09 OCT/08
monthly total 304,915 297,515 216,644
pct of workforce 8.23 8.03 5.85
---------------------------------------------------------------
PRODUCER PRICE INFLATION SEPT/09 AUG/09 SEPT/08
m/m pct change +1.2 -0.3 -1.0
y/y pct change -7.8 -9.8 +12.6
---------------------------------------------------------------
INDUSTRIAL OUTPUT SEPT/09 AUG/09 (revised) SEPT/08
m/m pct change +2.7 -7.7 +8.5
y/y pct change -19.3 -15.8 +2.5
---------------------------------------------------------------
INDUSTRIAL SALES SEPT/09 AUG/09(revised) SEPT/08
m/m pct change +4.1 -5.9 +11.0
y/y pct change -28.2 -23.1 +3.3
---------------------------------------------------------------
GROSS FOREIGN DEBT
(in million euros) END-AUG/09 END-JULY/09 END-AUG/08
(revised)
GROSS FOREIGN DEBT 36,137.5 36,402.4 35,503.1
LONG-TERM DEBT 23,944.8 23,953.8 22,859.7
SHORT-TERM DEBT 12,192.7 12,448.6 12,643.4
PUBLIC DEBT&STATE
GUARANTEED LOANS 4,133.6 4,143.2 4,024.3
PRIVATE FOREIGN DEBT 32,003.9 32,259.2 31,478.8
PUBLIC FOREIGN DEBT 2,764.0 2,775.3 2,730.5
COMMERCIAL BANKS DEBT 7,968.1 8,264.9 8,540.5
PUBLIC AND PRIVATE
CORPORATE DEBT 11,734.9 11,660.7 11,606.9
FDI: INTER-FIRM DEBT 13,670.5 13,701.5 12,625.2
FOREIGN DEBT/PCT OF GDP 107.9 108.7 104.1
DEBT SERVICE/PCT OF GDP 12.8 11.5 13.8
SHORT-TERM/TOTAL DEBT (PCT) 33.7 34.2 35.6
---------------------------------------------------------------
BALANCE OF PAYMENTS
(in million euros)
SEPT/09 JAN-SEPT/09 JAN-SEPT/08
CURRENT ACCOUNT 24.3 -2,114.2 -5,658.6
TRADE BALANCE -259.0 -3,229.6 -6,256.5
exports, FOB 1,048.1 8,469.7 11,904.4
imports, FOB -1,307.1 -11,699.4 -18,160.8
SERVICES, net 247.0 1,367.2 958.6
INCOME, net -14.1 -665.6 -898.2
TRANSFERS, net change 50.4 413.8 537.5
FINANCIAL ACCOUNT* 227.2 1,121.5 10,032.9
FOREIGN DIRECT INVESTMENT 84.1 2,112.1 5,075.9
COUNTRY'S ASSETS INVESTED
ABROAD, net chng** 139.6 -18.5 588.5
BNB FOREX RESERVES, net** -99.4 1,068.1 -2,720.1
OVERALL BALANCE 99.4 -1,068.1 2,720.1
C/A DEFICIT AS PCT/GDP n.a 6.3 16.6
NOTES:(*) The financial account includes direct and portfolio
investment flows plus foreign loans to government structures and
the private sector less balance of payments support, which is
part of foreign exchange reserves. (**) A minus sign in the
entry denotes an increase, while a plus sign denotes a
decrease.
---------------------------------------------------------------
CURRENCY BOARD FIXED EXCHANGE RATE
1.95583 levs per euro from July 5, 1999 CENTRAL BANK DAILY
LEV/DOLLAR REFERENCE EXCHANGE RATES USED FOR STATISTICAL AND
ACCOUNTING PURPOSES
---------------------------------------------------------------
* The Finance ministry has made the following forecasts for
major economic indicators for 2009. The projections are subject
to revision. 2008 and 2007 indicators had been announced by the
statistics office, the central bank and the finance ministry:
2009 2008 2007
Budget balance, (pct/GDP) 0.0 +3.0 +3.7
GDP real growth, pct -6.3 +6.0 +6.2
GDP bln levs 63.110 66.739 56.520
EU HARMONISED CPI (end-year) +1.8 +7.2 +11.6
EU HARMONISED CPI (average) +2.3 +11.9 +7.6
Current account deficit (pct/GDP) 11.0 25.3 25.1
FDI (bln euro) 3.0 6.16 8.49
---------------------------------------------------------------
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Reuter Terminal, use the mouse to click on the codes in
brackets.
