Mario Monti

The euro found some footing on Tuesday morning following Monday's roller coaster ride after Italian Prime Minister Mario Monti unexpectedly announced that he would be stepping down. Initially, the news rattled markets as the debt ridden nation is already struggling to repair a broken financial...

Futures Rise on Global Growth Bets U.S. equity futures rose in pre-market trading on renewed hopes of global growth following the strong German ZEW Economic Survey release. The survey, a key indicator of German and European growth, rose to 6.9 in December from -15.7 in November and better than...

Italian bank shares led major European bourses lower in early Monday trade as the political crisis which has been swirling for the past few months has finally flared to unprecedented levels. Over the weekend, former Prime Minister Silvio Berlusconi announced his intention to run for office once...

U.S. equity futures rose Monday as bond markets remain closed in observance of Veteran's Day. Over the weekend, Greek lawmakers voted and passed the austerity budget, making way for the Troika to release the next tranche of the bailout payments so that Greece can pay off maturing debt. Also, late...

The euro got a bit of momentum on Wednesday morning, trading at 1.2998. The common currency gained strength after an Italian debt auction which restored a bit of confidence in the country. Investors turned their attention to Italy this week as Italian politics became heated just before its regional...

Late Tuesday, reports surfaced that the Bundesbank was preparing a lawsuit against the European Central Bank claiming that the ECB is violating its mandate in launching the latest round of bond purchases, known as the Outright Monetary Transactions. Unlike the Federal Reserve, which has a dual...

The global sport of soccer is being thrust to the forefront of markets this week as Manchester United, the world's most valuable sports franchise, seeks a re-IPO. Also, Standard Chartered, the sponsor of Liverpool F.C., is reported to have funneled billions of dollars of transactions into Iran....

At first glance, traders seem to be disappointed with the European Central Bank President Mario Draghi's decision not to launch a new round of bond purchases. However, hidden inside the rhetoric lies a concrete plan for Draghi to save the Eurozone and protect the euro. Draghi stated, "Risk premia...

The Economist in an article dated July 8, thinks the EU will muddle through the current crisis. Because critics underestimate the European art of compromise and overlook the determination in Europe to make the euro stick. Pulling the euro apart would be ruinously costly and threaten the EU’s...