"A player on a sports team might prefer a particular strategy, but it's the coach's opinion that matters the most," said DRW Holdings market strategist Lou Brien, in a research note.
Austerity is - to put it bluntly - not going very well for a number of euro zone countries forced to impose measures on their economies and voters.
European stocks were indicated to open slightly lower on Tuesday, following lackluster trade in both Asia and the U.S.
At least two sons of Col. Muammar el-Gaddafi are proposing a resolution to the Libyan conflict that would entail pushing their father aside to make way for a transition to a constitutional democracy under the direction of his son Seif al-Islam el-Qaddafi, a diplomat and a Libyan official briefed on the plan said Sunday, the New York Times reported.
The ECB is this week expected to lift rates by 25 basis points in a bid to reign in inflation despite ongoing fears over the financial health of Portugal, Ireland and Greece.
European shares were set to dip on Monday, consolidating after hitting three-week highs in the previous session, with weak copper prices likely to put pressure on heavyweight mining stocks.
A Libyan government envoy has begun a trip to Europe to discuss an end to fighting, but gave no sign of any major climb down in a war that has ground to a stalemate between rebels and forces loyal to Muammar Gaddafi.
It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived, what will the move actually mean for the euro zone and the global economy?
The Greek government has declared war on its super-rich tax evaders, confirming Friday that it will chase taxpayers who own swimming pools, yachts and island homes.
European stocks were indicated to open higher on Friday, the first day of the second quarter, with investors eagerly awaiting the U.S. non-farm payroll numbers for March.
The stress tests, due to be published later Thursday, are expected to show the country's banks need more liquidity support than first believed, but even so, some analysts say they will still be insufficient.
The Bank of Spain has ordered the four savings banks or cajas that had been poised jointly to form the new Banco Base to provide details “immediately” of their plans following the collapse of the merger on Wednesday evening, the Financial Times reports.
European stocks were indicated to open flat on Thursday after ending the previous day at a three-week high, with investors watching for the results of Irish bank stress tests, due to be released later in the day.
European stocks are set to open higher on Wednesday, despite ratings downgrades for Portugal and Greece.
Perhaps we were wrong to cite the CBOE's VIX contract as a good indicator of market volatility? Recent events, including on-going military action in Libya and the Portugal sovereign debt crisis, would have suggested that the market should sell off on greater uncertainty, and yet the VIX fell from 29 last week to 17 today. Are investors becoming more sanguine about these issues?
The euro is currently overvalued, and it may have to fall to undervalued levels before the sovereign debt crisis is resolved, says this money manager.
Standard & Poor’s downgrade of Portugal’s five largest banks is wrong and mistakenly lumps Portugal with Greece, Ireland and Spain, the CEO of one of the banks told CNBC Tuesday.
Like stocks, the euro has so far this year shrugged off the so-called wall of worry. Concerns that the likes of Greece, Ireland or Portugal could default have not led to euro losses.
The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.
European shares were indicated to open slightly higher Tuesday, with worries about Japan's nuclear crisis and Middle East unrest still running high.