Browsing all articles tagged with nuclear

German Economy to Pick up Although Fall Short of Traditional Pace

Germany’s economy will recuperate from a bout of winter weakness however fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt investment and exports.

There are homegrown problems too. What hue of government will result from September elections is injecting doubts and foreign investors cite worries regarding over-regulation and Germany’s future energy mix after Chancellor Angela Merkel turned her back on nuclear power.

Europe’s paymaster was long flexible to the euro debt crisis but contracted at the end of previous year and only eked out meager growth in the first quarter.

The Bundesbank stated this week a solid second quarter recovery was in prospect. Construction is expected to bounce back following a harsh winter and private consumption will grow thanks to low unemployment inflation-busting wage boost and low interest rates.

Although even the government forecasts just 0.5 percent growth in 2013 and economists doubt German companies will start investing heavily in the short term.

Christoph Schmidt, head of the German Council of Economic Experts, nobody expects strong growth for this year now particularly as the first quarter was so sobering, advisors to the government known as the wise men.

The economy grew just 0.1 percent in the first quarter following shrinking 0.7 percent in the previous three months of 2012.

Schmidt said trade will not contribute much, it could even drag on growth so that leaves domestic demand, private consumption is comparatively stable however investments are restrained and the key question will be when and how much they pick up.


Gold Heads for Third Weekly Fall, Firm Shares Reflect

Precious metal prices were stable on Friday however remained on track for their worst week since late February as strong equities lured investors seeking better returns, as outflows from exchange traded funds underlined the shaky attitude for gold.

CIMB regional economist Song Seng Wun said US equities have continued to defy gravity accumulation that the market had also shrugged off the threat of conflict with North Korea.

Usually, given growing tensions there will be flight to safety and bullion will benefit, however he suppose at this point, as they are mindful of the increased risk, nobody really think that the North Koreans will actually carry through on their threats.

Growing tensions on the Korean peninsula have done little to blend safe haven buying, while yellow metal could regain some of its luster if the newest US earnings season disappoints.

Yellow metal was stable at $1,560.84 per ounce by 0628 GMT, heading for a more than 1 percent turn down this week, its third such fall in a row.

Gold has fall about 7 percent so far this year, following increasing for the previous 12 years, lagging added of more than 11 percent in the S&P 500 index.

US government agency has stated North Korea has a nuclear weapon it can mount on a missile, accumulating an ominous dimension to threats of war by Pyongyang, however the assessment was quickly dismissed by several US officials and South Korea.

Dealer in Singapore, it’s a slim market and a two way business. Mean’s we are seeing both buying and selling today, buying is not extremely high from India. I would say there is not anything strange yet.

Gold future for June delivery fall almost $20 or 1.3%, to 3,561.50 per ounce, on track for a weekly drop of nearly 1%. US gold for June delivery was $1,560.90 per ounce, drop $4.00.


Oil Rose to $113 per barrel, Heads for 2nd Monthly Addition

Oil augmented to $113 per barrel on Friday, bearing for a second monthly addition supported by investor expectation of further monetary easing that could encourage economic growth and support oil demand, and worries regarding supplies.

Federal Reserve Chairman Ben Bernanke may admit the US central bank is aggressively considering an additional round of monetary easing in his Jackson Hole speech today.

Brent crude was climbed up 57 cents to $113.22 per barrel by 0947 GMT, following declining to a session low of $112.36 per barrel. US crude increased 38 cents to $95.00 per barrel.

Natalie Rampono, commodity strategist at ANZ stated that the oil is most likely going to trade sideways on Friday until the Bernanke speech, which will probably offer further of a downside risk as the markets have previously priced in a policy easing response.

The US dollar lost its strength in advance of the speech by the Fed chairman, who could frustrate markets if he stops short of indicating a further bond buying program is looming, a conclusion which many analysts articulated is a strong likelihood.

In addition of stimulus expectations, a plunge in supply from the North Sea source of the crude which supports the Brent contract, due to oilfield upholding as well as hostility in Syria and stress over Iran’s nuclear program also lent support.

Tony Machacek, a broker at Jefferies Bache said that essentially the market could come down; however there is this general fear factor about Syria, Iran, Israel and hurricanes.

Furthermore, the 17-nations shared currency has directed to stabilize, which has maybe assist oil creep higher. Short covering earlier than the weekend could also keeps the market floating.

Oil for October delivery climbed 39 cents to $95.01 per barrel during the Friday’s trading session.

Natural gas for October delivery increased 2 cents to $2.77 per British thermal units. September gasoline knocks down 1 cent to $3.08 per gallon.


Hezbollah Says, Iran Reacted Enormous If Targeted By Israel

Hezbollah’s Secretary General Hassan Nasrallah said Iran’s reaction to an attack by Israel would be massive, responding to caution’s by Israeli leaders that time is finished for a diplomatic solution to the Islamic Republic’s atomic work.

Nasrallah further said in his speech that the hit by Israel would provide Iran the golden opportunity it has been looking for Israel would have attacked Iran’s nuclear facilities a long time ago

Nasrallah said, Iran is powerful and spirited, further said that he and the Israelis know Iran’s reaction to any assault would be huge.

Israel stated that Iran is working to expand an atomic weapon and considers its enemy’s nuclear work to be an existential danger. Iran stated its agenda is peaceful.

Lebanon based Hezbollah is a militant Islamist group with close bind to Iran and is classified as a terrorist organization by the US. This group is also backed by Syria, fought a one month long war with Israel in 2006. Nasrallah stated any upcoming war with Israel would be more painful for the Israelis than the 2006 clash.

He further stated that when their country is attacked, they won’t take permission from any person, conflict with Lebanon is going to be very costly.

US Embassy in Beirut informed its citizens on Saturday of an augmented likelihood of attacks in Lebanon, together with abductions and the prospective for a rise in violence. The warning came following Bahrain, Saudi Arabia, Kuwait, Qatar and the U.A.E. informed their citizens to leave Lebanon amid kidnapping threats.

Nasrallah remoteness his organization from the pre