European regulators plan to detail three scenarios when they publish the results of their stress tests on the region?s banks this week, according to a document by the Committee of European Banking Supervisors.
While broad market sentiment remains volatile as driven by economic data released in the US and China, as well as mixed corporate earnings results, concerns about sovereign crisis in the Eurozone has eased in recently weeks as banks requested lower amount of money from ECB's LTRO after the 12-month LTRO
PARIS (Reuters) - Stress tests being conducted in the European Union will show that all the major European banks have sufficiently capital, International Monetary Fund chief Dominique Strauss-Kahn told a French television station.
European stocks and U.S. futures drifted between gains and losses after Goldman Sachs Group Inc. settled with U.S. regulators and BP Plc rallied, offsetting disappointing earnings from Google Inc. Asian shares fell.
The markets are split for the moment. On the one hand, Japanese yen has been impressively strong as boosted by mild risk aversion. Nikkei dropped -2.86% to close at 9408 today as Google reported lower than expected earnings. Yen is also helped by the sharp fall in treasury yield where
Dollar remains generally soft today as European stocks open mildly higher while gold stays firm near to record high. World bank said in its quarterly update that "China's economic outlook remains favorable" even though growth "is probably going to ease a bit from the very rapid pace in the first
European stocks fluctuated after seven days of gains as declines by drugmakers offset speculation that stress tests will show the region's banks are robust. Asian shares advanced while U.S. index futures slipped