Overnight Markets -Leading News-Update 3

 EU Finance Ministers To Defer Approval of Troika/Greek Deal

The hate filled German Zionist Schauble is the one holding up the show and looking for the last Shekel of Greek Blood. What an antichrist. Are there any real Germans left who speak for the German people or all you all germbrews now?




Greek Politicians Said to Reach Austerity Deal

Greek political leaders struck a deal on a package of austerity measures, clearing the way for a swap to cut the nation’s debt and win its second rescue in two years.

Greek Prime Minister Lucas Papademos called European Central Bank President Mario Draghi to tell him “an agreement has been reached,” Draghi said at a press conference today in Frankfurt. An announcement from Papademos’s office is expected shortly, a Greek government official who declined to be identified said today by telephone.

The accord came less than four hours before euro-region finance ministers hold an emergency meeting in Brussels to discuss the 130 billion-euro ($172 billion) lifeline and the swap that will impose a loss of about 70 percent for investors.

“Some key pieces are falling into place,” Holger Schmieding, chief economist at Berenberg Bank in London, said in an e-mailed note. “Barring any last minute hitch, Europe may soon have defused the Greek issue for a while.”

A Greek deal would reinforce the reduction of contagion risks as investors discriminate between “small countries with serious problems (Greece, Portugal) and much bigger countries with smaller problems (Italy, Spain),” Schmieding said…


ECB Keeps Rates at 1 pc focuses on Greek Swap

he European Central Bankkept interest rates on hold and altered its assessment of risks to the economic outlook as investors focus on the bank’s possible role in helping Greece avoid default.

“The economic outlook remains subject to high uncertainty and downside risks,” ECB President Mario Draghi said at a press conference in Frankfurt today after policy makers left the benchmark interest rate at a record low of 1 percent, as predicted by 55 of 57 economists in a Bloomberg News survey. Last month, he said the outlook was subject to “substantial” downside risks.

Draghi will be questioned on whether the ECB intends to use its Greek bonds to help the embattled nation reduce its debt. While the ECB has remained silent on its plans, options canvassed range from selling its Greek bonds at the discount price it paid for them to taking a loss on the Greek assets held in investment portfolios, two euro-area officials said late last week on condition of anonymity.

“Markets would prefer that the ECB communicated clearly whether its Greek bond holdings will participate in the debt exchange,” said Jens Sondergaard, senior European economist at Nomura International Plc in London. “We expect Draghi to be asked on the ECB’s view, but we do not think he will be willing to provide any details…


Troika Implodes Greece..

Greece’s manufacturing output contracted by 15.5pc in December from a year earlier.

Industrial output fell 11.3pc, compared to minus 7.8pc in November.

Unemployment jumped to 20.9pc in November, up from 18.2pc a month earlier.


BOE Leave Rates Intact-Pumps 50 Billion Into Banksters Pocket to Rig English Debt Markets

The Bank’s Monetary Policy Committee voted to increase its quantitative easing programme, which will take the total assets purchased to £325bn since the process was first started in March 2009. It said the latest round of purchases would take three months to complete.

Interest rates were left on hold at 0.5pc as expected.

In a statement accompanying the decision, the Bank justified its decision against a backdrop of a weak economy, uncertain outlook, and falling inflation. It said without more stimulus, inflation was more likely to fall below the 2pc target in the medium-term.

The Bank said: “In the United Kingdom, the underlying pace of recovery slowed during 2011, with activity falling slightly during the final quarter.

“Some recent business surveys have painted a more positive picture and asset prices have risen. But the pace of expansion in the United Kingdom’s main export markets has also slowed and concerns remain about the indebtedness and competitiveness of some euro-area countries.”…..


English Special Forces Illegally Invade Syria


Greece-There is nothing left to cut

Sarkozy/LaGarde/Merkel-Three Zionist Strangle the Greeks. This has to be some sort of bizarre, ritual revenge upon the Greeks. Ancient hatred brought to the modern day by the Servants of the Crown.



Syria’s  Christians Support Assad


Finally!!!  Hyper Dangerous A380 Fleet Grounded For Safety Inspections and Repairs


Italians Exploit American Technology Produce First Really Good Fuel Cell

I don’t know what to say about the USA. We cant seem to commercialize anything we invent anymore ex software and processors.


BHP First Half Profit drops on Base Metal Prices and Operations

China- A history of Inflation and Political Uprisings



Chinese Inflation Accelerates to 4.5 pc in Jan on Holiday Spending

Massive price gouging for the Lunar New Year.

China’s inflation unexpectedly accelerated in January on the boost to spending from a week-long holiday, limiting room for monetary easing as Europe’s debt crisis damps exports and the property market cools.

Consumer prices rose 4.5 percent from a year earlier, the National Bureau of Statistics said on its website today. That was more than all 33 forecasts in a Bloomberg News survey of economists and a median of 4 percent.

Inflation quickening for the first time in six months adds pressure on officials to refrain from any immediate additional cut in banks’ reserve requirements. The government may wait to see data free from holiday distortions as UBS AG predicts price gains may cool to below 4 percent this month and Bank of America Corp. estimated about 3.3 percent.

“This cuts into the room for monetary policy easing for now,” said Yao Wei, a Hong Kong-based economist with Societe Generale AG. “However, inflation should resume its decline in February and beyond.”

The MSCI Asia Pacific Index fell 0.3 percent as of 1:49 p.m. in Tokyo. The Shanghai Composite Index (SHCOMP) was little changed.

In December, prices rose 4.1 percent. The New Year holiday, which ran from Jan. 22 to Jan. 28, boosts prices and retail sales while curbing trade and industrial production. Food prices gained 10.5 percent from a year earlier, up from 9.1 percent in December, today’s report showed..


Indonesia Unexpectedly Cuts Rates

Indonesia’s central bank unexpectedly cut its benchmark interest rate for the first time in three months to support growth in a deteriorating global economy.

Governor Darmin Nasution and his board lowered the reference rate by a quarter of a percentage point to 5.75 percent from 6 percent, Bank Indonesia said in a statement in Jakarta today. The decision was predicted by four of 15 economists surveyed by Bloomberg News, with the rest expecting no change.

Indonesia joins the Philippines and Thailand in cutting borrowing costs in the past month, while the Bank of Korea held off raising rates today as policy makers act to counter weakening global demand. Southeast Asia’s largest economy, which grew 6.5 percent last year in the biggest gain since before the Asian financial crisis, may expand less than 6 percent this year if Europe suffers a severe recession, according to Bambang Brodjonegoro, head of fiscal policy at the finance ministry.

“External demand conditions will likely weaken further,” Euben Paracuelles, a Singapore-based economist at Nomura Holdings Inc., said before the decision. “The associated softening in commodity prices should also add to some headwinds in domestic demand, given Indonesia’s status as a commodity exporter.”…


Greek Talks Stall Again as Venizelos heads to Brussels

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