WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...» Read More
HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.
European shares were called to open lower Tuesday despite Greece securing its crucial second bailout of 130 billion euros ($172 billion) helping it to avert a disorderly default.
Significant oversupply in the shipping market has contributed to the Baltic Dry Index (BDI) falling by 71.87 percent over the last two years, but one expert told CNBC he believes market conditions will improve in the next few years.
Investors turning to the still-expanding BRIC economies of Brazil, Russia, India and China should be aware that these countries remain exposed to risks – including internal conflict and the impact of climate change – which could undermine their potential for attractive returns, a new report by global analysts Maplecroft warned on Monday.
Greece’s second bailout deal is expected to finally be sealed later Monday at a meeting of the Eurogroup of euro zone finance ministers, but the troubles of the heavily indebted Mediterranean country will stay on the markets' agenda, analysts believe.
European shares were called higher Monday on the back of hopes that Greece will secure its second bailout when euro zone finance ministers meet later on Monday.
Investors should switch to a more risk-neutral position on the euro as the recent rally in risk assets has made currency crosses that are not risk-adverse less attractive and they may come under further pressure, Jens Nordvig, global head of G10 foreign exchange strategy at Nomura, told CNBC.
European finance ministers are set to decide by Monday whether to give a new loans to Greece. But if you want to improve Greece’s debt-to-GDP ratio, don’t give them any more debt.
Yet another week has gone by without a final resolution of the terms of Greece’s second bailout deal within two years.
The main European markets were expected to open up slightly on Friday, after a week where Greece once again dominated the agenda.
An oil price spike is likely this year as 10-year volatility is below average and geopolitical risks are not properly priced in, Ron William, a technical strategist at Mig Bank, told CNBC.com.
The major European markets were called lower on Thursday after yet another delay in the Greek bailout deal.
Portugal’s economy minister sought to dispel impressions that the country could follow a similar path as Greece in an interview with CNBC, pointing out that the tough economic reforms it is carrying out enjoy the support of the population and stressing Portugal will not turn its back on the single currency.
Although there are similarities with what the United States went through at the onset of the financial crisis, the issues in Europe are are more complex and will take years to resolve, Henry Paulson, former Treasury Secretary and founder of the Paulson Institute told CNBC on Wednesday.
The cancellation of Wednesday’s special meeting of euro zone finance ministers, which was planned to rubber-stamp Greece’s latest bailout deal, shows that other euro zone members are increasingly bargaining harder with Greece, economists told CNBC.
European markets were expected to open slightly higher on Wednesday ahead of a number of important economic growth figures.
Stock markets can expect to receive a boost from a second huge European Central Bank liquidity injection, according to Lakefield Partner’s Bruno Verstraete.
The Greek parliament’s approval of fresh austerity measures despite violent protests in Athens opened the door for a brighter disposition in markets and this could push stocks upwards, according to analysts.
The European markets were expected to open higher Monday morning after a turbulent weekend in Greece.
Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.