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Thursday, May 2, 2013 - 2:47pm
When Draghi Turns Kuroda, This ETF Will Surge
European Central Bank President Mario Draghi finally gave global markets something to cheer about earlier today when he announced the ECB lowered its benchmark interest rate to 0.5 percent from 0.75 percent. Perhaps more importantly, Draghi has left the door open to further monetary easing and...
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Friday, February 8, 2013 - 11:22am
Euro Continues Post-Draghi Decline, Breaks Below 1.34, Eyeing Italian Elections
Euro strength a problem? Not any more, as the euro reversed weeks of gains against the dollar as the EUR/USD declined back below 1.34 for the first time since January 25. Further, the chart for the pair is anything but rosy and should the fundamentals not change much, the pair looks set to fall...
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Wednesday, January 30, 2013 - 7:32am
Benzinga Market Primer: Wednesday, January 30
Futures Flat Despite Italian Weakness, Eye FOMC Decision U.S. equity futures were flat in early trade as Italian shares plunged. This occurred as the euro rose above 1.35 against the dollar for the first time since 2011, showing broad strength against a basket of currencies. Economists and...
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Monday, January 7, 2013 - 7:16am
Benzinga Market Primer: Monday, January 7
Futures Lower on Debt Ceiling Fears U.S. equity futures traded slightly lower and European shares ticked down in early trade as investors feared the next upcoming cliff, that of the Debt Ceiling. Republicans look set to use the upcoming debate over increasing the debt ceiling to pass spending cuts...
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Thursday, January 3, 2013 - 7:54am
Benzinga Market Primer, Thursday, January 3
Futures Slip as Markets Retrace Gains U.S. equity futures fell slightly in overnight trade following large gains on Wall Street Wednesday as Washington was able to agree a deal to avert the Fiscal Cliff in the short term. U.S. stock markets had, by some accounts, the best first trading day of the...
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Wednesday, September 12, 2012 - 9:27am
German Court Upholds ESM
Investors celebrated after Germany's highest court rejected calls to block Europe's permanent rescue fund, the European Stability Mechanism (ESM). Critics had argued that the ESM commits Germany to potentially unlimited support of debt-laden Eurozone states. The ruling allows for the ESM to come...
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Thursday, July 12, 2012 - 10:58am
Two-year Low for Euro May Spell More US Earnings TroubleFresh two-year lows for the euro may spell trouble for U.S. companies this earnings season and prompt pessimism for third-quarter guidance from major multinationals. The euro traded just below $1.22 in U.S. trading on Thursday, down 17.5% from the 2011 highs in April. The currency broke through...
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EUR/USD Falls To Year's Lows, EUR/AUD At Record Lows
Tuesday, July 10, 2012 - 4:59pmThe EUR/AUD cross fell to record lows in Tuesday's U.S. market session, dropping below the dreaded 1.20 level. Euro weakness was also seen in the EUR/USD, as the pair continues to trade near the year's lows. The euro has seen weakness over the past few trading days because of increasing concerns...
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Friday, July 6, 2012 - 5:14pm
Why Finland Will Not Leave the EurozoneThe euro/U.S. dollar spot rate hit its lowest level in about two years during Friday's session. The ever increasing concerns over the European debt crisis have caused the Euro to slide lower and also sparked speculations that the Economic and Monetary Union might be falling apart. The rumors of a...
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Wednesday, June 13, 2012 - 6:26pm
Stocks Fall as Spain DowngradedThe U.S. stock market fell apart late in the day on Wednesday after the major averages spent much of the session near the unchanged mark. Investors continue to sell risk assets as fears ramp up over rising Spanish bond yields, signalling that the European sovereign debt crisis may be spinning out...
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