Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.» Read More
Euro traders wonder how far eurozone debt problems will spread, and everyone worries about Japan's nuclear catastrophe — it's time for your Terrible Tuesday FX Fix.
Rising commodity prices mean investors should stay clear of consumer discretionary stocks, according to Nomura strategist Ian Scott.
EU policy makers confidently told reporters in Budapest and Frankfurt last week that Portugal will be the last euro zone member in need of a major bailout. The comments were taken with a pinch of salt by those who have watched the contagion spread from Greece, to Ireland and then on to Portugal.
The plot thickens even more this weekend as European finance ministers meet to work out the terms of a rescue plan for Portugal. Brian Kelly, Kanundrum Capital, tells viewers why the Euro contagion was contained, with CNBC's Melissa Lee and the Money In Motion traders.
The currency markets have never been hotter as world headlines create opportunities everywhere. Also, what's the trade if the government shutdown is avoided, with CNBC's Melissa Lee and the Money In Motion traders.
A weekly look at currency trading and how to profit from it, with CNBC's Melissa Lee and the Money In Motion traders.
Justice approves Google's acquisition of ITA with certain conditions. And markets head lower in the face of a government shutdown and a spike in oil prices, with CNBC's Melissa Lee and the Fast Money traders.
In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t want and sells them. Asian central banks are key.
Asian central banks are intervening to stem their currencies' rise, but risk-on investors are not deterred. Get your daily FX Fix right here.
Marc Faber, editor and publisher of "The Gloom Boom & Doom Report," discusses the world economy and the amount of paper being printed by central banks. His preference, as a result, is gold. Faber adds that in the current environment, cash and bonds are dangerous. Everything is going up, he says. Only at the Federal Reserve is there no inflation.
What Mervyn King, governor of the Bank of England, called the Nice (“non-inflationary, consistently expansionary”) decade has vanished. In its place, we see what I would now call the Nasty (“nightmare of austere and stagflationary years”), the Financial Times reports.
European stocks were indicated to open higher on Friday as the euro nears a 15-month high against the dollar.
While Fed Chairman Ben Bernanke maintains allies at the top of the central bank, finding support in the financial community is getting progressively tougher.
Just because the European Central Bank raised interest rates today to stave off inflation, don't expect the Fed to take a similar tack with U.S. rates, these strategists say.
The euro is overvalued despite the European Central Bank's rate hike, and the yen is rich as well, this strategist says.
ECB President Jean-Claude Trichet announces a rate hike of a quarter point, which he attributes to rising oil prices. CNBC's Steve Liesman discusses the impact the hike is likely to have. Also, is Bernanke falling behind the curve, with Steven Ricchiuto, Mizuho Securities USA, and Zane Brown, Lord Abbett.
Portugal throws in the towel, the Bank of England holds steady, and the European Central Bank tightens its purse strings — it's time for your Eurocentric FX Fix.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
CNBC's Rick Santelli reports on the weekly jobless claims number, which fell to 382,000. Steve Liesman provides analysis and discusses whether the ECB rate decision will stick. Jim Iurio, Institutional Services, discusses, as well.
Jim O'Neill, Goldman Sachs' chairman of asset management, discusses the situation in Portugal and Europe, as well as the current market environment. He also voices his opinion about global economies and a monetary system that needs to change.