Category Archives: Euro

Euro

Greece Agrees To Bailout –

Greek leaders agreed to terms for a second bailout of approximately $172 billion dollars.  The Greek parliament stills need to ratify the agreement as well as major reductions in spending.  European Union finance ministers would than have to provide final approval for … Continue reading

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Euro Trades Lower –

The European debt crisis has forced the Euro lower in trading over the last few months.  Recent weeks have shown a steeper decline as recessionary concerns mounted and the debt crisis remained unresolved.  The Euro fell below $1.27 in Friday trading before … Continue reading

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Fitch May Downgrade France –

Fitch Ratings indicated that they may downgrade the sovereign debt of seven European nations.  France is one of the European nations facing a downgrade from Fitch.  The six other nations are Belgium, Cyprus, Ireland, Italy, Slovenia, and Spain. To read a related … Continue reading

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Bernanke Meets With Republican Senators –

On Wednesday, Federal Reserve Chairman Ben Bernanke met with Republican Senators to discuss the European Union sovereign debt crisis.  According to GOP Senators, Bernanke indicated that the European debt crisis could significantly impact the American economy.  The Euro fell below $1.30 in … Continue reading

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Euro Trades Lower –

 The Euro fell on news that Moody’s is considering a downgrade of European Union sovereign debt.  The inability to end the debt crisis is one factor in the Moody’s decision.  In currency trading, the Euro fell to $1.3184 which is the lowest mark … Continue reading

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Eurozone Leaders Reach Agreement –

European leaders reached an agreement on centralized fiscal policy.  The agreement is supported by all 17 euro zone countries as well as the 9 countries seeking to join the union.  England did not approve the fiscal plan.  Stock markets reacted positively … Continue reading

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Asia Markets Fall; Gold Rises –

Stock markets across Asia fell with Japan’s Nikkei dropping 1.6% and Korea’s Kospi Composite falling 1.9%.  New Zealand and Australian markets were also lower in trading.  European debt crisis concerns were the driving force in the markets.  The Euro fell to $1.3345 … Continue reading

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Data Sends Crude Oil Lower –

European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower.  Crude oil settled at slightly higher than $100 dollars a barrel on Thursday.  This is the first time since February 2009 that Chinese manufacturing has … Continue reading

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Euro Falls On Debt Yields –

Yields for European sovereign debt continue to drive the Euro lower in trading.  The Euro fell against most major currencies and settled at $1.3525.  In trading against the Yen, the Euro fell to 104 Yen and had the biggest weekly drop since late … Continue reading

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Oil Climbs Over $100 –

Oil climbed over $100 a barrel in early trading on Wednesday for the first time since July 26th.  Oil has risen on positive economic figures such as industrial production and October retail sales.  However, the strength of the Dollar may … Continue reading

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Fed Economists: Europe Could Trigger Recession –

A paper released by the Federal Reserve Bank of San Francisco indicates that the crisis in Europe could trigger a 2012 recession in America.  According to the paper, the chances of a recession in the first six months of 2012 … Continue reading

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Smaller Euro Zone –

The Euro zone debt crisis continues to spread and yields on Italian debt broke the 7% mark today.  As a result, the Dow Jones Industrial Average fell almost 400 points in trading on Wednesday.  Speculation of a smaller Euro zone with deeper … Continue reading

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Italian Bonds Force Stock Futures Lower –

Stock futures are lower as traders focus on Italian bonds.  Bond yields for Italian debt have climbed and Berlusconi may step down as Prime Minister.   The 10 year Italian government bond yield rose to 6.58%.  The Dow Jones Industrial Average closed at almost … Continue reading

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Economic News Sends Gold Higher –

Gold broke the $1,760 an ounce mark in trading this week.  The precious metal rose on the possibility of slower domestic economic growth and another round of monetary stimulus.  Recently, Federal Reserve Chairman Ben Bernanke indicated that additional monetary stimulus may be … Continue reading

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Greek Referendum Sends Stocks Lower –

The Dow Jones started to rebound after falling more than 300 points.  Stocks fell after Greek Prime Minister George Papandreou called for a referendum on the European Union bailout plan.  Currently, the Dow Jones is down slighlty less than 200 points in afternoon trading. To … Continue reading

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