| German gov t to save 3.5 bln euros on health-source (at Reuters) German Chancellor Angela Merkel s centre-right coalition agreed on Tuesday to healthcare savings worth 3.5 billion euros a year to help tackle a shortfall seen reaching 11 billion euros next year, a coalition source said. us.rd.yahoo.com |
Spain Sells 6 Billion Euros of Treasury Bills, U.K. Data Continues to Disappoints (DailyFX) Spain sold 4.25 billion euros of 12 month bills at a yield of 2.22 percent, and went onto sell 1.72 billion euros of 18 month bills at 2.33 percent. In turn, this lead Spanish 10 year bonds to fall 3 basis points to 4.37 percent. finance.yahoo.com |
NZ dollar recovers from break below US70c The New Zealand dollar recovered a tumble to a seven-week low against the greenback as equity markets firmed today.The NZ dollar was at US70.29c at 5pm from US69.86c at 8am and US70.15c at 5pm yesterday.The rise came as Asian... nzherald.co.nz |
NZD/USD May Present Scalping Opportunity Ahead of RBNZ Rate Decision. [DailyFX] - The NZD/USD was sunk in early trading by a unexpected decline in retail sales which added to the case for an RBNZ rate hold as tomorrow’s policy meeting. However, a broad based ant-dollar rally sent the pair soaring erasing earlier losses and threatening resistance level. finance.yahoo.com |
Rule predicts German need for monetary policy support Even Germany needs more monetary policy support - let alone the eurozone's periphery - in spite of the hawkish views of the Bundesbank's European Central Bank representative Axel Weber, argues Jennifer McKeown, senior European economist at Capital Economics. us.rd.yahoo.com |