EU Debt Crisis - Moody's Warns It May Downgrade Ireland Again - CNBC
Moody's warned on Tuesday that it may cut Ireland's credit rating again, pointing to the huge bill for cleaning up its banks announced last week, a weak economic recovery and rising borrowing costs.
As well as the bank bill, Moody's said poor recent data shoed a cloudy outlook for the recovery of domestic demand and pointed to the sharp rise in Irish bond yields since its last rating action in July.
"Ireland's ability to preserve government financial strength faces increased uncertainty as a result of (these) three main drivers, which together would further increase its debt and aggravate its debt affordability," Dietmar Hornung, Moody's lead sovereign analyst for Ireland, said in a statement. ...
Tuesday, October 5, 2010
Eurozone retail sales unexpectedly fall in August - CNBC
Eurozone retail sales unexpectedly fall in August - CNBC
LONDON - Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign that consumer confidence remains fragile despite a stronger than anticipated economic recovery.
Eurostat, the EU's statistics office, said eurozone retail sales dropped by 0.4 percent in August from the previous month, in contrast to market expectations for a 0.2 percent increase. August's decline was the first since April, though the monthly increases since then have been small. ...
LONDON - Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign that consumer confidence remains fragile despite a stronger than anticipated economic recovery.
Eurostat, the EU's statistics office, said eurozone retail sales dropped by 0.4 percent in August from the previous month, in contrast to market expectations for a 0.2 percent increase. August's decline was the first since April, though the monthly increases since then have been small. ...
Monday, October 4, 2010
Moody’s in thumbs-up to Europe’s corporates
Moody’s in thumbs-up to Europe’s corporates
By Anousha Sakoui
Published: October 4 2010 19:56 | Last updated: October 4 2010 19:56
European companies’ financial resources have returned to pre-financial crisis levels, as bond markets across the continent continue to set records.
According to analysts at Moody’s, the rating agency, the majority of European corporates have solid liquidity although a minority are presenting weaknesses.
With strong bond markets and “reasonable availability” of bank financing, the analysts did not expect liquidity to deteriorate in the near term. “The non-financial corporate sector has rarely, if ever, been in such good shape to take advantage of investors’ hunt for yield,” said Suki Mann, credit strategist. ...
Moody’s in thumbs-up to Europe’s corporates
By Anousha Sakoui
Published: October 4 2010 19:56 | Last updated: October 4 2010 19:56
European companies’ financial resources have returned to pre-financial crisis levels, as bond markets across the continent continue to set records.
According to analysts at Moody’s, the rating agency, the majority of European corporates have solid liquidity although a minority are presenting weaknesses.
With strong bond markets and “reasonable availability” of bank financing, the analysts did not expect liquidity to deteriorate in the near term. “The non-financial corporate sector has rarely, if ever, been in such good shape to take advantage of investors’ hunt for yield,” said Suki Mann, credit strategist. ...
Moody’s in thumbs-up to Europe’s corporates
Growth Fears Hit European Markets
Growth Fears Hit European Markets http://on.wsj.com/bruhOd
By MICHELE MAATOUK
European stocks and the euro fell Monday, with worries over the economic growth prospects for the region heavy on investors minds.
The Stoxx Europe 600 Index was 0.5% lower at 258.29. London's FTSE 100 Index lost 0.3% to 5578.62, Frankfurt's DAX was 0.9% lower at 6159.29, and Paris's CAC-40 fell 0.9% to 3661.03. ...
By MICHELE MAATOUK
European stocks and the euro fell Monday, with worries over the economic growth prospects for the region heavy on investors minds.
The Stoxx Europe 600 Index was 0.5% lower at 258.29. London's FTSE 100 Index lost 0.3% to 5578.62, Frankfurt's DAX was 0.9% lower at 6159.29, and Paris's CAC-40 fell 0.9% to 3661.03. ...
