Standard & Poor's to keep evaluated for Greece at "selective default"

Said Standard & Poor's Ratings Services said Thursday it has set set up by the government bonds

of Greece issued since about three days when the "CCC", pointing to the ambiguity of the outlook towards the growth rates of the Greek economy even after the end of Greece's largest deal to sovereign debt restructuring in history .

It is noteworthy that the largest institution to Ratings Services has continued its move earlier in the 27 of February, pointing again to the fact that evaluated for Greece "will remain at" selective default "until the exchange of Greek government bonds which are not subject to the laws of the Greek fully", note that the deadline for the exchange of Greek government bonds on 11 April next year, 2012.

This has completed the single currency of the European Union euro rallies rally against its American counterpart the U.S. dollar despite the statements of Standard & Poor's credit rating, where he achieved the EUR against the U.S. dollar high levels of multi-during the three hours the past, but it is now stable at levels of 1.3100 $, and after that to achieve the highest level at $ 1.3119 during the current time.

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Index leader in Japan

Japan's economy released by the final reading today, the commander of the index for the month of December, where he was recording an actual reading level of 94.4, compared with the previous level of 94.9 recorded a rise

Also issued final reading of the index update for the month of December where it came from reading the actual recorded level of 93.0, compared with the previous level of 93.1 recorded a rise

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Energy Agency report natural gas inventories

Released today by the U.S. economic report of the U.S. Department of Energy for natural gas inventories for the week spent in 9 of this March which showed deficits in stocks about 64 billion cubic feet compared to a deficit of about 80 billion cubic feet in the previous reading, and so is the current reading is less than analysts' expectations that pointed to the inability of stocks about 59 billion cubic feet.

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IMF agrees to provide 28 million euros for Greece

Approved by the International Monetary Fund agreed to provide $ 28 billion euros (36.6 $ one billion Dolaromraki) to Greece as part of the bailout plan the second with the euro area which demands further austerity measures and further steps to control spending in Athens, this and has said the International Monetary Fund today that about 1.65 billion euros double checking immediately under the new arrangement, note that this loan which has a duration of four years was declared after the cancellation of the previous program, leaving it about 9.7 billion euros and especially that they are not yet sent them away.

It should be noted that Greece has made the biggest restructuring of sovereign debt at all in the world, in addition to approval of plans austerity high to avoid the specter of bankruptcy and get on the rescue package the second, which is estimated around 130 billion euros by the International Monetary Fund and fund the euro area .

Note that members of the euro area have been fabricated during this week to make the package second to the rescue of Greece and that contribute to the containment Tabaaat European sovereign debt crisis, on the other hand has praised Mr. Lombardi, First Vice-Chairman of the International Monetary Fund to the fact that "the main task of this Agreement is to contain the crisis in the next few months in order to provide a more stable environment for Italy and Spain for the implementation of amendments and Baltabaah achieve stability for the eurozone as a whole. "

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Members of the Bank of Japan agree to increase asset purchase program worth 10 trillion yen

Minutes of the meeting showed the central bank of Japan, which was held on 13-14 February for approval of the members of Japan's central bank unexpectedly on a proposal submitted by the member states to increase by a program to buy assets worth 10 trillion yen for up to 30 trillion yen in total and with the stability program credit lending at level 35 trillion yen. 

  

This has been approved and members of the Bank is also on the proposal for a fixed target for inflation in the long run at the level of 2% to avoid the movements of the Japanese yen, which changed from the purchasing power of currency, and thus affect the rates of inflation in Japan.

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Foreign investment in China down for the fourth consecutive month in February

Decreased foreign direct investment in China for the fourth consecutive month in February, after the companies cut operations spending amid the current decline in production rates and growth in China as well as European sovereign debt crisis, which has worked to create a state of stagnation in the operations of international investment.

 

With lower foreign direct investment in China rose 0.9 percent to 7.73 billion dollars, compared with a low earlier in the month of January by 0.3%, while the rate decreased spending outside of China during the first two months in 2012 by 0.6% to $ 17.7 billion.

 

The outlook for foreign investment in China is grim, with high operating costs and funding, which caused many problems for companies, and we find this clear from the comparison between current data and spending outside of China in 2011, which reached $ 116 billion, which expected her not to exceed $ 100 billion this year.

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U.S. stocks to trade within a narrow range after U.S. data

U.S. shares opened trading today swing between gains and losses after the data that pointed to the lower industrial production and consumer confidence index fell a pace worse than expected and the previous reading, as this fall within the corrections after the surge witnessed in the U.S. markets.

 

DR Horton fell at the fastest pace of the day and this is what pushed the stock to decline substantially as a 1.62% recording levels of $ 16.05, and this applies to Pulte shares, which fell by 1.355, recording levels of trading currently at $ 26.61

 

APPLE rose by 0.3% to record levels of $ 587.309, while continuing to share the company's attempts to get back above the $ 600 per share.

 

Pettmam at 14:45 GMT, the Dow Jones rose by 0.07% to record levels of 13,262.25 points and the Nasdaq index rose by 0.10% to record levels of 6059.50 points, and finally, the S & P rose by 0.14% to record levels of 1,404.59 points.

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The balance of trade in the euro zone

Issued by euro-zone economy Trade Balance report for the month of January to be seen shrinking surplus in reading seasonally adjusted to up to 5.9 billion euros compared to the previous reading of 7.5 billion euros, which was adjusted to 7.4 billion euros, the lowest of expectations for a surplus of 6 billion euros .

On the other hand the trade balance recorded a deficit in the actual reading during the same month $ 7.6 billion euros compared to the previous surplus of 9.7 billion euros, which was adjusted to 9.1 billion euros, worse than expectations for a deficit by 3 billion euros.

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UBS raised its forecast for the growth of Switzerland and a handful of other European countries

Bank UBS UBS, the largest bank in Switzerland to raise the expectations of future Swiss economy for the current year 2012 and next year, 2013, and excludes a large entry of his country in the circle of economic stagnation in spite of a steady rise in the exchange rate of the Swiss franc compared to other work. 

Where the Bank noted that the Swiss economy could grow rapidly to reach 0.9% this year, 2012, and a pace of up to 1.9% for next year 2013, compared Ptoukath the previous 0.4% and 1.6% respectively, and the move came from the bank after the Swiss Economics Ministry raised its forecast for the economy amid signs of recovery in the economy of the euro clunk of sovereign debt crisis. 

This has the Bank has also raised its forecast for the German economy, which is the largest economy in the European continent, along with all of the Italian economy and the French economy and the economy, the Swedish and Norwegian economy as well, which he sees signs of improvement in the euro zone economy as a whole and Europe amid waning effects of the crisis sovereign debt that has paralyzed free economies in general.

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Likely to strengthen the resources of the European Financial Stability Fund to 700 billion euros

Spin expectations that the euro zone leaders to expand the Financial Stability Fund resources to the European levels of 700 billion euros compared to the previous levels at 500 billion euros, and after a big difference between Germany's biggest contribution to the rescue funds.

Scheduled to the euro zone finance ministers and bankers on 30-31 March to discuss ways to strengthen the current resources of the rescue funds (European Financial Stability Fund and the European stability mechanism), Value is agreed to fund the temporary European Financial Stability Fund worth 440 billion euros, while the European stability mechanism of 500 billion euros, and funds are combined for lending ceiling of 500 billion euros, and that means starting from July 2012 can not lend funds together more than 500 billion euros.

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