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Italian Uncertainty Becomes Spanish Profit
Monday, March 11, 2013 - 7:15am | 268The euro began the week at $1.30 on Monday morning following questionable comments about a possible Italian euro-exit made by a German politician on Thursday night. Rainer Bruderle from the German Free Democrats party made comments suggesting Italy could leave the euro on a talk show last week....
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Eurozone GDP Expected To Show 0.6% Drop
Tuesday, March 5, 2013 - 7:35am | 272The euro continued to trade near $1.30 on Tuesday morning as speculation about the upcoming European Central Bank meeting led some to believe there could be an interest rate cut in the future. Italy's political stalemate continued to weigh heavily on the euro's value and create uncertainty...
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Euro Below $1.30 Ahead of ECB Meeting
Monday, March 4, 2013 - 8:18am | 279The euro waned on Monday as the possibility of another Italian vote and a European Central Bank interest rate cut both became more likely. The common currency traded at 1.2996 at 11:04 GMT on Monday morning. After a week of confusion, the Italian government remained unknown and all three...
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Italian Elections Leave Investors Scrambling for the Exits
Tuesday, February 26, 2013 - 10:04am | 533Over the last 24 hours since Italian polls have closed, election results have filtered out of the Mediterranean nation. At first glance, initial media polls showed that pro-austerity leader Pierre Luigi Bersani had a strong lead in the lower house of Parliament and could even win a majority in...
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Benzinga Market Primer: Tuesday, February 26
Tuesday, February 26, 2013 - 7:33am | 958Futures Rise After Losses, Italian Elections U.S. equity futures gained in the pre-market after massive losses Monday following the turmoil over the Italian elections. It appears as though no majority will be formed and that Italians will need to go back to the polls to try to elect a majority...
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Early Italian Media Polls Show Bersani Victory
Monday, February 25, 2013 - 11:10am | 267The first media polls released showing initial results of the Italian election show that the centrist, pro-austerity party led by Pierre Luigi Bersani holds a slight lead over opposition parties. According to Sky News Italia, the results are as follows: Bersani Coalition: 34.5 percent....