European confidence in the economic outlook dropped to the lowest in eight months in June as policy makers struggled to craft a second bailout package for Greece.
BusinessWeek.com — Finance
Investor confidence in Germany, Europe’s largest economy, dropped to the lowest in 2 1/2 years in June as the region’s debt crisis dimmed the economic outlook.
BusinessWeek.com — Finance
European Union leaders will decide on additional aid for Greece by the end of June and have ruled out a “total restructuring” of the nation’s debt, said Jean-Claude Juncker, head of the group of euro-area finance ministers.
BusinessWeek.com — Finance
The International Monetary Fund said it aims to complete the selection of a successor to Dominique Strauss-Kahn by June 30.
BusinessWeek.com — Finance
Federal Reserve policy makers said the economy is recovering at a “moderate pace” and a pickup in inflation is likely to be temporary, as they agreed to finish $ 600 billion of bond purchases on schedule in June.
BusinessWeek.com — Finance
April 21 (Bloomberg) — Roberto Perli, managing director at International Strategy & Investment Group, discusses the outlook for Federal Reserve monetary policy. (Source: Bloomberg)
BusinessWeek.com — Finance
In this video I look at the DOW, RIFIN, NDX100, RUSSELL2000, VIX, I think the move down clearly seen in all the stock market indices has more room to run. Some indices are weaker than others, DOW, RUSSELL look particularly weak. VIX is still holding major support and for now it is still enabling a fall in stocks, but should strong support at around 27.00 give way , I think we will have to be more cautious on our bearish view in stocks. The charts in this video are available for a free download from my website from the Downloads section. www.the-elliott-wave-practitioner.com
Video Rating: 4 / 5
This is what happens when the US Senate want to Audit the Federal Reserve. The Dow Jones industrial average (INDU) lost as much as 997.21 points in volatile trading. At 3:00 pm it was down 410 points, or 3.8%. The Dow’s biggest one-day point selloff on a closing basis was Sept. 29, 2008, when it fell 777.68 Today, we have reach an apex in our quest to prevent the HFT “Black Monday” juggernaut , as absent the last minute intervention of still unknown powers, the market, for all intents and purposes, broke. What happened today was no fat finger, it was no panic selling by one major account: it was simply the impact of everyone in the HFT community going from port to starboard on the boat, at precisely the same time. And in doing so, these very actors, who in over a year have been complaining they are unfairly targeted because all they do is “provide liquidity”, did anything but what they claim is their sworn duty. In fact, as Dennis Dick shows (see below) they were aggressive takers of liquidity at the peak of the meltdown, exacerbating the Dow drop as it slid 1000 points intraday. It is time for the SEC to do its job and not only ban flash trading as it said it would almost a year ago, but get rid of all the predatory aspects of high frequency trading, which are pretty much all of them. In 20 minutes the market showed that it is as broken as it was at the nadir of the market crash. Through its inactivity to investigate the market structure, the SEC has made things a …
Video Rating: 5 / 5
Richard W. Fisher, president of the Federal Reserve Bank of Dallas, said he isn’t inclined to support further quantitative easing after the central bank completes its purchase of $ 600 billion in Treasuries in June.
BusinessWeek.com — Finance
Feed
