Euro zone annual inflation held steady at 0.2 percent in July, far below the European Central Bank's target.» Read More
Risk-off investors are buying dollars but souring on kiwis.
New capital requirements proposed by global regulators demanding that the biggest banks hold extra capital by 2019 will bring about a new recession, Rochdale's vice-president for equity research Dick Bove wrote in a weekend market note.
Another week, another crucial moment in the euro crisis. Leaving aside the Groundhog Day resemblance, here's how to trade Greece's upcoming austerity vote.
Greeks vote on austerity next week. The fate of the euro, and Greece, rests on their actions. Also, Mike Darda, MKM Partners, discusses Europe's ongoing pains, and a a look at how to use currencies to profit from commodities getting hammered, with CNBC's Scott Wapner and the Money in Motion traders.
When it's hard to read the tea leaves, it's time to trade safe-haven currencies. Here's one smart approach.
The dollar rides some good economic news, for a change, and the Bank of England's Mervyn King delivers a scolding — time for your FX Fix.
After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.
As European leaders meet in Brussels with Greece potentially facing a devastating sovereign default, it is easy to forget that just six months ago it looked as though the European Union was about to turn the corner in its debt crisis, the FT reported.
To most market participants, it should not be a surprise that today we had the type of comments by ECB’s Trichet on the risks associated with Greece contagion. We are constantly hearing the analogy to the US financial crisis and a Lehman event. Also, Trichet’s comments about the link between the sovereign debt and European banks should not be a surprise as this is the key factor in the crisis.
The European Central Bank's Trichet sees red, and hedge funds see problems in Mexico. It's your Thursday FX Fix.
Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.
The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.
Stock markets would panic if they knew what Ben Bernanke and other leading figures in the Federal Reserve really said when their tongues are loosened by alcohol, John Mauldin, president of Millennium Wave Advisors, told CNBC Thursday.
Greece is facing an exit by some of the most talented people in its workforce, as well as its broader economic problems, John Sfakianakis Group Chief Economist at Banque Saudi Al Fransi, told CNBC Thursday.
Federal Reserve Chairman Ben Bernanke’s statement on expectations for the US economy on Wednesday was “quietly risk negative,” Dennis Gartman, author of The Gartman Letter, told CNBC Thursday.
Investors are afraid of “Armageddon” in foreign exchange markets due to concerns beyond the Greek debt crisis and sluggish US growth, David Bloom global head of foreign exchange at HSBC told CNBC Thursday.
Greece’s new finance minister has attempted to renegotiate parts of the austerity deal struck with international lenders last month, drawing anger from his European counterparts as they battle to find a solution to Athens’ debt crisis, reports the FT.
With persistent uncertainty over the Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.
As a two-day meeting of EU leaders gets underway in Brussels on Thursday, analysts expect the summit to provide temporary relief for financial markets with leaders present a united front and insisting they will continue to support Greece, but not much more.