Market Analysis

MARKET OVERVIEW   2013-02-19 06:23 GMT Draghi: Exchange rate is not a policy target ECB head Mario Draghi visited the European Parliament on Monday to take part in two hearings before the Committee on Economic and Monetary Affairs, one on the central bank’s monetary policy and the second on systemic risk. He assured that the […]

MARKET OVERVIEW   2013-02-18 06:15 GMT G20 statement settles on generalities; approval to keep selling the Yen? The G20 weekend meeting and its final statement settled again on generalities, with key passages posing little risk to neither discredit nor criticize ongoing Japanese polices, where no specific mention was noticed. As Sean Callow, Westpac FX strategist,

MARKET OVERVIEW   2013-02-14 06:11 GMT The Real Threat from Spain's Corruption Scandal Investors worried about Spain’s political stability have been dumping their Spanish holdings and pushing up the country’s borrowing costs after the eruption late last week of a corruption scandal involving Prime Minister Mariano Rajoy. Until now, the government’s durability had been one

MARKET OVERVIEW   2013-02-13 06:11 GMT Obama addresses congress at the SOTU speech In the State of the Union speech, President Barack Obama addressed the Congress, with the main highlights found below. The text was obtained from Obama's prepared full text speech and released moments before he came on stage. Obama first emphasized that the

MARKET OVERVIEW   2013-02-12 06:11 GMT S&P keeps Ireland rating at BBB+; Outlook revised up to stable from negative The Standard and Poor's rating services has maintained its Ireland rating at BBB+ but has revised upward the Irish outlook from negative to stable on the back of promissory notes exchange. Earlier on the day, BUBA’s

MARKET OVERVIEW   2013-02-11 06:11 GMT EU leaders reach 7-year budget deal After more than 24 hours of negotiations, European Council President, Herman Van Rompuy, announced Friday that the 27 members of the European Union have reached agreement on the EU budget framework for the next seven years. Van Rompuy's plan proposed to limit new

MARKET OVERVIEW   2013-02-07 06:11 GMT Euro bloc faces acute challenges from rival central banks Much is at stake in the Eurozone should the fabled 'currency war' be ultimately waged as the price will be paid in both growth and jobs amidst fresh tensions about the future of the bloc itself. Few would doubt the

MARKET OVERVIEW   2013-02-06 06:11 GMT Hollande: The Eurozone crisis is now largely behind us Eurozone political group leaders, together with French President François Hollande and European Commission President José Manuel Barroso gathered at the European Parliament in Strasbourg on Tuesday to discuss the future of the European Union and the Eurozone, the economic crisis

MARKET OVERVIEW   2013-02-04 04:08 GMT Spanish PM faces calls to resign; scandal to destabilize Europe's calm waters? Spanish Prime Minister Mariano Rajoy continues to face growing criticism after the scandal which hit his party earlier last week, in which allegations were made about illegal payments received by himself and what appear to be a