Skip to main content

Focus On Trichet

Focus On Trichet - The European Central Bank on Thursday left its key lending rate unchanged at a record low 1%, as expected, but investors are focusing on ECB President Jean-Claude Trichet’s upcoming news conference for any sign the central bank will take action to address Europe's sovereign-debt crisis.

To avoid disappointment, Trichet will need to at least announce that the central bank is extending its fixed-rate, long-term refinancing operations through the first quarter of next year, strategists said.

But investors are also looking for Trichet to signal that the ECB intends to step up purchases of distressed euro-zone sovereign bonds, possibly even announcing a numerical target for purchases.

Those expectations spurred a short-covering rally in the previously hard-hit peripheral euro-zone bond markets, narrowing yield spreads between the periphery and benchmark German bunds. It also allowed the cost of insuring debt issued by the likes of Spain, Portugal and Italy against default to retreat sharply from record levels.

The euro also bounced back from a two-month low below $1.30. The euro /quotes/comstock/21o!x:seurusd (EURUSD 1.3161, +0.0024, +0.1827%) changed hands at $1.3175 versus the dollar, up from around $1.3160 ahead of the announcement for a gain of around 0.4% from Wednesday but below the intra-day high at $1.3217.

Focus On Trichet

Comments

Popular posts from this blog

Urban Meyer Stepping Down

Urban Meyer Stepping Down - Well, it appears as if it’s deja vu all over again.

Less than 12 months after retiring and then un-retiring, Urban Meyer is apparently stepping down as Florida’s head coach. There’s no word on if he will be stepping back up tomorrow.

Urban Meyer Stepping Down

According to Todd Wright of Sporting News radio, GatorUpdates.com and AOL Fanhouse‘s Brett McMurphy Meyer will announce at a 5 p.m. ET press conference Wednesday that he is resigning/retiring as the Gators’ head coach. There are no further details available at this time, other than GatorUpdates reporting over the weekend that Meyer checked into a hospital the week of the UGA game and has been undergoing tests since.

Obviously, we’ll have more on this story throughout the day and well into the night…

Urban Meyer Stepping Down

Matt Cassel Undergoes Appendectomy

Matt Cassel Undergoes Appendectomy - The mystery of Matt Cassel missing practice Wednesday coupled with the Kansas City Chiefs promoting quarterback Tyler Palko has been solved.

The team has announced that Cassel underwent an appendectomy on Wednesday morning. The Chiefs say they expect Cassel to return to work this week. Returning to work and being ready to perform well in the team’s biggest game of the season on Sunday against San Diego are two different things. ESPN’s Adam Schefter is reporting the Chiefs are viewing Cassel as being questionable to play in the game.

Clearly, this is terrible timing. The Chiefs are 8-4 and would take a major step toward the playoffs with a win over the Chargers. Cassel has played very well for the past two months. If he can’t play, the brittle Brodie Croyle would face the Chiefs in his first action of the season. Croyle last played in Week 13 of the 2009 season.

Matt Cassel Undergoes Appendectomy

Cassel’s availability will come down to whether he…

Work-Related Personal Development Plans

Work-Related Personal Development Plans - Personal development refers to activities that improve self-knowledge and identity, develop talents and potential, build human capital and employability, enhance quality of life and contribute to the realization of dreams and aspirations. The concept is not limited to self-development but includes formal and informal activities for developing others, in roles such as teacher, guide, counselor, manager, coach, or mentor. Finally, as personal development takes place in the context of institutions, it refers to the methods, programs, tools, techniques, and assessment systems that support human development at the individual level in organizations.

At the level of the individual, personal development includes the following activities:

* improving self-awareness
* improving self-knowledge
* building or renewing identity
* developing strengths or talents
* identifying or improving potential
* building employability or human ca…