European equities closed sharply lower Friday following a slew of data releases and as uncertainty over Greece weighed on sentiment.» Read More
European shares are called to open the trading day broadly mixed as negative sentiment via the continued Greek political uncertainty continues to weigh on investors.
The ongoing trajectory in Greek politics could lead to a scenario under which the Greek government chooses, or is forced, to leave the euro within the next year, Credit Suisse said in a note to clients on Wednesday.
The sooner Greece leaves the euro the better, according to venture capitalist Jon Moulton.
European stocks are called to open higher Wednesday, consolidating some of their losses from yesterday’s session, which saw the Greek market fall to a 20-year low.
The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.
There always is a plethora of questions any stakeholder has for a presidential hopeful. For both local and foreign investors, those will often pertain to economic policies that will help the Arab world’s most populous nation out of its slump. But for most Egyptians and as a corollary the 13 presidential candidates in this month’s election, it’s not.
European shares are called to open the trading day mixed as markets survey the post-election landscape in Greece and the future of that country in the euro zone.
The surprise winner in the Greek elections is a communist party called the Coalition of the Radical Left. Its leader spoke with CNBC in September about a Greek program to keep the country financially afloat.
Having seen its influence on global markets ebb in recent months Greece now finds itself at the eye of the storm again, following an inconclusive election result that saw voters reject austerity and the terms of its bailout from the European Union and International Monetary Fund.
European shares were expected to open lower as voters in France and Greece both reacted to austerity measures in their countries by kicking out incumbent governments in elections over the weekend.
Stocks could see a move higher similar to gains seen in 2003 and 2009, leading to a rise of as much as 40 percent in 2012, Michael Gayed, Chief Investment Strategist at Pension Partners, told CNBC's European Closing Bell.
After hitting record lows on Wednesday, German bund yields are reflecting a difficult market environment and could remain low for some time; Richard Urwin, Managing Director and Head of Investment at BlackRock told CNBC’s Squawk Box Europe.
Elections in Greece on Sunday could throw the country into disarray once more, unsettling investors who believed that a deal struck earlier this year to restructure the country’s debt and avert a default marked the end of a major chapter in the euro zone debt crisis.
European shares are seen opening the day lower as concerns that the closely watched labor market data out of the U.S. will show only modest improvement.
The European Central Bank will leave rates on hold on Thursday and continue to assess the impact on the economy of two rounds of cheap, 3-year funding for banks, analysts told CNBC, warning that the bank’s ability to fight the crisis is waning.
The chief executive of Societe Generale, Frederic Oudea, warned Socialist party French presidential candidate Francios Hollande against any move to break up the French banking system on Thursday as the financial institution announced first quarter earnings that declined from a year earlier.
European shares are seen opening higher Thursday with the European Central Bank’s interest rate decision a major focus for markets.
European shares were expected to open mixed on Wednesday following the May Day holiday in a week that is expected to see light trade across global markets.
With snap elections around the corner for Greece after five months of technocratic government, analysts worry migration will reach new peaks in 2012 — and that it is the brightest and best-educated who will leave, possibly for good.
The 2012 bull market still has further to run, according to Paul Schatz, president of Heritage Capital, an independent investment banking and advisory firm. Instead of a major selloff, Schatz believes that the equity markets will only peak later on in the year, or early in 2013. But he’s undecided about whether this will incorporate a “sell in May and go away” mantra.