Michael Gayed, Chief Investment Strategist, Pension Partners says that the market sell-off overnight had nothing to do with Obama's re-election but instead renewed fears about Greece.
Once again, the news from Europe is disturbing. This is your euro trade update.
Athens erupted in riots late Wednesday as parliament met to vote on the latest austerity measures needed to win more international aid.
The "Squawk on the Street" news team reports on President Obama's second term win and gathering bipartisan support for the big challenges still facing the nation; and economic uncertainty in Germany.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stock move higher on President Obama's re-election win, and better-than-expected earnings.
Shares in Danish wind turbine company Vestas fell as much as 11 percent in Wednesday morning trade after the company released disappointing third quarter earnings and announced further cost-cutting measures, including job cuts.
Here is a question that is exercising central bankers everywhere, particularly those that have embarked on asset purchase and “quantitative easing” (QE) schemes. What to do with one’s billions?
Taxi drivers and hire companies are warning of a worsening shortage of London black cabs that will coincide with the run-up to Christmas, traditionally the busiest time of year for the trade. The FT reports.
Eurozone leaders have given themselves three weeks to finalize an overhaul of Greece’s bailout program, requiring parliamentary backing in creditor countries that are skeptical about reducing Athens’ interest rate burden. The FT reports.
When cracks recently appeared in beams of the European Parliament ’s main chamber, forcing its closing, one member, Nigel Farage of the U.K. Independence Party, proclaimed that he would “work for the day that the whole democratic facade of the European Parliament is shut as well,” the New York Times reports.
New measures to ease costs for average Germans come at a time when Chancellor Angela Merkel has been pressing struggling European partners to slash public spending. The changes underscore just how uneven the economic outlook is across the continent. The New York Times reports.
Challenging economic conditions may persist in Britain, especially for the retail sector, but two stocks are set defy the gloom and shine in the seasonal shopping period, analysts say.
CNBC's Kelly Evans reports on all the market moving events from Europe, as U.S. voters head to the polls to elect the next President.
One of France's most high-profile business figures has released a report which could be the wake-up call many believe France’s economy needs – or could end up gathering dust on an Elysee shelf.
Global financial reform efforts are falling behind schedule, regulators have conceded. They are giving the biggest banks extra time to write so-called “living wills” and acknowledge that fewer than one-third of the big financial centers will have Basel III rules in place on time. The FT reports.
The Greek government is hoping to pass two votes through parliament in what is set to be a key week for the struggling euro zone country, with one Greek minister telling CNBC that overcoming these hurdles will end talk of Greece leaving the single currency.
CNBC's Kelly Evans reports on all the market moving events from Europe, as investors remain cautious ahead of Tuesday's U.S. presidential election.
Debt-crippled euro zone countries could see the yields on their sovereign bonds fall dramatically if they used their gold reserves as collateral for that debt issuance, according to Sylvester Eijffinger, professor of financial economics at Tilburg University.
Gokul Laroia, Head of Institutional Equity, Asia at Morgan Stanley says that most of the liquidity that is flowing into Asia is global capital, which makes decoupling difficult.
Former Greek Finance Minister George Papaconstantinou on Friday refuted a media report claiming he did not instruct financial police to pursue possible tax evaders named on a list of Greeks with Swiss bank accounts he received in 2010.