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EconMatters: The EUR/USD index edged up to 1.2533 on Wednesday, U.S. 4th of July holiday Wednesday in subdued markets ahead of the ECB rate decision to be announced on Thursday. As expected, ECB officials meeting in Frankfurt will cut benchmark Read more…
Dominique de Kevelioc de Bailleul: As Italian bank UniCredit hangs by a thread as the potential European version of a Lehman Brothers collapse, but many more times over, one has to wonder about the timing of other seemingly unrelated events in the Persian Gulf. Read more…
Kevin McElroy: Everyone knows that European countries (NYSE:VGK) are broke. And many of their banks are broke too. The European financial system is tied together in a multi-cord knot pulled taut between the European Central Bank (ECB), individual country banks and commercial banks in Read more…
Jared Cummans: 2011 was the year of the euro, but most investors are hoping for the opposite to be true this year. Rather than focusing on the issues overseas, investors would like to keep their minds occupied by the slew of encouraging data from recent U.S. reports. But for now, the euro zone remains Read more…
Stoyan Bojinov: Stocks bounced back higher on Wednesday as investors took the opportunity to scoop up beaten down securities on the cheap following Tuesday’s massive sell-off. With no news headlines from the Euro zone, trading was quite tame on Tuesday as investors turned to the FOMC decision on the Read more…
David Zeiler: Fresh evidence of Spain’s deepening economic crisis has revived fears about that nation’s ability to dig out of its sovereign debt problems, and illustrates why the Eurozone debt crisis is likely to drag on for years. Read more…
Frank E. Holmes: Right now, there are planes full of travelers heading to Las Vegas with dreams of striking it rich. These starry-eyed gamblers would greatly improve their odds by learning how to count cards. Read more…
Sy Harding: U.S. Treasury Secretary Geithner says the debt crisis in Europe (NYSE:VGK) is Europe’s problem, and Europe has the means to resolve it if its governments would stop squabbling among themselves and take action. That seems to be the opinion globally, including among eurozone countries themselves. Read more…
David Zeiler: The very austerity measures that Greece implemented to remedy its sovereign debt crisis have crippled its economy so badly the country is actually sinking deeper into the red, making default all but inevitable. Read more…
Richard Rittorno: The euro fell back from an overnight high of $1.3671 this morning and has been trading in tight trading range throughout the day as the fate of Greece remains a focus. Read more…
Stoyan Bojinov: Stocks climbed higher on Wednesday as investors cheered a better-than-expected ADP employment report along with optimism that Europe would recapitalize its banks. “These economic data points really point toward an environment that is slow growth and not a recession, yet we’ve priced in a recession Read more…
Stoyan Bojinov: Tuesday was a roller coaster of a day for the markets as investor sentiment fluctuated from fearful to optimistic, and everything in between, during the course of the trading day. Domestic equity indexes started the day in a hole thanks to ongoing worries about the health of the European banking sector Read more…
Tony Daltorio: Growing fears of renewed inflation, and uncertainties over the European (NYSE:VGK) debt crisis, are pushing down Brazilian stocks, making them among the worst performers in emerging markets. Read more…
David Zeiler: The United States should look at emerging markets for clues on how to sustain economic growth, according to U.S. Federal Reserve Chairman Ben S. Bernanke. Read more…
Sean Hyman: Believe it or not, there was a time when investors saw the euro as the savior currency of the world. Read more…
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