Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re - Voteforduane.org

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re - Voteforduane.org

The euro fell for the first time in three days against the dollar on concern the currency region will struggle to contain its sovereign-debt crisis.

The currency slid versus most of its major counterparts after Greece’s Prime Minister George Papandreou said last week in Athens that he will press ahead with additional austerity measures after failing to win backing from opposition parties. New Zealand’s dollar dropped after surging today to its highest level since exchange-rate controls ended in 1985 as the nation’s trade surplus widened to a record in April.

“Until we get resolution, some clarity on what’s going on, the market is not going to have the confidence to take the euro higher,” said David Watt, senior currency strategist at Royal Bank of Canada’s RBC Capital Markets unit in Toronto.

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re - Saeo.net

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re - Saeo.net

The euro fell for the first time in three days against the dollar on concern the currency region will struggle to contain its sovereign-debt crisis.

The currency slid versus most of its major counterparts after Greece’s Prime Minister George Papandreou said last week in Athens that he will press ahead with additional austerity measures after failing to win backing from opposition parties. New Zealand’s dollar dropped after surging today to its highest level since exchange-rate controls ended in 1985 as the nation’s trade surplus widened to a record in April.

“Until we get resolution, some clarity on what’s going on, the market is not going to have the confidence to take the euro higher,” said David Watt, senior currency strategist at Royal Bank of Canada’s RBC Capital Markets unit in Toronto.

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis - Saeo.net

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis - Saeo.net

The injection of more money should increase the UK’s protection from the threat Europe’s debt crisis poses on the UK’s economy.

Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed.

US manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.

The factory production data indicate some resilience in the industry as European leaders work to flesh out their plan to end the debt turmoil that’s threatening to drag the region back into recession.

Commerce Minister Chen Deming saidyesterday January exports “cannot make us optimistic” and theInternational Monetary Fund warned this week a deterioration inEurope could cut China’s expansion rate almost in half this year.

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis - Voteforduane.org

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis - Voteforduane.org

The injection of more money should increase the UK’s protection from the threat Europe’s debt crisis poses on the UK’s economy.

Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed.

US manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.

The factory production data indicate some resilience in the industry as European leaders work to flesh out their plan to end the debt turmoil that’s threatening to drag the region back into recession.

Commerce Minister Chen Deming saidyesterday January exports “cannot make us optimistic” and theInternational Monetary Fund warned this week a deterioration inEurope could cut China’s expansion rate almost in half this year.

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis

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The injection of more money should increase the UK’s protection from the threat Europe’s debt crisis poses on the UK’s economy.

Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed.

US manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.

The factory production data indicate some resilience in the industry as European leaders work to flesh out their plan to end the debt turmoil that’s threatening to drag the region back into recession.

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis

The injection of more money should increase the UK’s protection from the threat Europe’s debt crisis poses on the UK’s economy.

Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed.

US manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.

The factory production data indicate some resilience in the industry as European leaders work to flesh out their plan to end the debt turmoil that’s threatening to drag the region back into recession.

Commerce Minister Chen Deming saidyesterday January exports “cannot make us optimistic” and theInternational Monetary Fund warned this week a deterioration inEurope could cut China’s expansion rate almost in half this year.

“Everyone’s taking comfort from stronger exports to the Far East, but we’re going to see a much weaker first quarter in China,” said Chris Scicluna, head of economic research at Daiwa Capital Markets Europe in London.

“It’s a mixed picture. The general trend in the US is one of healing, but it’s hardly apicture of dynamism, and we’re looking at contraction in Europe.”.

Asian Rebound
A manufacturing purchasing managers’ index for India released by HSBC Holdings Plc and Markit Economics today rose to the highest level in six months in December.

Hypo Venture Capital Headlines Global Manufacturing Displays Resilience To Europes Debt Crisis

http://www.bigboardnews.com/2012/02/11/hypo-venture-capital-headlines-global-manufacturing-displays-resilience-to-europes-debt-crisis/

The injection of more money should increase the UK’s protection from the threat Europe’s debt crisis poses on the UK’s economy.

Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed.

US manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.

The factory production data indicate some resilience in the industry as European leaders work to flesh out their plan to end the debt turmoil that’s threatening to drag the region back into recession.

Commerce Minister Chen Deming saidyesterday January exports “cannot make us optimistic” and theInternational Monetary Fund warned this week a deterioration inEurope could cut China’s expansion rate almost in half this year.

“Everyone’s taking comfort from stronger exports to the Far East, but we’re going to see a much weaker first quarter in China,” said Chris Scicluna, head of economic research at Daiwa Capital Markets Europe in London.

“It’s a mixed picture. The general trend in the US is one of healing, but it’s hardly a picture of dynamism, and we’re looking at contraction in Europe.”.

Asian Rebound
A manufacturing purchasing managers’ index for India released by HSBC Holdings Plc and Markit Economics today rose to the highest level in six months in December.

In China, manufacturing rebounded last month from a contraction in November, while Australian factory production (AIGPMI) expanded for the first time since June, driven by gains in basic metals, transport and publishing.

The fourth- quarter average of $46.2 billion was larger than the $45.7 billion in the previous three months, confirming that trade subtracted from growth over the period.

In Europe, a gauge of Swiss manufacturing rose to 50.7 in December from 44.8 in November when adjusted for seasonal swings, Credit Suisse Group AG in Zurich said in an e mailed statement today.

Index (PMITMUK) rose to 49.6 from a revised 47.7 and a measure of new export orders increased for the first time in five months, led by demand from customers inGermany, Eastern Europe and China.

Reading offers “glimmers of hope,” David Tinsley, an economist at BNP Paribas SA in London, said in an e- mailed statement.

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re

The euro fell for the first time in three days against the dollar on concern the currency region will struggle to contain its sovereign-debt crisis.

The currency slid versus most of its major counterparts after Greece’s Prime Minister George Papandreou said last week in Athens that he will press ahead with additional austerity measures after failing to win backing from opposition parties. New Zealand’s dollar dropped after surging today to its highest level since exchange-rate controls ended in 1985 as the nation’s trade surplus widened to a record in April.

“Until we get resolution, some clarity on what’s going on, the market is not going to have the confidence to take the euro higher,” said David Watt, senior currency strategist at Royal Bank of Canada’s RBC Capital Markets unit in Toronto.

Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi Touches Re

http://www.release-news.com/business/262818-hypo-venture-capital-headlineseuro-weakens-versus-dollar-on-sovereign-debt-concern-kiwi-touches-re.html

The euro fell for the first time in three days against the dollar on concern the currency region will struggle to contain its sovereign-debt crisis.

The currency slid versus most of its major counterparts after Greece’s Prime Minister George Papandreou said last week in Athens that he will press ahead with additional austerity measures after failing to win backing from opposition parties. New Zealand’s dollar dropped after surging today to its highest level since exchange-rate controls ended in 1985 as the nation’s trade surplus widened to a record in April.

“Until we get resolution, some clarity on what’s going on, the market is not going to have the confidence to take the euro higher,” said David Watt, senior currency strategist at Royal Bank of Canada’s RBC Capital Markets unit in Toronto.

The euro depreciated 0.3 percent to $1.4282 at 5:06 p.m. in New York, from $1.4319 on May 27. The shared currency traded at 115.60 yen, compared with 115.67. The dollar was at 80.94 yen, compared with 80.80, after touching 80.70 on May 27, the lowest level since May 16. The pound fell 0.2 percent to $1.6475.