*Japan CPI as expected, muted reaction from dollar/yen. LONDON, July 25- The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment heading in to the end of the U.S. currency's strongest week since March.» Read More
This may well be the coolest graphic I've ever seen.
Friday's market should feel the positive afterglow from Intel's strong earnings report Thursday, though the day could be decided by JPMorgan Chase's fourth quarter results and a batch of important economic data.
Jean-Claude Trichet’s hawkish comments on inflationary pressures and the resultant jump in the euro following Thursday’s European Central Bank's press conference talk has turned attention back to central bank exit strategies, an economist said Friday.
European stocks were set to dip Friday, tracking losses on Wall Street and in Tokyo, with heavyweight resource-related shares feeling the pinch of lower commodity prices.
The Illinois House of Representatives passed a bill that raises the state income tax from a maximum rate of 3% to 5%. They also raised the corporate income tax...As painful as they are, we are in the position of having no choice and yet, these tax increases will not raise the expected amounts.
Spain's banking sector does not need more government support and the country will not need a bailout from the European Union, finance minister Elena Salgado told CNBC Thursday.
Swiss policymakers will hold an emergency meeting with key business groups, labor unions and representatives from the machinery, tourism and pharmaceutical sectors to discuss the Swiss franc's damaging impact on the Alpine country's economy Friday.
A lack of action on the US fiscal position could lead to a "buyers strike," according to Bob Parker, a special advisor to Credit Suisse.
European shares were seen mixed on Thursday, as investors take a breather after a brisk two-day rally, bracing for further debt auctions in the euro zone as well as interest rate decisions.
U.S. economic reports should dominate early trading Thursday, unless the European debt crisis bubbles up again.
So, Portugal sold 1.2 billion euros of debt ($1.61 billion). Big deal. What does that prove? Surely in the context of sovereign debt, the amount is tiny. Moreover, Lisbon won't tell us who bought the paper.
The early morning hoopla Tuesday was that Japan had pledged to support the Eurozone in its continuing fight against the ill winds of threatened illiquidity by buying bonds. Probably bonds issued by the Financial Stability thing that has been set up by the European central bank.
Over three years of financial crisis have "drained the word’s capacity" to deal with further shocks according to the World Economic Forum’s closely-watched Global Risks Report.
Spain is different than other euro zone periphery countries as its fiscal position is strong, Matias Rodriguez Inciarte, vice chairman of bank Santander, told CNBC Wednesday in an interview.
European shares were set to open flat to lower on Wednesday as caution over the euro zone debt crisis prevailed ahead of a closely-watched Portuguese bond auction.
The economic turmoil that roiled Europe last year resulted in big profits for some major U.S. hedge funds as traders bet correctly on dips in the euro, falling bond yields at home, and other global events.
Today, Japanese Finance Minister Noda said that Japan would use its existing euro foreign exchange reserves to buy a large portion of the bonds issued by the European Financial Stability Fund.
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Greek Finance Minister George Papanconstantinou sought to reassure investors over the country’s debt burden on Tuesday, saying spreads between Greek and German bonds were high because of broader market turbulence rather than real threat of default.
European shares were set to rise on Tuesday, after Wall Street finished off lows, and Alcoa kicked off earnings season by beating forecasts.