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Banking

WireTap 1400 23/04/12

A round-up of the key stories across the specialist financial media, including that the Eurozone slump was worse than than expected in April, suggesting that the recession will last at least until the second half of the year.


Eurozone slump deepens unexpectedly in April

The eurozone's business slump deepened at a far faster pace than expected in April, suggesting the economy will stay in recession at least until the second half of the year.

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Eurozone angst spooks investors

Markets reacted nervously on Monday to the socialists’ first-round victory in France’s presidential election, as the eurozone crisis claimed another victim on Monday with the collapse of the Dutch government.

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Bullish, bearish forecasters agree on strong dollar

Bulls and bears both agree that the dollar is due to rise as Europe’s sovereign debt crisis threatens the global recovery.

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China’s stocks decline on manufacturing report, ChiNext rules

China’s stocks fell the most in almost a week after a preliminary report on manufacturing signalled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board.

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Dutch PM to tender resignation

Mark Rutte, the Dutch prime minister, is tender his government’s resignation today, after far-right politician Geert Wilders withdrew his support for planned budget cuts to meet European Union deficit limits.

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