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Friday, December 7, 2012 - 7:20am
Benzinga Market Primer, Friday, December 7: Non-Farm Payrolls Edition
Futures Slip Ahead of Employment Report U.S. equity futures fell in pre-market trading ahead of the monthly Employment Situation Report. In addition, fears over the lack of a budget deal in the U.S. kept fear high and comments from ECB President Mario Draghi indicate the Bank is less open to rate...
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Monday, September 24, 2012 - 8:11am
Benzinga Market Primer, Monday September 24
U.S. equity futures fell in early Monday trading as new fears over Europe's latest rescue plan resurfaced. Reports circulated that leaders were considering leveraging the permanent bailout fund (the European Stability Mechanism) to 2 trillion euros from the approximate 700 billion euros of...
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Friday, August 31, 2012 - 2:47pm
Bundesbank's Weidmann May Quit
Rumors that Jens Weidmann -- head of Germany's Bundesbank -- would soon be resigning circulated the markets on Friday. In recent weeks, Weidmann has stood as a stark opponent to the more dovish members of Europe's elite, remaining the source of many headlines downplaying further easing actions by...
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Friday, August 10, 2012 - 1:48pm
Euro Spikes as Rumors of Bond Short-Selling Ban Circulate
CSI Forex, a market data provider and investigative company, reported Friday that the rapid spike in the EUR/USD was caused by a rumor that European leaders may be about to implement a short selling ban on sovereign debt. Such a ban would effectively cap yields at current levels and potentially...
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Thursday, August 9, 2012 - 9:36am
Is the ECB Secretly Bailing out Greece?
As Greece continues to slip further into depression, complete with massive unemployment, a credit crunch, and loss of economic confidence, it seems as though the ECB has started to implement a backdoor bailout of the European nation. Greece has a $3.7 billion maturing bond on August 20, so if...
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Monday, August 6, 2012 - 9:54am
Spain Prepares for Bailout as Monti Primes the Printing Press
Following last Thursday's press conference and interest rate decision, Spain may need to submit to a full sovereign bailout to receive any further European support for its finances. The news follows weeks of discussion over the mechanics of a banking sector bailout for Spain, which would add...
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Monday, August 6, 2012 - 6:44am
Benzinga Market Primer, Monday August 6
U.S. equity futures rallied early Monday on hopes of further central bank stimulus despite a failure to deliver in the previous week. Aside from reticence from conservative Bundesbankers, markets still anticipate the European Central Bank to purchase bonds once Spain and Italy submit to full...
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Wednesday, August 1, 2012 - 6:55am
Benzinga Market Primer, Wednesday August 1
U.S. equity futures rose early Wednesday ahead of the Federal Reserve's interest rate and policy decision later in the afternoon. Also, data out of China showed that the manufacturing sector continued to expand in June despite the global slowdown. The official manufacturing PMI missed estimates...
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Friday, May 25, 2012 - 11:25am
Eurobonds: a Real Solution?Most European politicians are saying that at some point in the future, Eurobonds are the solution to the European Debt Crisis. The question is then what will these bonds look like? Without a central treasury and pan-European parliamentary structure, there is no way to have a solely joint bond...
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Bundesbank Lowers 2012 German Economic Growth Forecast
Monday, November 21, 2011 - 7:46amGermany's central bank lowered German economic growth view for 2012. Bundesbank now expects gross domestic product to rise by 0.5% to 1%, down from its previous forecast of 1.8%.
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