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Rishi Sunak Forecasts Increased Efficiency And Tax Reductions, Denies Austerity Claims: 'Simply Unfounded'
Monday, November 27, 2023 - 3:19am | 555Read More...UK Prime Minister Rishi Sunak has reassured the public that his financial plans will not lead to austerity. This comes despite concerns raised by the fiscal watchdog about the potential impact of his tax-cutting strategy on public services. In a recent interview with Bloomberg TV, Sunak refuted...
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The Greek Stock Market: Fundamental or Speculative Growth?
Thursday, October 31, 2013 - 4:34pm | 1564Read More...Remember the "greed is good" quote from the movie Wall Street? That quote effectively describes what is currently happening in the Greek stock market. Great volumes of trading, as well as significantly higher returns, are some of this "arena's" main features. Big players like hedge funds do...
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Benzinga Market Primer: Monday, May 13
Monday, May 13, 2013 - 6:27am | 980Read More...Futures Lower on Chinese Data, Fed Tapering Fears U.S. equity futures traded lower in early pre-market trade following some weak economic data out of China and also on the heels of an article from the Wall Street Journal's Jon Hilsenrath about the Fed. Hilsenrath wrote that the Fed is now...
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Benzinga Market Primer, Monday November 26
Monday, November 26, 2012 - 7:30am | 880Read More...Futures Drop on Greek Uncertainty, Catalan Vote U.S. equity futures fell in pre-market trading as uncertainty surrounding Greece's disbursement of its latest payment grips markets. Greece has already agreed on the necessary cuts with the Troika to receive the payment, however the current debate is...
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The Pain in Spain and the Private Sector Subordination Continues in the Latest Sovereign Bailout
Monday, June 11, 2012 - 9:32am | 613Read More...As the European Debt Crisis has now taken down its fourth nation, now batting .800 or four out of five, let us discuss the bailout that may not be as stellar as originally thought. As I wrote on Friday, a European TARP could not work, and so the question became of what shape would the Spanish bank...
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European PMI Falls More Than Expected
Wednesday, May 2, 2012 - 12:01pm | 228Read More...Markets declined today after the release of European PMI and ADP data that missed expectations. Markit's Eurozone Manufacturing Purchasing Managers' Index declined in April to its lowest level since 2009. April Eurozone unemployment rose by 169,000. EURO/USD dropped from a high of 1.323 this...
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Layoffs in U.S. Hit Lowest Rate Since 2000
Wednesday, July 6, 2011 - 3:50pm | 332Read More...A monthly survey by Challenger, Gray & Christmas revealed that the present rate of layoffs in the U.S. has not been this low since the year 2000. This eleven-year-low could signal the beginning of a turnaround, or at least a stabilizing period for the U.S. employment numbers. The report also...
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Stagflation Ravaging the UK, Sign of Whats to Come for US?
Wednesday, June 15, 2011 - 12:04pm | 415Read More...For May, Jobless claims in the United Kingdom rose 19,600. That comes after a jump of 16,900 in April, according to Bloomberg. Most alarming is how sharply the data caught economists off guard. Bloomberg surveyed 22 economists and found that the median expectation was an increase of 6,500. The...
