Aug 3- Standard& Poor's Ratings Services lowered its outlook on the European Union to negative from stable as it expects that the EU would provide first-loss guarantee support for financing connected to the Juncker investment plan.» Read More
European stocks look set to open slightly higher on Thursday despite the resignation of Portugal's prime minister.
The budget presented by George Osborne, Britain's Chancellor of the Exchequer, is pro-growth and the closest to a "free lunch" available to create jobs, which will help the pound.
The events in Europe are finally coming to a head, David Albrycht, executive managing director and portfolio manager of Virtus Investment Partners, told CNBC on Wednesday.
Insight on the Fed's efforts to respond to community banks and a look at Portugal's debt crisis, with David Albrycht, Virtus Investment Partners.
There is no shortage of challenges facing the world today and many investors are frozen waiting for clarity in these times of uncertainty. The problem is, in all likelihood, the world will not settle down any time soon and we will surely continue to see geopolitical shifts and unrest plaguing the investment world. So what are investors to do?
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Greece will have to restructure its debt, but Spain is out of the woods, according to former European Central Bank Board Member Otmar Issing.
Portugal is at a crossroads that will determine whether it needs to go cap in hand to the European Union's rescue fund for support, according to Barclays Capital.
Police chiefs have told protesters bent on trouble to stay away from Saturday’s mass demonstration in London against government spending cuts, as union bosses predicted a peaceful “family friendly” event, reports the Financial Times.
European stocks are set to open slightly lower on Wednesday ahead of a range of events taking place in the region, the largest of them being the UK Budget and the Portuguese parliament's vote on the government's latest austerity measures.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.
With Portugal’s main opposition Social Democrats (PSD) announcing they will vote Wednesday against a raft of new austerity measures proposed by Prime Minister Jose Socrates, analysts expect the country will have no choice but to seek a bailout from Europe.
The euro has been strengthening despite serious looming problems in the region, and this strategist expects that when traders focus, the results won't be pretty.
The dollar's in the dumps again, but euros are on a roll as the leaders' meeting nears. Here's your daily FX fix.
A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery. CNBC'c Patrick Allen comments.
European shares look set to open ever so slightly higher on Tuesday, following Asian stocks higher.
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
Investors are so focused on the troubles in Japan and Libya that the euro is just strengthening on the sidelines, this analyst says. But for how long?
European stocks look set to start the week in positive territory, following Asian shares that rose as investors digested the ongoing Japan nuclear crisis and unrest in the Middle East and North Africa.
Business and consumer confidence, the result of an improved attitude toward business coming from the Obama administration, will result in good growth here in the US. Stephen Schwarzman, CEO and co-founder of the Blackstone Group, told CNBC Friday.