Florence's mayor became the head of the country's most powerful political party this weekend, and the latest headache for Prime Minister Enrico Letta.» Read More
For a group notorious for its irrational exuberance at the very worst times, Wall Street strategists have taken a decidedly bearish tack as of late.
Checking on the European market close since the release of June auto sales, and factory numbers, with CNBC's Mary Thompson.
Christine Lagarde, IMF managing director, provides perspective on the debt ceiling, the European economy, and the Spanish banks. "The debt ceiling risk is likely to materialize in early 2013," says Lagarde.
CNBC's Kelly Evans reports the latest details on the departure of Barclays CEO Bob Diamond, amid the developing Libor scandal. Anton Schutz, Mendon Capital Advisors president & CIO, offers insight.
Expect heated discussions around some July 4th barbeques in the US - not just on the economy, elections and last week's Supreme Court ruling, but also on the follow-through to Friday's impressive surge in equity markets around the world.
The US electricity regulator has subpoenaed JPMorgan Chase twice in the past three months as it investigates whether the bank manipulated power markets in California and the Midwest region, court filings show. The FT reports
Australia holds steady on rates, and the euro and dollar dip — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including the departure of Bob Diamond, Barclays embattled chief executive, amid the growing Libor scandal.
Bob Diamond has resigned with immediate effect as Barclays chief executive, bowing to public and political pressure over the Libor rate-setting scandal. The FT reports.
David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.
The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.
Tony Farnham, Economist at Patersons Securities says that the ECB has bought itself a little bit more time with the bailout deal for Italy and Spain, and will likely cut rates this week.
After stocks rallied big time on last week's European Summit, markets took a hit in today's session on weak manufacturing data before recovering. Donald Luskin of Trend Macro and David Goldman of Macro-Strategy, weigh in.
Russ Koesterich, Global Chief Investment Strategist at Blackrock iShares says investors have to be realistic about global growth, and may have to accept that economies will be expanding at a slower pace, even in the emerging markets.
Gary Schlossberg, Chief Economist, Wells Capital Management says that European banks account for a disproportionate share of global trade credit, and the current credit squeeze in Europe is affecting global trade.
Michael Jones, Chairman & CIO, Riverfront Investment Group says the weak ISM data from the U.S. on Monday is an indication of what investors should expect of second-quarter earnings.
The market is reacting today to lower-than-expected ISM data. Joe Lavorgna, Deutsche Bank chief U.S. economist explains why he is bullish overall. "A lot of these numbers, I think, are sentiment oriented," says Lavorgna.
How will the markets change over the second half of the year and ahead of election season? Sam Stovall, S&P Capital IQ, and Andrew Goldberg, JPMorgan Funds, provide perspective. "Our belief is that we probably could see a better second half, but I wouldn't really say a big rally," says Stovall.
Airbus president & CEO Fabrice Bregier, offers insight on his company's plans to build its first U.S. plant in Mobile, Alabama, and weighs in on the state of the global economy.
Gold is just under $1600 per ounce now, and traders are continuing to watch the "anti-inflationary" sentiment that may be out there, reports CNBC's Sharon Epperson.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
Valentin Marinov, head of European G10 FX strategy at Citi, says the euro is seen as a safe haven as the markets fear tapering.
Abhishek Deshpande, oil and gas analyst at Natixis, says there will "robust demand" for oil from the global economy.
Kingsmill Bond, chief strategist at Sberbank CIB, discusses what could be said when Russian president Vladimir Putin delivers his state of the nation address on Thursday.