Economic Regions The European Union

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  • Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.

    The Federal Reserve will keep interest rates low for "three, four, or five years," which is why Pimco is jumping into mortgage-backed securities in a big way, Bill Gross told CNBC Europe Friday.

  • European Central Bank

    Surfing the yield curve: Someone is buying an awful lot of European debt recently, particularly at the short end. Huh? Isn't European debt toxic? Well, sort of. But the ECB will have a new long term lending facility (up to 3 years) that will soon come into effect. This was all part of the announcement last week.

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    Euro shorts take cover and Indonesia gets a ratings boost - it's time for your FX Fix.

  • Global Markets Update: Euro Comes Off 11-Month Low

    U.S. futures are up following yesterday's gains. European shares rise, led by mining stocks. Fitch downgrades Goldman Sachs, Deutsche Bank, Credit Suisse, BNP Paribas and Barclays. The euro is off its 11-month low. Italian PM Monti faces a confidence vote on a 33 billion euro austerity package. And gold rebounds while crude stays steady. In Asia, better-than-expected U.S. economic data lifts the markets in a mixed session.

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    With one final shopping week to go, investors will be keeping their eye on the consumer to see how holiday sales shake out and what it might mean for the economy.

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    Traders have been bracing for sovereign rating cuts in Europe ever since Standard & Poor's issued a warning. Here's what to do.

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    Although most of the other troubled European countries may not have the same degree of tax evasion and nepotism that Greece has, each of these countries will be forced to implement painful reforms that are likely to endanger the jobs of many European politicians.

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    The euro has been trading in tandem with key commodity currencies, but that could change - and create trading opportunities.

  • Global Markets Update: LaGarde Calls for Action by Countries Outside EU

    European markets have a mostly green day after upbeat U.S. economic data -- insurance stocks are among the day's best performers. Credit Agricole falls after Fitch downgrades its long-term rating. Italy calls for a Friday confidence vote in effort to speed up austerity passage. And the IMF's Christine LaGarde says the world economic outlook is "quite gloomy" and requires action by countries outside the EU. Henry McVey, KKR head of global macro and asset allocation, discusses his investment strategy for a tu

  • Sharing what's is next for the markets, with Art Cashin, UBS Financial Services director of floor operations.

  • Spain's bond sale reassures but risk aversion is high - it's time for your FX Fix.

  • Statue and Italian Flag in front of Vittorio Emanuele monument.

    Italy's government has called for a vote of confidence on an austerity package aimed at persuading markets that Italy can get its finances under control to emerge from the spiraling debt crisis.

  • Global Markets Update: Euro at 11-Month Low vs. Dollar

    European markets rebound, although euro zone concerns remain. Manufacturing data continues to contract. Meanwhile, Spain finds strong demand for bonds even as yields on the 5-year fall. And the euro hits an 11-month low against the dollar.

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    The euro zone should be reduced from its current size with those countries currently experiencing difficulties seeking external solutions, Hans Werner-Sinn, president of the IFO Institute, told CNBC Thursday.

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    Fitch downgraded its credit ratings on five major European banks as part of a broader review of its ratings on the largest banks in the world.

  • Tired Santa Claus

    The negativity that’s driving the euro lower could keep pressure on stocks and commodities prices Thursday.

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    Think the euro's had enough of a fall? Think again, this strategist says.

  • Restructuring Europe's Debt

    The markets have already told is that Europe currently has a broken monetary system, according to Kyle Bass, Hayman Capital Management managing partner.

  • The euro is slumping, British unemployment is soaring, and dollar coins are on their way out - it's time for your FX Fix.

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    Although unemployment was steady at 8.3 percent in the Organization for Economic Cooperation and Development area, youth unemployment, at 17.2 percent, is high and likely to go higher, Stefano Scarpetta, deputy director for Employment, Labor and Social Affairs at the OECD, told CNBC.com.