CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks and a decline for Russia related stocks.» Read More
"We are not worried about Italy, we think this is a panic and unfounded fear," Oliver Baethe, chief financial officer at Allianz told CNBC. He added Allianz's exposure to the peripheral debt was now "fairly limited." "We have about 5 billion euros in exposure to the peripheral countries, the largest one of that left is Spain. On all the other ones its much smaller the net unrealised losses on all of the periphery portfolio is around 700 million," he said.
European Union leaders are under pressure to take action to stem the spreading debt crisis. CNBC's Michelle Caruso-Cabrera with the details.
CNBC's Guy Johnson has the story on the EU Commissioner's comments on Europe's debt crisis.
Thursday's market turmoil pulled gold downwards as speculators liquidated speculative positions, but analysts told CNBC that the longer term flight to safety could now speed up and drive the precious metal towards $2,000 an ounce.
Is it time to buy gold or flee to cash? With all of the hyperbole in the market on Friday following the 500 point fall in the Dow Jones Industrial average on Thursday, and heavy selling in Asia and Europe Friday, the answer might be bottled water, tinned food and shovels.
The big ratings agencies have been blamed for much during the credit crisis, but they hadn't been raided by any of the countries they've threatened with downgrades, until Wednesday.
As we approach the fourth anniversary of the beginning of the financial crisis, one analyst believes markets could be facing a “perfect storm”
Jean-Claude Trichet tried his best to provide reassurance to investors on Thursday.
Richard Yetsenga, Global Head of FX Strategy at ANZ, thinks medium term investors should wait and sell the dollar at a higher level.
Technical factors played a role in Thursday's unsettling market moves, including the disorderly across-the-board collapse in the price of risk assets in the final hour of trading and the related surge in U.S. Treasuries. But they were not the cause. Rather, they amplified three factors that will determine the fate of markets in the weeks ahead.
One last look at the Asian market open and what's on the radar for tomorrow, with CNBC's Simon Hobbs, Brian Sullivan & Mandy Drury.
The euro tumbles as the European debt crisis heats up. So do currency traders see more pain for US stocks? Amelia Bourdeau, Westpac Institutional Bank, Brian Kelly, Brian Kelly Capital, and CNBC's Scott Wapner, discuss.
Discussing the threat of Italian bankruptcy, with David Malpass, Growpac.com, and Charles Dallara, Institute of International Finance.
European leaders are working through the night, as much of the stock plunge can be attributed to fears of an Italian bankruptcy, bond default and run on Italian banks, reports CNBC's Simon Hobbs.
The Fast Money crew offers special CNBC.com-only advice on your investments.
Bank of America is at multi-year lows haven't seen since 2009, with Chris Whalen, Institutional Risk Analytics.
Where can investors hide when central banks target safe havens? Hens Nordvig, head of G10 Fx Strategy at Nomura, weighs in.
CNBC's Michelle Caruso-Cabrera has the story on ECB's Jean-Claude Trichet statement that the Eurozone's financial situation is better than the U.S. and Japan.
The European Central Bank is not worried about the health of the euro zone as a whole and it will stick to its role of fighting inflation, ECB president Jean-Claude Trichet told CNBC in an interview Thursday.
CNBC's Sylvia Wadhwa has the details on the European Central Bank ans Bank of England keeping key interest rates unchanged.