Νέα της στιγμής Δεκεμβριος 2011

S&P economist: Time is running out, action needed on fiscal, monetary side. EU summit made progress on ECB becoming lender of last resort.

Moody's : Citi warns on UK's AAA rating

Moody's Warns of possible impending Downgrades In Europe

ECB says it settled EU635 million of bond purchases last week.

FITCH: sees Eurozone economic growth 0.4% in 2012.

Fitch revises down 2012 UK GDP growth forecast to 0.7%, 2013 to 2%.

FITCH: Summit does little to erase pressure on Eurozone sovereign debt.

Fitch: Comprehensive Solution To Current Euro Zone Crisis Is Not On Offer

Some common ground being found in Greek debt swaps talks, but still some way to go according to government sources involved in talks.

Greek bond swap talks expected to continue tomorrow in Athens according to government sources involved in talks.

UK CPI [NOV MoM] 0.2% AS EXPECTED. YEARLY 4.8% AS EXPECTED.

UK RETAIL PRICE INDEX [NOV MoM] 0.2% AS EXPECTED. YEARLY 5.2% VS. EXPECTED 5.1%

GERMAN ZEW SURVEY [DEC ECONOMIC SENTIMENT] -53.8 VS. EXPECTED -55.8. CURRENT SITUATION 26.8 VS. 31.0 EXPECTED.

ΟΔΔΗΧ: Άντλησε 1,625 δισ. από 6μηνα έντοκα - Στο 4,95% το επιτόκιο (από 4,89%)

EFSF: Άντλησε 1,971 δισ. από 3μηνα έντοκα
Το ποσό των 1,971 δισ. ευρώ άντλησε το EFSF από τη δημοπρασία εντόκων γραμματίων τρίμηνης διάρκειας. Το μέσο επιτόκιο διαμορφώθηκε στο 0,2222%, ενώ η δημοπρασία υπερκαλύφθηκε κατά 3,2 φορές.
πηγή:euro2day.gr

Banking sources are saying that banks are willing to consider Greek debt swap proposal on condition that new bonds have the same credit.

U.S. Advance Retail Sales (NOV) increases 0.2% versus 0.6% expected, previously revised to 0.6% from 0.5%

U.S. Retail Sales Less Autos (NOV) comes in at 0.2% versus 0.4% expected, 0.6% previous.

U.S. Retail Sales Ex Auto & Gas (NOV) rises 0.2% versus 0.4% predicted, 0.7% previous.

Chinese Funds Reluctant To Participate In Haircut, Say Dow Jones Sources - Greece -euro - China

Needed 90% Participation By Private Creditors "Looks Difficult" To Achieve, Sources Tell Dow Jones - Greece - euro

A bit more color regarding the breakup of talks between Greece and private creditors hits the Dow Jones wires. The 90% participation required "looks difficult" to achieve, with Chinese funds reluctant to participate, according to sources The talks are unlikely to be concluded before February, meaning that month's elections may have to be postponed until May. Comment! [Global & FX, Breaking News]

Rumors That Iran Closed The Strait Of Hormuz Have Oil Prices Going Nuts[b]

From Reuters: German Chancellor Angela Merkel rejects upper limits of bailout funding

According to a coalition source, German Chancellor Merkel says ESM not related to increased IMF funding.

German Chancellor Merkel says ESM bailout fund capped at EU 500 billion, official says

German Chancellor Merkel confirms EU summit accord on ESM, official says

Πρώτη κίνηση θωράκισης της Εθνικής


http://www.capital.gr/Articles.asp?id=1354750

Officials say Greek Budget Measures for 2013 and beyond are due in June.

The EU, IMF visit to Greece is expected to end around Dec 16th according to officials. Discussion is on budget reforms.

EU, IMF officials met with Greek officials on budget reforms. EU, IMF mission to Greece to end around December 16 according to an official.

FED HOLDS BENCHMARK RATE AT 0.25%.

FED REPEATS "EXCEPTIONALLY LOW" RATE THROUGH AT LEAST MID 2013.

FED: FINANCIAL STRAINS STILL POSE "SIGNIFICANT DOWNSIDE RISKS".

FED: ECONOMY "EXPANDING MODERATELY" AS GLOBAL GROWTH SLOWS.

EU's Reichenbach, head of EU task force assisting Greece: Greece lacks the capacity to put in place measures to fix economy.

