Enrico Letta

U.S. stocks finished higher on Thursday after a bumpy start to the trading session. “People want to buy the dips now because the market made a bottom after Feb. 3,” Donald Selkin, chief market strategist at National Securities Corp. told Bloomberg. “We got very oversold and now it's believed...

Apple’s highly anticipated deal with China Mobile helped both the Dow and the S&P 500 climb to all time highs on Monday. The Dow Jones industrial average climbed 0.45 percent while the S&P 500 finished 0.53 percent higher as the technology sector soared. Apple’s deal with the world’s...

The euro was steady at $1.3593 at 5:15 GMT on Wednesday morning after the dollar lost some of its strength on lower than expected consumer confidence data. The common currency was supported by news that German Chancellor Angela Merkel and the Social Democratic Party were working to strike a deal...

With just two days until the US’ budget deadline, House leaders were unable to bring a GOP bill to the floor for a vote on Tuesday night. The last minute obstacle put pressure on markets as investors began to worry that defaulting was becoming a real possibility. Fitch Ratings warned that...

The European Central Bank struck a watchful yet patient tone on Wednesday and pushed the euro above $1.35. The common currency traded at $1.3605 at 5:10 GMT on Thursday morning. The ECB meeting went as expected on Wednesday; the bank kept interest rates fixed and refrained from making any major...

The gridlock between Democrats and Republicans in the US looked unlikely to ease as the US headed into its third day of a Federal government shutdown. The dollar fell to eight month lows on the government’s failure to pass an emergency spending bill, but share markets were resilient as most...

After climbing to $1.3588 on Tuesday, the euro settled at $1.3522 on Wednesday morning as investors awaited the results of the European Central Bank's monthly policy meeting, set to take place on Wednesday rather than Thursday due to a German public holiday. The euro's recent strength has come...

The Republican-led House and Democratic-led Senate failed to come to an agreement on Tuesday evening, leaving the US government no choice but to shut down for an undetermined period. However, most are expecting the shutdown to be short lived and markets responded calmly with the dollar...

The euro was under pressure on Monday after volatile Italian politics flared up over the weekend. The common currency traded at $1.3482 at 6:55 GMT as gains against the dollar were limited by uncertainty about a US government shutdown. Italy's former Prime Minister Silvio Berlusconi has ordered...

US indices slipped in the early hours of Monday as no movement on the emergency spending bill prompted investors to brace for a government shutdown. With the midnight deadline fast approaching, a lack of progress between Democrats and Republicans has most expecting to see the Federal government...

With the tension between the US and Syria on the rise, investors are pulling their money out of riskier assets and looking for safe havens. The dollar, yen and franc have all gained from recent talk of military strikes in Syria, but the euro has lost ground, trading at $1.32. The Wall Street...

Greece's government is failing to make the cuts to get its next bailout payment. A key Italian politician faces jail time for having sex with and refusing to pay an underage prostitute. Portugal's government is on the verge of collapsing, risking the sustainability of its bailout reforms. And...

More than two months after the much contested Italian parliamentary elections, President Giorgio Napolitano appointed Enrico Letta of the center-left party as Prime Minister with the task of forming a new government. Letta was formerly the deputy head of the center-left party and served under...