Germany

Australian Stock Market Report – Afternoon 5/16/2012

By Comsec

The Australian sharemarket lost ground for the second consecutive day, with the All Ordinaries Index (XAO) falling by 2.4 pct or 101.6 pts to 4214.7. Shares have fallen by around 5 pct so far this month and have significantly reduced the gains for the calendar year to just 2.5 pct. (3:24 am)

MORE TOPICS: UNEMPLOYMENT, WESTPAC, TWITTER, FACEBOOK, AUSTRALIA, ELECTIONS

France's Hollande to give moderates key cabinet jobs

By Reuters UK

French President Francois Hollande is to unveil his government on Wednesday, likely to opt for moderate social democrats in the key posts of finance and foreign affairs and put a more old school Socialist in charge of a new super ministry for youth and education. (2:35 am)

MORE TOPICS: AFGHANISTAN, UNEMPLOYMENT, IMF, MANUFACTURING, ELECTIONS, INVESTMENT

IMF Signals Possibility of Greece's Exit

By Oil N'Gold

The Greek situation deteriorated sharply and the IMF's hint higher possibility that the debt-ridden country may leave the Eurozone triggered deposit withdrawal of around 700M euro. Financial markets tumbled with stocks, high-risk currencies and commodities plummeted. (12:24 am)

MORE TOPICS: IMF, MANUFACTURING, RETAIL SALES, GDP, RETAIL

USD index records 12-straight days of gains; Greece to head back to the polls

By GoMarkets

A surprisingly robust night of economic feedback continued to be overshadowed overnight with Greece's political woes remaining the key market directive. (11:45 pm)

MORE TOPICS: WESTPAC, MANUFACTURING, RETAIL SALES, GDP, RETAIL

Majors Daily Forecast 16 May 2012

By iFOREX

EUR/USD Sell at 1.2733 SL 1.2765 TP 1.2656 USD/JPY Buy at 80.35 SL 80.03 TP 81.07 GBP/USD Sell at 1.5976 SL 1.6008 TP 1.5888 USD/CHF Buy at 0.9432 SL 0.9400 TP 0.9516 today so far +38, total yesterday +70 pips. (11:14 pm)

France’s Hollande and Germany’s Merkel Pledge to Chalk Out New Growth Plan to Solve EU Crisis

By IBTimes UK

France' new Socialist President Francois Hollande met the German Chancellor Angela Merkel in Berlin and both leaders promised to work together to bring back growth in the recession-hit eurozone. (9:56 pm)

MORE TOPICS: UNEMPLOYMENT, IMF, EUROPEAN UNION, ELECTIONS

EUR/USD Slips Further On Greece Turmoil

By iFOREX

On Tuesday Euro/Dollar slipped significantly with almost 220 pips on continuing Greek turmoil. The European currency depreciated from 1.2939 to 1.2721 yesterday, matching the negative money flow sentiment at bellow -19%, closing the day at 1.2727. (9:42 pm)

Australian Stock Market Report – Midday 5/16/2012

By Comsec

The Australian share market lost ground yesterday as the ongoing European concerns held markets and commodities back, with the All Ordinaries Index (XAO) ending off 36 points to 4,316 points. (8:30 pm)

MORE TOPICS: GOLD, WESTPAC, TWITTER, FACEBOOK, RETAIL SALES, GDP

Shares ease as Greek uncertainty saps risk appetite

By Reuters UK

Asian shares fell on Wednesday after Greece failed to form a government, setting the stage for a June election that could raise the risk of Athens abandoning the euro and deepening the euro zone's debt crisis. (5:42 pm)

MORE TOPICS: GOLD, BARCLAYS, MANUFACTURING, EUROPEAN UNION, JAPAN, NEW YORK

France's Hollande veers left for new cabinet

By Reuters UK

French President Francois Hollande is to unveil his government on Wednesday, likely rewarding key players from his election campaign with top positions and placing a woman in charge of a new super ministry for youth and education. (3:49 pm)

MORE TOPICS: AFGHANISTAN, UNEMPLOYMENT, INVESTMENT