Stocks Recover after Obama fails to Scare Investors
U.S. stock markets surged following early weakness after President Obama failed to reveal any new plans to regulate U.S. financial markets. On the opening stocks were down because of escalating Greek debt problems and fear that Obama would announce more austere financial market restrictions.
Stocks Recover as Buyers Step in after Midday Break
After All is Said and Done, Euro Ekes Out Modest Gain
Euro Upside Momentum Falters after Gap Higher Opening
Euro Gaps Higher after EU unveils Greece Bailout Plan
Euro Reverses after Early Weakness; Trichet Comments Create Optimism
Stocks Retreat after Fed’s Hoenig Calls for Rate Hike
U.S. equity markets retreated after Kansas City Fed President Hoenig called for the central bank to begin increasing interest rates before another asset bubble forms. Although a Treasury auction early in the session indicated that the Fed would most likely keep interest rates low for a prolonged period, nervous traders chose to listen to Hoenig and sold equities.
U.S. Dollar Trading Mixed after Friday’s Employment Report Rally
U.S. Equity Markets firm after EU agrees on Financial Aid Package
Euro Rebounds after Merkel Comments, Trichet’s action
The Euro rebounded overnight after German Chancellor Angela Merkel presented her aid package plan for cash-strapped and debt laden Greece. Short covering turned the Euro around after Merkel said she supports loans from the International Monetary Fund and other European nations as a last resort if all other means of support fail and the country faces default.