Tag Archives: European Markets

Moody’s puts big banks on review for downgrade

      114 financial institutions in 16 European countries on review as well Michael Kitchen and Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — Moody’s Investors Service triggered fresh worries for investors after placing 17 major global financial firms review for potential downgrades due to the euro-zone crisis and other issues, as well as putting more [...]

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European banks see debt threat in U.S. as well as at home

  The deadlock in Washington over how to avoid a government default increasingly threatens to strike another blow to Europe’s ailing financial system because of the tremendous sum of Treasury bonds and other U.S. debt held by banks across the Atlantic. If the United States defaults and its top-notch credit rating is downgraded, European banks [...]

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Moody’s Downgrades Ireland

By MARK BROWN And MARTIN VAUGHAN LONDON—Moody’s Investors Service Inc. downgraded Ireland’s government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative. The agency, cutting Ireland’s bond ratings to Baa3, one notch above junk, from Baa1, said it was responding to a likely deterioration in [...]

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German Ban Weighs on Stock Futures

By:  STEVE GOLDSTEIN U.S. stock futures dropped Wednesday, the first day of the hastily drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt. More than two hours before the start of trading, Dow Jones Industrial Average futures were 68 [...]

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New Record Bet Against Euro

  By: Don Curren Things just keep looking worse for the euro. Investors increased their bets against the currency to a new record level, according to data released Friday, as the euro weakens sharply in response to market concerns about the longer-term implications of the massive euro zone rescue plan. Net speculative bets–called shorts–against the [...]

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Brazil Stocks Decline Early Tracking Worries Abroad

By Gerald Jeffris: Of DOW JONES NEWSWIRES BRASILIA (Dow Jones)– Brazil’s Bovespa stock index extended recent declines in early trading Friday as the local market followed trends abroad spurred by continued concerns over fallout from fiscal woes in Europe. As of 1345 GMT, the main Sao Paulo stocks index declined 1.8% to 63,569 points after [...]

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GLOBAL MARKETS: European Stocks Fall; Bailout Reassessed

By Michele Maatouk & Ishaq Siddiqi    Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stock markets were sharply lower Tuesday, along with the euro, as investors began to reassess the viability of the EUR750 billion euro zone rescue package. “Yesterday’s strong rally following the euro-zone bailout announcement has halted as questions marks over whether the [...]

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European Markets Surge

By: ISHAQ SIDDIQI European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries. The Stoxx Europe 600 index jumped 5.9% to 251.09. London’s [...]

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EU Sees Wider Greek Deficit, Roiling Markets

Bonds Fall as Investors View Bailout and Default as Givens By CHARLES FORELLE BRUSSELS—New figures revealed that Greece’s debt crisis is even worse than investors believed, delivering a fresh shock to European markets and all but ensuring that the International Monetary Fund and euro-zone countries will have to step in within weeks to bail out [...]

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