Italy's one-year borrowing costs rose for the first time since November at a sale of short-term bills on Wednesday
Spain's banks are fast joining the ranks of the most unloved in Europe
The scale of market pressure on Spain is not justified given the reforms being undertaken by its government and the European Central Bank still has its bond-buying program as an option
Good morning. Here's what you need to know.
Starting back in August, I began suggesting that we were approaching a Systemic Crisis/ Crash scenario in the markets.
Spanish ministers and European Union officials took turns on Tuesday to deny that the country needed an international bailout, in an effort to soothe the bond market.
Just a few weeks ago the head of the IMF, Christine Lagarde, looked at Greece and declared "economic spring is in the air".
Stocks suffered their biggest declines this year, losing ground for the fifth-straight session, as worries over rising borrowing costs for European countries weighed on sentiment.
Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Alcoa reported first quarter results that topped expectations on both the top and bottom lines as revenue surged to a record high, the company said this afternoon.
This is from a couple of days ago, but Markit recently came out with its latest monthly sovereign CDS report
Earlier we mentioned Bob Janjuah latest market call, which is basically: The Fed will pump more, casing risk assets to go higher, before markets ultimately implode and hit generational lows.
Spain has caught the attention of euro crisis observers recently, with borrowing costs rising and the IBEX 35 hitting a three-year low.
It's a landmark day for European sovereign bonds, with Spanish and Italian yields soaring.
During the last few weeks, economists Paul Krugman and Steve Keen have engaged in a lengthy (and ugly) blogger debate about the role of banks in expanding the monetary base.
US Housing Bulls
European markets tanked today and Italian and Spanish bond yields went crazy, amid renewed panic about Europe.
Today is a very bad day for Europe's weakest markets. Both Italy and Spain are getting taken to the woodshed.
Stocks slid, extending the longest slump for the Standard & Poor’s 500 Index since November, as a surge in Spanish and Italian bond yields fueled concern Europe’s debt crisis is worsening. Treasuries and the yen advanced.
Tehran has cut oil supplies to Spain after halting crude exports to Greece as part of its countersanctions against the European Union(EU), mulling oil supply cuts to Germany and Italy now.
In Greece, more than 21 percent of the working-age population is jobless. For Greeks under age 25, the rate is more than double that.
White House meeting between two heads of state touched on low interest rates and sanctions on Iran.
In the LiraSPG Scenario “When The Euro Breaks”, I discussed what would happen to the euro and the eurozone when those countries—unable to continue under their massive debt burdens—began exiting the European monetary union.
Another week, another bout of social unrest in a Euro peripheral nation, if the fourth largest econony in the area (Spain) can even be called that.
We watched last night the rows of cars below our balcony, snaking their way out of the pollution and congestion of South America’s second largest metropolis, out into the peace and calm of the surrounding campos and estancias.
Demonstrators have clashed with police in the Greek capital for a second day following the suicide of an elderly man.
While the IMF forecasts that China will surpass America as the world’s top economy in 2016, it may have already become dog top.
Spain headed for eventual economic collapse
Nearly 50 percent of Vietnamese companies admit to bribing officials in order to bid on contracts, a new survey shows, but experts say the real figure could be far higher.