But if the stock market finishes this month with another advance, TJM's Jim Iuorio tells CNBC he's ready to throw in the towel on his correction call for now.» Read More
While some areas of the world have a relaxed attitude to fiscal and monetary policy, Europe, and much of the developed world, puts too much emphasis on tightening, according to Valentijn van Nieuwenhuijen, head of strategy at ING Investment Management.
The twin shocks of the earthquake and tsunami in Japan and the rise in oil prices will not greatly alter growth prospects for 2011 and 2012, according to Willem Buiter, chief economist at Citigroup.
European stocks were indicated to open lower Monday, after a defeat of Angela Merkel's conservatives in a regional stronghold and with oil prices slipping.
“Not only is there no solution in hand, but there is no inkling that any idea on the table at this summit could plausibly avert a default on substantial portions of euro land’s sovereign debt,” one economist wrote.
From Portugal to Ireland, nothing has dented the euro's surprising strength. And in Canada, even a no-confidence vote hasn't jarred the Canadian dollar. Here's how to trade them.
For some time, the euro has been subjected to conflicting influences — one which supports the euro and one which weighs on it. However, EURUSD is currently following the spread in short-term interest rates.
A look at some unusual movements in the market with Rebecca Patterson of J.P. Morgan Private Bank
The euro is surprisingly resilient in the face of summit uncertainty and member-country troubles, but traders are getting tired of the Swiss franc — it's time for your FX Fix.
CNBC's Guy Johnson has the detail on Portugal likely to hold off on a bailout request until June.
As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.
European stocks are called to follow Asia and open higher on Friday, despite another ratings downgrade for Portugal, this time from Standard & Poor's.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.
Troubles in Portugal and Spain aren't keeping the euro down, but anemic retail sales are doing a number on the British pound — it's time for your FX Fix.
"Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.
This was pegged as the summit to end all summits; the end of the euro-zone debt crisis; a clear road map for the future.
European stocks look set to open slightly higher on Thursday despite the resignation of Portugal's prime minister.
The day's top business stories, including the resignation of Portuguese Prime Minister Socrates, a drop in the Euro, gold hits a new record and silver hits a 31-year high. Commodity stocks lead the market comeback and Bank of America is denied a request to pay a dividend again, with CNBC's Melissa Lee and the Fast Money traders.
The bulls are set to stampede down Wall Street, according to Bill Miller, chairman, chief investment officer & portfolio manager, Legg Mason Capital Management.
The events in Europe are finally coming to a head, David Albrycht, executive managing director and portfolio manager of Virtus Investment Partners, told CNBC on Wednesday.