BRUSSELS, July 25- The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector.» Read More
Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
Germany is showing more commitment to the resolution of the euro zone debt crisis, and is likely to expect even greater influence on the fiscal discipline of its neighbors in return, analysts told CNBC.
The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.
"We have seen a very dramatic fall in the FTSE 100 over the past week. How low can we go? We might break the 2009 low, but I would be quite reluctant to start aggressively selling into this market," Steven Mayne, director at Mayne Financial, told CNBC.
“So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.
Robert Howe, Chief Executive Officer of Geomatrix talks about his global outlook and investment strategy.
Malcolm Turnbull, Shadow Communications Minister of Australia, says consumers do not have confidence in the market due to the lack of leadership in both U.S. and the euro zone.
Andrew Su, CEO of Compass Global Markets and Stuart Oakley, Head of Emerging Markets, FX Trading at RBS, hold different views in their investment strategies.
Andrew Su, CEO of Compass Global Markets, thinks the greenback still stays strong against euro, while Stuart Oakley, Head of Emerging Markets, FX Trading at RBS, says the U.S. currency is in an obvious downtrend.
Global investors are also watching Europe as the ECB plans to buy Spanish and Italian debt on the secondary market, with CNBC's Michelle Caruso-Cabrera.
"We have seen the ECB do the talk before, we have seen them come in and buy bonds before, and to be fair, it's worked on a one-day basis. What's extraordinary about today is that we've seen this move, and yet equities are selling off rapidly," Gary Jenkins, head of fixed income research at Evolution Securities, told CNBC.
Central banks have been busy in the currency markets. Here's how to profit when they wade in.
S&P could be planning an imminent US credit ratings downgrade, with Barry Nolan, former Joint Economic Cmte.; Steve Moore, Wall Street Journal; and Joseph Watkins, MSNBC political analyst.
Discussing whether the ECB's plan to buy Italian bonds is too little too late, and whether the country is about to default, with Vincent Reinhart, American Enterprise Institute, and David Malpass, Encima Global.
A European bailout of Italy is in the works just as Italian PM Silvio Berlusconi vowed to balance the country's budget by 2013, with CNBC's Michelle Caruso-Cabrera.
The Continent could have its 2008 moment that the U.S. went through if it doesn't soon solve its sovereign debt crisis, Cramer said.
Just imagine what would have happened to the markets if the debt ceiling wasn't raised. Yesterday, the equity markets fell off a small cliff and gave back the gains for the year. Today, we are watching the markets on a roller coaster ride as investors try to figure out what is really happening in the economy.
Got whiplash? The euro is spiking on news of the European Central Bank's Italy support - for now.
Goldman Sachs, in a bearish forecast, expects 2 percent growth in the U.S. for the next few quarters and a "significant risk, one in three, that we will go back into recession," senior economist Jan Hatzius told CNBC Friday.