How to play geopolitical uncertainties, with John Rutledge, Safanad chief investment strategist; Abigail Doolittle, Peak Theories; and Zane Brown, Lord Abbett.» Read More
May's chain store sales and weekly jobless claims will be factors in the market Thursday, as credit worries still manage to haunt stocks.
Australia's trade deficit shrank by far more than expected to its smallest in 14 months in April fuelling speculation that surging prices for coal and iron ore exports could make deficits a thing of the past.
India and Malaysia raised retail fuel prices, joining a growing number of Asian nations no longer able to afford big subsidies in the face of record-breaking oil prices.
The dollar was mixed Wednesday as a report on the U.S. service sector indicated a less severe downturn and retail sales in Europe dipped unexpectedly.
U.S. crude oil futures fell on Wednesday, as a larger-than-forecast rise in refined product inventories last week offset an unexpected drawdown in crude oil supplies.
Fed Chairman Bernanke said policy-makers were concerned by signs of rising long-term inflation expectations but did not see a dangerous wage-price inflation spiral developing.
Homebuilder Hovnanian Enterprises on Tuesday reported a second-quarter loss more than 10 times wider than its loss in the year-ago period. CEO Ara Hovnanian offered his industry outlook to CNBC.
U.K. investor attention will be on the Bank of England's monetary policy committee (MPC) when it meets Thursday as the group tries to balance inflation and the threat of a recession.
The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.
The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.
The U.S. service sector grew in May for a second straight month, exceeding Wall Street expectations but showing a worrying surge in inflation pressures.
U.S. private-sector employers added 40,000 jobs in May, according to a private report on Wednesday by ADP Employer Services that defied Wall Street's expectations of a fall.
U.S. productivity grew at a slightly faster-than-expected 2.6 percent annual rate during the first quarter on stronger output than was initially gauged, government data on Wednesday showed.
U.S. mortgage applications fell for a third consecutive week, reaching its lowest level in over six years as demand for home refinancing loans plunged, an industry group said Wednesday.
Australia's economy grew by more than expected last quarter, helped by spending on infrastructure and defence, while the consumer held up surprisingly well in the face of high interest rates and surging living costs.
The stock market will have to shake off its renewed fear of the financials if it is to move ahead Wednesday.
Japanese firms cut capital spending less than expected in January-March from a year earlier, prompting views that economic growth for the quarter could be revised higher at a time when uncertainty hangs over the economy.
Mark it down. May is the month that finally broke the back of the Big 3's great run with trucks and SUVs. Oh sure, Detroit still dominates the truck business, but it's clear buyers want something less, that's what is hurting Detroit.
U.S. light, sweet crude oil futures fell sharply, pressured by the dollar's strength after Federal Reserve Chairman Ben Bernanke's warnings about the impact of the dollar on inflation and by concerns that oil demand is being curbed by high prices.
The dollar advanced broadly on Tuesday after Federal Reserve Chairman Ben Bernanke warned about the inflationary impact of a weak currency, suggesting the central bank is not likely to cut interest rates further this year.
Introducing Morning Squawk: CNBC's before the bell news roundup
Sign up to receive Morning Squawk in your inbox each weekday › Sample