Voorraden gemengd worden, zoals Griekenland onderhandelt om de schuld te snijden

The SP added less than 1 point to close Monday at 1,316. The Dow Jones industrial average and Nasdaq ended slightly lower.

European stocks and the euro rose after the continent’s finance ministers put pressure on banks that hold Greek government bonds to reach a deal to cut Greece’s debt.

Many energy stocks jumped as prices for natural gas and crude oil rose.

The Dow fell 12 punten, of 0.1%, naar 12,709.

Stock trend

Dow Jones industrial average, five trading days

The Nasdaq composite index fell 3 punten, of 0.1%, naar 2,784.

Nearly four stocks rose for every three that fell on the New York Stock Exchange. Trading volume was below average at 3.7 miljard aandelen.

The Greek stock market gained 5%, and markets in Germany, France, Spain and Britain all advanced less than 1%. The euro rose more than a penny to $1.302, close to its highest level against the dollar this year.

European finance ministers are trying to prevent a disorderly default by Greece in March. The direst scenarios include a credit crisis similar to what happened after the Lehman Bros. investment house fell in 2008. One proposal would have Greece’s private creditors, which include banks and other investors, swap their bonds for news ones at a 5% korting. That would cut the country’s debts by some $129 miljard.

Stocks are off to a strong start in 2012. Investeerders’ biggest fears have slowly faded. Stronger than expected job growth in the U.S. and falling borrowing costs for European governments have helped the SP 500 index post gains on 11 van 13 trading days.

For the year, the Dow is up about 4%, the SP about 4.5%.

Maybe the biggest boon to markets this year is the lack of scary headlines, said Jeff Lancaster, a principal at the investment firm Bingham, Osborn Scarborough.

When everybody is feeling distressed, anxious and worried as they were at the end of last year, it doesn’t take a lot of good news for the mood to change,” zei hij. “It just takes a diminishing quantity of bad news.

In U.S. markten, Research In Motion (RIMM), the maker of BlackBerry mobile devices, zonk 8% after its new chief executive said no drastic changes are needed. The company’s founders announced they were stepping down as co-CEOs late Sunday.

Energy companies made large moves. Chesapeake Energy (CHK) rose 6% after the country’s second-largest natural gas producer said it plans to cut production.

Apache (APA) rose nearly 2% after the oil and gas producer said it plans to buy Cordillera Energy Partners in a $2.9 billion deal.

In Europa, de FTSE 100 index of leading British shares rose 0.5% bij 5,759 while Germany’s DAX rose 0.2% naar 6.414. The CAC-40 in France was 0.3% higher at 3,332.

Many Asian markets were closed Monday in observance of the Chinese New Year. In Japan, the Nikkei 225 index was mostly flat for the day at 8,766.

Later in the week, investors will be monitoring a two-day policymaking meeting at the Federal Reserve.

Though the Fed is expected to keep its super-loose monetary policy unchanged, there will be great interest in the outcome of the meeting. It will be the first time the Fed will be publishing its interest rate forecasts out to 2016, part of a strategy to enchance communication with financial markets.

Investors will be particularly interested to see how long it expects interest rates to remain low — previously the Fed said it expected to keep them low until the middle of 2013.

“Meest, ourselves included, expect the projections to suggest the Fed sees rates on hold well into 2014,said Adam Cole, een analist bij RBC Capital Markets.

In the oil markets, traders are watching developments in the Persian Gulf, ook. Iran has threatened to close the Strait of Hormuz if the U.S. and other countries impose more sanctions on it because of its nuclear program. Many analysts doubt that Iran could set up a blockade for long, but any supply shortages would cause supplies to tighten.

Dientengevolge, prices have remained well-supported — benchmark crude rose 20 centen aan $99.78 a barrel in electronic trading on the New York Mercantile Exchange.

ExperiencePlus! Bicycle Tours viert 40 jaar met Fort Collins rit

<!–Saxotech Paragraaf Graaf: 3

A Fort Collins-based bicycle tour company will celebrate its 40th anniversary this year with a two day bicycle tour of Northern Colorado.

