1. Welcome to Political Irish. Guests may post but all posts are restricted to approval. Why not open a free account and join our other members and post without restriction. Click Here to sign up!

Hot Brendan Keenan's "Bleak Omens" for Europe!

Discussion in 'Europe' started by Dublin 4, Jan 16, 2016.

?

Are you glad that this Economics Thread is the Biggest Thread of all on P.irish?

  1. Yes.

    65.0%
  2. No.

    35.0%
  1. Olli Rehn

    Olli Rehn Legend Political Irish

    Joined:
    Oct 30, 2015
    Messages:
    3,405
    Likes Received:
    420
    Trophy Points:
    183
    LOL !
    We ALWAYS had property speculation- long before the Euro and the EU. It is part of the Irish nature.No good blaming it on outside forces. Made 100% in the ROI.
     
  2. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Yeah - the Plantation was carried out by Irish Natives...
     
    Tadhg Gaelach likes this.
  3. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Kershaw and Tadhg Gaelach like this.
  4. Tadhg Gaelach

    Tadhg Gaelach Legend Political Irish Donator Battle Royale

    Joined:
    Jan 14, 2016
    Messages:
    16,996
    Likes Received:
    13,524
    Trophy Points:
    313
    DJ European Morning Briefing

    Dow Jones Newswires , 15 May 2017 12:05
    European Morning Briefing: Resilient Stocks to Extend Gains

    Snapshot:
    ========
    Stocks to extend gains; EUR/USD 1.0929-32; Bund yield 0.394%; Brent crude $51.58; gold $1229.41
    -New Cyberattack Spurs Global Manhunt
    -Angela Merkel’s Christian Democrats Win Election in Germany’s Biggest State
    -Renault Looks to Resume Production at Some Plants
    Watch For: Greece flash estimate GDP; earnings from Porsche, RWE, TUI

    Outlook:
    =======
    The European Commission’s release of its consumer confidence measure on Friday will provide the first indication of what impact Emmanuel Macron’s victory in the French presidential elections is likely to have on the eurozone economy’s near-term growth prospects, if any.
    Eurozone consumer confidence has been firming this year, even as it seemed possible that candidates hostile to the euro could triumph in Dutch and French elections. So it is not certain that successive victories for pro-euro candidates in those votes will have a transformative impact on sentiment and spending. Economists expect the confidence measure to rise to minus-three from minus-3.6 in April, which would be its highest level since July 2007.

    Headline News:
    =============
    Chancellor Angela Merkel’s Christian Democratic Union beat the center-left Social Democrats in the regional election in Germany’s biggest state, exit polls and early results said, providing a major boost to the German leader ahead of national elections in September.
    The center-right Christian Democrats finished ahead of the Social Democrats 34.3% to 30.6% in Sunday’s state election in North Rhine-Westphalia, according to a projection based on exit polls and early results by ARD public television.
    The result represented a major upset in German politics and underlined Ms. Merkel’s political strength as she prepares to run for a fourth term. North Rhine-Westphalia — whose population of 18 million represents more than one-fifth of Germany’s total — has long been a stronghold of the Social Democrats, who have governed in the state for all but five of the last 50 years.
    The upstart, anti-immigrant Alternative for Germany party took 7.7%, according to the projection, meaning it will now have seats in 13 of Germany’s 16 state parliaments. The pro-business Free Democratic Party took 12.2%, more than 3 percentage points better than in the state’s previous election and building momentum ahead of party’s campaign to try to regain seats in the national parliament in the federal election on Sept. 24.

    A cyber pandemic that tore through computer systems over the weekend has led to an international manhunt ahead of an expected renewed assault on Monday.
    Law enforcement groups in the U.S. and Europe, where the virus first struck Friday, were working with an informal posse of cybersecurity experts to stop the malware and find its perpetrators. The ransomware program, known as WannaCry or Wanna Decryptor, exploits vulnerabilities in Microsoft’s Windows systems.
    We are “supporting the investigation with everything we have-this is big and clearly requires concerted cross-border response,” Rob Wainwright, head of Europol, said on his verified Twitter account over the weekend. The International Criminal Police Organization, or Interpol, also tweeted Sunday that it is helping with investigations.

    Stocks:
    ======
    European stocks should extend gains Monday, with DAX futures up 44 points and FTSE 100 futures up 20 points.
    Asian stocks were mixed Monday as investors continued to shake off reasons to worry.
    “Risk-off sentiment is not too strong,” said Masashi Murata, a senior currency strategist at Brown Brothers Harriman. Despite weak U.S. inflation data on Friday, the economy there remains steady, he added, auguring well for export-dependent Asian economies.
    After falling some 0.5% minutes after the opening bell, Japan’s Nikkei and Australia’s S&P/ASX 200 were recently down 0.2% and 0.1%, respectively. Meanwhile, Hong Kong’s Hang Seng Index rose 0.4% amid gains in companies based in mainland China. Stocks and bonds in China started higher amid signs Beijing is taking a softer approach to reduce leverage and prevent risk in the debt-laden financial system.
    China’s official Xinhua News Agency ran an unexpected editorial Sunday night that urged financial regulators to avoid enabling the recent campaign to prevent risk to actually create more risk. Meanwhile, Premier Li Keqiang stressed during a cabinet meeting Sunday the importance of striking a balance among maintaining financial stability, gradual deleveraging and stabilizing economic growth.
    Ten-year Chinese government bond yields fell to 3.6% from 3.66% on Friday, and the Shanghai and Shenzhen composites gained some 0.4%, among the biggest gains in the region Monday.
    U.S. stocks edged lower Friday, as the latest batch of U.S. economic data fell short of expectations.
    The lackluster readings follow a string of soft first-quarter data. Investors have largely brushed off signs of weak economic growth in 2017 on the rationale that the first few months of the year tend to be slow and corporate earnings have been stronger than expected. U.S. stocks are hovering close to record highs, while volatility has fallen to historical lows.
    The Dow Jones Industrial Average fell 0.1%, to 20897, the S&P 500 dropped 0.2%, and the Nasdaq Composite edged up 0.1%.

