BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.» Read More
Even with the EU bailout, giving Greece 3-years of breathing room, the market is saying something is not right and that Greece will not be able to avoid some sort of debt restructuring.
The banking crisis is not over and the global economic recovery is far from guaranteed, according to Danny Gabay, a director at Fathom Consulting in London.
The key factor for the stock market in coming months will be the pace at which the global economy slows, Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, told CNBC Monday.
I was hoping we could forget about the Club Med countries for a while. China's currency, the G20 Toronto meeting, and the sacking of McChrystal pushed Greece off the front page.
Those expecting a double-dip recession and a stock market crash will be disappointed, according to Credit Suisse analysts.
The Russell indexes rebalancing and approaching quarter end could influence the direction of stocks Friday.
European companies that export their goods are sure bets for investing, two fund managers told CNBC Thursday.
Shockingly bad housing data this week, and now the Fed's downgrade of the economy could ramp up market anxiety with each new economic report.
More disappointing economic news sapped stock prices Tuesday, making the Fed's comment on the economy Wednesday a bigger event than it might otherwise have been.
The move by China to allow a more flexible exchange rate for its currency shows that the danger of a double-dip recession is remote, Bob Doll, BlackRock vice chairman, told CNBC Monday.
Banking reform will likely overshadow the Fed in the coming week, as Congress edges closer to a new financial regulatory reform bill whose effect on the financial sector remains murky.
Last year's stock-market rally won't be repeated for the foreseeable future and likely not for decades, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC Friday.
The public outcry over national deficits has spurred international fiscal policy makers in some countries to impose austerity measures unnecessarily, Paul McCulley, managing director at Pimco, told CNBC Wednesday.
Some German millionaires and billionaires want to give up 10 percent of their income to help fix the budget mess in Europe. Would such a plan ever work in the United States?
Another solid close for European bourses today, with many markets closing at or near session highs.
The recovery will continue to be steady, but “sluggish and choppy” with a 1 ½ percent growth rate, and unemployment will remain high, at between 9 and 10 percent, for the next 18 months, Jan Hatzius, chief US economist of Goldman Sachs, told CNBC Tuesday.
The euro is barely intact, and rescuing the banks only worsened the financial crisis, Roger Nightingale, strategist at Pointon York, told CNBC on Tuesday.
Stocks will navigate choppy waters in the week ahead, but could sail a bit more smoothly—barring any nasty, new surprises from Europe.
Portugal raised about 1.5 billion euros yesterday and Spain 3.9 billion euros today in auctions that were surprisingly oversubscribed.
If so, that’s one thing that could push this market higher.