Investors breathed a sigh of relief on Monday after Greece’s election eased fears that Europe’s currency bloc would break up, boosting shares and sending the euro to a one-month high.
He likes to call himself “Mr. Normal,” which is a decided change from the many other epithets, like “Marshmallow man,” that have been tossed his way over the years. But Socialist leader Francois Hollande, who is set to become the next president of France
Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe’s efforts to solve its debt crisis.
Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms on record, as concerns about economic growth and monetary tightening spurred a sell-off in commodities.
Oil prices fell on Friday after a massive earthquake shook Japan, the world’s third-largest oil consumer, sending a tsunami sweeping across the Pacific Ocean and pushing U.S. crude prices below $100.
Egypt’s turmoil is having limited impact on global financial markets, where investors see few parallels with Iran’s 1979 revolution or the contagion that followed Thailand’s meltdown 13 years ago.
Crude futures dropped as doubts about future oil demand sent prices to a 2010 low. Light, sweet crude for June delivery traded $1.83, or 2.6%, lower at $69.78 a barrel on the New York Mercantile Exchange after dropping to $69.27 a barrel, the cheapest the front-month contract has traded since December. Brent crude on the […]
After a nearly $1 trillion rescue package meant to end Europe’s debt crisis once and for all, financial markets took a second look Friday and began to worry about how the plan would actually work and the implications of the drastic austerity measures for the fragile European economies. The worries sent financial markets into a […]