LONDON: European stock markets edged up yesterday as investors had expected the continent's leaders to fail to reach a breakthrough in their crisis resolution efforts.
"Well for once a European summit did not disappoint; they promised nothing...
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Private-sector output across the 17-nation euro zone contracted in May at the sharpest pace since mid-2009, the preliminary Markit purchasing managers index for the region indicated Thursday. The composite PMI index fell to a 35-month low of 45.9...
This is really cool for fans of economic data.
Tomorrow we get a datapoint that's never existed in the US before.
Markit is releasing a preliminary or "flash" PMI report that ostensibly teases the official ISM number, which will be released at...
From Markit Economics, a chart of Italian Consumer Confidence, which has dived 10% just since March.
Really, it's a chart of depression, more than confidence.
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The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Houghton Mifflin Harcourt Publishing...
The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Residential Capital, LLC.
The...
Italy's economy is shrinking quickly.
For Q1, the economy shrank 0.8% sequentially. That's worse than the consensus, which was either 0.7% or 0.6% according to Markit.
A wider and wider swath of the Eurozone economy is in desperate need of a...
Markit, a leading, global financial information services company, today announced that it has created a new set of tools to help traders and risk managers identify the correlations between changes in the value of credit default swaps (CDS) and...
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