Greece is submitting a long-awaited list of reforms to lenders on Friday in the hope it will unlock badly needed cash, a Greek official said.» Read More
Apple proved once more its iProducts make for a powerful earnings machine, but that may not add much juice to tech shares Wednesday.
IBM's disappointing second quarter results will compete with a barrage of corporate earnings reports ahead of Tuesday's opening bell.
The market is set for a strong earnings season with corporate guidance giving a clear indication that surprises will be on the upside, according to Saxo Bank.
We believe the Fed has a much firmer appreciation of the risks than the Japanese ever did. We believe that the Federal Reserve is fully engaged and is more concerned about the threat of deflation than inflation.
This will still be a sunny summer for stocks, according to the chief investment officer of Swiss private bank Sarasin, Burkhard Varnholt.
Earnings releases from J.P. Morgan and Google book end the trading day Thursday and could provide some more juice to the market's earnings rally.
Eleven banks including Germany's Commerzbank and Italy's Banco Popolare will fail the European Union's stress tests, Alessandro Roccati, director at Macquarie Securities, told CNBC Wednesday.
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
There are risks associated with imposing regulation on London banks without the rest of the world following suit, the head of the British Bankers Association Angela Knight told CNBC Tuesday.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
European officials are under pressure to finish setting up their bailout fund for indebted governments before next week's publication of bank stress test results, which could highlight new financial strains.
Economists at Capital Economics are predicting it is more likely the euro zone will break up than survive.
Second quarter earnings season is likely to create a positive backdrop for stocks, at least temporarily.
Shopping for any excuse to rally, stock traders found it in chain stores' sales, and those reports may provide a clue to the earnings season.
It remains unclear how the assets on European banks’ balance sheets will be marked down under various stresses. So, will there be a need for significant capital at European banks and if the stress tests are deemed worthy, will that allow those banks to raise the necessary capital?
Some traders were encouraged by Wall Street's gains but also cautious that the third up move in a 12-day stretch was the result of an oversold bounce that could quickly evaporate in the next volatile session
The US government has inhibited economic growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC. Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, he said.
Upcoming stress tests in Europe are just one more reason not to hold banking stocks at the moment, according to James Chappell, a financial sector strategist at Olivetree Securities.
Europe faces the quandary of being unable to afford to bail out banks that are still considered too big to fail, while the global economy is heading for a slowdown economist Nouriel Roubini told CNBC.
Friday's disappointing June jobs number was the latest in a series of downbeat economic reports that have some economists looking to downgrade their growth forecasts to even more sluggish levels.