A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
August is traditionally a time for financial market crises. The current one isn’t because of the usual “thin markets, long hot summer days, everyone on holiday” scenario though, this time investors have real, concrete issues to worry about, writes Moorad Choudhry,Head of Business Treasury, Global Banking & Markets at the Royal Bank of Scotland.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
"We've got a kind of currency war story going on at the moment associated with this commitment to keep low rates in the U.S. for a very long period of time," Stephen King, chief global economist at HSBC, told CNBC. "Basically when the dollar is weak, it becomes a problem for other countries," he added.
Japan is monitoring the yen, and the Swiss are fed up with the franc - it's time for your FX Fix.
You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.
Investors are hungry for good news from today's FOMC meeting. Here's what Ben Bernanke can — and can't — deliver.