June 29, 2012 | Daily JAM, Morning Briefing |
You’re excused if you don’t know exactly what European leaders decided at the end of today’s summit—they can’t seem to agree either—or what the actual effect might be—the financial markets are positive but confused.
June 28, 2012 | Daily JAM, Morning Briefing |
A German government source briefing reporters ahead of the European summit today warned against “exaggerated panic mongering” over the surge in yields on Spanish and Italian government debt. That on a day that saw Italy sell 10-year bonds at 6.19%, up from a 6.03% yield at the last auction
May 19, 2012 | Short Term |
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December 12, 2011 | Daily JAM, Morning Briefing, Short Term |
Given a weekend to mull over the results of the European summit on Friday, today the markets are blowing a big raspberry to the most recent plan to rescue the euro. Actually given the extent of the negative reaction, it’s surprising that the damage isn’t worse
December 5, 2011 | Daily JAM, Morning Briefing |
Momentum towards a “solution” to the euro debt crisis continued to build today, the Monday before Friday’s summit of European leaders.
Today Italian Prime Minister Marie Monti presented Italy’s parliament with a $30-bllion euro plan to reduce Italy’s budget deficit