FOREXLEARNING

“Shock and awe” package lifts euro markets »

BRUSSELS (Reuters) – A $1 trillion global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.

The “shock and awe” rescue plan — the biggest since G20 leaders threw money at the global economy [...]

European Markets Snap 3-Day Loss- Euro Strengthens »

4/29/2010 05:30 am: EUR/$..1.3236 $/JPY..93.96 GBP/$..1.5220 $/CHF..1.0835 AUD/$..0.9264 $/CAD..1.0058
European Markets Snap 3-Day Loss- Euro Strengthens
Asia Pacific markets were mostly weaker across the board with Japan’s Nekkei 225 closed for holiday. US equities rebounded yesterday from the losses sustained on news of downgrades in sovereign credit ratings around Europe. Modest gains came on the heels of [...]

Greece readies austerity measures, markets steady »

ATHENS (Reuters) – Greece readied severe austerity measures Thursday to secure a multi-billion euro aid package needed to avoid default, providing relief to financial markets but drawing threats of a mighty battle from Greek unions.

A union official said the International Monetary Fund had asked debt-ladden Greece to raise sales taxes, scrap salary bonuses amounting to [...]

Germany, markets increase pressure on Greece »

ATHENS/LUXEMBOURG (Reuters) – Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.

Germany

Greece tried to reassure investors on Sunday that aid would arrive in time to avert the euro zone’s first sovereign [...]

The Goldman Sachs story dominated all financial markets since the news broke on Friday afternoon »

The Goldman Sachs story dominated all financial markets since the news broke on Friday afternoon. The ramifications for the currency markets meant that trader’s confidence was hit, which saw a move to currencies deemed ‘safer’. The Dollar Index is trading higher as people flee riskier, and lower yielding currencies. All eyes now [...]

Goldman charges rattle world markets »

NEW YORK (Reuters) – World stock markets dropped on Friday after U.S. regulators charged Goldman Sachs Group Inc. (GS.N) with fraud related to subprime mortgages, while the euro dropped on worries about Greece’s debt crisis.

Greece

The CBOE Volatility index .VIX jumped 15.54 percent as U.S. stocks ended the session down more than 1 percent in [...]

Leaders mull EU support tool, markets turn on Greece »

MADRID (Reuters) – Greece’s aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers.

Greece

Investors took a less rosy view, selling the euro and driving up Greek bond yields ahead [...]

Global investors cut stocks, emerging markets: poll »

LONDON (Reuters) – Investors cut back on equities and lifted exposure to bonds in March, signaling a degree of caution about coming months as world stocks headed for their fourth quarterly rise.

China

Reuters polls of 47 leading investment houses across the world also hauled back exposure to emerging market stocks, reflecting the sector’s recent underperformance, particularly [...]

U.S. Dollar mixed in markets »

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World markets mostly higher after US stocks gain (AP) »

were mostly higher Tuesday, helped by an overnight rise on
U.S. health care
measure.
Major markets gained by 1 percent or less, reversing course after declines the day before. The dollar was up modestly against the euro and the yen, while
held above $81.
Sentiment was buoyed by another advance on Wall Street, where investors [...]