CHENGDU, China, July 23- China has demonstrated commitment to moving toward a market-driven exchange rate, said a senior U.S. That's an important step, "he said, noting that China in recent months had intervened in currency markets to keep the yuan from falling. He also said he saw a path for China to manage a soft landing for its economy. » Read More
Alibaba filed an amended statement this morning ahead of its IPO, but investors are still waiting to see the terms.
CNBC's Simon Hobbs reports on all the market moving events in Europe on Thursday, including speculation the ECB will not embark on quantitative easing.
Amidst the lightest volume of the year, exchange-traded funds associated with China, Turkey, South Africa, and Brazil are gathering steam.
Nobody knows exactly when Alibaba will hit the market, but the IPO is being foreshadowed by a growing paper trail.
Use of the Chinese yuan in Germany and the U.K. has doubled over the last year, as London and Frankfurt fight to become trading hubs.
Jeremy Stretch, head of FX strategy at CIBC, discusses whether Warren Buffett's reputation is at risk after his involvement in Burger King's acquisition of Tim Hortons and the debate over the tax implications of the deal.
Jeremy Stretch, head of FX strategy at CIBC, says any form of quantitative easing by the ECB will not be the "magic bullet" to solve Europe's economic problems.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including expectations for the ECB to ease monetary policy next week.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
Investors are trying to get the S&P 500 Index through 2000 again, but I'm not sure there is a catalyst to keep it there given the mixed data.
One analyst has warned of a crowded trade in the euro currency that could spell pain for some investors if not treated with caution.
Steven Saywell, global head of FX strategy at BNP Paribas, says sterling has "a long way to go" to the upside against the euro as the Bank of England looks likely to be the first major central bank to hike interest rates.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for the euro zone after Mario Draghi signals stimulus and a rise for Italian stocks.
You'd never know there was a shaky economy in the U.S. by driving around San Francisco, or even driving north of the city.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
Jesper Bargmann, head of Asia trading at Nordea Markets, said stronger economic data from the U.S., paired with any further stimulus from the Bank of Japan, could be the "perfect storm" for the yen.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks and a decline for Russia related stocks.
Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including, a dip for euro zone PMI and Italian banks rise.