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
Defaults in euro zone sovereign debt and a major fall in US stocks and are unlikely before 2013, according to a research report by Smithers &Co.
European stocks are likely to open higher on Friday, as Group of Seven countries agree to joint intervention to stem the yen's gains.
Japan will get what it wants from the Group of Seven teleconference of finance ministers and central bankers Thursday night, but G-7 sources say the group is still waiting for Japan to ask.
The yen rocketed to a postwar high against the dollar late Wednesday, and the market's showing little sign of calming today. It's time for your FX Fix.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
European shares are set to open higher on Thursday even as the nuclear crisis in Japan worsened and yen surged to a record high against the dollar.
After two days of heavy selloffs instigated by the disasters in Japan, European shares look set open higher at the start of trading Wednesday.
Jean Monnet, the father of European integration, once remarked that “Europe will be forged in crises, and will be the sum of the solutions adopted in crises.”
Did euro area policymakers finally pull a real live rabbit out of the hat? The headlines from Friday's summit are certainly impressive, advancing much quicker than expected and delivering the surprise of allowing the EFSF to intervene in the primary debt markets.
"I think this whole thing is a Ponzi scheme in which governments that are already in deep red ink are trying to generate more red ink," Niall Ferguson, history professor at Harvard University, told CNBC.
Interest rates will have to rise soon even if major central banks – like the Federal Reserve and the Bank of England – keep monetary policy ultra relaxed for now, Niall Ferguson, Professor of History at Harvard University, told CNBC in an interview.
Stocks across Europe are indicated to drop sharply when trading starts Tuesday pulled down by a major selloff in Japan and weakness across the rest of Asian markets.
Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.
European shares are seen opening lower on Monday as markets continue to look at the impact of the earthquake and tsunami that hit Japan on Friday.
Federal Reserve Chairman Ben Bernanke is unlikely to drop a bombshell in the markets like his counterpart at the European Central Bank did when he pre-announced a rate rise, ING chief international economist Rob Carnell wrote in a market note.
Traders went home Friday thinking about Japan's tragic earthquake and tsunami, more possible unrest in the Middle East, and Europe's sovereign debt problems.
European shares look set for a lower open on Friday ahead of Saudi Arabia's "Day of Rage" and the European Union Summit in Brussels.
Last week the press conference of European Central Bank President Jean-Claude Trichet has left very little room for interpretation. It is now clear that a rate hike is highly likely at the April meeting. Why are they hiking?
Euro traders are glum ahead of the EU summit, and rate cuts sting in New Zealand. It's time for your FX Fix.
The market's bull run is not over and stocks will be higher at the end of the year, according to Bob Parker, Senior Advisor at Credit Suisse.