The question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...» Read More
European stocks were indicated to open slightly higher on Wednesday, following positive but muted trade in Asia.
The euro has been trading as if there is no such thing as a sovereign debt crisis, and that decoupling is overdone, this strategist says.
Guy Monson, a fund manager at Sarasin, has called the two-year rally in stocks and stayed true to his bullish views despite the wall of worry.
European stocks were indicated to open slightly lower on Tuesday, following lackluster trade in both Asia and the U.S.
With conflicting statements from several FOMC members last week, all eyes are on the Federal Reserve's actions this week for a clue to the dollar's direction.
With his Socialist Party facing a double-digit deficit in opinion polls, Prime Minister José Luis Rodríguez Zapatero is gambling that his decision not to seek a third term will bolster his party’s chances to retain power. The New York Times reports.
The ECB is this week expected to lift rates by 25 basis points in a bid to reign in inflation despite ongoing fears over the financial health of Portugal, Ireland and Greece.
European shares were set to dip on Monday, consolidating after hitting three-week highs in the previous session, with weak copper prices likely to put pressure on heavyweight mining stocks.
It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived, what will the move actually mean for the euro zone and the global economy?
European stocks were indicated to open higher on Friday, the first day of the second quarter, with investors eagerly awaiting the U.S. non-farm payroll numbers for March.
The Bank of Spain has ordered the four savings banks or cajas that had been poised jointly to form the new Banco Base to provide details “immediately” of their plans following the collapse of the merger on Wednesday evening, the Financial Times reports.
European stocks were indicated to open flat on Thursday after ending the previous day at a three-week high, with investors watching for the results of Irish bank stress tests, due to be released later in the day.
David Cameron is to write to European Union leaders urging them to adopt a British plan for growth, at a time when some officials fear he is in danger of being sidelined in a two-speed Europe, the Financial Times reports.
On March 18th, I put out a recommendation for a US dollar against Japanese yen trade and the reasons for it. Now that the yen has weakened, here's your next move.
The President delivered an excellent speech Monday night on the situation in Libya. He covered the reasons, thoughts, negotiations with allies etc. that explained very well why he took the action he did. You actually didn't need to watch the speech. You don't even have to read the transcript today. All you have to do is look at where the story is positioned in the papers to see how good it was.
European stocks are set to open higher on Wednesday, despite ratings downgrades for Portugal and Greece.
Perhaps we were wrong to cite the CBOE's VIX contract as a good indicator of market volatility? Recent events, including on-going military action in Libya and the Portugal sovereign debt crisis, would have suggested that the market should sell off on greater uncertainty, and yet the VIX fell from 29 last week to 17 today. Are investors becoming more sanguine about these issues?
Will the euro zone survive its crisis? That was the question I raised three weeks ago. My answer was: yes. My argument was that economic self-interest and political will would combine to preserve the common currency, in spite of the difficulties, Martin Wolf from the Financial Times writes.
What do you do when the ugly get uglier and you are looking for a profit in the currency markets?
Like stocks, the euro has so far this year shrugged off the so-called wall of worry. Concerns that the likes of Greece, Ireland or Portugal could default have not led to euro losses.