By Andrea Thomas and Nina Koeppen Of DOW JONES NEWSWIRES
BERLIN -(Dow Jones)- German fiscal arithmetic looks increasingly fragile as more private-sector economists revise their own forecasts to show double the rate of economic decline still used by government planners.
The German government’s forecast, which it will review again on April 29, was set in January [...]
By Dan Molinski Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- The dollar was modestly weaker against the euro and stronger against the yen early Monday in New York as investors awaited official details of a U.S. Treasury Department plan to mop up toxic assets.
Some details of the plan, which will be announced at [...]
By Andrea Thomas and Nina Koeppen Of DOW JONES NEWSWIRES
BERLIN -(Dow Jones)- German fiscal arithmetic looks increasingly fragile as more private-sector economists revise their own forecasts to show double the rate of economic decline still used by government planners.
The German government’s forecast, which it will review again on April 29, was set in January to [...]
BUDAPEST -(Dow Jones)- Hungarian Prime Minister told Parliament Monday that he intends to step down and called for a new government to be formed headed by a new premier.
“My decision is final and irreversible,” Gyurcsany said in a speech to Parliament.
Gyurcsany already announced his intention to resign Saturday at a congress of his Socialist Party.
LONDON -(Dow Jones)- The new basket of goods used to calculate official U.K. inflation reveals U.K. consumers’ penchant for hot takeaway food from supermarkets and their enthusiasm for the latest technologies.
In its annual review of the goods and services prices basket, the Office for National Statistics said Monday it is adding bottled rose wine and [...]
BRUSSELS -(Dow Jones)- The European Commission Monday cleared the Austrian government to give companies facing funding problems up to EUR500,000 in 2009 or 2010.
This plan, which has a budget of EUR300 million, aims to help companies cope with tight credit conditions. This aid will be available only to businesses that weren’t facing problems on July [...]
DUBLIN -(Dow Jones)- Irish trade unions will proceed with a national strike next Monday to protest public sector pay cuts and the way the government is handling the economic crisis, trade unions and state-run companies said Monday. The strikes are part of a national day of action by the Irish Congress of Trade Unions, or [...]
Friday’s high at 1.3735 seems to be a rather strong resistance to take for the Euro, so far the pair has tried three times to break through and so far has been unable; the last attempt has brought Euro down towards immediate support level at 1.3615.
According to Tim Salem, collaborator at FXstreet.com adverts about corrective [...]
European stock markets continue posting gains on Monday on increased optimism ahead of the U.S. Treasury’s plan to buy toxic assets from troubled banks. Euro and Pound remain in range unable to break through Friday’s mid-term highs.
Banks and financials have been the largest gainers in the first hours of trading in Europe, Danske Bank and [...]
The Dollar has bounced up at 95.65 support level after its rejection from 96.60 resistance level, and has recovered all the lost ground to set a new assault to 96.60 resistance level.
According to Tim Salem, collaborator at FXstreet.com, the pair could consolidate at current levels before attempting further climbing: “Consolidation at the immediate-term Resistance @ [...]
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