Stocks in weaker euro zone countries like Spain and Italy look set to outperform their stronger peers this year, analysts say.» Read More
More European countries will need bailouts until policy makers address the underlying causes of their financial problems, which include too much government debt and not enough spending controls, Pimco's Mohamed El-Erian told CNBC.
The EU bailout for Irish banks failed to quell financial markets. Borrowing costs for Portugal, Spain and others continue to rise, because structural problems created by the euro and single European market remain unaddressed and more crises are inevitable.
A look at recent German headlines shows the difficulty the government of the euro zone’ biggest country faces in satisfying both the demands of its euro zone partners and those of its citizens.
U.S. stock index futures continued to fall sharply ahead of the open Tuesday after an index of home prices fell unexpectedly and as fear of contagion from the European debt crisis continued to rattle investors.
European shares were set to rise Tuesday, bouncing back from seven-week closing lows in the previous session on worries about the euro zone debt crisis, after Wall Street cut its losses.
There are clearly two perspectives emerging on Europe's problems and this chasm in perspectives will become more clear as time goes by. The budget minded nations are reigning in the less disciplined sovereigns. Solvent Europe vs. broke member nations.
When it comes to the housing market in California and peoples' ability to purchase homes, California still isn't doing very well. But the state's second largest private lender is growing by leaps and bounds. But it will take a lot more than his success to create a real market recovery.
The premium investors demand to hold Belgian government bonds rather than benchmark German debt rose to its widest level since early 2009 on Monday as the country issued 2 billion euros of 2014, 2020 and 2035-dated bonds.
Economist Nouriel Roubini says Portugal should consider asking for a bailout before its financial plight worsens.
European shares were indicated higher Monday, expected to reverse some of last week's losses after the European Union agreed an 85 billion euros ($113 billion) bailout for Ireland at the weekend.
Next week brings November's employment report, a critical bit of data in a week likely to be dominated by readings on the U.S. economy and the developing debt crisis in Europe.
Here's the disturbing headline statistic: Portugal, Ireland, Greece, and Spain have sucked out 93 percent of the total liquidity taken from the ECB and other central banks.
Belgium faces an important test Monday, when it aims to sell between 1.5 billion euros ($1.9 billion) and 2.5 billion euros worth of bonds in an auction that will indicate the level of investor confidence in the nation plagued by political turmoil and high levels of debt.
Fears of contagion from the euro zone crisis were running high Friday but correlations between markets suggested investors were not as afraid of a systemic crisis as they were back in May and June.
Any bailout of Spain could severely stress the ability of Europe’s stronger countries to help the financially weaker ones, and spell deep trouble for the euro. The New York Times reports.
European shares were set to open higher on Thursday, adding to gains in the previous session, and after Wall Street rose on upbeat economic data.
As shoppers hit the stores this Thanksgiving weekend, investors are likely to keep bidding up retail stocks even as some of those stocks hit multi-year or even all-time highs.
Things are getting better in the long term when it comes to the banks and Europe, H. Rodgin Cohen, senior chairman at the law firm Sullivan & Cromwell, told CNBC Wednesday.
The United States faces similar debt troubles to Europe's, yet its large size will spare it from spiraling into a sovereign crisis, Marc Chandler, global head of currency strategy at Brown Brothers Harriman, told CNBC on Wednesday.
Ireland faces an uphill struggle to survive the turmoil currently plaguing it, and the rest of Europe will need to stand by the country if it wants to avoid the debt crisis spreading further across the region, Mohamed El-Erian, CEO and co-CIO of Pimco wrote in a commentary piece for the Financial Times on Wednesday.