Market Analysis

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

MARKET OVERVIEW   2013-02-01 06:15 GMT Monti: EU budget must support growth and jobs creation Italian PM Mario Monti had a busy meeting agenda on Thursday, first speaking in Brussels with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, then flying to Berlin where he appeared at a press conference

MARKET OVERVIEW   2013-01-31 05:49 GMT Moody's: Greek default still a possibility A Greek credit default should not be discarded, Moody's rating agency stated on a report published Wednesday. With regards to the state of the Greek economy, projections are for the country to contract around 5% in 2013, differing by 0.5 bp from government

MARKET OVERVIEW   2011-08-10 06:50 GMT Fed to leave rates unchanged in January and probably for the rest of the year The Federal Reserve's monetary policy meeting is expected to be uneventful this month, following the FOMC's announcement of open ended QE4 in December which would be finalized only when the unemployment rate falls below

MARKET OVERVIEW   2013-01-29 00:21 GMT Eurozone periphery nations recover up to €100bn in private funds – FT On its front cover, the Financial Times highlights the growing capital flocking back to Eurozone's peripheral countries, with the sum amounting over €100bn of private funds since late last year. From the FT: "The scale of the