One year on from its bailout, Cyprus is not entirely avoiding the headlines, although it appears to be on the right track.» Read More
Ray Attrill, Co-Head of FX Strategy at NAB says that the barrier to more QE from the Fed is pretty high.
Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC says that markets are focusing on whether the ECB will cut bank deposit rates.
The rate fixing scandal currently engulfing British bank Barclays will not stop at the UK’s borders but is likely to involve banks in a number of countries, Joaquín Almunia, EU Commissioner for Competition, told CNBC Wednesday.
I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit, the Financial Times reports.
The appearance of Bob Diamond, the departed chief executive of Barclays, before a UK Treasury select committee on Wednesday will focus attention on movements in the London interbank offered rate over a crucial two-day period at the height of the financial crisis in 2008, the Financial Times reports.
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The European Central Bank needs to go beyond lowering interest rates – which has already been priced in by markets – to boost growth and authorities may be better off ramping up their asset-purchasing programs instead, economists tell CNBC.
Alastair Newton, Senior Political Analyst at Nomura says that banks will be the targets of political pressure after the Barclays crisis and they will also face more intense regulation from governments.
David Woo, Head of Global Rates and Currencies Research, BofA Merrill Lynch Global Research says the ECB will likely cut both the repo and deposit rates by 25 bps.
Alastair Newton, Senior Political Analyst at Nomura says the IMF's Christine Lagarde is being too optimistic about ESM funds.
Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors says further easing from the ECB and BOE will help the market rally to continue.
Enjoy the hot dogs and fireworks because after the Fourth of July holiday, the market will get hit with three job readings Thursday followed by the main event Friday — the June jobs report.
Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors says that the Barclays scandal doesn't indicate there's any Libor fixing going on today.
CNBC's Kelly Evans reports the latest details on the departure of Barclays CEO Bob Diamond, amid the developing Libor rate-fixing investigation.
Ron Carson, Carson Wealth Management founder & CEO, advises investors on how to position their portfolio for the summer. "I think it's proven right now to be careful, very surgical, and very thoughtful where you place new investments," says Carson.
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.
Samuel Greene, founding director of King's Russia Institute at King's College London, says that even if Crimea votes to join Russia, the ultimate decision will be made in Moscow where the government will need to weigh the pros and cons of annexation.
Samuel Cox, founder of BitTag, discusses his product which acts as a digital price tag.
Jimmy Wales, founder of Wikipedia, says the revelations of spying by the U.S. National Security Agency is a "huge scandal" and the government is "out of control".