Michael Aronstein of MainStay Marketfield Fund criticized Fed policy but said he had increased stock exposure.» Read More
Ireland’s central bank just announced results of the latest stress tests on its banks. It indicated that four of the country’s largest banks could require up to 24 billion Euros of additional capital, including 13.3 billion Euros for Allied Irish Banks and 5.2 billion Euros for Bank of Ireland.
The stress tests, due to be published later Thursday, are expected to show the country's banks need more liquidity support than first believed, but even so, some analysts say they will still be insufficient.
The Lightning Round is extended in this CNBC.com exclusive feature.
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
Stocks finished the session sharply higher Wednesday ahead of the Thanksgiving holiday, following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks were trading sharply higher Wednesday following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks added to gains Wednesday after a handful of economic reports pointed to an improving economy.
S&P futures had popped about 5 points as initial jobless claims were better than expected, and at 407,000 the lowest since July 2008. Also: Luxury retailers keep rolling; Deere falls on mixed earnings; big BP natgas find.
Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...
The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.
"There are more problems coming in the currency markets, pension funds, US states and cities, etc. None of this was considered although the latter is only indirect for the European banks," the famous investor told CNBC.com.
One analyst says governments and regulators have missed a major opportunity that will come back to haunt them, even though European stocks advanced Monday on relief over results.
The results of pan-European stress tests released by the Committee of European Banking Supervisors (CEBS) are detailed enough for investors to work out for themselves losses that banks might incur in case of sovereign defaults if they wish, CEBS chairman Giovanni Carosio told CNBC in an interview Friday.
Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.
Seven of the 91 banks failed the EU stress test. Here's the country-by-country information.
All but a handful of European banks passed their stress tests but investors remained worried about the methodology, which many viewed as too easy on sovereign debt.
A number of analysts still believe the big stress-test questions need to be answered despite the European Union attempting to draw a line in the sand.
The EU is faced with a dilemma: if the stress tests are too lenient they would lose their credibility and if they are too harsh they would potentially scare investors.
The euro fell sharply after the release of the methodology for pan-European stress tests, as investors still doubt that they will reflect the full extent of the woes.
The results of EU stress tests on 91 banks are expected to be published Friday. Here is some country-by-country information on the banks: