The sort of debt problems seen in Greece are likely to spread further in the euro zone and Portugal could be the next victim, Greek Deputy Prime Minister Theodoros Pangalos was on Monday quoted as saying.
Thaliomide, the sedative drug taken by mothers to reduce morning sickness, half a century ago, which resulted in high risk of birth defects, treats a rare inherited blood disorder, according to recently reported lab experiments.
British Prime Minister Gordon Brown said the world's large economies were close to agreeing a global tax on banks to help prevent another financial crisis, the Financial Times reported on Monday.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
Audits are underway at a new Internal Revenue Service unit set up to catch rich tax cheats hiding funds in tax shelters, but don't expect a flood of evaders to come to light any time soon.
Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe.
Factories across Europe and Asia cranked up production in March, business surveys showed on Thursday, showing a strong recovery in fast-growing emerging markets taking root in the developed West.
Asian stocks rose to an 11-week high on Thursday as China's manufacturing industry picked up and foreign buying boosted the technology-heavy markets of Taiwan and South Korea.
However „The-Trading-Coach will relax some days and we see us again next week. Nethertheless I will give you a short update for today.
After a range in the morning between 1.3417 and 1.3452 there was some growing into the direction of 1.3490 with a false break-out and for the rest of the day a sideways range.
Reason for that might have been yesterdays not overwhelming news.
EXPECTATIONS FOR TODAY´S TRADING DAY
So what can we trader expect for today?
Greece on Monday sold 5 billion euros ($6.7 billion) of 7-year bonds with a looming Easter holiday and a subdued European market dampening demand in the first test of investor appetite since last week's EU-backed debt support deal.
The euro strengthened on Monday as debt-stricken Greece sold seven-year bonds, but investors remained anxious about the country's long-term ability to finance itself at affordable rates. After hitting a 10-month low below $1.33 last week, the euro rose above $1.35 on Monday as Greece returned to capital markets for the first time since euro zone leaders agreed to extend the southern European country a financial safety net.
Debt-stricken Greece won little respite from crippling borrowing costs when it returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a last-resort financial safety net.
Greece looked set to sell 5 billion euros ($6.7 billion) in the first test of investor appetite since a European-IMF debt support deal last week but demand was less than half that of an issue earlier this month.
Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.
Did you also keep your breath during the last days and thinking: „How far will EURUSD further fall? I can quieten you - thanks to the common solution of the EU for Greece there was some climbing up of the crosspair. Also if that were only 30 pips compared with the last high of Thursday, but anyhow. How is it going on? Should the course further win, I could expect chances into the direction of 1.3520, 1.3570 or 1.3680 as shortterm targets.
The euro rallied further on Monday from 10-month lows, buoyed by a burst of short-covering as the quarter draws to an end, while Chinese shares hit two-month highs as investors welcomed the launch of a futures index.
European Central Bank Governing Council member Axel Weber said current interest rate levels are appropriate, signaling that the central bank will stick to low rates for some time, the Nikkei newspaper reported on Sunday.
The Financial Times is reporting that Greece plans to put the EU solution to the test with a 5 billion euros ($6.7 billion) bond issue next week. In an interview with the Financial Times, Petros Christodoulou, who heads the public debt management agency, stated that he would like to return to the bond markets next week to begin financing his country's debt. Greece will issue either a three- or seven-year bond, which will be followed by a second issue of similar size in April.
Senior executives at Lufthansa are calling for a mediator in an ongoing pay dispute with pilots, German magazine Der Spiegel reported, raising hopes that a looming strike could be averted.
Switzerland's financial regulator FINMA will shortly draw up rules setting out the conditions under which banks can manage funds of foreign clients that have not been declared for tax, it said on Saturday.
According to research presented at the European Breast Cancer conference held in Barcelona, Spain from March 24 to 27, women who become pregnant after surviving breast cancer may actually improve their survival odds, but women with a postpartum diagnosis of breast cancer have increased mortality in comparison to other women diagnosed with the disease.