Saturday, October 2, 2010
Frankfurt’s Office Market Releases the Handbrake
Frankfurt’s Office Market Releases the Handbrake
1 Oct, 2010, Frankfurt
• The rental space for Frankfurt’s office market was 162,000 m2 for the 3rd quarter
• Recovery in all size segments
• Prime rent unchanged
• All signs point to annual sales above 500,000 m2
http://www.cushwake.com/
1 Oct, 2010, Frankfurt
• The rental space for Frankfurt’s office market was 162,000 m2 for the 3rd quarter
• Recovery in all size segments
• Prime rent unchanged
• All signs point to annual sales above 500,000 m2
http://www.cushwake.com/
Tuesday, September 28, 2010
Helaba presents a study on the Frankfurt office market: Commercial real estate financing in Germany emerging from the crisis
Press Releases | Sep 27, 2010
Helaba presents a study on the Frankfurt office market: Commercial real estate financing in Germany emerging from the crisis
In advance of the ExpoReal in Munich, Helaba Landesbank Hessen-Thueringen has presented its study “Frankfurt office market: Quality counts”. In focus are the prospects for the office market in Frankfurt and the Rhine-Main economic region. Johann Berger, Vice Chairman of the Board of Managing Directors and responsible for real estate, also took the opportunity to comment on the outlook for commercial real estate financing in Germany. Whilst he sees no danger of an imminent credit crunch, at the same time risks for the supply of loans cannot be ruled out:
https://www.helaba.com/en/Presse/PresseInformationen/2010/20100927-Immobilienstudie.html
Helaba presents a study on the Frankfurt office market: Commercial real estate financing in Germany emerging from the crisis
In advance of the ExpoReal in Munich, Helaba Landesbank Hessen-Thueringen has presented its study “Frankfurt office market: Quality counts”. In focus are the prospects for the office market in Frankfurt and the Rhine-Main economic region. Johann Berger, Vice Chairman of the Board of Managing Directors and responsible for real estate, also took the opportunity to comment on the outlook for commercial real estate financing in Germany. Whilst he sees no danger of an imminent credit crunch, at the same time risks for the supply of loans cannot be ruled out:
https://www.helaba.com/en/Presse/PresseInformationen/2010/20100927-Immobilienstudie.html
Saturday, September 18, 2010
NYTimes: Hedge Funds
Hedge Funds
Updated: Sept. 17, 2010
Hedge funds have become a force in the financial markets, controlling trillions of dollars of assets. Even the largest of hedge funds are little known by the public, but what happens at hedge funds matters to just about every American.
Updated: Sept. 17, 2010
Hedge funds have become a force in the financial markets, controlling trillions of dollars of assets. Even the largest of hedge funds are little known by the public, but what happens at hedge funds matters to just about every American.
Thursday, September 16, 2010
Europe's High-Yield Bond Markets: Poised For Record-Breaking Issuance In 2010
Europe's High-Yield Bond Markets: Poised For Record-Breaking Issuance In 2010
Sep 16, 2010 | 00:06:02 min
In this CreditMatters TV segment, Taron Wade, Standard & Poor's senior research analyst in Corporate Ratings, discusses our outlook for record-breaking issuance in Europe's high-yield bond markets for 2010. Other topics include what to expect in the fourth quarter, sector trends, and credit quality performance in Europe.
Sep 16, 2010 | 00:06:02 min
In this CreditMatters TV segment, Taron Wade, Standard & Poor's senior research analyst in Corporate Ratings, discusses our outlook for record-breaking issuance in Europe's high-yield bond markets for 2010. Other topics include what to expect in the fourth quarter, sector trends, and credit quality performance in Europe.
Tuesday, September 14, 2010
WORLD'S 50 BIGGEST BANKS 2010
Global Finance ranks the 50 Biggest Banks
Top 10 see $3.2 trillion drop in assets
NEW YORK, September 13, 2010 — Global Finance reveals its annual ranking of the World’s 50 Biggest Banks, as measured by total assets. The list will be published in the October issue of Global Finance Magazine.
The world’s biggest banks are beginning, once again, to enjoy calmer times. But while the people running the banks may be heaving a huge sigh of relief, some serious damage has been done. All but a handful of the banks at the top of the Global Finance World’s Biggest Banks list have seen their assets fall over the past year. The top 10 banks have seen $3.2 trillion hacked off their combined balance sheet, giving an idea of the severity of the carnage at the top of the table. It appears the spoils are accruing to the upstarts, though, as the total assets of the top 50 as a whole barely budged at $61.8 trillion.
Top 10 see $3.2 trillion drop in assets
NEW YORK, September 13, 2010 — Global Finance reveals its annual ranking of the World’s 50 Biggest Banks, as measured by total assets. The list will be published in the October issue of Global Finance Magazine.
