Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework.» Read More
CNBC's Ross Westgate with details on what the two European leaders will be discussing at their meeting today, and CNBC's David Faber weighs in on another round of job cuts on Wall Street.
Though Tuesday's Sarkozy-Merkel meeting won't focus on issuing euro bonds, some say its adoption may be the only way to save the EU, reports The New York Times.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
Kevin Ferry, Cronus Futures Management, explains why the currencies are back in the center stage Tuesday. "The Swiss our facing a difficult situation with their own interest rates," he adds.
The next recession could happen within a quarter of a year, one fund manager told CNBC Tuesday, as weak German economic growth figures were announced.
Kathy Lien, Director of Currency Research at Global Forex Trading says the Merkel/Sarkozy meeting will likely to be big disappointment. She explains more.
A preview of tomorrow's meeting between the two leaders and its impact on global markets, with Charles Dallara, Institute of International Finance.
"The markets are exhausted by the Euro zone debt crisis," Nick Beecroft, senior markets consultant at Saxo Bank, told CNBC. He added that the risk-off enviornment would return.
Insight on what will happen to markets after the meeting, with Willem Buiter, Citi chief economist.
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
¿The volatility in the markets is being caused by the un-intentioned assistance the central banks are providing because there are such a variety of different liquidity schemes¿¿I think a lot of these schemes are bouncing off each other and investors are finding it very hard to find out exactly where they lie but the liquidity is there,¿ Guy Monson, managing partner & chief investment officer at Sarasin & Partners told CNBC.
Uncertainty over sovereign debt and the volatility in world markets could mark a period of "2008 redux," and the best option for investors is to remain cautious with long-term assets and hold on to cash, Julian Pendock, a partner at Sendock Capital, told CNBC.
As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.
France's president and Germany's chancellor will meet early next week. Discussing whether Germany has the will to rescue Europe, with Michael Hewson, CMC Markets; CNBC's Michelle Caruso-Cabrera & Ross Westgate.
The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
European Union leaders are under pressure to take action to stem the spreading debt crisis. CNBC's Michelle Caruso-Cabrera with the details.
CNBC's Michelle Caruso-Cabrera reports European leaders will be holding a conference call today to talk about the growing debt crisis there.
What has become clear to anyone who is not actually running a euro zone member state or a central bank in Frankfurt is that reacting to yesterday’s crisis simply leads to tomorrow’s crisis.
Let's make this quite clear: there is no need for the markets to get spooked by German Finance Minister Wolfgang Schaeuble's comments about "no carte blanche for ESFS bond buying".