Arthur Cashin, UBS Financial Services director of floor operations, shares his market forecast into the close on the week.» Read More
Many economists think he should be the next person to run the European Central Bank. But among government leaders in Berlin and Paris, where many of Europe’s most important decisions are made, Mario Draghi, the governor of the Bank of Italy, generates a palpable lack of enthusiasm, reports the New York Times.
European shares were set to edge up on Friday, snapping five straight sessions of falls, after a retreat in crude prices.
European stocks were seen inching lower on Thursday, adding to this week's sell-off as mounting worries over unrest in Lybia sent U.S. crude oil futures above $100 a barrel.
Traders tell me stock markets are down in Europe today over fears about how its world class exporters could be hit by rising oil prices, specifically in emerging markets.
Switzerland spells safety - for now - and the European Central Bank is scolding political leaders. Here's your daily FX Fix.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
European shares are set to fall on Tuesday as concerns grow over the political unrest in Libya and Asian stock markets tumbled.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.
The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
A mystery is brewing at the European Central Bank, and China is getting some indirect heat. Here's your FXFix for Friday.
Demand for emergency loans from the European Central Bank has stayed at unusually high levels for a second day in a row. The FT reports.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
The woes of WestLB, which has received $11 billion in taxpayer support since 2009, are symptomatic of a larger problem in the German economy. Many of its biggest banks are still on government life support after making bad lending bets during the bubble years. The New York Times reports.
Insight on whether now is a good time to buy munis, with Kyle Bass, Hayman Capital Partners managing partner.
The dollar delivers, and the pound takes a pounding. Here's your daily wrap of news getting attention in currency circles.
"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
European shares were set to edge up Wednesday on optimism for European companies' health as the latest raft of results is released.