Christian Schulz, senior economist at Berenberg Bank, and Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, discuss the euro zone and what is needed for stronger growth.» Read More
What Mervyn King, governor of the Bank of England, called the Nice (“non-inflationary, consistently expansionary”) decade has vanished. In its place, we see what I would now call the Nasty (“nightmare of austere and stagflationary years”), the Financial Times reports.
European stocks were indicated to open higher on Friday as the euro nears a 15-month high against the dollar.
While Fed Chairman Ben Bernanke maintains allies at the top of the central bank, finding support in the financial community is getting progressively tougher.
Just because the European Central Bank raised interest rates today to stave off inflation, don't expect the Fed to take a similar tack with U.S. rates, these strategists say.
Rumors of a failed Asian art auction drive down shares of Sotheby's, and the Fast Money traders call the close. Hint: Avoid the Euro.
The euro is overvalued despite the European Central Bank's rate hike, and the yen is rich as well, this strategist says.
ECB President Jean-Claude Trichet announces a rate hike of a quarter point, which he attributes to rising oil prices. CNBC's Steve Liesman discusses the impact the hike is likely to have. Also, is Bernanke falling behind the curve, with Steven Ricchiuto, Mizuho Securities USA, and Zane Brown, Lord Abbett.
Portugal throws in the towel, the Bank of England holds steady, and the European Central Bank tightens its purse strings — it's time for your Eurocentric FX Fix.
CNBC's Steve Liesman discusses the ECB's decision to raise rates a quarter point, which some say was long overdue and others say could seriously endanger the recovery. Simon Hobbs & Rick Santelli weigh in.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
CNBC's Rick Santelli reports on the weekly jobless claims number, which fell to 382,000. Steve Liesman provides analysis and discusses whether the ECB rate decision will stick. Jim Iurio, Institutional Services, discusses, as well.
Headlines, comps and CNBC's Silvia Wadhwa discusses the ECB's decision to raise interest rates by a quarter point.
Discussing the European Central Bank's decision to raise rates by a quarter point, with CNBC's Steve Liesman. U.S. economists don't necessarily agree it's a good decision, but others question whether Bernanke and the U.S. Fed are actually behind the curve. MIT Sloan School Dean David Schmittlein also weighs in.
Stephen Roach, Morgan Stanley Non-Executive chairman & Yale senior lecturer, discusses this recovery and why it's different. He also talks about the possibility of an ECB rate hike, and the role of the Fed in the financial crisis.
Jim O'Neill, Goldman Sachs' chairman of asset management, discusses the situation in Portugal and Europe, as well as the current market environment. He also voices his opinion about global economies and a monetary system that needs to change.
CNBC's Silvia Wadhwa reports from Frankfurt on the expected rate hike by the ECB. Many see it as a warning that countries have to be responsible for getting their own fiscal houses in order. And John Harwood reports on a new NBC-Wall Street Journal Poll. Also, a look at the weather forecast for The Masters in Augusta, Georgia.
A roundup of the day's news with CNBC's Joe Kernen & Becky Quick. Including a rally in Portuguese bank stocks after the country asks for a bailout, Moody's warning it could cut UK banks senior debt ratings and another strike in Greece. Also, Libya accuses the British of striking an oil pipeline.
The West's attempts to kick-start growth have opened up a 'Pandora's Box' of economic distortions that have taken the emerging world to the outer reaches of economic experimentation, according to HSBC chief economist Stephen King.
Portugal has finally gone cap in hand to the European Union, the European Central Bank is about to raise rates and the market is obsessed by Fed speak and looking for clues on when the second round of creating money — or quantitative easing — will come to an end.
After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.