Spain’s long-term government debt rating is stable for now, says ratings firm S&P, so long as the government doesn’t increase the country’s bank bailout, reports the Wall Street Journal. Struggling Bankia—the country’s third largest lender—was rescued in late May, with an infusion of $23.78 billion, or €19 billion. And while Prime Minister Mariano Rajoy said […]
German and Italian leaders have issued a new pledge to protect the Eurozone, with the Eurogroup chairman saying officials have no time to lose when it comes deciding what measures are required. European leaders promise they’ll do everything possible to save the 17-nation Euro. On Thursday, investors will be paying close attention to the monthly […]
With the Olympics in full swing, it’ll be nice to watch something positive come out of Europe for once.
There were few strong economic reports last week. Perhaps the most impressive print was the U.S. Initial Jobless Claims, which fell to 350,000, but the bounce from this data was tepid at best.
Coffers around the world are running dry, so governments must dramatically scale back social programs – unless they increase their tax bases.
Volatility today means a recovery tomorrow. While the impact of Europe’s woes is substantial now, investors may want to keep an eye on this market for signs of recovery and opportunity.
Market reactions can be unpredictable. There are times markets rally on the worst of news. At other times, what seems like good news is interpreted as problematic, causing markets to slump.
Last week’s European Council Summit surpassed the low expectations of investors.
The European Union will move toward a Euro-wide bank supervisor, meaning the European Stability Mechanism will be able to recapitalize banks directly.
Yesterday, Mark Carney spoke about the state of the global economy in Halifax for the Atlantic Institute for Market Studies (AIMS).