With the Federal Reserve vowing that interest rates will stay low through 2014, this strategist sees a risk-on trade.
George Soros, Soros Fund Management chairman, explains why the European debt crisis could be worse than the 2008 crisis in the U.S. While Europe has a common central bank, he points out, it has no common Treasury. By contrast, the U.S. had the authorities in place to deal with its financial crisis in 2008, he tells CNBC's Maria Bartiromo.
"We are completely focused on expenses," says Vikram Pandit, Citigroup CEO. "We are going to be cautious on the market side," he tells CNBC's Maria Bartiromo.
Hedge funds that in the last month or so have purchased an estimated 4 billion euros ($5.2 billion) of beaten down Greek bonds that mature on March 20 are now trying to unload their positions, according to brokers and traders. The New York Times reports.
The “key issue” facing Europe’s banks is raising capital, not improving liquidity, JP Morgan Chase International’s chairman Jacob Frenkel told CNBC Wednesday.
European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.
Japan has a trade deficit and Australia has inflation - it's time for your FX Fix.
The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.
"The key issue is not liquidity, it is capitalizing the banks and enhancing competitiveness," Jacob Frenkel, chairman at JPMorgan Chase International, told CNBC.
UniCredit is planning to raise up to €25 billion ($32.6 billion) through the issue of so-called covered bonds as Italy’s largest bank by assets seeks to open up a new stream of funding amid ongoing pressures on bank liquidity in the euro zone, the Financial Times reports.
Nigel Emmett, JPMorgan Asset Management, discusses how to invest in Europe despite continued volatility and uncertainty.
European leaders are beginning to accept the idea that Greece will be forced to default on its debt, causing a long-feared "credit event" that triggers billions of dollars of credit default swaps.
The factors that are pointing to a deceleration in global growth, with Olivier Blanchard, IMF economic counselor/director of research.
The lead negotiator for private-sector Greek debt holders says he's still hopeful a deal can be reached that satisfies creditors while enabling the financially strapped nation to grow.
There is some mild trepidation surrounding the events in Europe, says Scott Shellady, ICAP US, who weighs in on how to trade the euro.
The International Monetary Fund needs $500 billion to help contain the spreading European debt crisis, the organization's managing director, Christine Lagarde, told CNBC.
IMF managing director Christine Lagarde says she hopes that 2012 will be a year of healing for Europe. The euro partners have to agree on more, says Lagarde, who adds the IMF needs an additional $500 billion in lending capacity to build a stronger firewall out of the euro zone.
The euro currency does not work for Greece or Portugal and they will eventually leave the euro zone, an economist told CNBC.
The Greek drama continues to roil the euro, and this strategist has a way to play investors' shifting moods.