In 1972, Rick Price and Paola Malpezzi Price founded ExperiencePlus! Bicycle Tours as a way to travel to Italy to visit Paola Malpezzi Price’s family living there.

Nu 40 years later the business, which offers guided bike trips to France, Italië, Spanje, Griekenland, Costa Rica, New Zealand and other places, has been passed on to the Price’s daughtersMonica Price, 33, and Maria Elena Price, 29.

To celebrate 40 years of pedaling around the world, ExperiencePlus! Bicycle Tours is bringing it back to where it all started with a two-day bicycle tour in Fort Collins.

Maria Elena Price co-owner and manager, said they have never hosted a ride in Fort Collins before and felt the 40-year mark was a good opportunity to do it.

“We are doing some of our favorite rides around here that will also fit in our timeframe,"Zei ze. “One of the classic rides of the Front Range is down towards Carter Lake.”

The celebration tour will take place April 28 en 29 and include a 60-mile ride up Harmony Road to Masonville and then on to Carter Lake. The ride will return to town via Eden Valley followed by a New Belgium Brewing Co. brewery tour. There are also plans for a dinner celebration and overnight at the Armstrong Hotel in Old Town Fort Collins. The second day of the tour is a 25-mile ride through Bellevue Valley.

The ride is $100 per person and includes: van support, ontbijt, diner, snacks, a brewery tour and tasting and a custom-designed commemorative cycling jersey.

For more see Tuesday’s Coloradoan

Zal Europa uitgegroeid tot een budget reis paradijs?

The default threat

The current threat is that some members of the 17-nation euro zone will be unable or unwilling to reduce national budget deficits enough to meet requirements and deadlines set by the Europese Centrale Bank, and that they will then default on huge outstanding loans and other debt obligations. Countries considered to be at greatest risk of default are Greece, Portugal, Italië, en Spanje, although others face similar, if less severe, problems.

Helaas, “oplossen” the deficit problem isn’t easy. The only real solution to deficits—some combination of increased taxes and reduced expenditures—has run into stubborn popular resistance in the affected countries. Greeks have already shown their willingness to take to the streets over government austerity measures, and the same might well happen in other countries.

Will noncompliance lead to a fracture of the euro zone? The modern world has never seen such a multinational monetary union, much less one that subsequently fractured, so history provides no guidance at all. At best, we can only speculate. Here are three possible scenarios:

A Weak Solution: We Americans know quite well that when something must absolutely be done by a deadline, the most certain outcome is that politicians kick the problem down the road. That’s the likely outcome here—more rhetoric and less action. Greece and Portugal might not be quite “too big to fail,” but the other countries probably are, so one way or another, to treat the problem, the euro leaders will likely, in Carleton Greene’s words, “Dissolve it in a weak solution.

Quit or Be Evicted: If the politicians can’t sidestep the problem, the wayward countries may have to split from the euro zone. But the political machinery makes no provision for either voluntary secession or eviction from the euro zone, so nobody has any idea of how a separation could occur or what would happen. Presumably, a country could withdraw unilaterally as rapidly as it wished—after all, the Bank has no enforcement tools except economic ones. Echter, de bureaucraten kan langer duren om te beslissen over en stellen een uitzetting.

Een mogelijke recessie: De meest waarschijnlijke trigger voor mislukking zou een besluit van de sterke landen van de eurozone om te stoppen met het lenen van meer geld aan een van de strijdende landen, resulterend in gebreke het zwakke land zijn verplichtingen. Een dergelijke massale standaard zou ernstig gewond vele grote Europese financiële instellingen-de kosten van het omgaan met IJsland 2008 ineenstorting nog het indrukken van de Europese economie en een nog grotere ineenstorting kan leiden tot recessie druk op de gehele eurozone. Maar, globaal, de overige landen van de eurozone nog steeds een economische grootmacht te zijn, en na een periode van aanpassing, ze konden blijven zonder een of meer kleine, eigenzinnige leden.

Een standaard voor land

Although the rest of the euro zone would undoubtedly continue to prosper, a country leaving the euro zone would have some serious problems, starting with a weak economy and a weak replacement currency. Hier, we have some historical guidance.

