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Has Greece Had Its 'Lehman Moment'?
Tuesday, June 30, 2015 - 10:40am | 375In a report published Monday, MKM Partners Chief Economist and Market Strategist Michael Darda discussed the possibility of a Greece exit from the euro and if so, is this Eurozone's "Lehman" moment. Darda noted that it's "too soon to tell" if Greece will leave the...
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Report: Greece Will Run Out Of Cash In 7 Days
Thursday, April 2, 2015 - 10:38am | 233In seven days Greece will run out cash, Reuters reported on Thursday. The country notified its creditors that it will have no more cash on April 9, emphasizing the urgent appeal for more loans. Reuters noted that the appeal was made on teleconference call on Wednesday with eurozone deputy finance...
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Greece To Ask For Last Minute Deal, But Will It Work?
Thursday, February 19, 2015 - 9:55am | 381On Thursday, Greek officials are planning to submit a new proposal requesting an extension to the nation’s “loan agreement” in a last ditch effort to secure much needed funding without agreeing to continue its bailout program. According to Greek Finance Minister Yanis...
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Greece Bailout Talks Grind To A Halt, Markets Reconsider Possible 'Grexit'
Tuesday, February 17, 2015 - 3:40pm | 392Markets around the world were on edge Tuesday morning after Greece and the European Union were unable to come to an agreement at Monday’s meeting regarding the nation’s funding issues. The collapse of negotiations was troubling for investors who have been underestimating the...
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Hedged European ETFs Lead Rally
Friday, January 23, 2015 - 3:51pm | 734The move by the European Central Bank this week was not a major surprise. However, the magnitude of the new qualitative easing plan did come in above many experts’ predictions. The higher-than-expected amount (€60 billion) that the ECB will inject into the economy each month...
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European Markets In For A Roller-Coaster Weekend
Thursday, January 22, 2015 - 4:12pm | 443The eurozone is primed for a long weekend of volatility as the European Central Bank held its policy meeting earlier Thursday. Three days later, Greece will head to the polls to elect a party into power. Both events are highly charged, as investors wait on pins and needles to see how one of...
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Elon Musk Isn't The Only Colorful CEO; Here Are 2 More
Tuesday, January 13, 2015 - 9:36pm | 479Tesla Motors Inc’s (NASDAQ: TSLA) CEO Elon Musk spoke at the Automotive News World Congress in Detroit on Tuesday. Among the topics Musk discussed included Tesla's financials, the Model X, global demand and...space. Related Link: Kelley Blue Book Analyst: Chevrolet Is Ready To Take On...
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Deflation In The Eurozone Could Hurt These 3 Companies' Expansion Efforts
Friday, January 9, 2015 - 1:57pm | 399Data out Wednesday confirmed what many have been fearing; the eurozone slipped into a period of deflation in December. The report showed that consumer prices in the bloc fell 0.2 percent from a year earlier, a worrying sign that the region’s financial troubles may continue to worsen. If...
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Should Greece And Another Round Of The European Debt Crisis Be On Your Radar?
Tuesday, January 6, 2015 - 1:56pm | 1118So far at least, the New Year has been anything but happy for stock market investors. In short, traders have ignored the traditional seasonal pattern and have instead focused on the negative. So, the worries are back. Greece is back. And after Monday, some fear appears to be back at the corner...
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Sterne Agee: Fed Committed On International Growth And Domestic Inflation
Friday, November 21, 2014 - 11:30am | 310Lindsey Piegza, Sterne Agee's chief economist commented earlier this week on the Fed's October meeting minutes. While the minutes offered no specifics of a timeline for rate increases, it focused mostly on new barriers to rate hikes. “In the September minutes, international...
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JPMorgan Recommends Being Underweight U.S. Equities & Overweight E.U. Equities
Monday, November 17, 2014 - 1:01pm | 290Mislav Matejka, JPMorgan's London-based equity strategists is recommending clients allocate their portfolios Overweight eurozone equities at the expense of U.S. equities. "Eurozone has posted an exceptionally poor performance year to date, lagging the U.S. by 22 percent in U.S. dollar...
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Dow Finishes Down 100+ Points For Second Consecutive Day
Tuesday, September 23, 2014 - 4:57pm | 675For the third consecutive day, stocks continued lower. This time it is on weak European economic data and concerns about increased U.S. involvement in Middle Eastern conflict. Major Averages The Dow Jones Industrial Average fell 117 points, or 0.68 percent, to 17,056. The S&P 500...
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Brent Under Pressure From Subdued Global Demand
Thursday, August 21, 2014 - 9:17am | 347Brent crude oil traded steadily below $102 on Thursday morning as investors continued to worry about oversupply rather than focusing on instability across the globe. The commodity traded at $101.64 at 8:50 GMT following the release of disappointing data from both the eurozone and China. China...
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Dow Posts Triple-Digit Point Gain; S&P 500 And NASDAQ Also Higher As Global Concerns Calm
Monday, August 18, 2014 - 4:59pm | 2150U.S. stocks gained as geopolitical tension eased as the Nasdaq finished the day at a 14-year high. Russia stated that it settled a dispute over a humanitarian aid convoy to Ukraine while a five-hour meeting between officials of both countries may have brought about moderate progress. In Iraq...
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Eurozone PMI Confirms Patchy Recovery
Tuesday, June 24, 2014 - 9:01am | 393The euro was steady at $1.3602 at 5:30 GMT on Tuesday morning after a rocky start to the week on Monday. The common currency was weighed down by tepid PMI data which indicated that the region's sluggish recovery was continuing to stall. The Wall Street Journal reported that the eurozone'...