Category: News
Asia stocks drift, Shanghai ends at multi-year low Asia Markets
Shanghai fell to a fresh multi-year low, while losses for Samsung Electronics curb gains in South Korea. Japan sees modest gains.
Was Mario Draghi Not Clear Enough?
Harken back about a month ago, when the ECB Chairman Mario Draghi came out some bold comments about future action, including ‘We will not let the Euro fail’, and ‘We will do whatever possible to fix the problem – believe me, it will be enough’. I take this man at his word. Did Draghi have to come out with this ‘new’ language? That was rather risky, clearly speaking on behalf of the ECB and nobody else. But, if you look at his body language, his eyes and his stern look – you can just tell how serious he was. In a region ruled by consensus he seemed confident enough that he had all the support needed.
World stocks slide ahead of crucial Greek meetings
Investors await signs of progress in euro zone debt crisis; Japan exports fall…
European Stocks, Euro Drop; Greece, FOMC in Focus
GLOBAL MARKETS: European Stocks, Euro Drop; Greece, FOMC in FocusWall Street JournalEuropean stocks slid and the euro pulled back against the dollar Wednesday as investors consolidated recent gains, while upcoming meetings between Greece’s prime minister…
See on online.wsj.com
US Stock Futures Slip as Greece to Meet With Euro-Zone Leaders
US Stock Futures Slip as Greece to Meet With Euro-Zone LeadersWall Street JournalUS Stock Futures Slip as Greece to Meet With Euro-Zone…
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Fiscal cliff to improve debt outlook but cause recession
Fiscal cliff to improve debt outlook but cause recessionCNNMoneyAmong them, the expiration of the Bush tax cuts and the enactment of $1 trillion in automatic, across the board spending cuts that are being triggered because Congress…
Spanish and Italian Yields Fall Sharply on ECB Yield Cap Report
Our currencies experts Katie Martin and Tom Fairless indicate out that a extensive run of Bundesbank (Buba) headlines has only strike a wires. And, surprise, surprise, they don’t accurately vigilance a comfortable welcome for a thought of a ECB shopping bonds.
But these comments come from a monthly bulletin; they’re not a approach come-back during a Der Spiegel story that pennyless over a weekend suggesting that such skeleton are being considered.
Still, be in no doubt: this is not Buba’s favorite idea. It “remains vicious of ECB purchases of supervision bonds”.
Our co-worker Nick Cawley has dug a bit deeper. Here’s what he found:
Greece PM in crucial meetings as austerity measures bite
Greece PM in crucial meetings as austerity measures bite.
CNNLondon (CNN)
Greece’s survival within the eurozone is in the spotlight as the country’s prime minster begins a series of crucial meetings with European leaders….
See on edition.cnn.com
Euro Area Leaders Plan Shuttle Talks to Support Greece – Bloomberg
Euro Area Leaders Plan Shuttle Talks to Support GreeceBloomberg2, Draghi said any ECB bond-buying would work alongside euro-area bailout funds and only if countries applied for support and accepted strict conditions in return.
Copper falls on euro zone disappointment, China worry – Reuters
METALS-Copper falls on euro zone disappointment, China worry, house prices rise in July, inflation curbs seen
- Euro falls to session low, dollar recoups losses
- Copper open interest at multi-year lows …
