eurozone

Indian , European and American Stock Market Benchmark Indices Performance as on 7th January 2015

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National Stock Exchange Index Nifty Performance as on 7th January 2014
National Stock Exchange Index Nifty Performance as on 7th January 2014
American Stock Market Indexes Performance as on 7th January 2014
American Stock Market Indexes Performance as on 7th January 2014
European Stock Market Indexes Performance as on 7th January 2014
European Stock Market Indexes Performance as on 7th January 2014

#Indian #European and #AmericanStockMarket #BenchmarkIndices Performance as on 7th January 2015.

#IndiaStockMarket #NSE #NationalStockExchange #Nifty #NiftyListedStocks #EuropeanFinancialMarket #London #FTSE100Index #Germany #DAX30 #France #CAC40 #EuroZone #Stoxx50 #Spain #Ibex35 #Europe
#IndiaInvest #EuropeFinance #NasdaqComposite #DJIA #DowJonesIndustrialAverage #SP500 #UnitedStatesEquityMarket #Investing #JhunjhunwalasFinance

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European Financial Market Benchmark Indexes FTSE100, CAC40, DAX30, and IBEX35 Performance for 2014

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CAC40 Benchmark Index of Euronext Performance for 2014
CAC40 Benchmark Index of Euronext Performance for 2014
Germany Stock Market Benchmark Index DAX30 Performance for 2014
Germany Stock Market Benchmark Index DAX30 Performance for 2014
FTSE100 Benchmark Index of London Stock Exchange Performance for 2014
FTSE100 Benchmark Index of London Stock Exchange Performance for 2014
Spain Stock Market Benchmark Index IBEX35 Performance for 2014
Spain Stock Market Benchmark Index IBEX35 Performance for 2014

#EuropeanFinancialMarket #Indexes #FTSE100, #CAC40, #DAX30, and #IBEX35 Performance for 2014.

DAX30 – Benchmark Index of #Germany #FrankfurtStockExchange .
CAC40 – Benchmark Index of #France #ParisBourse #Euronext .
FTSE100 – Benchmark Index of #UnitedKingdom #LondonStockExchange .
IBEX35 – Benchmark Index of #Spain #MadridStockExchange.

#EuropeanStocks #EuropeInvest #Finance #Europe #BolsadeMadrid #Investing #FinancialCapital #EuroZone #EuropeanEquityMarket #EuropeStockIndexUpdate

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Gross Domestic Product Of Germany and France for Third Quarter of 2014

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Gross Domestic Product of France for 3rd Quarter of 2014
Gross Domestic Product of France for 3rd Quarter of 2014

 

Gross Domestic Product of Germany for 3rd Quarter of 2014
Gross Domestic Product of Germany for 3rd Quarter of 2014


#GrossDomesticProduct #GDP Of #Germany and #France for Third Quarter of 2014.

‪‪GDP‬ ‬ of ‪‎Germany‬ for 3rd Quarter of 2014 grew by +0.10% compared to 2nd Quarter of 2014 and fell from 1.40% to1.20% YoY.
GDP of France for 3rd Quarter of 2014 grew by +0.30% compared to 2nd Quarter of 2014 and fell from 0.80% to 0.40% YoY.

‪#‎DAX30‬ = Benchmark Index of ‪#‎GermanyStockExchange‬ Performance as on 14th November 2014
#CAC40 Benchmark Index of #FranceStockExchange Performance as on 14th November 2014

YoY – Year on Year.
#FrenchEconomy #Eurozone #EconomyGrowth ‪#‎GermanEconomy‬ ‪#‎EconomicNews‬ ‪#‎GermanyEconomicData‬ ‪#‎Europe‬ ‪#‎EconomicGrowth‬ ‪‪#‎FrankfurtStockExchange‬ ‪#‎Euronext‬ ‪#GermanEconomicIndicators #FranceEconomicIndicators ‬ #‎Europe‬ ‪ #EuropeEconomicIndicators

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ECB European Central Bank to keep rates low for extended time and may cut

