The European Central Bank: The big bazooka. There are plenty of important events this week, from Federal Reserve Chairman Ben Bernanke's presser to the Group of 20 nations (G20) to nonfarm payrolls. But the story most closely watched is ECB President Mario Draghi's first press conference tomorrow. Why? Not just because many believe he may cut interest rates a month early, it's that many are betting he will reiterate that he is going to continue to buy sovereign bonds.
When Jon S. Corzine joined MF Global last year it seemed like a strange choice — the firm had none of the glamour, let alone the profits or footprint of Goldman Sachs, the bank he ran during the 1990s.
Greek Prime Minister George Papandreou is gambling his political life and legacy on a no confidence vote on Friday, which could be crucial to the future of Greece. To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.
European leaders gathering for an emergency meeting Wednesday in Cannes could get more attention than Fed Chairman Ben Bernanke, unless he has a surprise policy move up his sleeve.
Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.
The City of London Corporation joined St Paul’s Cathedral on Tuesday in suspending legal action against a group of protestors camped by the side of the cathedral.
The current European conundrum is not just a financial crisis. It’s a crisis of governance and leadership.
More uncertainty surrounds Europe as Greece calls for a surprise referendum, with Rebecca Patterson, JPMorgan Asset Management.
Europe’s recent attempt to manage the persistent debt crisis still remains a source of great concern. Naturally, the issue is magnified by the constructs of the European Union, overwhelmed by healthy egos and very little money.
Bankers have warned that the eurozone rescue fund might face lackluster demand this week for a planned bond issue designed to finance Ireland’s bail-out. The FT reports
Stubbornly high euro zone inflation data on Monday reinforced money market bets that the European Central Bank will wait until December to cut interest rates. That sentiment was echoed by Hedgeye Risk Management CEO Keith McCullough.
A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.
"We said from the very beginning that is was something which was potentially very important and that one should not underestimate the gravity of the situation... we were not pleasing a lot of interlocutors including the governments that had a tendency to say 'no it's not that important, it's not a big deal' and so forth and I would say that unfortunately experience has proved that our diagnosis was right," Jean Claude Trichet, outgoing head of the European Central Bank told CNBC in an interview.
Too many European Union leaders did not understand the gravity of the Greek debt situation following years of failure to adhere to rules on borrowing, the outgoing boss of the European Central Bank told CNBC.
Web-only advice and information for currency traders, with CNBC's Scott Wapner and the Money In Motion traders. Last week, Todd bought the Aussie dollar against the U.S. dollar.
How you can make money from the euro's next move, with CNBC's Scott Wapner and the Money in Motion traders. Also, using currencies to make money from next week's jobs report. And will a strong report help the dollar against the yen.
The Dow is on track for its best October percentage increase ever while the S&P 500 is on track for its highest October percentage increase since 1974, but today, the markets are seeing a slight pullback. Phil Orlando, Federated Investors, and James Shelton, Kanaly Trust, share perspective on where the markets could go from here.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
The market digests its big move, and the European Union goes a-courting - it's time for your FX Fix.
Austrian bank Erste announced on Friday that it had drastically reduced its credit default swaps (CDS) portfolio and that it would close it by the end of the year, after valuing it based on what it would be worth in the market - known as marking to market - earlier in the month.