BRUSSELS— The European Union has revealed the names of five Russian banks it is sanctioning over what the 28- nation bloc decries as Moscow's meddling in Ukraine. The lenders are Russia's largest bank, Sberbank, Gazprombank, Rosselkhozbank, VEB and VTB bank. Russia's state-owned banks last year issued debt worth 15.8 billion euros.» Read More
The West is only half the way through a 20-year secular downturn that will not end until the children of the US baby boomers begin to flex their financial muscle in about 10 years time, according to Robin Griffiths, a technical strategist at Cazenove Capital.
Behind the revival in confidence in Greece lurks fear things could still fall apart, the Financial Times reports.
Spain's unemployment rate rose to a 13-year high of 20.09 percent in the second quarter, the government said Friday, as the job market lagged behind an economy that has barely managed to break out of recession.
The solidity of Belgium’s public finances was called into question on Tuesday after an independent budget watchdog challenged the government’s tax revenue forecasts and warned of higher budget deficits.
Durable goods orders for June due Wednesday could have as much directional sway with stocks as the flood of earnings news coming from companies like Boeing, Conoco Phillips and Comcast.
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
Despite the recent rally for equities across the world, the bonds are winning the battle for investors' cash and will continue to do so according to Robin Griffiths, a technical strategist at Cazenove Capital.
With the European bank stress tests out of the way, investors may shift their focus to what's got the stock market perking up in the last couple of days.
Today’s stress tests of European banks did not weigh as heavily on markets as many expected. Despite skepticism about the criteria of the tests—assuming no chance at all of a sovereign default—and the conclusions—only seven banks flunked—the market seems to accept the conclusion by bank regulators that Europe’s banks are not as sick as feared.
Former Bank of England Policy Maker David Blanchflower tells CNBC Europe's stress tests do not hold up to his kick it, punch it, poke it methodology.
Most of the largest European banks, are well capitalized but these results "can't begin to tell the full story," Cohen said.
Three European banks have revealed capital-raising plans before the results of stress tests were due to be made public, the FT reports.
Investors shouldn't take the European Union's bank stress test results at face value as the figures may not be telling the whole truth, Ralph Silva, director of Silva Research Network, told CNBC ahead of the test results Friday.
Wall Street will be closely watching the results of the European bank stress tests on Friday even as the deluge of earnings continue.
Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.
Fresh economic data Thursday could feed the market's phobia about a weaker economy, ahead of another round of testimony from Fed Chairman Ben Bernanke.
The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.
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.