Markets nervous as Spain and Italy bond yields rise
Government Bonds The Euro was trading heavily today as both Spanish and Italian sovereign debt forced it to lose the gains that it had made during the Asian market. Traders were particularly concerned about the rising bond yields of both countries which, have been exposed ...
Markets uncertain at the European outlook
Europe European growth forecasts were slashed on Thursday amongst increasingly uncertainty about the economic health of the forthcoming year. The figure was previously a modest 1.8% growth expectations coming from many analysts who believed that the majority ...
September Data Shows Signs Of A (Slowly) Improving US Economy
America As investors continue to wait to see if Europe can agree on a major boost to their rescue fund to backstop sovereign debt and the financial institutions that own it, news on the US economy has turned slightly more positive for September. In August, economic ...
China Sells Some US Debt
Asia It’s a marvellously pejorative term, isn’t it: American debt? However, in reality the funds in question, held by China, do not really imply a debt (as in this case: America owes China the money), rather it reflects the fact that the Chinese invested ...
Embers of Optimism Glow At Last
Europe You may ask yourself what, exactly, was the shortage or crisis that triggered the global financial crisis; war, pestilence, commodity crunch, natural disaster or the discovery that Elvis Presley is alive and well and working at a local chip shop? The ...
Update: EFSF Rises Phoenix-Like From Slovakian Ashes
Europe Just yesterday, we reported that the fate of the European Financial Stability Fund hung in the balance as the Slovakian Parliament voted not to ratify it. The coalition government had made passing EFSF a matter of a vote of confidence and, in the event, ...
Moody’s Sees UK Financial Sector As Riskier
Europe The ratings agencies are the bookmakers of the financial world. Their job is to make accurate, dispassionate appraisals of the risks associated with bond issues and the financial health (credit worthiness) of businesses. Latterly, they’ve been much ...
Sovereign debt fears may push the Euro lower
Forex News The Euro began the week under heavy pressure amongst an increasingly nervous and information-starved investment community before appearing to make a comeback mid-week against the USD. This rally was short lived as news from the ECB and re-ratings by Moodys ...
Bank of England Acts to Boost Growth
Europe The Bank of England, like most of the world’s central banks, has the remit to keep inflation in check and to provide conditions for economic growth. The Chairman of the Bank of England has described the on-going global financial crisis as the most severe ...
No news is positive news?
Forex News If knowledge is power then lack of it must be fear. This is the assumption of many economic writers who claim that the trickle of information surrounding the European sovereign debt crisis has magnified the reactions of investors tenfold. To a degree ...
