SAN FRANCISCO (MarketWatch) — Crude-oil futures fell by more than $2 a barrel Friday as concerns over Greece’s debt crisis and weak U.S. gasoline demand helped set prices up for a loss on the week.
Shilling says new global recession is here - Howard Gold's No-Nonsense Investing - MarketWatch
NEW YORK (MarketWatch) — For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. Unlike many gloom and doomsters, Shilling is a genial sort who likes cracking jokes and keeps bees as a hobby. But when it comes to economics he’s dead serious: He’s been consistently gloomier than the economic fraternity and consistently right over the past few years.
The overnight trading block produced remarkably similar results to the price action that has developed each of the past few days: lower in Asia, then rebound in Europe. That seems to be the case today as well, with markets setting their low shortly after the European open, and pressing their session highs ahead of trading in New York.
FXstreet.com (Córdoba) - The Global Currency Strategy Team at Brown Brothers Harriman pointed out that the recovery in risk appetite remains the key driver of price action across G10 currencies on the back of the LTRO of the ECB and improvement in US economic data. "ECB actions are likely in part to have also contributed indirectly to the solid periphery auctions seen thus far this year as periphery yields have fallen."
The euro dropped from a two-week high against the dollar as European stocks fell and Greek officials held debt-swap talks for a third day, damping investor demand for the shared currency.
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