The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.» Read More
It remains unclear how the assets on European banks’ balance sheets will be marked down under various stresses. So, will there be a need for significant capital at European banks and if the stress tests are deemed worthy, will that allow those banks to raise the necessary capital?
Europe has to "tame that huge, slightly ignorant but extremely powerful force … what you would call the bond market vigilantes" to save the euro, a Nobel economics laureate told CNBC Thursday.
Investors should use a "barbell strategy" using both stocks and debt to navigate the increased market volatility, according to the strategy team at Barclays Wealth in London.
While both Europe and the U.S. are striving to tackle big deficits while nurturing a delicate economic recovery, Arnab Das, managing director of market research and strategy at Roubini Global Economics, said its the euro zone that is facing the bigger hurdle.
As Silvio Berlusconi’s government calls for a vote of confidence over his unpopular €25 billion ($31.45 billion) austerity package, Roger Bootle and his team over at Capital Economics are questioning whether the country holds great danger for the euro zone.
If the European banks get credible stress tests and people believe in them, there will be "earning power," H. Rodgin Cohen said, adding, "once there is credibility, you can raise capital."
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.