WSJ Pre-Market Brief: Market tone: Stocks called higher; euro and pound surge against the dollar; Treasurys lower; Nymex crude up 46c at $98.80; gold up at $1,724.0. Overnight action: The EU has been unable to …
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FT Germany and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative creditwatch. The US rating agency …
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There you go. Givin’ a #^@* when it ain’t your turn to give a #^@*. – Bunk to McNulty – The Wire Over the past few months here at Risk Reversal we’ve been trying to …
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WSJ LONDON—European banks, increasingly concerned about their ability to access funding, are devising complex and potentially risky new deals that enable them to continue borrowing from the European Central Bank. The banks’ moves, which include …
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FT Eurozone bond markets suffered a mass sell-off on Tuesday as investor fears spread beyond Italy and Spain to triple A-rated France, Austria, Finland and the Netherlands. The premium that France and Austria pay over …
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Bespoke The S&P 500’s 22.86 point gain today put the index above the 1,230 key resistance level that it had been struggling to break above for the past few weeks. As shown below, the index now has …
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Here’s an update on upcoming events in the Eurozone mess, from Dow Jones: –Thursday, Sept. 29: The EU/ECB/IMF troika returns to Athens to continue assessing Greece’s progress in cutting its budget deficit. The talks are …
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WSJ Economics: 7:00 a.m. ET: MBA mortgage-applications data. Are low rates causing a stampede to the mortgage broker’s office? 8:30 a.m.: PPI for July. Economists think wholesale prices were UNCH after falling 0.4% in June. …
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WSJ Economics: 8:30 a.m. ET: Weekly jobless claims are due. Economists think claims stayed right at 400,000, where they were last week. Lack of imagination. 8:30 a.m.: International trade data for June are due. This …
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The S&P 500 futures are up 75bps as of 9 am, and more importantly up ~3% from their overnight lows…..Most European indices have rebounded off of their worst levels with the DAX still down 1% …
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