It's been an ama-a-a-zing week for risk-on currencies, but this strategist thinks a shift is coming.
The U.S. needs to be careful of what Greeks call "mati"—the evil eye. While the market cheered the Greek bailout deal with a 340 point climb, a deal is not a deal until the deal is done.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Following Thursday's much-anticipated euro zone deal, investors are looking again at stocks although a rally in Europe petered out at mid-day.
The market whip, with Jon Najarian, OptionMonster.com; Jim Iurio, TJM Institutional Services; and Ken Heebner, Capital Growth Management. And Charles Dallara, former asst. Treasury Secretary who negotiated the Greek debt agreement, discusses what happened behind closed doors leading up to the deal.
“Buy Low. Sell High. And don’t get them confused!” There are few more important rules for investors. I’m struck once again by the faithful Pavlovian response of those who were hating stocks as they dipped briefly into Bear Market territory and now, after a 14% gain (in the S&P 500), are waving their bidding paddles and fanning their short-term gains.
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.
Negotiators remain divided, however, on the issue of what will happen to the remaining 50 percent of the current outstanding 205 billion euros ($284.9 billion) of debt load.
With France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a presidential election.
Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The FT reports.
Here’s your quick translation of the news that the International Monetary Fund is “considering” a plan to back a special investment vehicle being proposed as part of the expansion of the European Financial Stability Facility.
Can they make it? Amid reports of intense disagreements, European Union leaders are now out of time for their EU Summit meeting tomorrow, after which German Chancellor Angela Merkel said they would present a coherent plan for dealing with the euro zone crisis. There were reports that began surfacing yesterday that disagreements were so intense it was possible it could be put off again. The EU Finance Ministers meeting scheduled for Wednesday has reportedly been postponed.
Discussing the euro zone debt crisis, and possible solutions, with Andrew Busch, BMO Capital Markets, and Nicholas Burns, former U.S. ambassador to Greece.
The currency markets have been all about Europe all week long. Here's a way to trade the upcoming debt-crisis meetings.
The Fast Money traders weigh in on Europe's debt problems and it impact on U.S. markets.
"Even if the Europeans come up with something very robust...to deal with the crisis, this is going to be a long slog," says former FDIC chief Bill Isaac.
Angela Merkel and Wolfgang Schaeuble sure know how to ruin a party. A euro party, that is.
The euro was doomed from its inception and is the reason that Europe is in an appalling mess, an economist told CNBC Monday.
Italian Prime Minister Silvio Berlusconi won a crucial vote of confidence on Friday, giving his struggling center-right government a new, but probably short, lease of life.
The domino effect of a Greek default is almost inevitable because of the integrated banking system within Europe, a consultant told CNBC Thursday.