90 seconds at 9 am: Global growth fears(news with Bernard Hickey)

Fears about growth
Return from Europe, China
US stocks down 0.8%
Eurostoxx down 1.2%
4th day running
copper, oil down 2.1%
Chinese factory orders
HSBC-Markit flash PMI
Contracted 5th month
Biggest fall in 4 mths
Fedex warns
Below trend growth
European crisis burbles
Spain, Portugal yields
ECB's Draghi says
'Worst is over'
Italian national strike
Over labour reforms
Ireland's economy
Contracted in Q4

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90 seconds at 9 am: Growth emerging?(news with Bernard Hickey)

Oil up 2%
Brent up US$3/bbl
To US$125/bbl
Stocks up
Wholesale rates up
US Treasury market
10 year yields up
Hopes for US growth
No QE III
Gold price
Down sharply
US$1656/oz
Was US$1792
In late Feb
NZ GDP this week
Rugby World cup

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90 seconds at 9 am: Slower Chinese growth (news with Bernard Hickey)

China's Wen Jiabao
Lower growth target
To 7.5% from 8%
First change in 7 yrs
Focus less on exports
Less foreign capital
Suggests more imports
More consumption
Good for NZ long run
Not so good short term
Copper prices fell 1.4%
Car sales down 3%
NZ$ down to 82 USc
US stocks down 0.6%
Euro stocks down 0.6%
European data weak
Greek debt deal doubts
Debt swap deal
70% plus haircut
75% agreement
By end of Thursday
Greece may force deal
Would trigger
CDS contracts
Focus on RBA
Decision this pm
Rates On hold
But still easing bias?

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EU's Ambassador to the Holy See: "This economic crisis is forcing us to question our growth model."

The new European Ambassador to the Vatican is a woman. On January 2012, Laurence Argimon Pistre from France, took on her new role.

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