    Corporate News:
    ==============
    Renault was scrambling Sunday to resume operations at plants across Europe after its computer systems were hit by a virus that swept the globe.
    A Renault spokesman said the manufacturer was forced to halt production at plants in France, Romania and Slovenia after the firm’s IT security team spotted the so-called “ransomware” worm in its systems around midnight on Friday.

    Forex:
    =====
    The dollar fell below its 200-day moving average during Friday’s U.S. session, undermined by slower inflation and disappointing retail sales growth that weighed on U.S. interest rate expectations. expectations of 2%. Meanwhile, the US retail sales control group rose by just 0.2% on-month in April (consensus 0.4%).
    CBA said it sees scope for the dollar to correct modestly lower this week because there are no policy-relevant U.S. economic data releases, which means interest rate expectations will not re-adjust higher.
    Despite growing geopolitical risk on the Korean peninsula, the dollar was little changed in Asia from late-Friday levels in New York because yen buying and selling is “surprisingly well-balanced,” said Takahiro Sekido at Bank of Tokyo-Mitsubishi UFJ.
    Geopolitical risk supports yen-buying, while yen-selling has been steady as Japanese investors start to make foreign-bond purchases. “These factors make for low volatility,” Mr. Sekido said.
    At 0350 GMT, USD/JPY was 113.38-39, EUR/USD was 1.0929-32 and GBP/USD was 1.2897-99.

    Bonds:
    =====
    U.S. government bonds strengthened Friday, dropping the yield on the 10-year note back toward 2.3% as a new report showed softer-than-expected inflation.
    Demand for bonds pushed the yield on the benchmark 10-year Treasury note down to 2.331%, compared with 2.400% Thursday and 2.352% a week ago.

    Energy:
    ======
    Oil prices surged in Asian trading as the market wavered between a possible OPEC agreement to extend production cuts and continued growth in U.S. oil-drilling activities. Meanwhile, Libya said its output has topped 800,000 barrels/day, the most in 2 1/2 years.
    Oil futures rebounded 3.5% last week after the prior week’s pummelling, and ANZ said a looming OPEC deal “should provide some support to oil prices this week.”
    At 0403 GMT, June Nymex was up 71 cents at $48.55/barrel and July Brent was 74 cents higher at $51.58

    Metals:
    ======
    London spot-gold prices inched higher in early Asian trading with North Korea’s latest missile launch and a potential further rebound in oil, which could cause some investors to focus anew on inflation, supporting sentiment.
    At 0248 GMT, gold was up $1.08 at $1,229.41/troy ounce, although it remains near 7-week lows.
     
    Dublin 4 likes this.
  5. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
  6. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Kershaw and Tadhg Gaelach like this.
  7. smurftool

    smurftool Legend Donator Battle Royale Political Irish

    Joined:
    Mar 7, 2016
    Messages:
    8,409
    Likes Received:
    4,710
    Trophy Points:
    313
  8. smurftool

    smurftool Legend Donator Battle Royale Political Irish

    Joined:
    Mar 7, 2016
    Messages:
    8,409
    Likes Received:
    4,710
    Trophy Points:
    313
  9. smurftool

    smurftool Legend Donator Battle Royale Political Irish

    Joined:
    Mar 7, 2016
    Messages:
    8,409
    Likes Received:
    4,710
    Trophy Points:
    313
  10. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Tadhg Gaelach likes this.
  11. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Tadhg Gaelach likes this.
  12. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Tadhg Gaelach likes this.
  13. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Tadhg Gaelach likes this.
  14. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Kershaw and Tadhg Gaelach like this.
  15. Olli Rehn

    Olli Rehn Legend Political Irish

    Joined:
    Oct 30, 2015
    Messages:
    3,405
    Likes Received:
    420
    Trophy Points:
    183
    Another "post" by the gutter press stooge...
     
    Dublin 4 likes this.
  16. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
  17. TheWexfordInn

    TheWexfordInn Member Political Irish

    Joined:
    Oct 30, 2015
    Messages:
    1,350
    Likes Received:
    1,368
    Trophy Points:
    163
    Yet another new high for the FTSE 100 yesterday.

    FTSE 100 closes at another record high - BBC News
     
    Tadhg Gaelach and Dublin 4 like this.
  18. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
    Tadhg Gaelach and Kershaw like this.
  19. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313
  20. OP
    Dublin 4

    Dublin 4 Legend Political Irish

    Joined:
    Nov 21, 2015
    Messages:
    12,507
    Likes Received:
    9,406
    Trophy Points:
    313