*U.S. stocks edge up along with MSCI world index. "The lower-than-expected U.S. initial jobless claims has made people focus on the improving labor market situation," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut.» Read More
A global crisis of confidence is imminent unless there's “a bigger boat” to tackle the world’s economic problems, Beat Lenherr, chief global strategist at LGT Capital Management, told CNBC Friday.
The European debt crisis will deliver a "meaningful hit" to global growth and the recent selloff in stocks indicates the global economy has major structural issues, Mohamed El-Erian, CEO and co-Chief Investment Officer of Pimco, told CNBC Friday.
The euro has taken a beating in the past few weeks as concerns over the fiscal stability of the euro zone cause investors to sell the currency. But Royce Tostrams, technical analyst at Tostrams Groep, told CNBC on Friday that the euro is an 'ugly duckling' story and has both short- and long-term potential.
Markets are significantly undervalued in terms of corporate earnings, and stocks are set to bounce back with a vengeance, Christian Blaabjerg, Strategist at Saxo Bank, told CNBC Friday.
Spain says cutbacks aimed at reigning in its deficit will hurt economic growth in 2011, which it now expects to be half a percentage point lower than previously forecast.
Stocks are likely to continue their aggressive decline and shed another 20 percent as the world economy weakens, economist Nouriel Roubini told CNBC.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
At both ends of the workforce spectrum, Portuguese are saying the same thing—I want a job.
Minutes to the Bank of England's latest interest rate meeting reveal a division among policymakers on the outlook for inflation amid a still weak economy and the debt crisis.
Hugh Hendry, the outspoken fund manager who runs Eclectica Asset Management in London, told CNBC he is betting China’s credit bubble is about to burst, causing another global crisis.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.
Investors worried about the euro zone’s proliferating debt crisis have found safety across the Atlantic on Wall Street, according to Bank of America Merrill Lynch.
The euro is set to continue its recent sharp declines against the dollar and could fall to between $1.18 and $1.15, Roelof van den Akker, senior technical analyst from ING Commercial Banking told CNBC Tuesday.
European finance ministers meet in Brussels Tuesday and much of the talk will focus on how the sinners can be punished.
Call it the eurozone two-step. That’s what the euro nations in distress will be asked to dance on Tuesday as their ministers present their recovery plans to the body of 16 eurozone finance ministers engaged in an emergency meeting in Brussels.
Greek Prime Minister George Papandreou declared he is not ruling out taking legal action against U.S. investment banks for their role in creating the spiraling Greek debt crisis.
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With the euro under pressure on Monday euro zone and European Union finance ministers heading for a meeting in Brussels over the next 48 hours, the German government is pressing other members of the euro to adopt their own versions of the so-called balanced budget law.
Following the European Central Bank’s decision to start buying assets to relieve liquidity problems within the euro zone, a leading German lawmaker has called for ECB President Jean-Claude Trichet to resign.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
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