Markets remained Vulnerable to headlines with the latest victim of the rumor mill being Frenchtown yields. Yield of France’s 10-year bonds surged to highs of Nearly third 48% amid rumors of a rating downgrade. The Also weighed on the common currency but only Briefly as S & P Confirmed That France’s credit rating remained
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U.S. Dollar Trading (USD) Stocks crashed around in Europe as Italian bond yields broke above the key 7% level and late panic throughout the Market. U.S. Stocks Opened down over 200 points and Continued to cases finally ending over 3% down. The European debt crisis speed limits a serious turn
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On Friday Euro / Dollar decreased with 160 pips on Continuing Greece and Italy debt woes. The European currency depreciated from the first 3842 to 1. 3680 yesterday, not matching the positive Interbank sentiment projection at over +4%, closing the day at first 3772nd This morning the Euro is trading Quietly, with movements Within yesterday’s range ;
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AUD / USD speed soared after the EU summit debt markets provided with some relief, That the EU was getting ITS house in order. AUD speed outpaced All other G-10 Currencies in ITS gains Against the U.S. dollar, climbing above 3% and effectively retracing 100% of the decline from the Sept. 1 1. 0765
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A Return to the stimulus from the ECB and the Bank of England Reflected the growing concern of policy makers over the outlook for global and domestic economies. A positive Financial Market Reaction Followed The New Central Bank Measures. However, this boosted a risk on trend That HAD started at the beginning of the
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Uncertainty remained elevated and markets were on edge as debt problems on Both Sides of the Atlantic Dominated headlines. Safe havens Such as the JPY, CHF, and gold were Beneficiaries amide Market Jitters. The Swiss franc reached new record highs Gaining over 4% this week Against the Greenback and roughly
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The European Debt Crisis And The U.S. debt ceiling Debate Have Dominated headlines and market-driven action in recent weeks, but we think the real story unfolding Is that of slowing growth in major economies. Just in the past week, the Eurozone ZEW survey, Eurozone consumer confidence, and Euro Zone composite
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This week is " serial event risk " week, with the ECOFIN Council Meeting on Wednesday, the EU Council Meeting on Thursday and hadeeth the July 22 self-imposed deadline for Dealing With The U.S. debt ceiling. On top of this We Have the usual agenda of second-quarter earnings, policy speeches (Federal Reserve Chairman Ben
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Scattered confidence and a Bleak outlook is the prevailing sentiment in the summer of this year, and investors, Business and Consumers are all stuck in the Sami sinking boat with policy makers and leaders Still Trying to unload a cracked boat from Waters That sink on Greek agony !
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U.S. Congressional leaders and the White House Appear far from Reaching any kind of comprehensive ‘ grand bargain ‘to cut the U.S. deficit and raise the government’s debt ceiling. Talks are Ongoing, but the Rhetoric on Both Sides Seams to Be deteriorating, suggesting That Compromise May Be Falling out of reach.
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