European Crisis

Spain’s sovereign rating faces possible downgrade

Spain’s long-term government debt rating is stable for now, says ratings firm S&P, so long as the government doesn’t increase the country’s bank bailout, reports the Wall Street Journal. Struggling Bankia—the country’s third largest lender—was rescued in late May, with an infusion of $23.78 billion, or €19 billion. And while Prime Minister Mariano Rajoy said […]

By Wire services |August 1, 2012

2 min read

Industry

Eurozone to protect Euro; Greece puts brakes on cuts

German and Italian leaders have issued a new pledge to protect the Eurozone, with the Eurogroup chairman saying officials have no time to lose when it comes deciding what measures are required. European leaders promise they’ll do everything possible to save the 17-nation Euro. On Thursday, investors will be paying close attention to the monthly […]

By Wire services |July 31, 2012

4 min read

Economic Indicators

Good news out of Europe…for once

With the Olympics in full swing, it’ll be nice to watch something positive come out of Europe for once.

By Gareth Watson |July 30, 2012

3 min read

Economic Indicators

Markets to focus on corporate earnings this week

There were few strong economic reports last week. Perhaps the most impressive print was the U.S. Initial Jobless Claims, which fell to 350,000, but the bounce from this data was tepid at best.

By Gareth Watson |July 16, 2012

3 min read