Reuters The European Central Bank agreed a new bond-buying program on Thursday to lower struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop”, ECB President Mario Draghi said on Thursday. …
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With AAPL back to making new highs on a daily basis, the options market is once again being dominated by this behemoth. Of 10 of the most traded option strikes yesterday, 7 were AAPL call …
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Calculated Risk The Chicago Fed released the national activity index (a composite index of other indicators): Index shows economic activity increased in July Led by improvements in production-related indicators, the Chicago Fed National Activity Index …
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Reuters Stock indexes edged lower on Friday, after enjoying its biggest gain in two weeks Thursday, ahead of reports on consumer mindset and a gauge of leading economic indicators. Investors awaited the Thomson Reuters/University of …
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An active morning so far. ECB head Mario Draghi made comments about the willingness and ability of the ECB to act, causing full risk-on from 6:15 am to 7:15 am. After Asia closed mixed, and …
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Marketwatch Wall Street headed for a sharply lower start Monday, set to follow a global equity rout as fears of a full-fledged Spanish bailout and a Greek exit from the euro returned to the spotlight. …
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WSJ The euro fell sharply Friday, dropping back below the key $1.22 level after Spain lowered its growth forecasts for 2013 and 2014, even as euro-zone finance ministers formally adopted Madrid’s bank bailout plan. The …
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WSJ Investors were handed a harsh dose of reality yesterday. Stocks plunged as the realization set in that Fed Chairman Ben Bernake won’t be firing the QE3 bazooka anytime soon. That led traders to actually …
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Bloomberg The Federal Reserve will probably decide today to expand Operation Twist beyond $400 billion to spur growth and buy protection against a deeper crisis in Europe, according to a Bloomberg News survey of economists. …
Continue readingFT Luis de Guindos, Spain’s economy minister, said on Saturday that “the government of Spain declares its intention to request European financing” for its banking system. That announcement followed an emergency 2½-hour conference call between …
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