ΜL: Βλέπει μετατροπή των προνομιούχων σε κοινές

Οι ελληνικές τράπεζες δύσκολα θα μπορέσουν να αποπληρώσουν τα κεφάλαια που έχουν λάβει από το δημόσιο, σημειώνει η Merrill Lynch σε έκθεσή της μετά την ανακοίνωση της ΕΤΕ για έκδοση προνομιούχων 1 δισ.

Ο οίκος συνεχίζει να εκτιμά ότι είναι ιδιαίτερα πιθανή η μετατροπή των προνομιούχων μετοχών των τραπεζών σε κοινές, με το κράτος να καθίσταται σημαντικός μέτοχος για τον κλάδο.

Αναφορικά με την ανακοίνωση της Εθνικής Τράπεζας για έκδοση προνομιούχων υπέρ δημοσίου ύψους 1 δισ. ευρώ, η ML σημειώνει ότι με την κίνηση αυτή ο κεφαλαιακός δείκτης core tier I ενισχύεται στο 11,1% από 9,5%.

Ωστόσο, σημειώνει ότι μετά τις απομειώσεις, η ΕΤΕ θα εμφανίζει κεφαλαιακό έλλειμμα 4,6 δισ. ευρώ και ως εκ τούτου, η κίνηση αυτή αν και θετική, είναι ανεπαρκής για την κεφαλαιακή θωράκιση του ομίλου.

5:48 AM Italian 10-year bond yields are creeping back up in the secondary market following another terrible goverment auction. Yields are still -3 bps on the day at 6.657% but had fallen to 6.636%. Comment! [Global & FX, On the Move]

Germany had a much better time of it than Italy in its bond auction, selling €4.18B ($5.45B) in two-year notes for an average yield of 0.29%. The auction was covered 1.4 times. Meanwhile, France has cancelled its its last auction of the year, which was scheduled for Dec. 27.

GERMAN CHANCELLOR MERKEL: ESM ceiling will stay at EU500 Billion

GERMAN CHANCELLOR MERKEL: Euro bonds wouldn't resolve crisis.

GERMAN CHANCELLOR MERKEL: Target is balanced budget in each EU state. "Sustainable" growth will also be EU focus.

Credit Agricole cut to A+ from AA- by Fitch Ratings

Fitch just cut Credit Agricole to A+ with a stable outlook

Η Εθνική Τράπεζα έχει ανακοινώσει εδώ και περίπου ένα χρόνο ότι θα προχωρήσει στη πώληση του 20-25% της Finansbank και σύμφωνα με πηγή που πρόσκειται στη διοίκηση, τα σενάρια που βλέπουν το φως της δημοσιότητας και φέρουν την τράπεζα να εξετάζει την πώληση του 49% των μετοχών της θυγατρικής, διαψεύδονται κατηγορηματικά.

«Η στρατηγική για την Finansbank έχει ανακοινωθεί και δεν έχει αλλάξει στο παραμικρό», αναφέρουν χαρακτηριστικά.
http://www.euro2day.gr/news/enterprises/122/articles/671556/article.aspx

U.S. EMPIRE MANUFACTURING COMES IN AT 9.53, WELL ABOVE 3.0 EXPECTED, PREVIOUS 0.61

U.S. INITIAL JOBLESS CLAIM (DEC 10) DECREASES TO 366K FROM A REVISED 385K PREVIOUS, VS. 390K EXPECTED

U.S. PRODUCER PRICE INDEX (MOM) PRINTS AT 0.3% VERSUS 0.2% EXPECTED, PREVIOUS -0.3%

U.S. CURRENT ACCOUNT DEFICIT FELL TO -$110.3B IN THE THIRD QUARTER VERSUS $108.5B EXPECTED, PREVIOUS DEFICIT REVISED TO $124.7B FROM $118B

U.S. NOVEMBER INDUSTRIAL PRODUCTION FALLS 0.2% VERSUS CONSENSUS ESTIMATE OF 0.1% GAIN, PREVIOUSLY INCREASED 0.7%

U.S. NET LONG-TERM TIC FLOWS (OCT) FELL $4.8 BILLION IN OCTOBER, PREVIOUS READING WAS REVISED TO $68.3B FROM $68.6B

U.S. TOTAL NET TIC FLOWS (OCT) FELL $48.8 BILLION IN OCTOBER, PREVIOUS READING WAS REVISED TO $57.4B FROM $65.0B

U.S. DECEMBER PHILADELPHIA FED FACTORY INDEX PRINTS AT 10.3, DOUBLE 5.0 PREDICTED, PREVIOUS 3.6