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European Commission President Jose-Manuel Barroso on Sunday called for Europe to co-ordinate any steps to address the economic impact of Icelandic Volcano which has grounded flights across the continent.
The yuan's peg against the dollar and a bigger say on the international scene may be making all the headlines as the BRIC leaders meet in the Brazilian capital over the next 24 hours. But the big story is the growth in trade and investment between the four economic power houses – and how this is shaping relations between them.
If the euro can't go ahead, it will go backwards, the famous financier said. "It's important to understand that if you don't make the next steps forward for the euro, the euro will go to pieces and the European Union too," Soros added.
Investors looking to benefit from emerging market growth should buy German export stocks, Matthias Born, portfolio manager at Allianz Global Investors, told CNBC Wednesday.
Investors are underestimating the strength of the German and French economies, which will return to strong growth in the second and third quarters on the back of export and investment strength, Bob Parker, an analyst with Credit Suisse, told CNBC Wednesday.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
The next 24 hours will be critical for Greece and its economy. After news over the weekend that the euro zone put together a rescue package, Athens will now test the markets reaction.
Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.
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An aid package for Greece could come as early as this weekend, as the Balkan country is in danger of running out of cash, analysts at UBS wrote in a research note Friday.
Attempts to rescue Greece are simply making matters worse and the quicker the crisis comes, the better for the world.
The Greek Finance Minister will travel to the U.S. in two weeks to drum up support for his latest bond auction that he hopes will raise $10 billion ($13.4 billion).
The talk around the deal agreed by EU leaders to support Greece in case it needs more liquidity hurt the country more than it helped, Petros Christodoulou, director general of Greece's Public Debt Management Agency, told CNBC.
Of all the regions in the world, Bhaskar Laxminarayan, chief investment officer at Pictet Asia, told CNBC he has the least confidence in Europe right now and warned that there could be more negative surprises coming out of the region.
European Central Bank Governing Council member Axel Weber said current interest rate levels are appropriate, signaling that the central bank will stick to low rates for some time, the Nikkei newspaper reported on Sunday.
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.
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