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France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
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European shares post gains after upbeat U.S. housing data. Short-term yields plunge in the latest Spanish Treasury bill auction and German business sentiment posts an unexpected rise. The Greek Finance minister announces the country is close to a deal with private creditors. Bank stocks are among the best European performers on the day and health care stocks slide on bearish news for two Astrazeneca drugs. In the U.S., builders are up, as are utilities. With Patrick Arbor, Shatkin Arbor, James Keenan, BlackRock, and Mike Murphy, Fast Money trader.
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Spain sold more than its maximum target of Treasury bills Tuesday as borrowing costs declined and demand soared. Meanwhile strong German IFO data boosts the euro.
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U.S futures begin the day up. Bargain hunting in Asia brings mixed day to markets as investors remain cautious over the euro zone. The market in Britain is lower but the rest of Europe is up as yields for short term Spanish bonds plummet. The euro gets a boost from better-than-expected German IFO data. Deutsche Telekom is down after AT&T announces it's pulling out of its $39 billion bid to acquire T-Mobile USA.
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George Osborne has called time on Royal Bank of Scotland’s ambitions to be a force in global investment banking, as the chancellor backed sweeping reforms to ensure taxpayers never again have to rescue the banks. The FT reports.
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A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.
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The U.S. economy next year won't look all that different from this year, with low growth but little chance of recession, Goldman Sachs' chief economist Jan Hatzius told CNBC Monday.
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Sweden's Riksbank will meet and reach an interest rate decision Tuesday. Here's how to get ready.
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The U. S. markets are down after losing early gains. Financials weigh on the markets and an explosion at an Apple components factory in Shanghai creates concerns over iPad 2 production. Kingdom Holdings invests big in Twitter. And homebuilder sentiment rises for the third straight month, according to the NAHB.
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European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.
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Japan, the US and the UK will retain zero interest rates policies until at least early 2014, according to a December report by Swedish bank SEB.
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The euro may have had a rough week, but this strategist sees a way it could reverse course - sharply.
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Kim Jong Il KOs the won, and the euro eases as investors get edgy - it's time for your FX Fix.
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The European markets await euro zone news but rebound after a slow start. Italy's markets have a strong day and the UK struggles to get back into positive territory. Swedish Auto is down by 66 percent after Saab files for bankruptcy. And the euro is under pressure as the ECB announces it will launch a 3 year liquidity operation on Wednesday.
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U.S. futures are mixed. More gainers than decliners in Europe even though Fitch says a solution to the crisis is technically and politically beyond reach. The ECB announces plans to launch a 3 year liquidity operation on Wednesday. The death of North Korean leader Kim Jong il shakes already nervous Asian markets, as his son Kim Jong un takes over.
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Mario Draghi warned of the costs of a euro zone break-up, breaching a taboo for a president of the European Central Bank, in an interview with the Financial Times.
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The yuan has had a big move against the dollar, and this strategist says there is more to come.
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CNBC's Mandy Drury reports the U.S. markets are positive, for now. The lower dollar and stronger euro are helping push things today. Financials, industrials and materials are all higher. Adobe is up after a good earnings report, but Zynga fell below its $10 IPO price in early trading. Meanwhile, things continue to be Rough for RIMM after it delays its remake till the end of 2012.
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European shares are mixed in thin trading. Mining shares rally along with metal prices. Monti wins Italian confidence vote on austerity measures. The EU and IMF break off informal aid talks with Hungary. Britain says it plans to attend talks on a European fiscal pact. And a vote to withdraw German support for ESM fails. With JJ Kinahan, Think or Swim.
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Euro shorts take cover and Indonesia gets a ratings boost - it's time for your FX Fix.