Market Analysis

2013-03-27 06:24 GMT European Parliament considers bailing-in large depositors The euro dropped in the European afternoon on information from Reuters that the European Parliament would be inclined to bail-in big savers, who hold deposits of over 100,000 euros at distressed banks. MEP Gunnar Hokmark, who is taking part in creating a new law aimed at […]

2013-03-26 06:19 GMT Cypriot central bank to meet tonight on capital controls In an effort to avoid the money's outflow, the Cypriot central bank will meet tonight in an extraordinary session to introduce capital restrictions according to the Cyprus' president Anastasiades. The president also said, in a recent speech, the capital controls will be a

Eurogroup reaches agreement with Cypriot authorities Already finished Eurogroup and FMI press conference, attending IMF chief Christine Lagarde, Eurogroup Chairman Jeroen Dijsselbloem, EU's commissioner for economic affairs Olli Rehn, European Central Bank (ECB) board member Jorg Asmussen, and ESM managing director Klaus Regling, the Eurogroup has reached an agreement with the Cypriot authorities “on the

  Cypriot levy rejected, European leaders weigh in Cyprus’s parliament rejected an unprecedented levy on bank deposits, rendering a blow to European plans of coercing depositors to shoulder part of the country’s rescue in a standoff that risks renewed tumult in the euro area. Cypriot legislators in Nicosia voted 36 against to none in favor

2013-03-19 06:30 GMT Will Cyprus Bailout Set Tone for Trading this Week? The sharp sell-off in currencies and European equities overnight indicate that investors are shocked by Cyprus' bailout news as they should be since this would be the first time in Eurozone history that depositors have taken a loss. The EUR/USD may have rebounded

MARKET OVERVIEW   2013-02-28 06:30 GMT Moody's: Euro zone debt markets vulnerable to further shocks Moody’s rating agency continues to warn Euro area countries that debt markets in the region remain vulnerable to further shocks to investor confidence. Find below the main quotes from the official communique: "Market volatility in recent days proves that the

MARKET OVERVIEW   2013-02-27 06:23 GMT Europe concerned with Italian election outcome The post election stalemate in Italy, where no political group secured a clear majority in parliament, is causing concerns among European officials and a stir in the markets. Italian FTSE MIB fell by 4.60% on Tuesday while the yield on the country’s benchmark

MARKET OVERVIEW   13-02-26 06:36 GMT Italians lead the country to ungovernability Italians are leading the country to the ungovernability, and after a neck-to-neck battle to take control over the lower house between the center-left Bersani's party and Mr. Grillo's five star movement, with the first claiming a marginal victory, the big problem now lies

MARKET OVERVIEW   2013-02-25 06:36 GMT Italy at the crossroads ahead of weekend elections On 24 and 25 February Italy heads to the polls to vote in the general election, called two months before of the end of the statutory five-year term. The outcome is rather uncertain as many voters remain undecided as to who

MARKET OVERVIEW   2013-02-21 06:15 GMT FOMC Minutes: Some Fed officials consider eventual QE pullback Minutes of the Fed's January policy meeting showed several officials think the bank should be prepared to vary the pace of its asset purchases, depending on how the economy performs and its analysis of the costs and benefits of the