spain

The French economy unexpectedly stagnated during the 2nd quarter, according to France's National Institute of Statistics and Economic Studies, which reported that France's 2nd quarter economic growth rate was 0% and that consumer spending fell 0.9%. The news is troubling because France is the...

Switzerland's central bank increased its efforts to cool a rising Swiss franc that threatens the competitiveness of the country's exporters. The Swiss franc has become an even more popular safe haven currency in the aftermath of Standard & Poor's downgrade of the United States' credit rating...

The governments of Italy and Spain are breathing a sigh of relief as a bond purchasing market intervention by the European Central Bank (ECB) has pushed down yields on bonds issued by the two troubled eurozone members. The European Central Bank's previous efforts to keep the yields of troubled...

Several Asian stock market indexes hit 52-week lows during trading on Monday in Asia, the first day of trading after Standard & Poor's lowered its rating of United States government debt. While much of the selloff in Asian stocks could be blamed on the Standard & Poor's move to lower its...

The turmoil surrounding Standard & Poor's decision Friday to downgrade the U.S. government's debt rating to AA+ from AAA weighed on global markets Monday, with equities around the world tumbling. Asian markets closed much lower of the session, with Japan's Nikkei index falling 2.18% and China'...

The euro rose against the U.S. dollar on Monday as the European Central Bank decided to start buying Spanish and Italian bonds. Presently, the euro is trading around $1.4345 against the greenback, or 0.46% above its previous close. At the same time, the euro is suffering against the Japanese yen,...

Stock markets across Asia had a dismal performance a day after the Dow Jones Industrial Average suffered its biggest single-day drop in nearly three years. Asian stock markets started the week off on a positive note, rising after news broke that President Barack Obama and Congressional leaders had...

The euro edged higher against the U.S. dollar on Friday, despite mounting concerns that Italy's debt burden is becoming unbearable. Presently, the euro trades around $1.4135, or 0.28% above its previous close. At the same time, the euro is retreating against the Japanese yen. The yen is fighting...

The euro edged a bit lower against the U.S. dollar on Thursday, ahead of the ECB's monthly interest rate meeting. Presently, the euro retreated 0.26% against the greenback to trade around $1.4287. However, the euro is making massive gains against the Japanese yen, after the Japanese currency...

The euro has moved down to around the 1.425 level against the US dollar in the first hours of trade in Europe. Technicians see trend-line resistance at 1.4367 with support seen at 1.4183, according to India Forex. Economists expect the European Central Bank to keep its current base rate unchanged...

The euro recovered against the U.S. dollar on Wednesday as the U.S. debt deal failed to reassure investors that the U.S. debt crisis will be resolved quickly. Presently, the euro added 0.96% to its value against the greenback to stand around $1.4341. At the same time, the European currency is...

The euro continued to slide against major currencies on Tuesday as early optimism about the new Greek bailout evaporates and pressure starts mounting once again on Spain and Italy. At the moment, the euro surrendered 0.26% of its value against the U.S. dollar to stand around $1.4213. At the same...

Moody's placed Spain's government bond ratings on review for possible downgrade. The House postponed a vote last night on Speaker John Boehner's plan to raise the federal borrowing limit, but this morning Boehner said to reporters, "I'm smiling."

Moody's Investors Service announced on Monday morning that it was placing the credit rating of Spain and five of its biggest banks under review for possible downgrades, while downgrading the credit rating of six Spanish regions. One of the main factors cited by Moody's for Spain's possible...

The euro surged on Tuesday against the U.S. dollar as the U.S. wasted another day in failed attempts to resolve its debt crisis. Presently, the euro is trading around $1.4504, or 0.89% higher than previous close. The euro strengthened against the Japanese yen as well, rising 0.65% to stand around ¥...