DailyMarkets.com - ECB Still Sees Weak Economy First Half 2013, Then Recovery

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• ECB Still Sees Weak Economy First Half 2013, Then Recovery
• E-Mini S&P 500 Analysis
• ECB Holds Key Rate Steady At 0.75%
• BOE Holds Rate, QE Target, But Ready To Provide Stimulus
• Libor Scandal: “Companies Do NOT Commit Fraud, People Do”

ECB Still Sees Weak Economy First Half 2013, Then Recovery Posted: 07 Feb 2013 06:49 AM PST     The European Central Bank (ECB), which earlier today left its key refinancing rate unchanged at 0.75 percent, said the euro area economy would remain weak in the first part of 2013 and then gradually recover as the bank’s accommodative stance stimulates domestic demand and exports from the 17-nation area benefit from stronger global growth.     The ECB, which cut its refi rate by 25 basis points in 2012, said the risks to its economic outlook for the euro area … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

E-Mini S&P 500 Analysis Posted: 07 Feb 2013 04:56 AM PST Thursday's session could be a big one. Here's my analysis, with key levels to watch… Inside Value The 15-minute chart of the E-Mini S&P 500 shows an Inside Value relationship has developed, which indicates we could see some decent movement in Thursday's session. The Inside Value setup occurs when the current day's value area develops completely within the value area from the prior session, which usually indicates that price is coiling and ready to break out. If price opens the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Holds Key Rate Steady At 0.75% Posted: 07 Feb 2013 04:52 AM PST     The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as widely expected, and said it would comment on the decision at a press conference later today.     The euro area’s economy shrank for the second quarter in a row in the third quarter as the Gross Domestic Product of the 17 nations that share the single currency contracted by 0.1 percent following the second quarter’s 0.2 percent quarterly contraction.     On … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOE Holds Rate, QE Target, But Ready To Provide Stimulus Posted: 07 Feb 2013 04:11 AM PST     The Bank of England (BOE) maintained its Bank Rate at 0.5 percent and the 375 billion pound target for asset purchases, as expected, but added that it was ready to provide additional stimulus and did not want to derail the slow economic recovery by tightening policy to bring inflation back to target.   … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Libor Scandal: “Companies Do NOT Commit Fraud, People Do” Posted: 07 Feb 2013 03:19 AM PST What does it mean when news that one of the world's largest financial firms pays a $612 million fine for behaviors that clearly smack of racketeering and nobody even blinks? I will tell you what it means. It means that free market capitalism is losing and cronyism in the financial system is simply becoming more deeply embedded. Do you disagree? I think most people would much prefer the regulators and justice officials to forget the fines and simply collect and display the truth and all the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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