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*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
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Gold prices are soaring because of growing inflation fears—both the European Central Bank and the Federal Reserve seem to be on the path to permanently easy money with the Greek bailout and huge U.S. budget deficits.
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The Queen was made to hang around for 5 days this week while her elected representatives attempted to form Britain’s next government.
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The only thing missing from the weekend’s $1 trillion rescue package for Europe is a good acronym, Timothy Scala, a macro strategist at hedge fund Sophis Investments told CNBC.com Wednesday.
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Stocks swung between gains and losses but ultimately both the Dow and S&P 500 closed in negative territory. However we do have a big winner to tell you about!
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Last week’s sharp drops and heightened volatility were due in part to the severe debt crisis in Greece and, more specifically, growing fears that other European nations are at risk — especially Spain, Portugal, Italy and Ireland.
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Economic uncertainty may not be the only factor driving gold. Another catalyst may have a much more enduring impact!
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The UK election just got a lot more interesting in a big negative way for the British pound.
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What the European leaders really meant to do with their big-bang, trillion-dollar sovereign-debt rescue was to save the euro currency, not to bury it. But with the cave in by European Central Bank head Jean-Claude Trichet (formerly a hard-money man and closet gold watcher) to use the "nuclear option" to buy up dubious sovereign debt, the euro is likely to keep depreciating.
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If the support package put smiles back on the faces of the politicians, it did little to lift the mood of the business people gathered at the WEF meeting in Brussels.
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Monday’s market euphoria across the world at the terms of the European Union/International Monetary Fund rescue package for the European bond market faded Tuesday as investors sold stocks and took profits on the euro. The worry for investors is whether governments in Greece and Portugal can live up to their end of the bargain and manage to significantly cut government spending in the face of bitter opposition from voters.
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The size of the rescue package agreed at the weekend by European Union countries and the IMF is likely to cover the borrowing needs of vulnerable euro zone countries, according to famous economist Nouriel Roubini.
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Will yet another bailout breathe new life into the global bull? The Fast Money traders have their doubts.
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The unprecedented action by European politicians and bankers has led to a massive sigh of relief from investors, because the ECB is promising to buy European government debt—in the open market—for the first time ever.
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Recall that many global markets and several sectors hit highs in April - before accumulating losses through Friday's trading.
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Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday
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Twenty-seven European nations and the IMF agreed to a mammoth E750 billion plan to stabilize the financial markets.
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With Europe giving the greenlight to a $1 trillion emergency rescue package, has the bull been given the all clear? Will stocks resume their climb higher?
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The expected surge in share prices this morning is accompanied by sighs of relief and breathless anticipation of new highs. THIS IS NOT RESILIENCE! This is the effect of a trillion dollar injection. It represents new debt and commitments to support governments that have not lived within their means.