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Gartman: Greece Faces 'Ultimate' Deadline, World Prices Collapsing
Wednesday, July 8, 2015 - 11:34am | 400Read More...Dennis Gartman's daily letter on Wednesday stated that global stock markets are in "panic mode" with plunging Asian markets and little being resolved on the Greek financial crisis front. Commenting on Greece, Gartman noted that the nation has been given another deadline that it must follow. On...
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Benzinga Market Primer: Friday, April 12
Friday, April 12, 2013 - 5:34am | 942Read More...Futures Lower Ahead of Bank Earnings U.S. equity futures slipped in early pre-market trading Friday ahead of key earnings from U.S. banking giants J.P. Morgan Chase (NYSE: JPM) and Well Fargo (NYSE: WFC). Famed analyst Dick Bove believes that 2013 bank earnings will be record-setting earnings once...
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Benzinga Market Primer: Tuesday, March 26
Tuesday, March 26, 2013 - 5:19am | 829Read More...Futures Slightly Higher Despite Euro Fears U.S. equity futures were slightly higher in early pre-market trade despite fears emanating from the eurozone over a new bailout template laid out by Cyprus. Comments from Eurogroup Finance Minister Jeroen Dijsselbloem sent markets lower Monday after he...
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Cyprus Update: Where Are They Now
Sunday, March 24, 2013 - 9:33am | 340Read More...As Cypriot leaders and Troika creditors discuss the latest bailout for Cyprus, much has happened over the weekend. Here is a quick round-up of the headlines from the past couple of days. Cypriot leaders claim to be close a deal with creditors, placing a 20 percent levy on deposits greater than 100...
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Dijsselbloem Replaces Juncker as Eurogroup Chair
Tuesday, January 22, 2013 - 7:28am | 270Read More...The euro remained strong on Tuesday morning after investors sized up the newest chairman of the Eurogroup Monday afternoon. The common currency traded at 1.3362. Dutch Finance Minister Jeroen Dijsselbloem became the new chairman of the 17 eurozone finance ministers on Monday after being elected by...
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Benzinga Market Primer, Monday November 26
Monday, November 26, 2012 - 6:30am | 880Read More...Futures Drop on Greek Uncertainty, Catalan Vote U.S. equity futures fell in pre-market trading as uncertainty surrounding Greece's disbursement of its latest payment grips markets. Greece has already agreed on the necessary cuts with the Troika to receive the payment, however the current debate is...
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Benzinga Market Primer, Tuesday, November 13
Tuesday, November 13, 2012 - 6:21am | 926Read More...Futures plummet as Greece gets more time on bailout, German Economic Sentiment Drops. U.S. equity futures dropped precipitously in early Tuesday trading following a day of think trading as only stock markets were open in observance of Veterans Day Monday. Overnight, European finance ministers and...
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Benzinga Market Primer, Thursday, October 25
Thursday, October 25, 2012 - 5:17am | 917Read More...U.S. equity futures rose in early Thursday trading as the U.K. economy was confirmed as exiting recession in the third quarter, due in large part to the Olympic boost. The economy there grew 1.0 percent in the third quarter from the second quarter, well above economist estimates of a 0.6 percent...
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Benzinga Market Primer, Friday October 19
Friday, October 19, 2012 - 5:15am | 916Read More...U.S. equity futures fell in early Friday trading as investors mark the 25th anniversary of Black Monday, when the Dow Jones Industrial Average lost 23 percent in one day. Also, European leaders continued their summit in Brussels and seem close to disbursing the next bailout tranche for Greece as...
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Jobless Claims Post Larger Than Expected Rise, Eyeing the FOMC
Thursday, October 18, 2012 - 8:06am | 414Read More...Initial jobless claims rose more than expected in the week ending October 12, with initial claims printing at 388,000, well above the consensus estimate of 365,000 new claims. The rise in claims is being attributed to a statistical quirk which saw the previous week's reading drop unexpectedly. At...
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Benzinga Market Primer, Tuesday October 9
Tuesday, October 9, 2012 - 5:19am | 836Read More...U.S. equity futures fell in early Tuesday trading as the International Monetary Fund (IMF) slashed global growth forecasts in its quarterly World Economic Outlook. The IMF slashed its estimate for 2012 global growth to 3.3 percent global GDP growth from 3.5 percent in its previous estimate. Also,...
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Is the Spanish Bailout About to Jeopardize the Credit Ratings of the Healthy Nations?
Monday, June 11, 2012 - 11:51am | 346Read More...In a report following up on the Spanish bailout, Credit Suisse highlights the good, the bad, and the ugly of the Spanish bailout. It is true that the speed at which this decision was reached was rather speedy for the Europeans, however more is left to be done. Credit Suisse highlights three...
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Benzinga Market Primer: Monday, June 11
Monday, June 11, 2012 - 6:26am | 678Read More...Good morning on this Monday, and it is a good Monday as we wake up to see a sea of green. Stock futures and other risk assets are up overnight as the Eurogroup agreed to a bailout package of the Spanish banks overnight and Chinese data was not as bad as expected following the surprise rate cuts...
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European Crisis Watch: Recent Events and Upcoming Key Dates
Friday, June 8, 2012 - 8:37am | 713Read More...The recent turmoil in Spain has been at the forefront of all investors radars. Whatever the cost of bailing out Spain and recapitalizing its banks may be a priority, the Europeans will be forced to use up the remaining firepower that exists in the bailout funds to do so. Estimates on Wall Street...
