Italian and European stock markets teeter on Italian election uncertainty
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...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...Confirmations of bad news from the EuroZone today
As expected, the European Commission cut its forecast for growth in the EuroZone economies in this morning. The projection now calls for the EuroZone economy as a whole to shrink by 0.3% in 2013.
The growing split between the direction of French and German economies endangers euro
Continued signs today that the French and German economies are headed in opposing directions. The core of the EuroZone looks to be split with France now looking much more like Spain and Italy than like Germany.
As growth drops, deficit targets slip in Portugal (and probably Spain)
Today Portugal. Tomorrow Spain? Today Portuguese Finance Minister Vitor Gaspar told parliament that the country’s GDP could shrink by 2% in 2013. That’s a huge step down from the 1% contraction that the government had been predicting
Europe is supposed to have turned a corner–do you see it in today’s dismal GDP reports?
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...France is emerging as the new flashpoint in the EuroZone debt crisis
This morning’s EuroZone news is focused on the terrible economic news from Portugal—but, frankly, I’m much more worried by the steady flow of bad news from France. France’s national auditor warned yesterday that the country is likely to miss its deficit target for 2013
ECB President Mario Draghi tells everyone to be happy
The European Central Bank kept its benchmark interest rate at 0.75% at today’s meeting. And then, European Central Bank president Mario Draghi tried to talk everyone into feeling positive about the bank’s non-action.
Berlusconi’s surge in Italian election polls sends EuroZone markets lower
Stock markets are down—and Italian bonds and the euro are in retreat—at polls today showing that Silvio Berlusconi’s coalition has narrowed the lead of front-runner Pier Luigi Bersani to within the margin of error.
Today’s EuroZone rally shows markets expect Draghi to ride to the rescue on Thursday
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...Politics in Spain and Italy sink European stock and debt markets
What seems to have really rattled the markets today is political news from both Spain and Italy that threatens to produce weak governments that would not be able to continue the programs that have stabilized the European debt markets. In Spain the threat comes from a corruption scandal that has already led to calls for the resignation of Prime Minister Mariano Rajoy. In Italy it’s the continued surge of Silvio Berlusconi
