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By Phil Flynn |
May 15, 2013
Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession.
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By Jim Brunsden and Rebecca Christie, Bloomberg |
May 14, 2013
The European Central Bank clashed with Germany over how the European Union will handle struggling banks and whether to create a common agency and fund to manage failures.
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By Craig Stirling, Bloomberg |
May 14, 2013
Greece won an upgrade by one level from Fitch Ratings, which cited the country’s progress in rebalancing the economy and bringing its deficits under control.
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By Stefan Riecher, Bloomberg |
May 13, 2013
Euro-area data this week will probably reveal economic scars of the sovereign debt crisis confirming that the region is now suffering the longest recession since the single currency’s creation.
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By Jennifer Ryan and Ian Katz, Bloomberg |
May 10, 2013
U.S. Treasury Secretary Jacob J. Lew said European policy makers are still falling short in efforts to revive their economy, intensifying pressure on them to further ease their budget-cutting.
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By Justin Pugsley |
May 9, 2013
There are growing signs that the Eurozone might be shifting away from its program of austerity. If that does prove to be the case, it is likely to be very supportive for risk currencies generally and risk assets such as commodities and equities.
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By Roxana Zega and Joao Lima, Bloomberg |
May 7, 2013
Portugal is selling 10-year bonds for the first time in more than two years as it seeks to regain full access to debt markets following its 2011 bailout.
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By Debarati Roy, Bloomberg |
May 7, 2013
Gold fell after Dutch Finance Minister Jeroen Dijsselbloem discussed details for the European banking union project, adding to signs that the regions’s leaders will act to contain its fiscal crisis and eroding demand for haven assets.
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By Lucy Meakin, Bloomberg |
May 7, 2013
The euro strengthened against the dollar and yen after German factory orders unexpectedly increased in March, suggesting the region’s largest economy is starting to grow again.
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By Anthony Lazzara |
May 6, 2013
The Euro currency has been in somewhat of a trading range as of late, but we believe the market is vulnerable to a move to the downside, as the ECB is being very dovish.
