Markets could be in for macro overload in the week ahead with central bankers, Friday's jobs report and OPEC dominating the headlines.» Read More
Germany is playing a cat and mouse game with less successful European economies as negotiations over the euro zone crisis continue at the country level, Giles Keating, head of research at Credit Suisse, told CNBC Friday.
In any murder mystery film, it pays to watch the boring gray man (or woman) in the corner; quiet, unobtrusive characters can be deadly. So, too, in finance. Four years ago, the giant US money market funds seemed some of the dullest actors in the global financial scene. But in 2007, they quietly helped to spark the crisis in the mortgage-backed securities world.
Right now "Europe's financial system is insolvent," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Thursday.
Chris Wheeler, bank analyst at Mediobanca joined CNBC to discuss the latest news on the European markets and what would happen if the Greek bailout fails.
"Greece has most definitely been cut loose by the markets, the question is whether it will now be cut loose by the politicians," Steve Barrow, head of G10 research at Standard Bank, told CNBC.
Assessing the situation in Europe, with James Lockhart, WL Ross & Company vice chairman, who says the company has nothing to bid on at this point. He also adds that consumers are not buying houses right now because prices are still going down and Washington should tackle short-term and long term problems in housing.
The Swiss Franc has become the "new gold" as investors turn to money markets in an environment governed by fear, Jon Cox, Head of Swiss Research at Kepler Capital Markets told CNBC.1st paragraph of story should go here
While markets are hyper-focused on the Friday speech at Jackson Hole by Fed Chairman Ben Bernanke, they are overlooking what could be an equally important Saturday appearance by IMF Managing Director Christine Lagarde.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.
There will be improvement in the U.S. economy in the second half of the year, according to Barclays Capital managing director Larry Kantor, but there will be an overhang from continued uncertainties in Europe.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.
European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.
As markets around the world prepared for another turbulent week, worries that a rerun of the events of 2008 is in the cards are adding to uncertainty, investors told CNBC Monday.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
A look at the currencies to watch, with Nick Bennenbroek, Wells Fargo head of currency strategy.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
Investors are looking for any safe haven in a storm — it's time for your FX Fix.
While European banks do have substantial investments in sovereign debt, the concerns in Europe are overblown and the banks will get through this rough patch, says Kelly King, BB&T Corporation chairman/CEO.