Poland's economy is on a roll, averaging a 4.4 percent economic growth over the last 20 years, and investors are taking note: The nation's bonds have been easily outperforming those of Europe's traditional economic powerhouse, Germany.
German exports fell at their fastest rate in nearly three years in December and imports unexpectedly dropped, adding to signs that the Eurozone sovereign debt crisis hit the region's top economy hard in the fourth quarter.
A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
Brent crude rose above $112 on Friday as Supreme Leader Ayatollah Ali Khamenei warned that the Iran would retaliate over an oil embargo at the right time.
Portugal and Greece dominated the headlines out of Europe Wednesday, as both nations appeared to be opening new chapters in the continuing Eurozone sovereign debt crisis. Paradoxically, positive developments in one country were actually seen as the reason negative news were emerging from the other.
Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.
Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.
U.S. consumer spending was flat in December as households put the largest rise in income in nine months into their savings, potentially signaling slower consumption early in 2012.
Gold prices leveled off Friday, consolidating the week's dramatic gains, amid prospects for more increases next week and next month.
Spot gold finished slightly lower on Thursday as investors locked in profits after bullion jumped past key resistance in early trade.
Bruce Springsteen and the E Street Band have an extensive tour planned for 2012 in the U.S. and in Europe. The Wrecking Ball World Tour will begin on Mar. 18 in Atlanta, Ga. and end in Helsinki, Finland at the end of July 2012. Find the official schedule with all dates and locations for U.S. and Europe here.
Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
A rally for European stocks and the euro ran out of steam on Friday, with markets focused on debt talks between Greece and its private creditors that may prove the trigger for the next leg of the euro zone's debt crisis.
Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
European stocks were essentially flat on Monday at mid-day in choppy trade, bouncing from last week's sharp pull-back, with gains in defensives limited by a drop in banking shares led by Unicredit following its rights issue.
German exports bounced back in November boosting the country's trade surplus, a sign that Europe's largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.
U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the country's economic recovery is gaining steam.
U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
