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Euro Gets Some Relief Following German Business Survey
Wednesday, September 24, 2014 - 7:49am | 321Read More...The euro made a modest recovery late on Tuesday and traded steadily at $1.2856 at 7:00 GMT on Wednesday morning. The common currency suffered through the beginning of the week after PMI data confirmed the region’s slowdown. However, a glimmer of hope from Germany coupled with a dollar...
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Weakening Euro Eases Pressure On the ECB
Thursday, July 17, 2014 - 9:33am | 325Read More...The euro traded steadily at $1.3528 at 7:45 GMT after poor data and concerns from the European Central Bank pushed the currency lower. A weak euro eases pressure on the ECB to engage in further stimulus policy measures. Though the ECB has been adamant that the exchange rate is not a policy target...
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3 German Stocks For Your Portfolio After The World Cup Win
Wednesday, July 16, 2014 - 8:11am | 970Read More...In the wake of a scintillating, extra-time 1-0 victory over superstar-laden Argentina, the German national soccer team emerged as World Cup champions this past weekend. After playing to a draw in the first ninety minutes of the historic matchup, Germany's young star Mario Gotze broke the...
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Germany ETF Has Some Catching Up To Do
Monday, July 14, 2014 - 4:21pm | 525Read More...Germany's convincing, if last minute, win in the World Cup this weekend capped a fantastic global sporting contest that probably saw the best team take home the final trophy. Despite its fiscally conservative nature, however, the German stock market has yet to show signs of matching...
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Euro Steady At $1.36 As Recovery Falters
Friday, July 11, 2014 - 8:03am | 300Read More...The euro declined on Friday, trading at $1.3606 at 6:00 GMT after losing ground on Thursday following news that Portugal's Banco Espirito Santo was in trouble. The Portuguese Bank's shares were pulled from the market after losing 17 percent on Thursday due to solvency issues. So far this week, the...
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ECB's Coene Says Euro's Strength Nothing To Worry About
Wednesday, July 9, 2014 - 8:24am | 355Read More...The euro was steady at $1.3615 at 8:30 GMT on Wednesday morning despite troubling economic data from the bloc's largest economy, Germany. The common currency has been under pressure since the European Central Bank announced a package of easing measures at its June meeting. Germany's exports fell...
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Euro Unphased By Poor German Data
Wednesday, June 25, 2014 - 10:18am | 481Read More...The euro was steady at $1.3608 at 5:47 GMT on Wednesday morning despite further data from the region which indicated that the economy was struggling. Instead, the common currency found momentum from a testimony by Bank of England chief Mark Carney on Tuesday. Carney told UK lawmakers that the...
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Eurozone PMI Confirms Patchy Recovery
Tuesday, June 24, 2014 - 9:01am | 393Read More...The euro was steady at $1.3602 at 5:30 GMT on Tuesday morning after a rocky start to the week on Monday. The common currency was weighed down by tepid PMI data which indicated that the region's sluggish recovery was continuing to stall. The Wall Street Journal reported that the eurozone'...
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Market Wrap For May 20: Markets Sharply Lower On Fed Talk, Disappointing Earnings
Tuesday, May 20, 2014 - 4:42pm | 2471Read More...U.S. stocks declined following troubling words from a Federal Reserve official. In a speech delivered Tuesday, the Fed's Charles Plosser hinted that the Federal Reserve should reduce the pace of its asset purchases in measured steps but an increase in interest rates “may come sooner than many...
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Market Wrap For May 9: Markets Marginally Higher, But Nasdaq Still Suffers
Friday, May 9, 2014 - 4:36pm | 1982Read More...U.S. stocks struggled to stay in positive territory as earnings continue to come in mixed and investors and traders still showing a "risk-on" approach. The Dow closed at new record highs as the S&P 500 struggled to stay in positive territory for most of the day. The Nasdaq saw a strong end...
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Salesforce.com Planning New Data Centers In Europe
Thursday, March 6, 2014 - 4:42pm | 563Read More...San Francisco-based global cloud computing company, Salesforce.com (NYSE: CRM), best known for its customer relationship management (CRM) software, said it planned to open three data centers in Europe between now and 2015. The company said its first European data center would open in the U.K....
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Market Wrap For November 21: Dow Re-Claims 16,000 level On Positive Job Data
Thursday, November 21, 2013 - 5:40pm | 2029Read More...Encouraging news coming from the job market was enough to send the major markets higher. Initial Jobless Claims declined 21,000 to 323,000 versus an estimated 335,000. As to be expected, the Senate Banking Panel Voted in favor to approve Janet Yellen as the next Fed Chair. The Dow gained 0....
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Windows Phone Sales Near Double Digits In Key European Markets (MSFT)
Wednesday, October 2, 2013 - 10:35am | 570Read More...Microsoft's (NASDAQ: MSFT) Windows Phone sales share in Europe approached double digits in August, according to Kantar Worldpanel ComTech. Although Google's (NASDAQ: GOOG) Android platform was still king of the hill at 70.1 percent market share, Windows Phone’s 9.2 percent number across the...
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July Services PMI Round-Up: China Bounces, U.K. Shines As Germany Fades
Monday, August 5, 2013 - 11:15am | 843Read More...Over the weekend and early Monday, services PMIs for major economies around the world were released. China's services data relaxed fears of a hard landing for the economy while the British sector showed strong growth in July while Germany disappointed. The ISM Services Index in the U.S. also...
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Credit Suisse Raises European Banks to Overweight, Still Prefers U.S. Banks
Friday, July 26, 2013 - 7:34am | 399Read More...Credit Suisse has upgraded European banks to overweight from benchmark this morning as they see clear signs of macro improvement in the Euro area, attractive valuations, falling provisions (which will boost earnings), and possible a surprise from the ECB. They like HSBC (NYSE: HBC) and Deutsche...















