LONDON, July 25- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. A new referendum should remain an option depending on the shape of Britain's future ties with the EU and how well they worked for Scotland, she said. IMPORTANT DATES AHEAD:- Aug. 4: Bank of... » Read More
I think Greece will default, abandon the euro, and shake up the entire world. That's what I would do if I were running the place.
Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.
After appearing to be resolved, Greece's bailout is unraveling again. Renewed fears of a Greek default sparked a broad selloff in financial markets Friday.
The danger of disaster in the financial markets has receded since the start of the year, after additional liquidity injections, one strategist told CNBC Friday.
Greek drama staggers on, and risk appetite sags - it's time for your FX Fix.
S&P 500 futures point to New York stocks declining 0.5 per cent at the opening bell. European shares also fell today, dragged lower by banks on concerns about the outcome of the euro zone debt crisis after finance ministers imposed further conditions before approving a rescue package for Greece. Asian shares ended lower as investors remained concerned about Greece's commitment to debt restructuring.
The euro shrugged news of a Greek debt deal, but this strategist thinks the fun isn't over.
Greek union leaders are not part of the Greek political coalition. Another 48-hour strike called for tomorrow and Friday. We still do not know exactly what Greek political leaders have agreed to.
No matter one’s perspective, we are unable to consider current market conditions vibrant or robust.
The European Central Bank’s injection of cheap money into the European banking system last December has taken the pressure off the euro zone politicians for the moment, but they still have to take further action, a German economist told CNBC.
The European Central Bank is widely expected to leave interest rates on hold on Thursday, reassured by signs that the economy started 2012 on a brighter note and hopeful that more cheap loans to banks at the end of this month will get them lending to each other again.
Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
The symbol of the new Italy, Prime Minister Mario Monti, is to meet with President Barack Obama. However, just like in 1992-1993, the window of opportunity in which he is operating will probably soon close if parties let domestic and self-interest considerations take over on a national imperative for permanent change.
Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.
There are three key periods of the current stock market rally, Graham Neilson, chief investment strategist, Cairn Capital, told CNBC Wednesday.
The euro is rallying on fresh hopes that Greek politicians can agree to austerity measures that could secure them a much-needed second bailout from their euro zone peers.
Investors should start scaling back risk in their portfolio in anticipation of more favorable buying opportunities in the coming weeks, Chris Watling, CEO and chief market strategist at Longview Economics, told CNBC on Tuesday.
Markets turn positive on Greek deal optimism, with the Fast Money team.
CNBC's Michelle Caruso-Cabrera has the details on another rounds of talks taking place to secure a bailout for Greece.
Greece dickers and Australia's central bank surprises - it's time for your FX Fix.