European stocks were expected to open sharply lower on Thursday after tumbling on Wednesday in response to US data showing a slowdown in manufacturing activity in May and a lower than expected increase in private sector jobs.
One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.
Past voluntary debt reprofilings in Latin America have worked to varying degrees, but "soft" restructuring is not going to solve Greece's debt problems, according to Stuart Culverhouse, chief economist of frontier markets specialist Exotix
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
The German government has gradually realized that it will have to extend Greece’s bailout, Christian Gattiker-Ericsson, Chief Strategist & Head of Research at Julius Baer, the Swiss bank, told CNBC on Wednesday.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.
Buying defensives that make cash and hand money back to shareholders via buybacks and dividends is a popular strategy at the moment, as macro headwinds keep the bulls at bay.
The complexity of European politics should prevent any reprofiling of Greek debt this year, according to a political analyst, but markets are still waiting for any sign of a prospective default.
It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.
Confidence in the new plan to save Greece is misplaced according to Carl Weinberg, the chief economist at High Frequency Economics.
The strongest case for stocks is a lack of alternatives but investors should be prepared for setbacks and get into defensive shares like consumer staples and healthcare as global growth has peaked, according to Philipp E. Baertschi, the chief strategist at Sarasin in Zurich.
European shares were set to edge up on Wednesday, adding to gains in the previous session, and after a rally on Wall Street, though renewed worries about the US economy and caution ahead of employment data were expected to limit the upside.
As the race for a new bailout for Greece continues, one of the main bones of contention between opposition politicians and the Greek government is tax.
CNBC's Jim Cramer says he had no idea Goldman Sachs was involved with Libya; and Germany could crimp its own growth by going with alternative energy.
Discussing whether it makes sense for the markets to rally on hopes of a Greece bailout, and poor economic data, with Richard Madigan, JP Morgan.
Keeping in mind that the words “hope” and “Greece” should almost never be used in the same sentence, here would be the one exception: Let’s “hope” markets aren’t rallying on “hope” for “Greece.”
Germans are caving and Russians are raising - rates, that is. Time for your daily FX Fix.
Commodity prices are once again reaching record highs, supported by a weak dollar and improving global demand, whether it be speculative or not.
The euro is gaining and stocks are following the single currency higher, but investors should avoid chasing the risk-on trade according to one analyst.