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FX Morning update - Sterling stabilises as dollar firms slightly in Asia
(
ShareCast)
Thursday November 19, 07:03 AM
Sterling has managed to stabilise slightly in Asia against a basket of currencies after yesterday's MPC minutes inspired declines. The Sterling index fell from 81.41 to 80.77 yesterday and even though it has slipped a little lower today it has started to pull back slightly.
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FX round-up: Dollar falls on interest rate concern
(
ShareCast)
Thursday November 19, 06:58 AM
The dollar tried to make headway on Wednesday but by midday the US currency came under pressure following comments from St. Louis Fed President James Bullard that US interest rates are expected to remain low for some time.
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African Markets - Factors to watch on Nov 19
(
AFP
)
Thursday November 19, 06:33 AM
Nov 19 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.
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UPDATE 1-Canada to host G7 finance officials in Arctic
(
AFP
)
Wednesday November 18, 07:57 PM
OTTAWA, Nov 18 (Reuters) - Top finance officials from the G7 countries will meet in the remote Arctic town of Iqaluit on Feb 5-6 but may not issue a communique, Finance Minister Jim Flaherty said on Wednesday.
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FX afternoon update - Sterling slides on MPC minutes uncertainty
(
ShareCast)
Wednesday November 18, 04:08 PM
This mornings Bank of England minutes confirmed what many people suspected with respect to the additional £25bn stimulus. The 3 way split over the next course of action has undermined sterling, and thrown it into full reverse against a basket of currencies.
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FX morning update - Dollar slips back while Sterling awaits MPC minutes
(
ShareCast)
Wednesday November 18, 03:58 PM
Yesterday's short covering rally in the dollar index hasn't changed the overall dollar down trend in the near term. The reaction off the 74.68 US dollar index lows hit a high of 75.62 yesterday before slipping back.
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Oil's Fading Response to USD Weakness
(
ShareCast)
Wednesday November 18, 12:57 PM
The fact that Asian & European markets moved lower despite Monday's 1.4% gains in NY, further highlights the unsustainability of the gains in the US indices, which are increasingly dollar-driven(caused by prolonged USD weakness resulting from official's failed attempts to support it) instead of improved economic figures. US Oct Industrial production slowed to a 4-month low of 0.1% from a revised +0.6%, while capacity utilization rose to 70.7 from 70.5. Aside from USD weakness, we have yet to see any fundamental dynamic that justifies US indices higher (auto-driven increase in retail sales was not one of them)
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BoE's Barker sees no turn in unemployment soon
(
AFP
)
Wednesday November 18, 12:41 PM
LONDON, Nov 18 (Reuters) - Britain's recession will not really have ended until unemployment starts to fall, which is unlikely to be soon, Bank of England policymaker Kate Barker said in an intervew published on Wednesday.
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FX round-up: Dollar dusts off 15-month low
(
ShareCast)
Wednesday November 18, 06:57 AM
The weak dollar picked up slightly on Tuesday, dusting off 15-month lows early on after weaker than expected US economic data sparked fears about the strength of the economic recovery.
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FX afternoon update - Sterling gains on inflation data as US dollar rebounds from Bernanke lows
(
ShareCast)
Tuesday November 17, 04:19 PM
Today's UK retail inflation figures have boosted sterling after they showed a 0.3% rise, higher than expected.
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FX Morning update - US dollar off its lows in Asia session, after another new low
(
ShareCast)
Tuesday November 17, 07:13 AM
Last nights strong gains on Wall Street, as well as comments by Bernanke, further undermined the dollar as he indicated that rates may stay lower for a longer period than initially indicated.
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