Louis Navellier, whose "Squawk Box" model portfolio is up 19% this year, shares his views on how to ride out the volatility in the market.» Read More
Markets in Europe extend losses as Wall Street slumps. Bank stocks among the biggest losers. Yields fall in the latest 5- and 10-year auction of Italian debt. Negotiations between Greece and private-sector creditors continue. Underwriters hike cost of insuring Portugal bonds and want upfront payment. And Germany's Merkel to actively support re-election efforts of Frances's Sarkozy.
Bowing to mounting evidence that austerity alone cannot solve the debt crisis, European leaders are expected to conclude this week that what the euro zone countries need is a dose of economic growth. The New York Times reports.
Slow progress on Greek debt and a looming EU summit sap risk appetite and lift the buck — it's time for your FX Fix.
Greece’s finance minister angrily rejected a German plan for the euro zone to impose a budget overseer onto Athens, saying it would improperly force his country to choose between “financial assistance” and “national dignity”. The FT reports.
No country will exit the euro zone this year but a solution to the debt crisis remains elusive, Jim Rogers, CEO and chairman at Rogers Holdings, told CNBC Monday.
Greece once again appears on the verge of reaching a deal with its private-sector creditors on how much of a loss they would be willing to accept on their bond holdings, The New York Times reports.
Benchmark crude oil prices will likely rise this week as risk appetite improves on optimism that Greece and private sector creditors are nearing a deal on a debt swap, CNBC's weekly survey showed.
Is the risk rally for real? Stocks, risk currencies rally on hopes of a global recovery. Currency traders signal the all-clear on the global economy, with CNBC's Melissa Lee and the Money in Motion traders. And will the jobs report ruin the rally. The currency trade behind next week's jobs report. With Joe LaVorgna, Deutsche Bank.
"I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also weighs in.
Everyone is thinking of the European Central Bank’s Greek bond holdings the wrong way.
During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.
The European Central Bank has reportedly come under pressure to “participate” in the haircuts being negotiated for Greek bonds.
A deal with private investors to swap Greece's debt to a more manageable burden is close to being concluded and the next three days are crucial, Olli Rehn, the European Union's monetary affairs commissioner, said during a debate hosted by CNBC in Davos.
The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.
Even as Greece tries to convince creditors that its debt-reduction efforts are on track, gloomy new IMF forecasts about its long-term economy are threatening to derail talks meant to secure the nation’s next big installment of bailout funds. The New York Times reports.
Where is Greece's Papademos? Where is Mario Monti? What happened to the prime ministers of Spain and Portugal? Were they not invited to the Davos Summit? Surely, they were.
The euro rises on happy talk, GDP hangs over the dollar - it's time for your FX Fix.
This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"
"Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."
As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.