Latest
-
“Whatever it takes” is no longer enough to shield the euro
Analysis The European Central Bank raised interest rates for the first time in more than a decade on Thursday, officially marking the end of negative interest rates. John Stepek breaks down what it means for the euro.
Analysis -
The junk-bond bubble bursts
News Yields in the US high-yield bond market (AKA junk bonds) have soared to more than 8% since the start of the year as prices collapse.
News -
Is the eurozone heading for another crisis?
Analysis The eurozone avoided breakup when Greece couldn’t repay its debts after the 2008 financial crisis. Now it’s in trouble again, says John Stepek. And this time the focus is on Italy – a much bigger economy than Greece.
Analysis -
Investors dash into the US dollar
News The value of the US dollar has soared as investors pile in. The euro has hit parity, while the Japanese yen and the Swedish krona have fared even worse.
News -
Ray Dalio’s shrewd $10bn bet on the collapse of European stocks
Opinion Ray Dalio’s Bridgewater hedge fund is putting its money on a collapse in European stocks. It’s likely to pay off, says Matthew Lynn.
Opinion -
A new headache for the ECB
News Italy, the eurozone’s third-largest economy, has debt of €2.759trn – almost 150% of GDP. A crisis there would pose an existential risk to the euro.
News -
Central banks are divided – so prepare for more turbulence
Analysis Central banks no longer agree on interest rates. The US is raising aggressively, while the UK is taking a more cautious approach and Japan is sticking to its plan of “yield curve control”. John Stepek explains why this matters, and what it means for the markets and your money.
Analysis -
ECB set to raise interest rates as stagflation beckons
News With inflation at 8.1% and economic growth at just 0.3%, the eurozone is on the brink of stagflation. To combat it the European Central Bank is to stop buying bonds immediately and could raise interest rates next month.
News -
Could a stronger euro bring relief to global markets?
Analysis The European Central Bank is set to end its negative interest rate policy. That should bring some relief to markets, says John Stepek. Here’s why.
Analysis
