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Say Oui To This Year-End Trade Idea
Thursday, December 8, 2016 - 10:30am | 415Yes, that headline indicates that what follows is a discussion on French stocks and the iShares MSCI France Index (ETF) (NYSE: EWQ), the largest France exchange-traded fund listed in New York. Oui To EWQ EWQ is more than 20 years old and home to $284 million assets under management. It is the...
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Brexit Buyers' Remorse? U.K. Realizing Breaking Up May Be Hard To Do
Friday, October 7, 2016 - 1:24pm | 751The U.K.'s pound plummeted to a 31-year low early Asian trading Friday, as investors slowly and steadily reacted to the realization that a Brexit will soon become a reality. However, since then, the U.K. currency has recovered most of the lost ground and is trading at $1.2455 a pound, off the day's...
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Past European Terror Attacks' Effect On U.S. Markets Might Not Be What You'd Think
Friday, July 15, 2016 - 12:07pm | 544An estimated minimum of 84 people died after an individual drove a truck into a crowd celebrating Bastille Day in Nice, France. Shortly afterward, French President François Hollande said the attack was of "an undeniable terrorist nature" according to the BBC. The attack, if...
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From Grexit To Frexit: Financial Media Stretches To Find Catchy, Derivative Nicknames For Countries Leaving The EU
Wednesday, July 13, 2016 - 10:00am | 484Before "Brexit," there was "Grexit." The term "Grexit" — a combination of the words "Greek" and "exit" — is believed to have originated by Citigroup's economist Ebrahim Rahbari in 2012. Supporters of "Grexit" believe Greece's economic future is better served apart from the European...
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Greek Bailout Deal: Agreed To By Many, Welcomed By None
Monday, July 20, 2015 - 12:57pm | 352On Monday, Greek banks are set to reopen after closing their doors for three straight weeks following the European Central Bank's decision to extend further credit lines to the nation's struggling financial sector. While EU officials and Greek leaders have agreed to a flimsy deal to keep the nation...
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One Step Closer To A Grexit?
Wednesday, July 8, 2015 - 2:35pm | 413Barclays analyst François Cabau believes that Tuesday's Euro Summit represented "one more step toward Grexit." He explained that no agreement was reached during the meeting, with the Greek position already having been weakened after Sunday's referendum vote. According to Cabau, eurozone leaders...
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Cameron Working UK Membership Revamp
Friday, May 29, 2015 - 1:03pm | 367This week British Prime Minister David Cameron set out to persuade EU leaders to rethink the UK's membership on a two-day trip around Europe. Cameron has promised to hold a referendum on the region's membership in the EU by 2017, but first he plans to revamp it to make it more appealing to the...
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Cameron Wastes No Time Negotiating A New EU Membership For The UK
Tuesday, May 12, 2015 - 1:58pm | 447Just days after being re-elected in a close-call vote, British Prime Minister David Cameron said he's already begun the process of renegotiating the UK's membership in the EU. One of Cameron's campaign promises was to hold a referendum on the region's EU membership once he'd negotiated a better...
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What Is Alibaba's Jack Ma Doing In Paris?
Thursday, March 19, 2015 - 12:36pm | 256Shares of Alibaba Group Holding Ltd (NYSE: BABA) are up on Thursday, and Jack Ma, founder and Executive Chairman, continues to meet with French leaders. But, what is he doing in Paris? The visit is contextualized in a wider European tour, which has been drawing plenty of media attention. On...
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ECB Easing Could Strengthen Headwinds For U.S. Firms
Wednesday, January 21, 2015 - 12:23pm | 395With the European Central Bank set to meet on Thursday, most are expecting the bank to roll out a large scale quantitative easing program in an effort to boost the region’s failing economy. This week, French President Francois Hollande commented that he saw the bank announcing its plans...
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#PreMarket Primer: Monday, June 23: BNP Expected To Pay $9 Billion For Sanctions Violations
Monday, June 23, 2014 - 7:27am | 1139US prosecutors and BNP Paribas SA are likely to reach an agreement which will force the bank to pay between $8 and $9 billion in penalties for violating US sanctions. The Wall Street Journal reported that the two sides have agreed to broad terms which include the bank's admission of guilt...
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Brent Set To Finish The Week On A Loss
Friday, June 6, 2014 - 8:12am | 362Brent looked poised to end the second week in a row on a loss as it hovered under $109 per barrel on Friday. The commodity traded at $108.95 at 8:20 GMT as tension in Ukraine looked to be easing and global supply increased. The situation in Ukraine has been making progress as the nation...
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Brent Nears $110 On Renewed Conflict In Libya
Monday, May 19, 2014 - 7:12am | 314Brent crude oil began the week a hair below $110 as geopolitical tension kept supply interruptions at the front of investors’ minds. The commodity traded at $109.99 at 5:45 GMT on Monday morning as conflicts in both Libya and Ukraine were in focus. Reuters reported that over the weekend,...
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EU Fringe Politics Likely To Be A Theme In 2014
Friday, December 27, 2013 - 8:38am | 314The euro looked poised to end the week on a high note and traded at $1.3763 at 6:15 GMT on Friday morning. The common currency has been strong in recent weeks as strong economic data has shown that the bloc has turned a corner towards recovery from its financial crisis. However, as member states...
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Youth Unemployment Tops Eurozone Priorities
Wednesday, May 29, 2013 - 6:34am | 307The euro dipped below $1.29 on Wednesday as investors waited for unemployment data from Germany, the eurozone's largest economy. The data is expected to shed light on the state of the German economy, and could influence the European Central Bank's next policy move. Unemployment has been a growing...