*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY/ TOKYO, July 31- The dollar held below a 10- month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.» Read More
Traders have been bracing for sovereign rating cuts in Europe ever since Standard & Poor's issued a warning. Here's what to do.
The euro has been trading in tandem with key commodity currencies, but that could change - and create trading opportunities.
The U.S. markets are positive on the heels of positive economic data that's outweighed the negatives from Europe. The only cautious note is that while manufacturing is improving, U.S. companies are staying lean.
European markets have a mostly green day after upbeat U.S. economic data -- insurance stocks are among the day's best performers. Credit Agricole falls after Fitch downgrades its long-term rating. Italy calls for a Friday confidence vote in effort to speed up austerity passage. And the IMF's Christine LaGarde says the world economic outlook is "quite gloomy" and requires action by countries outside the EU. Henry McVey, KKR head of global macro and asset allocation, discusses his investment strategy for a tu
Spain's bond sale reassures but risk aversion is high - it's time for your FX Fix.
European markets rebound, although euro zone concerns remain. Manufacturing data continues to contract. Meanwhile, Spain finds strong demand for bonds even as yields on the 5-year fall. And the euro hits an 11-month low against the dollar.
Think the euro's had enough of a fall? Think again, this strategist says.
The euro is down 2.6% in just two days - a huge move for a currency - and this strategist sees more weakness ahead. With the euro nosing below the 1.30 level against the dollar, is the worst over?
CNBC's Mandy Drury reports on the third consecutive day in the red for U.S. markets, which have their biggest three-day drop since Thanksgiving week. Investors struggle to shake European concerns, as a stronger dollar slams commodities and energy companies take it on the chin. And First Solar is the biggest loser on the S&P today after it slashes earnings and sees a weak 2012.
Growth worries drag European shares lower as market losses accelerate near the end of the trading day. German Chancellor Angela Merkel again rebuffs pressure for the ECB to intervene decisively. Italy sees a record-high yield of 5.47 percent at a 5-year bond auction. State Street quits as the UK primary dealer. Automakers, miners, and other cyclical stocks are among the day's worst performers. Peter Baum, Essex Manufacturing, talks about the impact of Europe on China with CNBC's Gary Kaminsky. And oil falls along with the euro.
The euro is slumping, British unemployment is soaring, and dollar coins are on their way out - it's time for your FX Fix.
Europe finds a low point even though a short-lived gain follows a successful German bond auction. An Italian auction yield sets new euro-era high at 6.47 percent. Mario Monti speaks in the Italian Parliament today, and says German Chancellor Merkel believed the EU agreement would calm markets. And the euro/dollar hits an 11-month low.
The outlook for the euro is iffy at best, this strategist says - but watch out for positioning risks.
Iceland's Progressive Party wants to stop trying to join the euro and adopt the Canadian dollar instead.
After yesterday's drop, the U.S. markets are positive, although German Chancellor Merkel's comments about not increasing the size of the bailout fund have taken out some of the steam. Energy shares are among the leaders, while Best Buy is down as it slashes prices to drive sales in a very competitive market, with CNBC's Mandy Drury.
The European rally fades as German Chancellor Angela Merkel reportedly rejects a bailout fund increase. Oil and gas stocks are among best performers in Europe. U.K. inflation hits an annual rate of 4.8 percent. The euro falls below a key level. And Moody's puts 8 Spanish banks on review for a possible downgrade, with CNBC's Simon Hobbs, Bertha Coombs, Rick Santelli, Gary Kaminsky, Melissa Lee and Stephen Weiss, Short Hills Capital.
What is needed is an agreement, and then an undertaking, to make the euro work. This needs a centralized budgetary authority, which has control over the debt issuance process as well, to ensure that governments do not run up unsustainable public deficits. Tie that into a genuine lender of last resort role for the European Central Bank and we are almost there.
The breakdown in materials bodes ill for the Aussie dollar, this strategist says.
Europe clouds the market and the Swiss expect slowness - it's time for your FX Fix.
Europe is back to its best levels of the day after a Spanish T-bill auction sees higher demand and lower yields than expected. Also, will Commerzbank need state aid?