Author: Alon Levitan

The IMF issued a warning to Hong Kong officials today that they might need to back their banks. Nigel Chalk, the IMF’s China mission chief said that Hong Kong will need to guarantee bank deposits if the situation in Europe...

On Tuesday, S&P Ratings announced ratings on the European Financial Stability Facility at “AAA”, however, put the credit rating on a negative watch, which means S&P could move to downgrade the...

The markets are at a virtual standstill and there is likely to be a stalemate between bulls and bears until investors are able to thoroughly sift through and absorb the many implications of this week’s E.U. summit....

Equity markets in the U.S. consolidated, as investor focus remained firmly fixed on European leaders and now the U.S. Treasury Secretary, Tim Geithner. French and German officials continue to map out and present their plans for...

As the situation in the Eurozone remains dire, and because the leadership there is desperate and grasping at any straw which would keep the walls from tumbling down, many believe that now is a good time to call in a couple of...

Despite earlier similar rhetoric, this week will be a crucial one for the Euro’s fate. The two-year long Eurozone crisis will culminate this week, when the E.U. Summit begins on Friday. Expectations are growing that a...

Earlier today, Eurostat released its second reading of the Eurozone’s 3rd quarter GDP results. Economists polled had expected that the annualized quarter would show a decline on a seasonally adjusted basis to 1.4% from the...

The Bank of Canada under Governor Mark Carney is expected to announce its interest rate decision on Tuesday December 6th at 2pm. The market consensus is for the BOC to keep interest rates on hold at 1%. The Canadian Dollar was...

In spite of some positive economic data from the Eurozone this morning, specifically better than expected numbers in October retail sales, the majority of data has been disappointing, and the overall assessment for the...

The U.S. Non Farm Payrolls report showed that payrolls increased by 120,000 in November. In an unexpected move, the unemployment rate dropped to 8.6% from 9.0%. This is the lowest print of unemployment rate since March 2009. The...