Italy Forced to Offer Premium to Sell Bonds
Italy managed to sell nearly 3 billion euros worth of government bonds but was forced to offer a hef...
IMF Calls on Italy to Curtail Spending
The International Monetary Fund (IMF) today urged Italy get on with its austerity measures to reduce...
Incoming ECB President Calls for “Certainty” in Face of Crisis
Mario Draghi who will assume the mantle of European Central Bank President later this year said toda...
EURO: Signs of Competence ahead of Bernanke
Positive Chinese and Japanese data surprise overnight is supporting the markets and trumps Moody's d...
UK Inflation Eases in June
The rate of inflation in the UK eased in June to an annualized rate of 4.2 percent. Analysts had pre...
EURO-Too Big to Fail or Too Big to Bail?
The massive contagion from the small periphery to the big bond markets of Italy and Spain has turned...
Debt Contagion Fears Spread to Italy
Stop me if you’ve heard this before, but Italian finance officials took great pains...
Time Running Down for US Debt Debate
President Barack Obama is dialing up the pressure on talks to approve an increase in the government'...
Attention Turns to Italy’s Debt Woes
Eurozone finance ministers are scheduled to meet in Brussels today to discuss growing concerns over ...
EURO Rot Intensifies
The market knows its in trouble when its rumored that the ECB is polling banks on the best way to ha...
Forex Week in Review July 3-8
Investors, traders and dealers have suffered from FX whiplash at some point this week. The market ha...
UK-Style Austerity Trap
The chanting may be louder and the protests more violent but like Greece, the UK is suffering throug...
Canada Adds 28k New Jobs
For the third straight month the Canadian economy gained new jobs with another 28,400 more added in ...
U.S. Employment Report Disappoints
This morning's Non-Farm Payroll showed only 18,000 new jobs were created in the month of June. This ...
NFP to play second fiddle to EURO crisis
What is NFP capable of bringing to the table? Better job news. Market consensus is around +100k with...
New Claims for US Unemployment Benefits Falls to 418k
The number of new claims for US unemployment benefits declined by a seasonally-adjusted 14,000 to 41...
ECB Raises Interest Rates; BofE Holds Line
The euro was boosted today by news that the European Central Bank (ECB) was lifting the benchmark in...
EUR Remains Vulnerable No Matter What
The dollar has consolidated ahead of the ECB rate announcement, with the market expecting the ECB to...
Portugal Downgraded to “Junk” Status
Bond rating service Moody's has downgraded Portugal's long-term debt to junk status. The news, coupl...
China Hikes Interest Rates to Fight Inflation
With consumer price inflation expanding at an annual rate of 5.5 percent the People's Bank of China ...