Greece's government is very much alone politically, with promises to roll back austerity facing an unexpectedly unified European opposition. The NYT reports.» Read More
Federal Reserve Chairman Ben Bernanke is unlikely to drop a bombshell in the markets like his counterpart at the European Central Bank did when he pre-announced a rate rise, ING chief international economist Rob Carnell wrote in a market note.
Traders went home Friday thinking about Japan's tragic earthquake and tsunami, more possible unrest in the Middle East, and Europe's sovereign debt problems.
European shares look set for a lower open on Friday ahead of Saudi Arabia's "Day of Rage" and the European Union Summit in Brussels.
Last week the press conference of European Central Bank President Jean-Claude Trichet has left very little room for interpretation. It is now clear that a rate hike is highly likely at the April meeting. Why are they hiking?
Euro traders are glum ahead of the EU summit, and rate cuts sting in New Zealand. It's time for your FX Fix.
The market's bull run is not over and stocks will be higher at the end of the year, according to Bob Parker, Senior Advisor at Credit Suisse.
European futures fell further on Thursday after Moody's announced that it had downgraded Spain's sovereign debt by one notch to Aa2 with a negative outlook.
Local residents in a small town north of Athens, angry at losing their exemption from paying tolls for using a 500m stretch of motorway, raised a banner saying “Den Plirono” (“I won’t pay”). In four months, Den Plirono has grown to a nationwide anti-austerity movement, reports the Financial Times.
New rules capital requirement for banks in Spain come into force on Thursday and Spain's vulnerable savings banks are looking around for any extra cash.
One thing anyone with a high public profile and responsibility for delivering policy needs to remember is that if you don't want to unwittingly stick your foot in it, the best policy surely is to keep you mouth tightly shut.
Currency traders eager for an interest rate hike by the European Central Bank have large long euro positions. Here's a trade to take the other side.
The euro is up on rumors of possible central-bank buys, and the Swiss franc and British pound are up on actual news. It's time for your FX Fix.
Key parts of a stress test for European banks designed to raise investor confidence in the sector have been softened by regulators despite widespread derision of a similar exercise last year, which was seen by financial markets as too lax, reports the Financial Times.
European shares look set to open slightly lower Wednesday as on mixed Asian markets and lower oil.
The moment of truth for Europe's sovereign debt crisis may be far closer than investors think.
After trading higher for days, the euro is giving up ground. Instead of focusing on potential interest rate hikes, traders are looking ahead to the upcoming European leaders' meeting and the stubborn sovereign debt crisis. Euro fatigue, anyone?
What a difference a day makes: The dollar is not in freefall for a change, and the euro is slipping. It's time for your daily FX Fix.
European stocks are set to buck the recent trend of losses, at least for the start of trading, and open higher Tuesday on lower oil and mixed markets in Asia.
One month after Bundesbank president Axel Weber announced he was stepping down, saying goodbye to his chances of running the European Central Bank, many in the markets miss him already.
The West is poorly positioned to handle this latest oil price scare. The buffers which typically limit downside economic risks are no longer working.