CNBC's Karen Tso reports on all the market moving events from Europe, as investors focus on U.S. Fed tapering plans.» Read More
For the first time in months, Wall Street trading desks are turning more bullish on the Euro and not betting against the currency, according to people familiar with the matter.
Moody’s Investors Service may cut Spain’s credit rating as much as two levels. The rating agency is currently reviewing Spain’s AAA foreign and local currency sovereign bond ratings. Spain continues to face fiscal challenges and falling growth expectations.
At least I'm hoping there is no double dip. Data on capital investment and personal income has been encouraging but I think we are in a bearish frame of mind so that gets somewhat ignored. The negative gets emphasized when your mind set is that way.
Stocks ended their worst quarter in over a year with a selloff Wednesday after a disappointing report on private-sector employment in the U.S. Banks ended mostly lower. Ford jumped.
Stocks oscillated Wednesday as investors juggled some encouraging bank news against a disappointing report on private-sector employment in the U.S. Ford jumped.
Stocks turned higher Wednesday as investors juggled some encouraging bank news from Europe against a disappointing report on private-sector employment in the U.S.
Wall Street looked set for a slightly lower opening Wednesday after the latest report on private-sector employment arrived much weaker than expected.
The European Central Bank loaned banks 131.9 billion euros ($161.4 billion) at its 3-month lending auction Wednesday, below expectations, sending the euro higher against major currencies.
Investors everywhere were stashing whatever money they had into anything that might provide safety. Reflecting on those terrifying days of yore, you might understand why so much buying pressure amid market panic may have driven yields so low, but what about now?
Stocks are dropping over concerns over Spanish bank funding, lower China growth, IMF warning on Austria, SF Fed warning on US states, and strikes in Europe.
The assumption that European governments will never do something like the US allowing Lehman Brothers to fail in September 2008 is trumped by the fiscal reality, Niall Ferguson, Harvard University professor and author, told CNBC Tuesday.
Investors should position their portfolios for a sharp rally in bond prices because stock and commodity markets are heading for a "cliff-edge," Andrew Roberts, head of European rates strategy at RBS, told CNBC Tuesday.
Spanish banks have been lobbying the European Central Bank to act to ease the systemic fallout from the expiry of a 442 billion euros ($542 billion) funding program this week, accusing the central bank of “absurd” behavior in not renewing the scheme.
The credit team at RBS in London are getting very bearish and warning clients to "get ready for the cliff-edge," where prices of stocks and commodities will "collapse." RBS is advising investors to get into maximum long-duration bonds in safe-haven markets. "This means the US, UK and Germany in that order," according to RBS.
As reports resurface that Greece is considering selling leases to some of its islands to pay down debt, fears are growing that the euro zone member could restructure its debt over the summer months. But analysts disagree, saying this would be bad for German banks.
Jerome Kerviel was a pawn in a mind-boggling financial system that pushed him to take risks, lawyer Olivier Metzner argued on the last day of the trial of the former Societe Generale trader.
Is the world going back to a gold standard? Not really. But with central banks around the globe holding more gold in reserve, it certainly has people talking.
Banks in Portugal, Ireland, Greece and Spain account for over two-thirds of the euro area liquidity injections since the middle of 2008, according to new research from RBS Marketplace.
The euro is a very credible currency that has kept its value from its debut and has guaranteed price stability, he said. "A currency that guarantees such stable prices, it's of value in the eyes of domestic and international investors," Trichet said.
The rebound of Europe's single currency may be jeopardized by reports over the weekend that France and Germany are mulling a two-tier euro zone, ING Bank analysts said Monday.