Even in a Thanksgiving holiday lull, financial markets are gearing up for a week of drama.» Read More
As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
High labor taxes and low visibility on economic growth and business climate are just some of the reasons that are keeping Italian businesses from offering jobs, especially long term contracts.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.
Insight on how strong the U.S. banking system is, with William Isaac, former FDIC chairman.
Italy has one of the highest savings rates in the OECD and holds considerable household wealth. In fact, the country's household wealth is five times as high as the country's gross domestic product (GDP). None of this appears to add up with the country's miserable public finances.
CNBC's Ross Westgate has the story on the concerns surrounding SocGen's stock as well as other European banks.
Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.
The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.
The Australian dollar has had quite a run. Is it over?
The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.
The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.
The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.
By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.
You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.
The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.
Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.
Discussing the choppy day in European markets despite intervention from the ECB, with Peter Westaway, Nomura chief European economist, and CNBC's Michelle Caruso-Cabrera.