The world’s biggest banks are beginning, once again, to enjoy calmer times. But while the people running the banks may be heaving a huge sigh of relief, some serious damage has been done. All but a handful of the banks at the top of the Global Finance World’s Biggest Banks list have seen their assets fall over the past year. The top 10 banks have seen $3.2 trillion hacked off their combined balance sheet, giving an idea of the severity of the carnage at the top of the table. It appears the spoils are accruing to the upstarts, though, as the total assets of the top 50 as a whole barely budged at $61.8 trillion.
Monday, September 13, 2010
Interim forecast September 2010 for the EU economy
Interim forecast September 2010
Interim forecast full document
The Commission published its latest interim economic forecast on 13 September 2010. The underlying message of this update of GDP and inflation variables is that the EU economy, while still fragile, is recovering at a faster pace than previously envisaged. The updated projections include France, Germany, Italy, the Netherlands, Poland, Spain and the United Kingdom. The seven countries concerned represent 79% of EU and almost 83% of euro area GDP.
Improved prospects for the EU economy
Based on an update of the outlook for the seven largest Member States, GDP is now expected to expand by 0.5% in the EU and euro area in the third quarter and by 0.4% and 0.3% respectively in the fourth. This represents a slight upward revision compared to the the spring forecast, mainly on account of spill-over of the momentum from the second quarter.
Growth forecast for the EU economy revised up
For 2010 as a whole, GDP growth is now forecast at 1.8% in the EU and 1.7% in the euro area. This represents a sizeable upward revision compared to the spring forecast (1.0% for the EU and 0.9% for the euro area)
Inflation in the EU to remain moderate
Looking ahead, the headline inflation rate for 2010 is expected to hold at 1.8% in the EU, while in the euro area it is marginally revised down to 1.4% (-0.1 pp. compared to the spring forecast).
High uncertainty, but broadly balanced risks
Uncertainty at the current juncture is high, with non-negligible risks to the EU growth outlook. On the upside, the impetus from the export-led industrial rebound to private consumption could prove stronger than assumed in the baseline, as was the case in the first half of the year. On the downside, softening global demand in the second part of 2010 - beyond that allowed for in the baseline - could pose a risk for EU export growth.
The Commission usually publishes economic forecasts four times a year - comprehensive spring and autumn forecasts and smaller interim forecasts in February and September. The Commission's interim forecast is based on updated projections for France, Germany, Italy, the Netherlands, Poland, Spain and the UK.
The next fully fledged forecast is due end November 2010.
Interim forecast full document
Interim forecast full document
The Commission published its latest interim economic forecast on 13 September 2010. The underlying message of this update of GDP and inflation variables is that the EU economy, while still fragile, is recovering at a faster pace than previously envisaged. The updated projections include France, Germany, Italy, the Netherlands, Poland, Spain and the United Kingdom. The seven countries concerned represent 79% of EU and almost 83% of euro area GDP.
Improved prospects for the EU economy
Based on an update of the outlook for the seven largest Member States, GDP is now expected to expand by 0.5% in the EU and euro area in the third quarter and by 0.4% and 0.3% respectively in the fourth. This represents a slight upward revision compared to the the spring forecast, mainly on account of spill-over of the momentum from the second quarter.
Growth forecast for the EU economy revised up
For 2010 as a whole, GDP growth is now forecast at 1.8% in the EU and 1.7% in the euro area. This represents a sizeable upward revision compared to the spring forecast (1.0% for the EU and 0.9% for the euro area)
Inflation in the EU to remain moderate
Looking ahead, the headline inflation rate for 2010 is expected to hold at 1.8% in the EU, while in the euro area it is marginally revised down to 1.4% (-0.1 pp. compared to the spring forecast).
High uncertainty, but broadly balanced risks
Uncertainty at the current juncture is high, with non-negligible risks to the EU growth outlook. On the upside, the impetus from the export-led industrial rebound to private consumption could prove stronger than assumed in the baseline, as was the case in the first half of the year. On the downside, softening global demand in the second part of 2010 - beyond that allowed for in the baseline - could pose a risk for EU export growth.
The Commission usually publishes economic forecasts four times a year - comprehensive spring and autumn forecasts and smaller interim forecasts in February and September. The Commission's interim forecast is based on updated projections for France, Germany, Italy, the Netherlands, Poland, Spain and the UK.
The next fully fledged forecast is due end November 2010.
Interim forecast full document
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