WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..» Read More
Greece's debt deal could help the struggling euro zone country avoid a "refinancing crisis," but Greece still needs to cut its budget deficit to resolve its long-term problems, economist Nouriel Roubini told CNBC Friday.
The euro is set to remain weak against the dollar as the currency wipes out nearly all the gains it built during 2009, Royce Tostrams, technical analyst from Tostrams Groep told CNBC Friday.
The risk of default for Greek debt is priced much higher than that of Eastern European countries like Romania or Turkey. But Greece is rated investment grade while the two Black Sea countries are rated below investment grade.
European stocks should power higher over the long term, but the next month could take a chunk out of the market, Julius De Kempenaer, manager at Taler Trend Fund, told CNBC Thursday.
If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.
Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.
I nvestors wanting to take part in the market's upside but also looking to protect against the downside risks should focus on three areas , Sani Hamid, director of wealth management at Financial Alliance, told CNBC.
The Dutch economic affairs minister has accused the U.S. government of being the most important hindrance to global trade talks, the so-called Doha round of negotiations which have dragged on for almost a decade.
Dusting off an old long-play record of the Rolling Stones or Beatles and harking back to the heyday of the 1960s and 70s is one thing. But Guy Monson, CIO & managing partner from Sarasin & Partners, has taken baby-boomer nostalgia to the next level and is looking to the bygone era for investment advice.
Sterling is undervalued against the euro. Just about every trading desk that I talk to seems to think so. However, very few of them tell me that they will be willing to back the pound until the general election is over.
Equity markets have switched from fear to outright complacency in the space of one year and are ignoring the warning signs, according to SquawkBox Europe's guest host, Phillippe Gijsels, head of research at BNP Paribas Fortis Global Markets.
When talking about recovery in the UK economy, most look to London, the financial capital, for signs that things are getting better. But Manchester, one of the country's second- or third-biggest cities, depending on who you believe, would like to think it has something to do with it. And the latest figures show that.
European Commission President Jose Manuel Barroso says the EU needs to agree as soon as possible on a mechanism to support Greece financially if needed.
The Bank of England is not expecting a double dip recession for the global economy despite some risk signals, policy maker Andrew Sentance told CNBC.
Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of "The Gloom, Boom and Doom Report," told CNBC Thursday.
German Chancellor Angela Merkel says there needs to be a mechanism to expel countries from the eurozone if they persistently break its financial rules.
"The government has taken very decisive action in cutting capital spending and the salaries of public service workers ... We are in the right direction in terms of winning more foreign investment, says IDA CEO O'Leary.
The recent weakness of the euro against the dollar is set to change and the euro could rise to $1.45 in the next two weeks, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
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