Stocks rallied on Monday and Tuesday on hopes that policy makers where about to get their act together and unveil a credible solution to the euro zone debt crisis. On Wednesday the bears where back in charge as stocks and commodities came under renewed pressure amid fears a euro zone resolution was not as close as had been hoped.
Thomas Lee, JPMorgan chief US equity strategist, says investors remained sidelined thanks to the uncertainty over Europe.
Looking for a euro-dollar trading strategy among the torrent of European news reports? Here's an idea.
Amid a debt crisis that threatens to engulf the global economy, the European Union this week will try again to address a serious flaw in the construction of the euro: the lack of fiscal rules tough enough to provide a foundation for the currency.
Encouraging comments from a top EU official lift the euro, but all eyes are on the "euro-skeptic" Finns — it's time for your FX Fix.
Stocks have rallied in recent days on hopes that European Union leaders and policy-makers are close to an agreement that would significantly increase the firepower of the European Financial Stability Fund (EFSF)-- essentially the euro zone's rescue fund for troubled member states -- so that it can help deal with the zone's long-simmering debt crisis.
As European markets fell Wednesday immediately after European Commission President Jose Manuel Barroso confirmed plans for a financial transaction tax, the idea was met with scorn in some quarters.
Europe’s banks are seeking increasingly creative ways to finance themselves as they attempt to make up for a dearth of traditional debt funding amid market turmoil.
The European bailout fund—known in official parlance as the European Financial Stability Facility, or EFSF—should be used to guarantee the first hit of losses on vulnerable European government bonds, a financial commentator told CNBC Tuesday.
A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.
The stock market's three-day rally is at risk of tripping up on new hurdles from Europe.
A split has opened in the eurozone over the terms of Greece’s second 109 billion euro bail-out with as many as seven of the bloc’s 17 members arguing for private creditors to swallow a bigger writedown on their Greek bond holdings.
Think the potential European debt plan will give the euro a significant lift? Think again, this strategist says.
The latest proposal aimed at amping up the European bailout found has "Made in Washington" stamped all over it, according to one economist.
It's all about the potential European debt plan today - time for your FX Fix.
As Shadow Chancellor Ed Balls wrapped up his speech to the Labour party conference on Monday, one thing became abundantly clear: Labour still have a trust issue when it comes to the economy.
Risk is back on the table after a terrible end to last week for the bulls. Following news of "Operation Twist" from the Federal Reserve, the market sold off aggressively, adding the pressure on policy makers as they met in Washington over the weekend to try and find a plan to avert a euro zone sovereign debt and banking crisis.
Consumer confidence, Fed speakers and home price data are on deck for markets Tuesday, as traders keep their focus on the stream of headlines from Europe.
"No one ever made a dime panicking, but many people made gigantic amounts of money taking advantage of those who did."
CNBC's Steve Liesman has the update on the EU's plan to to lever up EFSF money to shore up bank capital.