Euro bears may be on the prowl, but this strategist sees a tactical buying opportunity.
Yield on the Italian 10-Year is up some 7% ahead of Thursday's bond auction, with CNBC's Melissa Lee, Bob Pisani & Carl Quintanilla.
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
Tony Nash, Managing Director, IHS Global Services says Japan, together with the U.S., has criticized euro zone leaders for not having the ECB as the "backstop for all sovereign debt." He adds that the first half of next year will be rough for Europe, China and the U.S.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
Will the risk-on rally continue through the end of the year? How to make money from the risk-on rally, with CNBC's Melissa Lee and the Money in Motion traders. With Deutsche Bank's Joe LaVorgna. Also, how to short the euro now, as the ECB takes new measures to support euro zone banks.
The global markets. European stocks rise to a two-week high, although volume is extremely light heading into the holiday. Moody's keeps Austria's AAA rating with a stable outlook. Ten-year Italian bonds remain near 7 percent -- Italy will hold a series of bond auctions next week. Greece must decide whether it will take a 70- or 50-percent haircut. And a decision on European downgrades will come in January, according to S&P. With Dan Greenhaus, BTIG chief global strategist, and Stephen Weiss, Short Hill Cap
Though European stocks are up this week, and the European Central Bank's three-year loan program was deemed a success (it eased funding difficulties for banks), the euro is little changed, hovering around $1.30. Spreads on southern European bonds vs. German bunds are generally wider, and Italian 10-year bonds remain near 7 percent. This is a serious problem, as Italy has a series of bond auctions before the year is out.
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.
Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.
Euro bears are on the prowl. Here's how to sell the single currency and get a bigger bang.
Mario Draghi holds a presser with the Brits. I mentioned yesterday that much of the 489 billion euros ($640 billion) that banks borrowed from the European Central Bank will go to paying off prior, shorter-term loans from the central bank. What's next from Mr. Draghi and the ECB?
Now is a historic buying opportunity, says Jeremy Siegel, The Wharton School finance professor. "Warren Buffett always said you're always investing relative to your other opportunities," he says. "Not in a vacuum."
What does 2012 hold for the world economy? Will it fall into a double dip recession? Will the euro zone take us all down with it? While acknowledging that predicting what will happen next year is a dangerous business, economist and founder of Strategy Economics Matthew Lynn decided to try anyway.
Will cheap loans from the ECB rescue Europe's bank from its mounting debt problems? David Goldman, Macrostrategy.com, weighs in.
Predicting the market outlook for 2012, with Nick Raich, Key Private Bank director of research and Rex Macey, Wilmington Trust chief investment officer.
Former hedge fund manager Warren Mosler is skeptical that the long-term loans from the European Central Bank will do very much for the banking system.
Sharing perspective on whether investors should bet on the United States market for the new year, with Uri Landesman, Platinum Partners president and Hugh Johnson, Hugh Johnson Advisors chairman/CIO.
The European Central Bank's money tender was a hit, but the euro weakened anyway. Here's what to do now.
Investors can blame Europe for choking off stock market gains in 2011. But there’s a growing list of geopolitical flashpoints lurking in 2012—and any one of them could pose a risk to stocks.