Vaak, a country with debts it can’t cover resorts to inflation—or at least permits inflation —to devalue the debt. When that happens, local businesses tend to shun the national currency and transact business in a more stable currency, zoals U.S. dollar or the euro. As a result of shekel inflation, bij voorbeeld, de U.S. dollar became Israel’s de facto currency through the early 1980s. Several Latin American countries have actually adopted the U.S. dollar as their official currency, and several others officially peg their own currency to the dollar. A few do the same with the euro.

Anderzijds, a country with a reasonably sound economy and that isn’t overburdened with debt often devalues its currency to stimulate tourism and exports.

Impact on you

The main impacts of any euro zone failure scenario would fall on Europeans. For visitors, the impacts would probably be transitory and fairly minor:

In Euro Zone Countries: Fracturing of the euro zone could lead, at least for a few years, to better exchange rates against the dollar, favoring U.S. reizigers. But shifts would probably be relatively small and relatively slow, and Europe would not turn into abudget paradiseto any significant degree.

In Defaulting Countries: Just about anything could happen. A devalued currency, if it remains stable, could mean really good deals for visitors. For several years following the 1997 Asian financial crisis, bij voorbeeld, much of Southeast Asia became a real bargain for visitors from strong-currency countries. That would be a best-case scenario. Runaway inflation, anderzijds, makes travel more difficult. Travel businesses in affected countries try to peg local prices to dollars or euros and transact as much business as they can in hard currencies.

What really matters to visitors

Decisions by tourists whether to visit a given country or area are much more affected by what happens in the streets than by what happens in the banks. Travelers to Greece these days are more concerned about getting caught in civil unrest than they are about low prices; despite some good resort deals, travelers avoid Acapulco because they really don’t want to become collateral damage in a drug war. Those developments, rather than exchange rates, are likely to govern tourism patterns over the coming years.

The lesson for most North Americans: Don’t figure on any big changes in costs of visiting most of Europe, one way or the other. Keep a close eye on the headlines to avoid visiting places where you might encounter violence. And if you have to prepay more than a few hundred dollars, buy cancel-for-any-reason trip insurance so you, not the bean counters, can decide how to respond to what happens on the ground.

€ 101

For anyone who needs a quick primer to bring them up to speed: The euro is the multinational currency in use throughout the euro area or euro zone. Current membership consists of 17 member states of the Europese Unie (EU) that have adopted the euro as a common currency: Oostenrijk, België, Southern Cyprus, Estland, Finland, France, Duitsland, Griekenland, Ierland, Italië, Luxemburg, Malta, De Nederland, Portugal, Slowakije, Slovenië, en Spanje. Although not official members of the EU, Kosovo and Montenegro have also adopted the euro as their currency. And several but not all 10 non-euro members of the European Union plan to join the euro zone within the next few years.

Vooruit kijken

Press reports are long on such terms as “crisis,” “chaos,” “collapse,” and evencivil warto describe what might happen in some sort of euro failure, but they’re very short on exactly what they mean by those dire terms. So what could actually happen? Nobody knows—or at least nobody is saying.

SmarterTravel.com is voorzien van deskundig reisadvies en onbevooroordeelde dekking van reisaanbiedingen.

Asian Stocks Mixed Op Griekse schuld Worries

(RTTNews.com) – Asian stocks ended Monday’s lackluster session on a mixed note, although most of the markets of the region remained closed for the Lunar New Year’s Day holidays. Investors awaited the outcome of the European Union Finance Ministers meet in Brussels tonight as talks on a debt agreement for Greece dragged on for three days now.

Greece should iron out differences with the bankers so that it can avoid a disorderly default and tap into a second EU rescue deal that was agreed last year. Crude prices fell for a fourth day and the euro was lower against the greenback as uncertainty over talks between Greece and its private creditors continued.

Private schuldeisers waarbij het aan de Europese Unie en het Internationaal Monetair Fonds om te beslissen over de Griekse schuld afwaardering, zei Charles Dallara, directeur van het Institute of International Finance en representatief voor de obligatiehouders.

