CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.» Read More
If you're worried about the seemingly unending euro zone crisis, here's a less than obvious way to steer clear.
CNBC's Michelle Caruso-Cabrera has the details on the austerity package approval for Italy.
CNBC's Michelle Caruso-Cabrera has the story on Italy's bond auction results.
CNBC's Michelle Caruso-Cabrera has the story on the unfolding debt crisis as the government prepares an austerity package.
Italy sold 4.5 billion euros ($6.4 billion) in long-term debt on Thursday in a series of auctions seen as a gauge of market confidence in the country and of the wider euro zone.
European banking stress tests will be a missed opportunity for policymakers to reassure markets unless they come down heavily on undercapitalized banks, analysts and investors told CNBC.com.
Fitch Ratings on Wednesday downgraded Greece deeper into junk territory, citing the absence of a new and fully funded financing program for the country.
Risk-off sentiment is easing, but the European debt crisis is not even close to being solved. Here's how to trade the new mood.
Get into gold, art and jewelry, Scott Minerd, chief strategist at Guggenheim Partners, told CNBC Wednesday. "We're in a 'beggar thy neighbor' era. Paper money is garbage at the end," he said. "It's a matter of relative values, about which garbage do you own."
Moody's is punishing the wrong EU member by downgrading Ireland, Wilbur Ross Jr., CEO of WL Ross & Co., told CNBC Wednesday. If Moody's "downgrades enough people recklessly, nobody will be able to access the public markets in 2013. I think it's a ridiculous idea."
Euro traders are relieved and margin traders in Japan are not. It's time for your FX Fix.
As the crisis in the peripheral area of the euro zone threatened to drag Italy down further on Wednesday, the majority of the region now faces further contagion.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.
Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.
Wealthy Americans, who are expected to increase their spending on luxury items by 8 percent to $359 billion this year, are no longer embarassed at flaunting their wealth despite an economic slowdown which has caused hardship on many who have lost their jobs, David Arnold, publisher of luxury magazine the Robb Report told CNBC.
Experience suggests European politicians will struggle to agree on a deal that would actually draw a line in the sand of the entire euro zone debt crisis. Many blame their indecision for getting the euro in this position in the first place.
In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.
Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.
Euro Zone finance ministers met yesterday and released a statement overnight that created headline. Also, there have been a slew of comments coming from the individual finance ministers, which have generated larger moves in the financial markets as pessimism about a cure have increased.
Nicholas Colas, ConvergEx Group discussing whether the market rally is a sham, and the Fast Money traders with trades you should make today.