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By Phil Flynn |
June 11, 2012
Once again oil is following and the new the economic law of “bailouts are bullish” is inspiring the oil market. While no one believes that this is the end of the problems, it does give oil a reason to bounce.
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By Cordell Eddings and Susanne Walker, Bloomberg |
June 9, 2012
Treasury yields had the biggest weekly increase in almost three months as bets European leaders may make progress stemming their debt crisis damped haven demand.
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By Lucy Meakin and Kristine Aquino, Bloomberg |
June 4, 2012
The euro was within two cents of its weakest level versus the dollar in almost two years on speculation Europe’s leaders will struggle to agree on how to resolve the sovereign debt crisis, harming global growth.
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By Mark Shenk, Bloomberg |
May 30, 2012
Oil tumbled to a seven-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.
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By James G. Neuger, Bloomberg |
May 30, 2012
The European Commission called for direct euro-area aid for troubled banks, and touted a Europe- wide deposit-guarantee system and common bond issuance as antidotes to the debt crisis now threatening to overwhelm Spain.
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By Catarina Saraiva and Lucy Meakin, Bloomberg |
May 30, 2012
The euro fell to the lowest in almost two years against the dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies.
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By Stephen Kirkland and Rita Nazareth, Bloomberg |
May 29, 2012
U.S. stocks rose, adding to last week’s rally, amid speculation Greece will stay in the euro after polls showed voters supporting politicians who back the nation’s bailout. Commodities erased earlier gains while Treasuries advanced.
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By Simon Kennedy, Bloomberg |
May 3, 2012
Europe’s shifting emphasis from enforcing austerity to seeking economic growth marks a hollow victory for Nobel laureate Paul Krugman.
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By Cordell Eddings and Cheyenne Hopkins, Bloomberg |
April 27, 2012
Spain’s sovereign credit rating was cut for the second time this year by Standard & Poor’s on concern that the country will have to provide further fiscal support to banks as the economy contracts.
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By Emma Ross-Thomas and Manuel Baigorri, Bloomberg |
April 21, 2012
Spain is trying to restore investor confidence in its banking system amid an E.U. decision that the country doesn’t need help in recapitalizing its banks or rescue funds.
