EUROPE NEWS|MAY 25, 2011, 1:57 P.M. ET
OECD: Most Central Banks Should Raise Rates
By GABRIELE PARUSSINI And PAUL HANNON
PARIS—Central banks around the world should raise their key interest rates as the economic recovery settles in and inflation rates pick up, the Organization for Economic Cooperation and Development said Wednesday.
Wednesday, May 25, 2011
WSJ: China's Growth Risks
REVIEW & OUTLOOK|MAY 25, 2011
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
Tuesday, May 24, 2011
NYT: In Europe, Rifts Widen Over Greece
In Europe, Rifts Widen Over Greece
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
Monday, May 23, 2011
USAToday: Questions and answers about Europe's debt crisis
Questions and answers about Europe's debt crisis
By Matthew Craft, Associated Press
NEW YORK — In case you were wondering if Europe still matters, take a look at the latest headlines.
By Matthew Craft, Associated Press
NEW YORK — In case you were wondering if Europe still matters, take a look at the latest headlines.
MarketWatch: QE2 was a bust
May 23, 2011, 10:18 a.m. EDT
QE2 was a bust
Economic data is worse than before
By Brett Arends, MarketWatch
BOSTON (MarketWatch) — It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?
QE2 was a bust
Economic data is worse than before
By Brett Arends, MarketWatch
BOSTON (MarketWatch) — It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?
WSJ: Europe Debt Concerns Grow
EUROPE NEWS|MAY 23, 2011, 2:22 P.M. ET
Europe Debt Concerns Grow
Spanish Vote Results, Greek Woes, Ratings Warnings Add to Fears
By JONATHAN HOUSE And DAVID ROMÁN
MADRID—Concerns mounted about Europe's debt problems following a crushing defeat for Spain's ruling party in weekend elections, compounded by infighting in Europe over whether Greek government bonds should be restructured and new warnings from credit-rating agencies.
Europe Debt Concerns Grow
Spanish Vote Results, Greek Woes, Ratings Warnings Add to Fears
By JONATHAN HOUSE And DAVID ROMÁN
MADRID—Concerns mounted about Europe's debt problems following a crushing defeat for Spain's ruling party in weekend elections, compounded by infighting in Europe over whether Greek government bonds should be restructured and new warnings from credit-rating agencies.
Reuters: Euro zone debtors under pressure over new risks
Euro zone debtors under pressure over new risks
(Reuters) - Financial markets piled pressure on heavily indebted euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and ratings agencies stoked new concerns over Italy and Belgium.
(Reuters) - Financial markets piled pressure on heavily indebted euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and ratings agencies stoked new concerns over Italy and Belgium.
Bloomberg: China Manufacturing May Slow on Tightening Steps
Related News: Economy · Asia · China
China Manufacturing May Slow on Tightening Steps
By Bloomberg News - May 23, 2011 1:34 PM GMT+0900
A Chinese manufacturing index fell to its lowest level in 10 months, adding to signs that economic growth is cooling after the government raised interest rates and curbed lending to rein in inflation.
China Manufacturing May Slow on Tightening Steps
By Bloomberg News - May 23, 2011 1:34 PM GMT+0900
A Chinese manufacturing index fell to its lowest level in 10 months, adding to signs that economic growth is cooling after the government raised interest rates and curbed lending to rein in inflation.
WSJ: Euro-Zone Growth Slows to 7-Month Low
EUROPE BUSINESS NEWS|MAY 23, 2011, 4:36 A.M. ET
Euro-Zone Growth Slows to 7-Month Low
By NICHOLAS WINNING
LONDON—Growth in the euro zone's private sector eased more than expected to its weakest pace in seven months in May, led by a sharp slowdown in manufacturing, the preliminary results of a survey by financial-information firm Markit showed Monday.
Euro-Zone Growth Slows to 7-Month Low
By NICHOLAS WINNING
LONDON—Growth in the euro zone's private sector eased more than expected to its weakest pace in seven months in May, led by a sharp slowdown in manufacturing, the preliminary results of a survey by financial-information firm Markit showed Monday.
Bloomberg: Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
Related News: Economy · Asia · Europe · Japan · U.K. & Ireland · U.S. · Currencies · Funds · Insurance · Middle East · France · Canada
Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900
The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.
Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900
The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.
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