birou notarial
* Euro hits three-week high against dollar; world stocks up
* Germany eyes concessions to ease new Greece bailout -WSJ
* World stocks set for biggest monthly drop since August
* Brent crude heads for first monthly fall in a year
By Dominic Lau
LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.
Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]
That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.
Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.
"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.
Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.
The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.
Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.
Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.
Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.
Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.
"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.
WEAK MAY PERFORMANCE
World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.
In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.
Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.
The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)
Birou Notarial Bucuresti
Baloane
* Euro hits three-week high against dollar; world stocks up
* Germany eyes concessions to ease new Greece bailout -WSJ
* World stocks set for biggest monthly drop since August
* Brent crude heads for first monthly fall in a year
By Dominic Lau
LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.
Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]
That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.
Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.
"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.
Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.
The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.
Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.
Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.
Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.
Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.
"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.
WEAK MAY PERFORMANCE
World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.
In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.
Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.
The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)
Baloane
Cost aparat dentar
* Euro hits three-week high against dollar; world stocks up
* Germany eyes concessions to ease new Greece bailout -WSJ
* World stocks set for biggest monthly drop since August
* Brent crude heads for first monthly fall in a year
By Dominic Lau
LONDON, May 31 (Reuters) - The euro rose to a three-week high against the dollar on Tuesday, while world stocks and oil prices advanced on a report that Germany could make concessions to facilitate a new aid package for Greece.
Berlin, which along with some other countries had resisted extra funding, is considering dropping its push for an early rescheduling of Greek bonds, the Wall Street Journal said. [ID:nL3E7GV07I]
That was in line with the tone of comments by Berlin's finance minister last week, although other substantial barriers appear to remain to the provision of extra financial help needed to deal with Greece's financing needs next year.
Concerns over the euro zone debt crisis have driven the euro sharply lower this month and it is on course for its first monthly loss since November.
"There's quite a big risk premium in euro based on Greek default concerns, so if Germany lends more money to get them through to 2013, the chances of a disorderly restructuring further down the line become much reduced," Adrian Schmidt, currency analyst at Lloyds Banking Group, said.
Concerns have intensified after Greece fell short of deficit-reduction goals and the IMF this month pointed to problems with the release of the next tranche of aid, raising the risk of a default on Athens' 327 billion euro debt.
The euro EUR= was up 0.9 percent at $1.4404 after hitting a three-week high at $1.4413, and up 0.7 percent at 1.2255 Swiss francs EURCHF=. The single currency, however, is down about 2.7 percent overall on the month, according to Reuters data.
Greece's shares .ATG climbed 2.5 percent, while the Thomson Reuters Peripheral Eurozone Index .TRXFLDPIPU rose 2.2 percent and the FTSEurofirst 300 .FTEU3 of leading European shares added 0.7 percent.
Yields on 10-year Greek government bonds GR10YT=TWEB eased 18.6 basis points to 16.552 percent, while those on Spain's 10-year bonds ES10YT=TWEB fell 4 basis points to 5.359 percent.
Germany's benchmark 10-year Bund yields DE10YT=TWEB, on the other hand, rose 6 basis points to top the key psychological level of 3 percent.
Rabobank strategist Richard McGuire said there is every likelihood than any softening of Germany's stance on a "reprofiling" of Greek bonds will prove to be a short-term development designed to avoid the immediate funding crunch that would arise if the IMF were to stop its disbursements.
"With bailout fatigue also increasingly evident on the part of core electorates, this issue is likely to make a return near term and could perhaps feature at the Eurogroup's discussions on Greece on 20 June," he said in a note.
WEAK MAY PERFORMANCE
World stocks measured by MSCI All-Country World Index .MIWD00000PUS gained 0.8 percent, though the index was on track to register its worst biggest monthly percentage losses since last August.
In Asia, Japan's Nikkei average .N225 rose 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower.
Brent crude LCOc1 put on 1.3 percent to trade above $116 a barrel, though it was down 7.7 percent this month, heading to its worst monthly percentage losses in a year.
The crude prices are still up more than 22 percent so far this year on supply concern, driven largely by the unrest in oil-rich Middle East and North Africa. (Additional reporting by Neal Armstrong, Emelia Sithole and Kirsten Donovan; editing by Patrick Graham)
Cost aparat dentar
