News

Revenge of the Sovereign Nation – Telegraph Blogs at least the Greeks are stripping away the self-serving claims of the creditor states that their “rescue” loan packages are to “save Greece”. They are nothing of the sort.…

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases,…

Italy, Europe, and Red Brigade terror – Telegraph Blogs Italy’s labour minister Maurizio Sacconi has just warned that a rushed shake-up of the labour market – as demanded by the EU – risks setting off a fresh cycle of…

Greece’s decision to hold a referendum weighing on sentiment; global PMIs most softer thus far. EUR/USD has retracted half of its Oct. move in two days; Greek referendum increases disorderly default risk. US ISM manufacturing key report of…

The two halves of the eurozone are locked in a broken marriage - Telegraph One by one, the democracies of Southern Europe are being broken on the wheel of monetary union. tags: europe greece austerity…

Risk aversion is taking hold again with global stocks broadly lower; dollar firmer against majors. Price action dominated in part by BoJ intervention; on the data front Chicago PMI and Canadian GDP. Norway’s central bank indicated it will…

Why the latest eurozone bail-out is destined to fail within weeks - Telegraph I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will…

Greece Will Eventually Leave Euro, Rogoff Says - Bloomberg European leaders’ agreement to expand a bailout fund to stem the region’s debt crisis only buys time as Greece will likely still leave the euro in the next decade,…

Tepco to Ask for $12B From Government: Nikkei - Bloomberg Tokyo Electric Power Co. will ask the government for 900 billion yen ($12 billion) to avoid bankruptcy, the Nikkei newspaper said, the first state support since the…

FX markets are consolidating recent gains with most majors and EM weaker ahead of the open. After the EU Summit what is next for FX markets; today markets likely to focus on US income/spending report. Swiss KOF leading index fell to 0.8…