www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Euro slumps amid concern over Greek exit after election

(Agencies) Updated: 2015-01-06 13:34

Voters set to decide the nation's status in currency bloc

The euro weakened to an almost nine-year low and Asian stocks fell amid concern Greece will exit the European currency union. Oil slumped to its lowest level since 2009, while silver and Chinese shares climbed.

Greece's political parties have embarked on a campaign for elections this month that may determine the fate of the country's membership in the euro currency area, with Der Spiegel magazine reporting German Chancellor Angela Merkel is ready to accept a Greek exit.

Data this week will probably show consumer prices in Europe fell for the first time in five years in December, adding to the argument for European Central Bank President Mario Draghi to extend stimulus.

"The reasons to be selling the euro were pretty clear over the weekend: Draghi being a step closer to QE and deepening concerns about the Greek political situation," Sean Callow, a currency strategist at Westpac Banking Corp in Sydney, said.

"The euro was so close to such a keenly watched round number as $1.20 that we didn't need any fresh news to tip us over the cliff."

The euro was trading at $1.1951 after falling to $1.1862 on Monday, its lowest since December 2005.

It also extended its loss over the past year to 12 percent as euro-region and US monetary policy diverged. While the Federal Reserve has wound back its own bond-buying program and floated the prospect of raising interest rates from near zero, the ECB reduced rates and started asset purchases in a bid to stoke economic growth.

Draghi told German newspaper Handelsblatt last week that while deflation risks are "limited", policymakers "have to act against such risk".

Asked how much the ECB might spend on government bonds, he answered that it is "difficult to say".

The pound dropped to its weakest level since August 2013, the Swiss franc lost 0.5 percent, and the New Zealand dollar declined 0.8 percent.

Consumer staples and telecom stocks led declines on MSCI's Asian Pacific index, while energy shares gained. The Kospi lost 0.4 percent in Seoul and Taiwan's Taiex Index retreated 0.6 percent. Japan's Topix was little changed. The Shanghai Composite Index climbed 3.6 percent, extending its rally over the past six months to 61 percent. Hong Kong's Hang Seng Index fell 0.57 percent.

West Texas Intermediate crude slipped to $51.77 a barrel after capping a sixth straight weekly loss on Jan 2. Brent crude traded in London fell 1.5 percent to $55.58 per barrel, with both blends headed for their lowest settlement levels since 2009.

WTI and Brent tumbled more than 40 percent last year as the highest US oil output in about 30 years collided with slowing global demand and OPEC's reluctance to reduce its own production.

Iraq plans to boost crude exports this month, according to the oil ministry in the second-largest producer of the Organization of Petroleum Exporting Countries.

Jan 25: triumph or tragedy?

Greece's political parties have embarked on a flash campaign for elections in less than three weeks that Prime Minister Antonis Samaras said will determine the fate of the country's membership in the euro currency area.

Samaras used a Friday speech to warn that victory for the main opposition Syriza party would cause default and Greece's exit from the 19-member euro region, while Syriza leader Alexis Tsipras said his party would end Germanled austerity.

Der Spiegel magazine reported German Chancellor Angela Merkel is ready to accept a Greek exit, a development Berlin sees as inevitable and manageable if Syriza wins, as polls suggest.

The high-stakes run-up to the Jan 25 vote returns Greece to the center of European policymakers' attention as they strive to fend off a return of the debt crisis that wracked the region from late 2009, forcing international financial support for five EU countries.

While Greek 10-year bond yields rose to about 9 percent last week from a post-crisis low of 5.57 percent in September, the relative improvement in yields from Italy to Ireland suggests that the contagion has been contained.

"Many European officials believe a Greek exit would be manageable and in contrast to 2010-2011 we wouldn't see the same cascading effect on countries like Spain or Ireland," said Fredrik Erixon, director of the European Centre for International Political Economy in Brussels.

Erixon said it is realistic to expect greater flexibility in Germany and other euro members regarding Greece as they now have more lee-way given that the crisis has cooled.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 女人张开腿给人桶免费视频 | 日本黄色大片免费观看 | 亚洲日本高清影院毛片 | 99精品久久精品一区二区 | 97视频网站 | 色一级片| 美女一级毛片免费不卡视频 | 伊人久久青草青青综合 | 一区二区三区在线免费视频 | 国产一级二级三级视频 | 午夜欧美性欧美 | 美国毛片亚洲社区在线观看 | 在线看欧美成人中文字幕视频 | 99超级碰碰成人香蕉网 | 精品亚洲成a人在线播放 | 国内自产拍自a免费毛片 | 99re9精品视频在线 | 国产不卡a | 看全色黄大色黄大片毛片 | a级欧美片免费观看 | 一区二区三区观看 | 免费播放巨茎人妖不卡片 | 在线观看免费精品国产 | 99热国产免费 | 可以看的毛片网站 | 日本高清免费视频www | 国产一级片视频 | 国产免费资源 | 舔操 | 国产亚洲美女精品久久 | 亚洲欧美视屏 | 日韩精品中文字幕视频一区 | 在线播放免费一级毛片欧美 | 国产午夜精品理论片影院 | 9191精品国产费久久 | 国产精品亚洲片夜色在线 | 天天插夜夜爽 | 五月色婷婷琪琪综合伊人 | 香港台湾经典三级a视频 | 欧美特黄特色aaa大片免费看 | 99精品久久久久久久 |