Germany says NO leaving the European Central Bank to fly solo to stabilize euro debt markets
The European Central Bank has been left to literally paper over disagreements among Europe’s political leaders with massive buying of government and bank debt. A meeting of European finance ministers ended with German objections killing prospects for expanding the euro rescue fund or issuing joint euro bonds to finance the fund.
Euro down on worries that nobody has a plan for the debt crisis
The euro is down so far today after a weekend that exposed how deeply divided the Euro Zone’s political leaders are about what to do next to stem the euro debt crisis.
Euro’s central bank disappoints–no shock and awe bond buying
European Central Bank President Jean-Claude Trichet disappointed financial markets that had hoped for news of a big increase in government bond purchases. The euro, which had traded as high as $1.3217 before Trichet spoke, dropped to $1.3085.
A relief rally sets in ahead of tomorrow’s meeting of the European Central Bank: Can we expect the bank to rain cash on the 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...The euro crisis deepens as markets contemplate the need for a Spanish rescue
The financial markets have started to do the math they should have done six months ago, and they don’t like the numbers they’re seeing: There might not be enough money to rescue Spain.
Short-term and long-term investing have diverged in this market–follow one or the other but know which you’ve picked
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...Europe’s markets don’t buy into the Irish rescue spin
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 the euro band-aids stick this time?
Another weekend, more band-aids. Will the latest round succeed in convincing financial markets that the bleeding in the euro has stopped when earlier applications have failed? The results this morning are mixed
Volatility ahead in 2011–how to navigate it (and maybe even profit from it)
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...Irish government falls and so do stocks and the euro
Support for the Irish government of Prime Minister Brian Cowen fell apart late yesterday after the Green Party said it would pull out of the ruling coalition. Cowen called for elections early in 2011. Think this made global financial markets happy?