Tensions have again erupted in eurozone debt markets, with speculation swirling that Portugal could be forced to seek a bail-out after its borrowing costs climbed to new highs, writes Karen Maley.
Portuguese officials reacted frostily to press reports that Germany and France were pushing the country to seek an emergency bail-out. Portugal, they insisted, faced no such pressure, writes Karen Maley, of Business Spectator
Global financial markets continued to struggle overnight as investors fretted that the borrowings of debt-soaked eurozone countries won’t be permanently underwritten by Germany, writes Karen Maley.
After a strong performance in recent months Europe's largest economy appears to have taken a sharp turn for the worse, with a recent poll revealing investor sentiment in Germany has fallen rapidly and unexpectedly.
The yield on the 10-year US Treasury bond slid to its lowest since April last year, Greece is set to return to the markets and the yuan exchange rate hits a peak.
Spain doubles its financial borrowings, junk-rated Greece takes a trip to the barber, the sound of a dead cat bouncing, UK inflation falls and other business news of the day.
Germany announces Budget cuts and loss of 15,00 PS jobs, while the fall of the euro is unnerving European banks, there is high demand for US debt and other business news of the day.
Worried European banks are stashing money in the bank, there are profit downgrades aplenty emerging here, why the Germans are fun-loving spoilsports and other business news.
The Aussie dollar is falling, as it should, but where is the RBA? Plus, will Angela Merkel will manage to talk Europe back into recession? Asian growth still good on China's back and other business news.
The euro slides, dragging the Aussie dollar with it. Plus, the lowdown on German banks, the latest forecast on US economic growth and Greece has a small win -- at last.