EU Morning Report Focus turns to the UK Retail Sales The US dollar edged higher against high yielding currencies such as the Aussie and the euro but fell against safe haven currencies such as the Swiss franc and Japanese yen. Producer Price Index in July came in higher than expected showing a 7.2% gain higher [...]

AP – Spanish and Italian stocks are leading European markets higher after the European Central Bank signaled it would buy the two countries’ bonds in order to lower their borrowing costs. Related Reading:EU Morning Report- Swiss franc sharply drops after SNB’s measuresEU Morning Report- Reserve Bank of Australia keeps interest rates on holdEU Morning Report- [...]

EU Morning Report Dollar rose ahead of the Non Farm Payrolls data The euro dropped against its major counterparts after the European Central Bank decided to keep interest rates unchanged at 1.50%. ECB President Jean Claude Trichet’s comments during the following press conference weighed on the euro as he sounded more cautious over the health [...]

EU Morning Report Soaring Italian and Spanish bond yields weigh on the euro The US dollar strengthened against high yielding currencies such as the euro and the Australian dollar but plummeted against the safe haven Swiss franc and Japanese yen. With US policymakers reaching a deal on the US debt ceiling, the threat of a [...]

EU Morning Report US policymakers agree on a US debt ceiling plan The US dollar strengthened against a basket of currencies as US policymakers reached a last-minute deal on the US debt ceiling. Concerns for a US default faded after US President Barack Obama announced a deal to raise the debt ceiling before the August [...]