| Cosima F. Barone | Vol. XI - Issue #211 | Apr. 30, 2012 |
INSIDE THIS ISSUE:
Equities Shrug Off Heightened Economic Uncertainty
The Eurozone is in a vulnerable phase for economic and strategic reasons, the U.S. grew less than expected in the first quarter of 2012, and economic growth is slowing in Asia as well. Yet, equities were able to shrug off heightened global economic uncertainty and to stage a recovery amid mixed earnings and economic data cross currents. ... Read more
France's Electoral Dilemma
France’s presidential election will be the pivot around which Europe will move starting in May 2012. Election time is when Paris looks inward, foreign policy is largely ignored and politicians focus almost exclusively on domestic issues. Yet, France’s foreign policy is very important for Europe and beyond its borders. ... Read more
A Glance At World's Insightful News
In Focus: ARGENTINA, BRAZIL, CANADA
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| Last updated: May. 19, 07:47 | Page 1 of 2 |
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The MSCI Emerging Markets Index (MXEF) sank 1.5 percent to 906.61 by 4:32 p.m. in New York, increasing its loss on the week to 6.6 percent, the most in eight months. The gauge erased its annual gain as Europe’s debt crisis worsened.
By Christine Harvey and Stephen Gunnion
Bloomberg News, May. 19, 2012
U.S. stocks tumbled for a third week, pushing the Standard & Poor’s 500 Index to its longest losing streak since August, amid concern global economic growth is slowing and Greece may leave the euro area.
By Lu Wang
Bloomberg News, May. 19, 2012
Share declines show investors expect slowdown
By Gregory Meyer
Financial Times, May. 18, 2012
Pentagon labels surveillance as national security threat
By Geoff Dyer in Washington
Financial Times, May. 18, 2012
U.S. stocks fell, extending the biggest weekly loss since November, as Facebook Inc.’s record initial public offering failed to boost confidence in a market rattled by Europe’s debt crisis. Treasuries trimmed losses. The Dollar Index fluctuated d after a record 14 straight gains.
By Michael P. Regan and Rita Nazareth
Bloomberg News, May. 18, 2012
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The Stoxx Europe 600 Index (SXXP) fell 5.2 percent to 238.88 this week.
By Corinne Gretler
Bloomberg News, May. 19, 2012
Canada’s dollar dropped the most since November, falling for a third straight week as concern Europe’s debt crisis will worsen overshadowed government data showing inflation and factory sales rose more than forecast.
By Chris Fournier
Bloomberg News, May. 19, 2012
Voters told June poll is in effect a referendum on euro membership
By Peter Spiegel in Brussels and Kerin Hope in Athens
Financial Times, May. 18, 2012
A Pentagon study suggests Beijing leaders want to project power while avoiding confrontation with neighbors.
By JOHN H. CUSHMAN Jr.
The New York Times, May. 18, 2012
Turkey's central bank seeks to reassure markets that the lira will continue to perform well and policies keeping it strong will remain.
By YELIZ CANDEMIR
The Wall Street Journal, May. 18, 2012
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The MSCI Asia Pacific Japan Index (MXAP) declined 5.1 percent to 112.58 this week, wiping out this year’s gains.
By Norie Kuboyama and Kana Nishizawa
Bloomberg News, May. 19, 2012
Group scraps deliveries over alleged ‘contract violations’
By Jude Webber in Buenos Aires
Financial Times, May. 18, 2012
Economic output contracts 0.35% in month
By Joe Leahy in New York
Financial Times, May. 18, 2012
In an abrupt shift, the German chancellor, Angela Merkel, suggested that Greece hold a referendum on remaining in the euro zone during a telephone call with the Greek president.
By MELISSA EDDY and NICHOLAS KULISH
The New York Times, May. 18, 2012
U.K.'s De La Rue is preparing to print an alternative Greek currency in the event that the country is forced to exit the euro zone, a source tells Dow Jones Newswires.
By JESSICA HODGSON
The Wall Street Journal, May. 18, 2012
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| Last updated: May. 19, 07:47 | Page 1 of 2 |