This will be a record year for U.S. companies raising funds in euros, a financing option that should be widely used again next year if the euro weakens further against the dollar, as most analysts expect, and interest rate differentials remain wide.
"Expectations surrounding the ECB are running very high and this is driving European markets higher, weakening the euro and helping them do better than U.S. stocks," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.
FRANKFURT, Nov 27 French private bank Oddo & Cie challenged Chinese investor Fosun on Friday by launching a counter-bid to buy BHF Kleinwort Benson that valued the Anglo-German lender at 760 million euros ($805 million). Oddo said it would offer ...
Second, Finland's euro membership has allowed it to benefit from unprecedentedly low funding costs since the start of the euro crisis, unlike other stressed eurozone countries that saw their funding costs soar. That reflects Finland's high levels of ...
The euro, under pressure all week from expectations the ECB will also loosen policy further to support the euro zone economy, fell below $1.06 in trade thinned by the Thanksgiving holiday weekend in the United States.
This has so far helped the Australian Dollar gain 167 points vs. the USD, 613 vs. the GBP and 524 vs. the Euro. The change in unemployment was so great that my RBA Cash Rate model now expects rate increases of 92 bps.
Portugal's anti-austerity Left has taken power with the support of Communists and radical forces after eight weeks of bitter wrangling, breaking Germany's grip on economic policy and setting the scene for a bruising fight with Brussels on budget plans.
The euro has tumbled against the dollar in recent weeks, largely because investors anticipate that central banks on either side of the Atlantic are about to shift interest rates in opposite directions.