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The European Central Bank (ECB) said it will maintain an easy monetary policy stance for “as long as necessary” to boost economic growth and that it may even cut rates further.
The ECB, which earlier today held its benchmark refinancing rate steady at 0.5 percent, said the risks surrounding its economic outlook remain on the downside and the recent rise in global bond yields “may have the potential to negatively affect economic conditions.”
Low interest rates will help “provide support to a recovery in economic activity later in the year and in 2014,” ECB President Mario Draghi told a news conference, adding:
“The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time,” signaling that the central bank may cut rates if growth fails to improve.
Draghi’s admission that the recent rise in long-term interest rates may be harmful to growth in the 17 nations that share the euro follows a similar concern expressed by the Bank of England earlier today.
In addition to the “recent tightening in global money and financial market conditions and related uncertainties,” Draghi said other downside risks to growth include weaker-than-expected domestic and global demand and slow or insufficient structural reforms in the euro area.

Long-term interest rates have risen worldwide in recent weeks following the Federal Reserve’s decision on June 19 to start winding up its asset purchase program later this year as long as the economy continues to recover.
But while the U.S. economy is growing, the euro zone remains mired in recession and Draghi is clearly worried that budding signs of improvement could be snuffed out by higher market rates. The ECB cut rates by 25 basis points in May to boost economic activity.
In the first quarter of this year, the euro zone’s Gross Domestic Product contracted by 0.3 percent from the previous quarter – it’s sixth quarterly contraction in a row. On an annual basis, the economy shrank by 1.1 percent, up from a 1.0 percent contraction in the fourth quarter.
Draghi said recent data had shown some improvement and exports should benefit from a gradual recovery in global demand later in the year and next year, with domestic demand supported by the ECB’s accommodative policy as recent gains in real income due to the fall in inflation.
“Overall, euro area economic activity should stabilise and recover in the course of the year, albeit at a subdued pace,” Draghi said, repeating his outlook from June when the ECB cut its growth forecast.
This year the ECB expects the euro zone economy to shrink by 0.6 percent, an improvement from 2012’s decline of 1.5 percent.
Inflation in the euro area rose to 1.6 percent in June, the third monthly rise since falling to a low of 1.2 percent in April. The ECB targets inflation of below but close to 2.0 percent.
The ECB expects inflation to remain subdued over the medium term, supporting the bank’s expectation to keep policy rates low along with weak economic growth.
“The risks to the outlook for price developments are expected to be still broadly balanced over the medium term, with upside risks relating to stronger than expected increases in administered prices and indirect taxes, as well as higher commodity prices, and downside risks stemming from weaker than expected economic activity,” Draghi said

for more details log on to European Central Bank website : http://www.ecb.int/home/html/index.en.html

Global Central Bank Monetary Policy in Review for week ended 27th April 2013

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Monetary Policy Week in Review – Apr 27, 2013: One central bank cuts, pressure grows on Europe’s politicians – Central Bank News.

Last week nine central banks took policy decisions, with Hungary continuing its rate-cutting spree and the other eight banks (Namibia, New Zealand, Philippines, Fiji, Japan, Mexico, Colombia and Trinidad & Tobago) keeping rates unchanged as pressure mounted on euro zone policy makers to get serious about reforms and speed up growth.
    A quiet exasperation over the lack of action by Europe’s policy makers turned into more forceful criticism during the annual meeting of the International Monetary Fund in Washington D.C. with signs that the dogged belief in austerity as a growth strategy is starting to break down.
    The other theme dominating central banking last week was the continuing fallout from Japan’s aggressive policy easing, which has lead to a weaker yen and upward pressure on other currencies as some of the Bank of Japan’s money looks for higher yield outside the country.
    The Bank of Korea’s governor expressed his concern over the impact of the weaker yen on the competitiveness of his country’s industry; the Bank of Thailand is considering how to reduce the upward pressure on the bath; the Reserve Bank of New Zealand said upward pressure on the overvalued kiwi dollar was growing and the Bank of Israel said money was flowing into its bonds.
    Last year’s warning by Mervyn King, the outgoing governor of the Bank of England, that 2013 could feature “actively managed exchange rates as an alternative to the use of domestic monetary policy” was prescient and slightly ominous.

