*Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.» Read More
Eswar Prasad, Senior Fellow & New Century Chair in International Economics, Brookings Institution talks about China's economic outlook and Beijing's efforts to make the yuan a more internationally accepted currency.
Greek crisis? What Greek crisis? Near term, this strategist likes the euro.
In the U.S., markets are slightly lower after hitting a 3.5-year closing high, as investors wait for news out of Greece. Disney and Ralph Lauren are up on consumer spending. McDonald's is down in spite of better than expected global sales for January. And Cisco and Groupon trade lower ahead of earnings later today.
Markets in Europe are mostly higher as Greek political leaders meet in Athens. ECB policymakers are divided on countries' contribution to Greek debt restructuring. RBS shakeup has cost $60.5 billion so far. The Bank of France says country's economy will post zero growth in the first quarter. Investors watch tomorrow's ECB meeting to see if Draghi will tip his hand on Greece? With David Kelly, JPMorgan Funds chief market strategist.
The strategy for the euro as rates hits its highest levels in two months on hopes that Greece is closer to resolving its debt issues, with MacNeil Curry, Bank of America Merrill Lynch head FX & rates technical strategy.
Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.
U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, with investors positioning for a favorable resolution to the Greek sovereign debt crisis. European stocks rose in morning trade, breaking a two-day losing streak, thanks to a string of upbeat corporate outlooks and as investors bet that Greece will finally secure the bailout it needs to avoid a chaotic default.
The Australian dollar got a boost overnight, and this strategist sees room for more.
CNBC's Mandy Drury on the day's marginal gains in the U.S. markets. Shanghai shares slip 1.7 percent. Australian RBA unexpectedly leaves rates unchanged. Yum! Brands jumps on overseas growth. Coca-Cola announces a new cost-saving program. News Corp being investigated for possible violations of a U.S. law against payments to foreign officials.
Markets in Europe mixed as investors continue to watch Greece, which is said to be finalizing a bailout agreement. UBS shares edge lower as results miss forecasts. Glencore agrees to buy remainder of Xstrata for $41 billion. BP raises dividend after strong 4th quarter. With Russ Koesterich, BlackRock Glbal chief investment strategist.
Greece dickers and Australia's central bank surprises - it's time for your FX Fix.
Stock index futures pointed to a lower open for Wall Street Monday, tracking struggling European markets lower after a set of disappointing earnings from the likes of UBS, and with uncertainty over Greek debt talks still lingering.
US Futures point to Wall Street opening down by 0.1 percent. Shares in Europe were slightly lower as poor results by bellwethers UBS and ArcelorMittal rekindled worries about the outlook for corporate profits, though some companies gave a positive outlook for the current quarter. Greek resistance to the strict conditions attached to a bailout fund capped the recent strength in Asian shares, which ended mostly lower today, as renewed fears of a messy debt default gave pause to mounting hopes the global economy is improving.
Japan will not rule out taking any measures to battle speculative moves in currency markets, Finance Minister Jun Azumi said on Tuesday, after data showed Tokyo spent roughly 1 trillion yen ($13 billion) in November last year on intervention it had not previously announced.
Sometimes a crisis can force real reform.
U.S. markets are down in spite of the Giants' Super Bowl win as worries about Europe continue to drag. Micron Technology shares lower following CEO's death Friday. Netflix is down as Verizon teams up with Coinstar (parent of Redbox) to launch video streaming service. Of the 290 S&P companies that have reported so far, 60 percent have beaten earnings estimates.
European shares fall over ongoing concerns about Greek debt talks. Banking stocks hit on the day. Fiat shares fall as S&P warns of possible credit downgrade. Glencore set to offer bigger-than-expected premium to buy Xstrata, according to Financial Times. Some 53 percent of Germans want Greece out of euro zone.
Welcome to a busy week for central bank meetings. Here's how to trade on a big one.
Down to the wire again in Greece, and the dollar looks like a refuge - it's time for your FX Fix.
There have been almost as many new acronyms slipping into business news as there have been euro zone summits in recent months.