ecb

Goldman Sachs Upgrades Graco (NYSE: ROK) to Buy on encouraging ECB liquidity actions in December and recent GLI and PMI readings that can increase risk-taking in 1H12. Goldman Sachs notes, however, that "key macro questions remain, including the form of structural change in Europe and...

Goldman Sachs Upgrades Rockwell Automation (NYSE: ROK) to Buy on encouraging ECB liquidity actions in December and recent GLI and PMI readings that can increase risk-taking in 1H12. Goldman Sachs notes, however, that "key macro questions remain, including the form of structural change in Europe...

The euro started the year with an aggressive move on Tuesday, rallying over 0.70% against the US dollar. Against the British pound, the euro gained just over 0.20%. European stocks also saw a strong session on Tuesday. The German DAX rallied about 1% at its highest point. Last week, data released...

Throughout the second half of 2011, investors watched the sovereign debt crisis in Europe slowly deteriorate. Multiple weaker countries have buckled and are now relying on a bailout package administered by the European Financial Stability Facility. In order to complete the bailout fund, debt...

On Tuesday, the US dollar index declined roughly 1% as nearly all risk assets rallied. The Dow Jones Industrial Average gained over 250 points in early trading, while gold and oil moved sharply higher. The move may have been motivated by traders' expectations, as the European Central Bank is set...

Mario Draghi, the president of the European Central Bank, recently spoke about the European debt situation. Many investors have voiced concerns regarding the European Union as a whole as well as its currency. As a response to fears regarding the region, Draghi came out to say that the speculation...

US equity markets traded lower on Monday morning, as the US dollar index rallied roughly 1%. Commodities across the board showed weakness—gold dropped below $1670. The US dollar index is a measure of the dollar against a basket of other currencies. Perhaps contributing the most to the index's gain...

The European Summit—which had been anticipated all week—concluded early Friday. Given expectations, the results seemed to be underwhelming. Yet, US equity futures were trading up Friday morning, perhaps evidence of the fact that investors had bought into the deal enough so as to calm concerns. On...

European politics have been one of the main forces moving the U.S. markets in the past couple months. Traders have become accustomed to comments by politicians whose names are unpronounceable and daily rumors that can cause the Dow Jones Industrial Average to swing up and down hundreds of points...

On Thursday, the European Central Bank opted to drop its benchmark interest rate by 25 basis points to 1.00%. The ECB's president, Mario Draghi, cited worsening economic conditions in the Eurozone as the primary motivator behind the rate cut. This comes in contrast to Draghi's predecessor—Jean-...

The European Central Bank has slashed interest rates by 25 basis points to 1 percent, in line with estimates. A statement on the ECB website said that, “The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.00%, starting from the operation...

A black swan event, developed by Nassim Nicholas Taleb in his book The Black Swan, is a metaphor that explains in logical hindsight the reasoning to an unexpected event which has a major impact on society but should have been foreseen. Developed nations saw a black swan event – the 2007-2008...

The European Central Bank is reported to be considering loosening collateral criteria, allowing more uncovered bonds as collateral. According to Bloomberg, three euro-area officials with knowledge of policy makers' deliberations are making the claims. “The ECB is focusing on getting banks lending...

Dow futures spiked early on Friday morning when it was reported that the European Central Bank (ECB) might lend money to the International Monetary Fund (IMF). Speculation is that the money lent by the ECB to the IMF would be funneled back to Europe in the form of IMF aid. Many market...

European Central Bank President Mario Draghi told the European Parliament on Thursday that the eurozone must become more integrated. Draghi said that the most important step in leading the eurozone out of its current sovereign debt crisis would be to create a new "shared fiscal compact" in which...