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European Stock Futures Rise Before Italy Bond Sale

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Submitted by Financial Adviser on Wed, 06/13/2012 - 19:12

Spain’s Record Yields Show Italy Bailout Risk

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Submitted by Financial Adviser on Wed, 06/13/2012 - 14:32

Overnight markets action 11 April 2012

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Submitted by Financial Adviser on Thu, 04/12/2012 - 10:06

US equities rebounded from 5 day losing streak with basic materials and financial sectors leading the way. Economists and the james Bullard conclude beige book paints a brighter economic picture for March than last Friday's payroll report did, as well as reading more upbeat than February's beige book. Still the more optimistic tone in the book doesn't take QE3 off the table, especially with recovery still at risk from rising energy prices. Crude-oil futures rallied getting a lift from a tame inventories report, rising U.S. equities, and a lower dollar.

Europe Gas Prices Go Above $10

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Submitted by Financial Adviser on Tue, 03/27/2012 - 10:16

For the first time since 2011, the average price for Gas across the 27 European nations just broke above the price of $10p/gallon.

With the US on average above USD4/gallon the countries are hurting getting deeper into debt.

Italy has been hit the hardest with Fiat Uno drivers paying 18% more this year than last for a litre of petrol. and Hungary is close behind paying about 17% more and only France is paying less this year than last.  

Get ready for insurers to implode

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Submitted by Financial Adviser on Thu, 02/16/2012 - 13:52
Did you know that large insures and their reinsurers have massive exposure to Europe? Moody's just downgraded Italy's mega-insurer Assecurazioni Generali and placed Europe's biggest insurer ( Pimco parent ) Allianz on negative outlook.
 
From Moody's:

European Financial Crisis Infographic

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Submitted by Financial Adviser on Tue, 01/31/2012 - 20:36
Imagine a 13 lane highway with the chain of trucks (like you see in NT) with a total length of three km.
 
 
That's about as close as you can explain the 2.91 trillion euros owed by economies of Ireland, Portugal, Italy, Greece and Spain to  Europe's largest banks. 
 

Video: Costa Concordia, Italian Titanic, strikes reef

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Submitted by Financial Adviser on Mon, 01/16/2012 - 01:33

The Costa Concordia ship had 4,229 passengers and crew aboard. The boat's operator, Costa Crociere, a unit of Carnival Corp & Plc, the world's largest cruise company, said "the Costa Concordia had been sailing on its regular course when it struck a submerged rock." (Source: Reuters)

Italian Mafia Offers Business Lending

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Submitted by Financial Adviser on Wed, 01/11/2012 - 12:03

From Reuters today:

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