Euro zone finance ministers are calling talk of a Greek exit from the euro zone simply “propaganda,” even as the market awaits news on whether Greek politicians can agree to form a new government and meet its commitments to the European Union and International Monetary Fund.
Oil prices could possibly test $90 a barrel, after U.S. employment data missed forecasts and election results in France and Greece showed voters rejecting German-led austerity measures, CNBC's weekly survey of market sentiment showed.
Amelia Bourdeau, Westpac Institutional director of foreign exchange, offers her view on the euro ahead of the euro zone's Q1 GDP data tomorrow. "There will be continued headlines about the Greek risk," she adds.
Greece has a 436 million euro principal repayment due Tuesday. So far, the country has not decided what to do.
Angela Merkel’s conservatives failed to win back power in Germany’s most populous state on Sunday in an election widely seen as a key test for the German chancellor and her austerity-driven crisis-fighting strategy.
Huge protests in Madrid, firebombs hitting tax offices in Italy, and voters in Northern Germany showing their anger toward an incumbent leader. Just another weekend in euro land, where the chances of economic recovery and political agreement on how to get there appear less likely by the hour.
Benchmark crude oil prices will extend losses this week as risk aversion stoked by lingering political uncertainty in Europe continues to haunt markets, CNBC's weekly survey of market sentiment showed.
The situation in the euro zone has become so bleak that it is giving rise to rumors the euro will be tied to the dollar at close to parity, a dramatic fall, which would have severe implications for the US and China. The Financial Times reports.
Greece's president summoned party leaders on Saturday for one final attempt to avert new elections, but the effort looked doomed to fail after politicians deeply divided over austerity plans said they would stick to their guns.
Earnings season is nearly behind us, and results were unambiguously positive.
Investors are far too bearish, and U.S. equities could move 8-10 percent higher this year, according to the CEO of Emergent Asset Management, David Murrin, who added that Europe’s focus on fiscal austerity is proving “disastrous.”
Michael Novogratz, Fortress Investment Group principal, offers investing advice, adding that there's a 70% chance Greece will stay in the euro zone. James Tisch, president and CEO at Loews Corporation, weighs in.
Richard Levin, President & Frederick William Beinecke Professor of Economics, Yale University talks about 4 important takeaways from the U.S. recession.
The euro's status as a reserve currency has provided key support. But it may not be as deep as it seems.
One of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.
The head of Greece's Radical Left Coalition, Alexis Tsipras, told CNBC Thursday he will "go as far as I can" to keep Greece in the euro zone despite declaring earlier this week that the Greek bailout agreement is “null and void” and should be abandoned.
Following disappointing economic data from the U.S. and more volatility from elections in Europe, demand for gold will remain resilient, and the precious metal will not lose its appeal as the currency of last resort, Goldman Sachs says.
As investors look to navigate this complex landscape in search of higher yields, we have identified three opportunities that we believe offer a combination of attractive returns and downside protection: Bank Loans, Long/Short Strategies and Distressed for Control.
There's still opportunity for investors in Greece—as long as they exercise caution, the managing director of investment holding company iGroup told CNBC Thursday.
As shares in Bankia slid further away from their listing price on Wednesday, questions were being asked about the wisdom of having created and floated the Spanish lender in the first place.