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EU Policymakers Express Frustration As Greek Bailout Talks Flatline
Thursday, April 16, 2015 - 1:34pm | 365For months, Greece and its creditors have been working to come to an agreement regarding financial reforms in order to unlock the next installment of bailout money and keep Athens afloat. However, comments this week from EU policymakers suggest that Greece is running out of time and its...
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Euro Above $1.32 With Inflation Data To Come
Thursday, August 28, 2014 - 7:45am | 341The euro made its way above $1.32 on Thursday morning with inflation data due out on Friday. The common currency traded at $1.3201 at 7:55 GTM as investors questioned whether the panic about next week’s ECB meeting was warranted. Ever since European Central Bank President Mario Draghi...
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Euro Strength Could Spell Trouble For Struggling Economies
Thursday, March 13, 2014 - 7:31am | 295The euro pushed above $1.39, riding on a wave of momentum generated by last week's European Central Bank meeting. The common currency traded at $1.3938 at 5:50 GMT on Thursday morning as investors braced for what was likely to be disappointing data from China. Recently, eurozone economic...
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Euro Remains Under Pressure
Monday, November 11, 2013 - 8:07am | 342The euro continued to flounder on Monday morning after poor inflation data and a surprise rate cut from the European Central Bank helped push the common currency down over the past week. The euro traded at $1.336 at 5:15 GMT on Monday as the region came one step closer to setting up a banking...
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#PreMarket Primer: Monday, October 28: All Eyes On Apple
Monday, October 28, 2013 - 6:51am | 1127With 24 percent of the S&P 500 companies set to report third quarter earnings this week, Apple stands out as one of the most highly anticipated. The technology giant is set to open its books to the public after the bell on Monday. After the second quarter showed a negative trend in iPad...
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Euro's Strength Could Pressure The Bloc's Inflation Rate
Monday, October 21, 2013 - 7:10am | 310The euro traded steadily above $1.36 on Monday morning as the dollar battled damage from the US government's two week shutdown. The common currency traded at $1.3675 at 5:00 GMT on Monday morning. The dollar has been on the decline since the US government passed a bill which temporarily reopened...
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Market Primer: Monday, October 14: Investors Flock To The Yen As A Safe Haven
Monday, October 14, 2013 - 6:41am | 1113With the October 17 deadline only days away, investors looked to the yen for a safety net. Asian stocks fell and US share index futures dropped on Monday morning following failed budget negotiations over the weekend. Democrats and Republicans in Washington have reopened discussions about the...
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Euro Steady Above $1.33 Ahead Of Fed Meeting
Tuesday, September 17, 2013 - 7:19am | 296The euro traded steadily above $1.33 on Tuesday as Europe prepared for the US Federal Reserve's two day meeting. Despite recent poor data, the common currency got a boost over the weekend when Lawrence Summers dropped out as a candidate for Federal Reserve Chairman. Summers was rumored to be...
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Upcoming German Elections May Take Precedence Over Eurozone Repair
Monday, July 29, 2013 - 8:02am | 290The euro started the week strong trading just below $1.33 on Monday morning. The common currency has recently found strength in a weaker dollar despite ongoing financial and political problems throughout the bloc. Last week, the region's governments approved Greece's next installment of bailout...
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Euro Strong While Centralized Banking Structure Plans Take Shape
Friday, December 14, 2012 - 8:20am | 280The euro opened Friday morning at 1.3087, a strong start to the day after Thursday's finance ministers' meeting created renewed confidence in the crisis management effort in the region. The meeting resulted in the ministers signing off on Greece's next installment of aid money, a move that was...
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Benzinga Market Primer, Tuesday, December 4
Tuesday, December 4, 2012 - 7:21am | 928Futures Flat Following Wall Street Sell Off U.S. equity futures were flat in pre-market trading Tuesday following Monday's late day sell off. Stocks teetered around flat for most of the day Monday but sold off into the close on fears that a Fiscal Cliff deal is still a long ways away. Also, the...
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Euro Steady Ahead of Tuesday's Greek Aid Decision
Monday, November 19, 2012 - 8:11am | 353The euro held steady near $1.27 on Monday morning as investors waited to hear the final outcome of an EU finance ministers' meeting to discuss the next Greek aid package. With 17 countries represented plus IMF Director Christine Lagarde, there is potential for quite a bit of disagreement. Lagarde...
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Benzinga Market Primer, Tuesday, November 13
Tuesday, November 13, 2012 - 7:21am | 926Futures plummet as Greece gets more time on bailout, German Economic Sentiment Drops. U.S. equity futures dropped precipitously in early Tuesday trading following a day of think trading as only stock markets were open in observance of Veterans Day Monday. Overnight, European finance ministers and...
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Benzinga Market Primer, Friday, November 2: Non-Farm Payrolls Edition
Friday, November 2, 2012 - 6:10am | 1023U.S. equity futures fell slightly in early Friday trade ahead of the Non-Farm Payrolls release, the last such release before the Presidential election next week. See below for a full preview of the data by the numbers. Top News In other news around the markets: Boston Fed President Eric Rosengren...
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Euro Holds Steady as Greek Problems Placed on Back Burner
Thursday, November 1, 2012 - 7:08am | 301The euro continued to hold near $1.29 on Thursday morning, as little change was seen after Tuesday's teleconference between eurozone finance officials. The teleconference was the first in a series of talks to discuss whether or not to extend conditions for the next installment of Greek aid money...