Central Banks European Central Bank

  • Europeans keep negotiating, and Spain and France navigate bond sales - it's time for your FX Fix.

  • Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.

  • European Central Bank

    The European Central Bank could take on a greater role in attempts to tackle the debt crisis in the euro zone, conditional on national governments implementing economic reforms, Silvio Peruzzo, European Economist at RBS told CNBC.

  • Risk in the Markets

    If Europe moves from calamity to a chronic debt situation, the market will see improvement, says James Paulsen, Wells Capital Management chief investment strategist.

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    Stocks in Asia surged on Thursday, after the coordinated action by global central banks. But according to a number of analysts CNBC spoke to, the rally is unlikely to last, as the move merely buys time for Europe's leaders and doesn’t solve the region’s fundamental debt problems.

  • Betty Davis in 'All About Eve'

    Calling Bette Davis - there is plenty of fuel for a continued bumpy ride in the currency markets, this strategist says.

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    The euro has had a nice move up on reports of actual progress by European leaders on the debt crisis. But this strategist has other ideas.

  • Movies are filled with nail-biting moments of split-second disaster aversion. We hope that many of the world’s more difficult dilemmas will also be met with similar Hollywood-style happy endings.

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    Banks are the great poison of the stock market these days—not because of what is known about them, but rather what is unknown.

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    The concept of ‘hopium’ – that bizarre concoction of hope and optimism that may synthesize into an ‘economic drug,’ propelling the economy into an upward spiral, says CNBC's Brian Sullivan.

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    Currency swap spreads are contracting, volatility is falling and stocks are soaring following a coordinated move by central banks to make dollars cheaper.

  • Efforts to improve liquidity in the world's financial markets 'psychologically' important, Louise Cooper of BGC Partners says.

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    Economists at major international banks are sounding off this morning on today's big announcement of a coordinated action by central banks around the globe.

  • European Central Bank

    If the main purpose of today's joint action by the world's central banks was to ease the ability of European banks to borrow dollars, why are the central banks of Japan, Canada, England and Switzerland also involved.

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    In essence, the Federal Reserve agreed to provide cheaper dollar funding to the European Central Bank—which can then provide cheaper dollar loans to cash-strapped European banks.

  • Euro coin in front of the giant symbol of the Euro outside the headquarters of the European Central Bank.

    The Federal Reserve and several other banks announced this morning that they were engaging in a coordinated action to provide liquidity in each other's foreign currencies.

  • The coordinated actions by the Federal Reserve and other central banks is aimed at the funding strains faced by European banks in what was becoming a modern day run on the banks.

  • Central Banks Take Action

    CNBC's Steve Liesman has the details on the Fed and central banks around the world launching a coordinated move to boost liquidity.

  • A triple whammy this morning: China, coordinated central bank action, and better than expected ADP report.

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    The world's major central banks unleashed coordinated action Wednesday to ease the increasing strains on the global financial system, a move that sent stock markets up sharply.