Europe Video
Roelof van den Akker, senior technical analyst at ING Wholesale Banking, joined CNBC for a technical look at the Euro/Dollar, Gold and the Dax index. |
"I think what the chairman, Marcus Agius, has done is bought time for Bob Diamond I think there is more information to come out and I think shareholders will be very anxious to see the full story and I think people will hold fire for the time being," Stephen Peak, head of pan European equities at Henderson Global Investors, told CNBC. |
"The fundamentals for oil are not right yet, we have seen quite a big surge in supply coming from Saudi Arabia, they have more than offset the concerns from the Iran political situation and demand is slowing down," Daniel Lacalle, senior portfolio manager at Ecofin, told CNBC. |
"The risk is that if we were to get a very weak payroll number at the end of the week, then markets will hope and assume that will encourage the Federal Reserve to come back in and put more liquidity into the system," Jeremy Stretch, head of currency strategy at CIBC, told CNBC. |
Glencore is reportedly preparing to walk away from its multi billion merger with Xstrata instead of paying more for the deal. Catherine Boyle has more. |
"Russia doesn't like the idea of western backed regime change anywhere, it only backed the UN resolution in Libya because it thought it probably wouldn't work and it has no intention of allowing another leader to be deposed by their own people and the West," Peter Apps, political risk correspondent at Thomson Reuters, told CNBC. |
The Financial Services Authority's agreement with banks that they will pay compensation for mis-selling interest rate hedging products is not a guarantee that more regulation for banks isn't on the way, Martin Wheatley, head of financial conduct at the FSA, told CNBC. |
Authorities in the U.S. and Europe need to get involved together with the UK authorities to make sure rigging of interest rates by banks cannot happen again, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee told CNBC. |
The UK is unlikely to join a banking union as the one proposed for banks in the euro zone, Jean-Claude Juncker, president of the Eurogroup group of finance ministers in the euro zone, told CNBC. |
How do you make money in these markets? Here is a snapshot of what experts on CNBC have been telling us this morning. |
Boris Epshteyn, principal at Strategy International and JD Piro, senior VP of National Practice leader at Aon Hewitt, joined CNBC to discuss the practical implications of this ruling. |
Joseph Stiglitz, former World Bank chief economist and author of the 'Price of Inequality' told CNBC, "The scandal that has broken out in the UK (Libor) illustrates one of the main themes, that a lot of inequality especially income at the top doesn't come from people really making our economy work better," |
"A mega spike in agricultural markets would be something you would end up seeing on the streets in food riots, we are already only ten percent off the 2008 highs in many agricultural products, there are extremely low stocks in corn and very dry weather in the US across the corn belt," Kevin McGeeney, CEO of Starsupply Commodity, told CNBC. |
"Over the last five years we have had double digit growth and we believe we are at the bottom of that curve now and believe there is going to be a twenty percent increase this year," Peter Shakeshaft, chairman of Vin-X, told CNBC. |