fundamental alert
Article
Previous Articles
Print
- Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
- Friday, 16 October 2009 11:44:15 GMT Canada's Consumer Prices Decline for 4th Month; Leaving BOC on Hold
- Friday, 16 October 2009 07:52:07 GMT Swiss Retail Sales Indicate Slow Economic Growth
- Friday, 16 October 2009 07:10:05 GMT Oil Retains Momentum into Week-End, Metals Vulnerable to Further Downside
- Friday, 16 October 2009 04:57:15 GMT Antipodean Star Still Shines for Now (Opening Comment)
- Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
- Thursday, 15 October 2009 18:27:04 GMT A Drop in Gas Inventories Extends Crude Oil's Rally to a Sixth Session
- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
- Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
- Thursday, 15 October 2009 05:24:16 GMT Euro Set to Test 1.5000 (Opening Comment)
- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
Ecuadorean President Rafael Correa said this afternoon that "the country is in default" and that they would not pay outstanding "illegal" debt, ahead of a $31 million coupon payment due on Monday. Mr. Correa threatened to stop paying it last month, and has suggested they may do so since taking office in 2007. US stock markets remain down, and while this announcement wasn't entirely unexpected, it does add to the risk aversion that we've been seeing throughout the day following the US Senate's failure to pass an auto sector bailout bill and speculation over whether or not theWhite House will step in and utilize TARP funding in order to salvage the plan. Futhermore, the news may lead traders to be a bit more cautious when it comes to emerging market assets.
Resources
