Global stocks sell off as market concludes nothing positive will come out of today’s European summit
The negative news today adds up to a toughening of positions ahead of the summit. And it now looks quite possible that even those of us who looked for a vague promise of action at the end of the meeting could be disappointed.
I’m treating this as a trading rally–as shorts take profits ahead of a spike in event risk
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...Now on to the European summit on Wednesday to see if EuroZone leaders can agree on anything concrete
If you’re trying to figure out the direction of the market in the short term, watch to see if the summit can produce enough to keep the momentum going that came out of the G8 meeting this past weekend. The Camp David meeting did at least present a sense of urgency that had been missing in recent weeks. That’s how low the bar has been set. “A sense of urgency” is an improvement.
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...With the rest of the world–inside and outside the EuroZone–yelling for growth, the pressure’s on Merkel at the G8 and European Union summits
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...Will Greeks vote to leave the euro on June 17? Recent polls say the election is too close to call
How will Greek’s vote on June 17? It’s not a foregone conclusion that they’ll back the parties that are calling for the country to repudiate/renegotiate the bailout deal (which might well mean that Greece leaves the euro.) Two recent polls give contradictory results.
Does the silence from Europe’s leaders mean that they’re actually working on something to address the crisis?
The threat of bank runs in Spain will force EuroZone leaders to announce a major package soon–look to this weekend’s G8 meeting to see if it’s even vaguely adequate to calming the markets
$23 billion payment to Greek banks postpones danger from bank run and buys time for what, exactly?
The release of 18 billion euros ($23 billion) by the European Union to Greek banks today has at least postponed what was starting to look like a run on Greek banks
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...A new “solution” to the euro debt crisis looks to be shaping up for next week
I can see the shape of what I called a “solution event” in this morning’s “Buy on the Dip” post taking shape around the May 14 meeting of European Union ministers and the May 15 meeting in Berlin between German Chancellor Angela Merkel and newly sworn-in French President Francois Hollande.
Think it’s going to be easy for the IMF to pull the plug on Greece? Think again
What’s that saying? If you owe the bank 1 billion euros, you’re in trouble. If you owe the bank 400 billion euros, the bank is in trouble. Well, guess what? Greece owes 400 billion euros to the European Central Bank and others
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