The “agreement” from the European summit is singularly devoid of real progress–so why were European markets up today?
Maybe the crucial explanation for why European stock markets were up today, and Italian, Spanish, and Portuguese bond yields are down is speculation on the size of the next offer of three-year loans by the European Central Bank on February 29. Speculation now is that banks could take down even more money this time.
The Fed says it will keep interest rates exceptionally low through 2014–here are the winners and losers in the financial markets
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Show me the money! Nothing else much counts in Greek debt crisis now
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Watch out for American Tower to turn itself into a dividend play next month
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Piece by piece U.S. Bancorp picks up market share
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Germany demands that Greece give up control of its national budget–is this the price that Greece won’t pay for a bailout?
Is this the big showdown? The moment when Germany and the other deficit hawks in the EuroZone finally pull the plug on Greece by making the price of more bailout money too high for the Greeks to pay?
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wall Street downgrades on valuation are pushing Oasis Petroleum toward a good entry price
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...At 2.8% fourth-quarter GDP growth is disappointing, but the numbers look even more worrying if you dig deeper
Is this what the Federal Reserve saw in the fourth quarter GDP numbers that made it pessimistic enough on Wednesday to say that exceptionally low interest rates will be with us until the end of 2014 instead of “just” the middle of 2013? At 2.8% headline growth was disappointing but more worrying the biggest contributor to growth in the quarter was an increase in inventories.