    Through the first 17 weeks of this year, the overwhelming majority of the world’s central banks have kept their rates on hold: 78 percent of the 156 policy decisions taken so far by the 90 central banks followed by Central Bank News have lead to unchanged rates, slightly up from 77 percent after 16 weeks.
    Globally, 19 percent of policy decisions this year have lead to rate cuts – largely by central banks in emerging economies – unchanged from last week.
    Rate rises are still rare – there have only been six so far this year – but this number is likely to rise in the second half of the year as global growth slowly strengthens and inflationary pressures rise, especially in Southeast Asia.

    The only real sinkhole in global growth remains Europe and policy makers from around the world appear to be losing their patience with the euro zone’s lack of progress in solving its problems. 
    Through the barrage of statements and communiqués from the IMF and G20 meetings, it is clear that global policy makers have decided that Europe’s experiment with harsh austerity has gone far enough. Recession, popular dissatisfaction and growing unemployment bear witness to the strategy’s failure.
    There was a remarkable confluence of criticism of austerity last week: The validity of the academic work used to underpin pro-austerity policies was questioned; the IMF stressed that fiscal tightening should only occur at a pace that economic recovery can handle – underlining the shift away from its traditional position as an advocate of austerity – while African finance ministers insisted euro zone politicians “work harder and faster” so growth in their own economies isn’t undermined.
    The bottom line is that the fragile global economic recovery may falter without growth in Europe and this year it’s economy is set to contract for the second year in a row.
    And the criticism, all too often shouted through the streets of Athens, Madrid, Rome and Lisbon, is finally being heard by a growing number of top policy makers.
    Christine Lagarde, IMF managing director, talked of  “adjustment fatigue” and growing tensions over the fairness of public policy, while European Commission President Jose Manuel Barroso said the combination of lower spending and higher taxes may have hit the limits of public acceptance and was now contributing to the recession.
    But so far the austerity camp seems unbowed and one its leading proponents, German Chancellor Angela Merkel, even had the audacity to up the ante, saying the European Central Bank would have to raise interest rates if its policy was based purely on German conditions.
    Although Germany is doing better than many of its euro zone brethren, it’s economy is hardly in need of cooling. The German economy shrank by 0.6 percent in the fourth quarter of 2012 from the third quarter and is forecast to grow a mere 0.5 percent in 2013, it’s inflation rate fell to 1.4 percent in March, below the ECB’s target, and the unemployment rate is 5.4 percent.


LAST WEEK’S (WEEK 17) MONETARY POLICY DECISIONS:
COUNTRY MSCI     NEW RATE         OLD RATE        1 YEAR AGO
HUNGARY EM 4.75% 5.00% 7.00%
NAMIBIA 5.50% 5.50% 6.00%
NEW ZEALAND DM 2.50% 2.50% 2.50%
PHILIPPINES EM 3.50% 3.50% 4.00%
FIJI 0.50% 0.50% 0.50%
JAPAN DM 0.00% 0.00% 0.10%
TRINIDAD & TOBAGO 2.75% 2.75% 3.00%
MEXICO EM 4.00% 4.00% 4.50%
COLOMBIA EM 3.25% 3.25% 5.25%
Next week (week 18) features seven central bank policy decisions, including heavyweights the United States, the European Central Bank and India, plus Angola, the Czech Republic, Romania and Uganda.
COUNTRY MSCI              DATE               RATE        1 YEAR AGO
ANGOLA 29-Apr 10.00% 10.25%
UNITED STATES DM 1-May 0.25% 0.25%
EURO AREA DM 2-May 0.75% 1.00%
CZECH REPUBLIC EM 2-May 0.05% 0.75%
ROMANIA FM 2-May 5.25% 5.25%
UGANDA 3-May 12.00% 20.00%
INDIA EM 3-May 7.50% 8.00%