Tag Archive
Euro, stocks firm on easing global growth concerns
Asian shares and the euro gained on Thursday as global manufacturing data soothed fears about global economies deteriorating on the back of the ongoing euro zone debt crisis, while falling European debt yields also improved sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan edg… read full news Published: Thu, 02 Feb 2012… »
Euro, shares weaken as debt worries return
The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region’s largest economy. German business sentiment rose for the third month in a row in January, beating expectations and offering furt… read full news Published: Wed, 25 Jan… »
Italy’s Social Democrat Leader Wants Out Of EU, Euro
The leader of Italy’s Social Democrat party said Wednesday the country should leave the European Union and abandon the euro. “We don’t think we’re still really a part of Europe” as Rome has little influence in the organization, Renato d’Andria told Dow Jones Newswires in an interview. “So we shou… read full news Published: Wed,… »
ICAP testing trades in Greek drachma against dollar, euro
ICAP Plc is preparing its electronic trading platforms for Greece’s potential exit from the euro and a return to the drachma, senior executives at the inter-dealer broker said Sunday. ICAP is the latest firm to disclose such preparations, joining the growing ranks of banks, governments and other … read full news Published: Mon, 28 Nov… »
Euro, Stocks Soar On FT Report EU “Looks To Swift Recap” Of European Banks
And right on cue, just like 2 weeks ago when the FT “broke” the news that China was about to bailout Europe (all over again), here they come again, reporting that the EU is “looking to swift recapitalzation of 16 banks.” From the FT: :European officials look set to speed up plans to recapitalise… read… »
Euro, bank stocks hit by Greek default fears
Mounting fears over the possibility of an imminent Greek debt default and further signs of division within Europe’s policymaking circles over how to deal with the country’s crippling debt crisis combined Monday to send the euro down to seven month lows against the dollar and bank stocks plunging. … read full news Published: Mon, 12… »
Euro, dollar could rally further vs Swiss franc
The euro and dollar looked to extend gains against the Swiss franc in the upcoming week as investors remained cautious about potential Swiss National Bank action to slow the pace of the franc’s rise. Both the euro and dollar have racked up gains of roughly seven percent the last two sessions. On … read full… »
Euro, Franc and Aussie Eye Next Key Barriers; In-House Indicator Fascinates
There was no help for the USD from its central bank on Wednesday, with the Fed coming out with an even more dovish monetary policy statement than the markets had been anticipating. Overall the language in the statement was the same, with the key change coming from a scaled back outlook on the recovery in… »
The Euro Strikes Back – US-FOREX.US
The euro-zone has hit back at the dollar’s recent gains with the out-of-left-field announcement that its economy barely contracted between April and June.On Thursday the 16-member euro zone reported its gross domestic product fell by only 0.1% during the second quarter, a significant improvement from the 2.5% drop it recorded in the first. The news… »
Euro Losing Friends – US-FOREX.US
The Euro is losing its friends, said Andrew Wilkinson, a senior market analyst at Interactive Brokers Group, and could fall as low as 1.33 by the end of the summer.The argument for the euro has centered on the Eurozone’s tempered measures in stimulating its economy, at least compared Britain and the United States. Many on… »