Tokyo aandelen eindigde weinig veranderd met een negatieve bias, omdat beleggers nam wat winst na een vierdaagse rally vooruit obligatieveilingen in Duitsland en Frankrijk later in de mondiale dag. De Nikkei gemiddelde gleed 0.01 procent na vrijdag 1.5 procent rally, terwijl de bredere Topix-index boekte een bescheiden 0.2 procent winst. Trading traag gebleven als vele regionale markten waren gesloten vanwege het Chinese nieuwe jaar vakantie.

Belangrijke technologische exporteurs viel op winstnemingen na de recente forse winsten, met Fanuc, Canon en Tokyo Electron dalende tussen 0.8 procent en 1.4 procent. Ondertussen, schandaal-hit Olympus steeg 8.2 procent na de Tokyo Stock Exchange kon het bedrijf zijn genoteerd op de beurs aandelen te houden. Sony sprong 4 procent op berichten dat het bedrijf is de toonaangevende mededinger tussen bedrijven vechtend voor een aandelenbelang in de camera maker.

Aandelen van Toshibha sprong 4.3 procent en Elpida Memory rally 4.6 procent na U.S. informatie-technologie-gerelateerde bedrijven zoals Intel, Microsoft en IBM gepost uitbundige resultaten voor het kwartaal oktober-december.

Australische aandelen lager gesloten, met een gemengde buurt op Wall Street in het weekend en Outlook is geïnstalleerd schuldbesprekingen Griekenland weegt op sentiment. De SP maatstaf / ASX 200 schuur 0.3 procent, terwijl de bredere All Ordinaries-index sloot 0.4 procent lager.

Onder de belangrijkste mijnwerkers, BHP Billiton daalde 0.6 procent en kleinere rivaal Fortescue tuimelde 3.7 procent, terwijl Rio Tinto kreeg een half procent. In de financiële sector, ANZ, Gemenebest, NAB and Westpac ended down between 0.1 procent en 1.1 procent.

Qantas Airways rallied 3 percent after the airline said it was excluded from an air-worthiness directive issued by a European safety agency that requires other carries to inspect for cracks on potentially faulty wings. St Barbara rose 1.9 percent after the company forecast a rise in gold production in the second half of its financial year.

In economic news, Australia’s producer prices increased less than forecast by economists in the December quarter as agriculture costs declined, data from the Australian Bureau of Statistics showed. The price index rose 0.3 percent quarter-over-quarter, weaker than the 0.4 percent rise expected. In the third quarter, er was een 0.6 percent price increase.

New Zealand’s benchmark NZX-50 index rose 0.6 procent in dunne handel vanwege de feestdag in de hoofdstad Wellington Anniversary Day. Telecom opgedaan 1.7 procent, Contact Energie steeg een procent en chorus toegevoegd 0.7 procent, maar Fisher en Paykel Healthcare tuimelde 3.5 procent, OceanaGold William Booth 2.3 procent, New Zealand Refining verloren 2.1 procent en Fletcher Building glipte 0.2 procent.

Auckland International Airport, 's lands grootste gateway, rose 2.6 procent na berichten dat het opnemen internationale vraag naar reizen voor de week eindigend januari heeft ervaren 8. Aandelen van de nationale luchtvaartmaatschappij Air New Zealand toegevoegd 2.3 procent. Energie Mad verloren 21 procent na de energiezuinige gloeilamp innovator en marketeer,die haar aandelen in oktober genoteerd, verlaagde haar volledige jaar winstverwachting met tweederde, aanhalend productie en product-accreditatie vertragingen.

India's Sensex is grotendeels ongewijzigd vooruit RBI's monetaire beleid beoordeling morgen. Notwithstanding the demand to lower interest rates from India Inc and others, most analysts expect the central bank to refrain from cutting policy rates as manufacturing inflation still remains a concern.

Elders, the markets in China, Hong Kong, Zuid-Korea, Singapore, Malaysia and Taiwan are closed for the Lunar New Year’s Day holidays.

U.S. stocks turned in a relatively lackluster performance on Friday, as traders appeared reluctant to make any significant moves following mixed earnings news and solid data on existing home sales. The tech-heavy Nasdaq and the SP 500 ended narrowly mixed showing little change, while the Dow rose 0.8 procent.

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