Recent Posts

Italy gets starvation rations from Draghi

What could the European Central Bank (ECB) realistically do to help Italy, even if it were so minded? Not much, is the depressing answer – in specific new aid anyway. That’s unless Italy ends up getting itself in such a mess that it’s forced to hand over financial control and enter into another ECB bailout program. We’re nowhere near that ...

Read More »

US stocks retreat as dollar strengthens; oil rebounds

Bloomberg US stock futures turned lower and shares dropped in Europe and most of Asia on Monday as investors struggled to drum up any optimism after a roller coaster few weeks. The dollar rose, oil halted a 10-day sell-off and the pound slid as the UK’s premier fought to save her Brexit divorce plan. Futures on S&P 500, Dow and ...

Read More »

Indian equities drop after weekly gains as oil-supply cut weighs

Bloomberg Indian equities dropped, reversing earlier gains, as a plan by major oil producers to cut supply to boost the fuel’s price weighed on sentiment. The benchmark S&P BSE Sensex Index dropped 0.7 percent to 34,919.97 in Mumbai, after capping its first consecutive weekly gains in two months. Twenty-five of the 31 Sensex members fell on Monday, paced by a ...

Read More »
Send this to a friend