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Eurozone services flash PMI march: 46.5 vs 48.2 exp
Eurozone manufacturing flash PMI march: 46.6 vs 48.2 exp
Euro lower after weak german pmi
Cyprus: Eurogroup’s Dijsselbloem says they have been told by russia that they are not in favour of new loans
German services flash PMI march: 51.6 vs 55 exp
German manufacturing flash PMI march: 48.9 vs 50.5 exp
Cyprus: ECB says current level of ELA to be maintained until 25 march
European equities open slightly lower
Cyprus: cypriot party leaders to discuss a voluntary debt haircut
Cyprus: cypriot party leaders discussing smaller deposit levy
French services flash PMI march: 41.9 vs 44.0 exp
French manufacturing flash PMI march: 43.9 vs 44.3 exp
Cyprus: russian fin min says talks will continue thursday
Cyprus: fin min says talks with russia continue, including natural gas deal
Swiss trade balance feb: CHF +2.098 bln vs +CHF 2.120 bln prev
Economic data coming up this morning
Nikkei closes up 1.34% at 12,365.69
Australian PM Gillard and dep pm Swan re-elected unopposed
Rudd says he will not challenge for Labour party leadership
UK press: Budget speech reviews

Eurozone services flash PMI march: 46.5 vs 48.2 exp

Posted: 21 Mar 2013 01:58 AM PDT

47.9 prev

Eurozone manufacturing flash PMI march: 46.6 vs 48.2 exp

Posted: 21 Mar 2013 01:58 AM PDT

47.9 prev
Composite PMI 46.5 vs 48.2 exp 47.9 prev

Euro lower after weak german pmi

Posted: 21 Mar 2013 01:50 AM PDT

Up and down and up and down we go,

EURUSD 1.2887 EURGBP 0.8518 EURJPY 123.40

Support to be expected between 1.2855-75

Cyprus: Eurogroup’s Dijsselbloem says they have been told by russia that they are not in favour of new loans

Posted: 21 Mar 2013 01:41 AM PDT

says russia have made it clear to the Eurogroup that only loand extension and interest rate reductions are on offer in talks
says some kind of levy inevitable in final deal
says market reaction to cyprus ” very little” ( try telling that to a few traders out there! )

German services flash PMI march: 51.6 vs 55 exp

Posted: 21 Mar 2013 01:29 AM PDT

54.7 previously

German manufacturing flash PMI march: 48.9 vs 50.5 exp

Posted: 21 Mar 2013 01:28 AM PDT

previously 50.3
Composite PMI 50.1 vs 52.7 prev

Cyprus: ECB says current level of ELA to be maintained until 25 march

Posted: 21 Mar 2013 01:23 AM PDT

After that further Emergency Liquidity Assistance could only be considered if an EU/IMF programme was in place that ensured banks’s liquidity

European equities open slightly lower

Posted: 21 Mar 2013 01:19 AM PDT

FTSE -0.1%
DAX -0.1%
CAC40 -0.3%
IBEX -0.1%
FTMIB -0.2%

Cyprus: cypriot party leaders to discuss a voluntary debt haircut

Posted: 21 Mar 2013 01:16 AM PDT

Should keep the local barbers busy anyhow.

Cyprus: cypriot party leaders discussing smaller deposit levy

Posted: 21 Mar 2013 01:10 AM PDT

Also looking at issuing a bond linked to their natural gas revenues

In answer to frank173 and anyone else who’s unaware, these potential revenues are not insignificant.

The 13 exploratory energy blocks south of Cyprus could hold gas reserves of as much as 60 trillion cubic feet, the head of Kretyk, the country’s state hydrocarbons company said.
That would be worth about EUR 475 bln euros at today’s prices according to Bloomberg.
Noble Energy granted first contract to explore Block 12 in October 2008.
First gas find reported in 2011

French services flash PMI march: 41.9 vs 44.0 exp

Posted: 21 Mar 2013 12:59 AM PDT

43.7 previously

French manufacturing flash PMI march: 43.9 vs 44.3 exp

Posted: 21 Mar 2013 12:58 AM PDT

43.9 previously
Composite PMI 42.1 vs 43.1 prev correction

Cyprus: russian fin min says talks will continue thursday

Posted: 21 Mar 2013 12:06 AM PDT

They must have popped out together for a comfort break

Cyprus: fin min says talks with russia continue, including natural gas deal

Posted: 21 Mar 2013 12:04 AM PDT

shock. not

any deal must also be in russia’s interests

of course

Swiss trade balance feb: CHF +2.098 bln vs +CHF 2.120 bln prev

Posted: 21 Mar 2013 12:02 AM PDT

Economic data coming up this morning

Posted: 20 Mar 2013 11:11 PM PDT

This lot should keep my little typing fingers busy

Nikkei closes up 1.34% at 12,365.69

Posted: 20 Mar 2013 11:06 PM PDT

Australian PM Gillard and dep pm Swan re-elected unopposed

Posted: 20 Mar 2013 10:58 PM PDT

Rudd says he will not challenge for Labour party leadership

Posted: 20 Mar 2013 10:44 PM PDT

news out a short while ago re the Australian leadership election
said he would only contest if he had the mandate of the party, which he says he currently doesn’t have
AUDUSD not moved at 1.0372

UK press: Budget speech reviews

Posted: 20 Mar 2013 10:41 PM PDT

After yesterday’s uk budget speech which flattered to deceive, but caused some sharp volatility in the pound, here’s a selection of reviews/reactions from the uk media

What the key numbers really mean

Last minute cuts spare Osborne’s deficit blushes

Osborne pins hopes on housing boom

Osborne’s gambled on the wrong policy