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Stock markets rallied significantly on Wednesday following a joint statement from Angela Merkel and Nicolas Sarkozy on defending Greece and such political action could pose a big threat to stock bears, according to Philippe Gijsels, the head of research at BNP Paribas Fortis Capital Markets in Brussels.
An important batch of U.S. economic data could influence Thursday's markets, even as they continue to feel the long dark clouds of Europe's debt crisis.
World Bank President Robert Zoellick tells CNBC's Larry Kudlow the world has entered a new economic danger zone.
As investors continue to reach for yield, are we heading for a credit bubble, with CNBC's David Faber; Peter L. Briger, Jr., Fortress Investment Group LLC principal and co-chairman; Marc Lasry, Avenue Capital, co-founder and chief executive; Bruce Richards, Marathon Asset Management president and CEO; Boaz Weinstein, Saba Capital Management LP founder.
"Greece has to default," Kyle Bass said. "It's going to be a hard default, and then it's going to be difficult to contain this contagion."
The euro has taken quite a fall as worries about the debt crisis there have grown, and this strategist says there is more to come.
The Federal Reserve and other central banks are able to go bust and may yet do so, Urs Gmuer, an asset manager at Dolefin, a Swiss investment advisor, told CNBC Tuesday. Instead of printing more money when needed, he said central banks should return to using gold to back their currencies.
Discussing what the ripple effect from Europe will be on other markets, with Kyle Bass, Hayman Capital Partners.
Confusing signals out of Europe sends stocks down. Rich Ross, Auerbach Grayson global technical strategist and Eric Schoenstein, Jensen Portfolio co-portfolio manager, weigh in on what investors should do now.
CNBC's Maria Bartiromo talks to Laurence Fink, BlackRock chairman & CEO; Pierre Lagrange, GLG Partners LP co-founder; Jim Leech, Ontario Teachers' Pension Plan; and Meredith Whitney, Meredith Whitney Advisory Group CEO, about America's place in the world as new economic powers rise in the East.
The BRICS turn the tables and the Belarussian ruble takes a dive - it's time for your FX Fix.
CNBC's Jim Cramer talks with Treasury Secretary Timothy Geithner about the global economy and what sovereign nations in Europe and around the world are doing to deal with the threat of default.. In this broad-ranging discussion, Geithner tells Cramer growth in the U.S. is weaker than he would like, largely due to the shocks of the past year. The political dysfunction in the U.S. & Europe only adds to the uncertainty, he says.
Prime Minister Silvio Berlusconi's government won a confidence vote on Wednesday in the lower house of parliament on a 54 billion euros ($74 billion) austerity package aimed at staving off financial crisis in Italy.
Markets around the world have been waiting for decisions from euro zone leaders on greater fiscal integration and euro bonds since July.
Insight on which institutions in Europe had the highest amount of sovereign exposure that have yet to be written up, with James Chanos, Kynikos Associates president/founder, who says the ECB will pull out all the stops and the crisis is more of a solvency issue instead of a liquidity issue.
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
As Europe's debt crisis worsens further, one analyst says China may be their only savior.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
Italy's lower house of parliament is expected to approve the centre-right government's much revised austerity plan on Wednesday as Rome struggles to stem a financial market crisis now threatening the whole euro zone.
European leaders are in the driver's seat when it comes to markets Wednesday, but traders will also be taking a hard look at U.S. economic data to see if the string of negative surprises is coming to an end.