*Markets on track for positive week, indexes near records. NEW YORK, Dec 26- U.S. stock index futures pointed to a higher open on Friday, putting major indexes on track for a second straight weekly advance, though moves were likely to be slight with few market catalysts and many traders still out for the Christmas holiday. Wall Street has rallied of late, with both the...» Read More
Bank deposits at the European Central Bank have more than doubled to a five-month high and European institutions are paying more for dollars, signs of concern that turmoil in eurozone bond markets could spread.
The announcement by Barack Obama that a deal had been reached to increase the US debt ceiling late on Sunday night did not put to rest lingering questions about whether the agreement would overcome the most difficult remaining hurdle: passage of the legislation in the House of Representatives. The FT reports.
What neither institution has yet done is clearly explain to the financial community what it will do if there is no debt ceiling deal by August 2, or US Treasury bonds are downgraded, Gillian Tett write in the FT.
Drought, demand and debt are taking their toll on crop prices. A play on agriculture volatility , with Matthew Pierce, GrainAnalyst.com.
Steve Hilton, David Cameron’s enigmatic strategy director, has startled colleagues by proposing the abolition of maternity leave and all consumer rights legislation, as part of an initiative to inject life into Britain’s sluggish economy, the FT reported.
US money market funds are stockpiling cash in case Congress fails to raise the debt ceiling, distorting the short-term market for US government debt and raising borrowing costs for banks and other financial institutions, reported the FT.
Banks in Europe will be required to disclose more information about the number of their employees earning more than one million euros ($1.4 million) under proposals put forward by Brussels. The FT reports.
US money market funds have sharply cut their exposure to banks in the euro zone over the past few weeks and reduced the availability of credit, even in stronger countries such as France, the FT reported.
World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.
Banks across Europe are braced to take as much as 17 billion euro ($24.5 billion) of writedowns on their holdings of Greek sovereign debt within a matter of days.
Yra Harris, Praxis Trading weighs in on pre-market futures and what to keep an eye on during the trading day.
The logjam of initial public offerings is building in Europe, after almost $10bn of flotations were shelved in the first half of the year due to market volatility and investors’ disillusionment with recent listings.
News Corp is facing heightened legal risks in its home US market over the phone hacking and police bribery scandal after the arrest of Rebekah Brooks, the former News International chief executive, but legal analysts believe US authorities are unlikely to take rapid action against the company. The FT reports.
Bankers believe that an additional disclosure requirement, relating to previously unpublished details of banks’ credit exposures, could trigger approaches for credit portfolios from specialist buyers. The FT reports.
Europe’s banks are growing increasingly angry over the stress tests being run by European regulators, complaining that the process has been excessively rigid, with damaging changes to the exercise rushed through at the last minute, according to the FT.
The biggest question in any debt crisis is whether a credible path back to solvency can be found. For Greece, this now seems very unlikely, the Financial Times reports.
The London Stock Exchange would be open to considering a merger of equals with Nasdaq OMX, the US exchange operator, in the first sign that the British bourse could yet turn its attention to securing its future in another big merger after its attempted tie-up with Canada’s TMX Group collapsed, the FT reports.
By the time you read this column today, a fascinating shift will almost certainly have occurred in the nature of US finance: for the first time the government will be the biggest source of outstanding home mortgage and consumer credit loans in the US, eclipsing private sector banks or investors.
The Fast Money traders weigh in on the crop report and the dramatic drop in grain futures.
Investment professionals have a new pitch: The sky could soon be falling. So-called black swan funds — named for rare and unexpected events — offer a way to profit in the event of a market collapse, the New York Times reports.
The U.S. dollar index is hitting the highest level in nearly nine years.
Anthony Grisanti and Scott Nations make sense of an awful few sessions for natural gas, with CNBC's Jackie DeAngelis and the Futures Now Traders.
Riding the S&P into year-end may be the world's easiest trade. Scott Nations goes behind the numbers explains why he's hopping on board, with CNBC's Jackie DeAngelis and the Futures Now Traders.
The weather and the demand outlook are pointing toward a further challenge of natural gas prices, well below $3.
Saudis say OPEC will maintain its current oil production no matter what—until crude hits $40, Chris Faulkner says.
Gold gained 2 percent in thin post-Christmas trading on Friday as the dollar slipped against a basket of major currencies.