"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Wednesday, October 24, 2012

Markets slide as corporates report results

Debt crisis: Markets slide as corporates report results - live
We had gone through a period starting with (European Central Bank President) Draghi's announcement from the ECB that he would stand behind the sovereign debt where Spain situation had kind of faded from people's view and it's bubbling up again. ... 12 ...


Debt crisis: Europe ratchets up grip on Madrid - Telegraph: "The EU-IMF Troika in charge of Spain's €60bn (£48bn) bank rescue is to demand much tougher action by the country's authorities to clean up toxic debts, risking a clash that could deter Madrid from requesting a full sovereign bail-out."

Debt crisis no longer driving euro: Commerzbank
MarketWatch (blog)
The euro-zone debt crisis — specifically as measured by Spanish government bond yields — is no longer the main driving factor behind moves by the euro, Commerzbank currency strategist Ulrich Leuchtmann argued in a research note Tuesday. ... At the ...

RBS under pressure to offload US business - Telegraph: "Royal Bank of Scotland has come under pressure to sell its US business and shrink its investment banking arm by the body charged with managing the taxpayers’ 82pc holding in the lender."

GLOBAL MARKETS-Lacklustre earnings, pain in Spain hit shares, euro
The euro zone's debt crisis and the damage it is doing to worldwide economic health remains a top concern with investors still looking for firm proof that recent support measures from leading central banks are being felt. Data on Tuesday showed ...

EU Commission backs 10 euro zone states' financial transaction tax
... 23 (Reuters) - The European Commission backed on Tuesday an initiative by 10 euro zonecountries to introduce a harmonised financial transaction tax (FTT) among themselves to make thefinancial sector contribute to the costs of the sovereign debt ...

EU to mull plan to bring non-euro states into bank union
BRUSSELS (Reuters) - European Union countries will examine a plan this week to allow the ECB to supervise banks in states outside the euro zone alongside those within the currency area, according to an EU document that lays down limits on the central ...

UK Businesses Wary of Spending
Wall Street Journal
Consumers are also struggling as government austerity measures and the unresolved euro-zone debt crisis take their toll, with mortgage lending still subdued as national incomes have suffered a steeper drop than previous data indicated. The British ...

Where Has the Volatility Gone?
Wall Street Journal (blog)
There are demonstrations on the streets of Athens, the two major euro-zone nations, France and Germany, disagreed on how to resolve the debt crisis at the latest summit, and it's likely that Spain will miss its 2012 budget-deficit target. Yet ...

XE.com - PREVIEW-German economy to show effects of euro zone ...
Germany, Europe's growth engine and paymaster, fended off for a long time the debt and financial crisis engulfing much of the euro zone. But growth slowed to ...

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