Welcome to a busy week for central bank meetings. Here's how to trade on a big one.
Down to the wire again in Greece, and the dollar looks like a refuge - it's time for your FX Fix.
There have been almost as many new acronyms slipping into business news as there have been euro zone summits in recent months.
The debt crisis will continue to plague the euro zone even if Greece gets an agreement and its second bailout, with Portugal likely to be the next country to face the scrutiny of the markets, an economist told CNBC Monday.
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
“There’s no fear in this market right now. They’ve absolutely crushed volatility,” one options trader said. In the week ahead, traders will be watching testimony from Bernanke and earnings from Coke, Disney & more.
“We do not want higher inflation and we’re not tolerating higher inflation,” Fed chairman Ben Bernanke told Congress yesterday. In a way, that’s true. Washington is exporting higher inflation , which it does not want, to the emerging world, which must tolerate it. And Brussels has joined in.
Former FDIC Chair Sheila Bair said Thursday she believed Europe was heading into a recession, but she sounded confident about U.S. banks.
Investors are predicting that Portugal will be next in line after Greece to impose losses on bondholders as it struggles to meet the terms of a $103 billion bailout agreement struck with international creditors last May. The New York Times reports.
It's not often you hear the head of the world's largest bond fund compliment the Fed for doing a good job — particularly when interest rates are near zero. But Pimco's Bill Gross had high marks for Fed Chief Ben Bernanke.
After hitting the highest level since the euro's creation, unemployment in the 17-member single currency area will show no signs of abating, adding to worries that a prolonged recession may be in the cards, analysts said.
MF Global’s chief risk officer urged senior executives and the company’s board to pare back its $6.3 billion proprietary bet on the debt of troubled European nations roughly three months before the futures broker declared bankruptcy, according to his prepared congressional testimony, the Financial Times reports.
The euro has been moving higher even without a deal sealed for Greek debt, but this strategist says it's time to check out.
The euro has had a nice run in the last two weeks, but this strategist thinks the party is just about over.
The European Central Bank won't solve the euro zone's debt crisis as long as the European Union behaves like a "dysfunctional" family, Bill Gross, Pimco founder and co-chief investment officer, told CNBC on Tuesday.
U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.
Hopes for a Greek deal persist, and British consumers are feeling better - it's time for your FX Fix.
Germany's unemployment rate fell to a record low in January, data showed, though subdued retail sales figures suggested concern about the euro zone crisis rather than a healthy jobs market had driven consumer spending in the run-up to Christmas.
There are two primary questions: will a default by Greece actually occur? And, if a default occurs, what will happen?
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.