Thomas Harr, head of FX and commodities research at Danske Bank, explains why the European Central Bank might extend its QE program.» Read More
A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.
The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
A mystery is brewing at the European Central Bank, and China is getting some indirect heat. Here's your FXFix for Friday.
Demand for emergency loans from the European Central Bank has stayed at unusually high levels for a second day in a row. The FT reports.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
The woes of WestLB, which has received $11 billion in taxpayer support since 2009, are symptomatic of a larger problem in the German economy. Many of its biggest banks are still on government life support after making bad lending bets during the bubble years. The New York Times reports.
Insight on whether now is a good time to buy munis, with Kyle Bass, Hayman Capital Partners managing partner.
The dollar delivers, and the pound takes a pounding. Here's your daily wrap of news getting attention in currency circles.
"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
European shares were set to edge up Wednesday on optimism for European companies' health as the latest raft of results is released.
European shares are expected to open higher on Tuesday, extending the previous session's 29-month closing high.
Europe gets messier, and the Chinese are (finally) buying someone else's stuff—Here's your FX Fix.
Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run. The FT reports.
Egyptian President Hosni Mubarak's stepping down has kicked off a massive celebration in Egypt, but the unrest there sure isn't helping the euro.
...and new claims of abuse in the trading world—it's time for your FX Fix.
An interesting take on why Germany central banker Axel Weber appears to have taken himself out of the competition.
Tracking the ups and downs of the euro debate is a little wearying. Policy decisions are postponed, inflation hawks suddenly turn dovish, Germany sends conflicting signals on helping (or not helping) weaker neighbors…you get the picture.
...and jitters are spreading—it's time for your FX Fix.