The majority of European employers anticipate increasing hiring in 2014, according to the latest employment outlook survey from human resources consultancy ManpowerGroup.» Read More
"One of these days something will get done, but whether it's today or not, I don't know," says Dan Greenhaus, BTIG chief global strategist. "Let's remember whatever we agree to with Greece is essentially the model in which Portugal will follow," he adds.
US futures point to Wall Street opening lower on the back of news from Europe and Asia. European shares extended losses today as worries about debt swap talks between Greece and its private creditors continued to weigh on investor sentiment before a European Union summit. In addition, a full return to action for Asian markets, after the lunar New Year holiday, delivered a downbeat tape, with investors disappointed that the Chinese authorities have not eased monetary policy in the manner some had expected, and as the region gets its first chance to price in softer than forecast US fourth-quarter GDP data.
Greg Bundy, Vice Chairman / Senior Adviser, AIMS Finance is more woried of a European recession then defaults and believes that the crisis is delaying US recovery. Nevertheless, he likes US equity markets on the back of strong earnings and balance sheets.
Andrew Economos, MD & Head of Sovereign & Institutional Strategy Asia, JP Morgan Asset Management discusses his outlook for the euro zone crisis and expectations ahead of the EU summit this week.
The European Central Bank's recent lending facility was a good decision, says Jean-Claude Trichet, former ECB president.
The week's top business news and investing advice for next week, highlighting Apple's surge, Facebook's anticipated IPO, Ford, and the euro, with CNBC's Brian Shactman.
Discussing how to resolve debt issues surrounding Greece, with Jes Staley, JP Morgan Investment Bank CEO, and Mary Callahan Erdoes, JP Morgan Asset Management CEO.
CNBC's Michelle Caruso-Cabrera, reports the major points you need to know when the the big summit of European leaders meet on Monday.
Sharing his currency trade on the Australian dollar vs the Mexican peso, with Willie Williams, Societe Generale institutional derivatives sales director.
Breaking down the areas of global growth by sector, with Ellen Kullman, DuPont chairman/CEO, and says the company is seeing growth in agriculture due to innovation.
U.S. markets mixed in response to 2.8 percent GDP growth. Chevron announces earnings were down 3.2 percent, while P&G beats but lowers estimates due to currency concerns. Ford cites increased commodity costs as it reports lower than expected Q4 profit. And Costa Cruises offers $14,460 to each Concordia passenger.
European markets end the day in negative territory following the release of U.S. GDP data. European auto stocks lead market lower. BNP Paribas to sell $11 billion energy loan portfolio. Italian bank loans help LSE beat analysts' revenue estimates for Q4. The EU's Rehn says a Greek deal could come as soon as today. Portuguese government bond yield hits new euro era highs. With Jon Najarian, OptionMonster.com.
CNBC's Michelle Caruso-Cabrera has the details on an imminent solution for Greece debt problems.
A breakdown of the fourth quarter GDP numbers, with Mark Olson, Treliant Risk Advisors co-chairman/former Fed governor; CNBC's Steve Liesman & Rick Santelli
A lot of big advertisers are very positive about the economy, says Tim Armstrong, AOL chairman/CEO, who adds the content company is seeing strong growth in advertising segment which is our future business. "People are positive; they are planning," he says. "It's not like 2008, 2009."
CNBC's Andrew Ross Sorkin reports that EU officials announcing that a deal on a Greek debt solution should happen today or in the next few days, and takes a look at the euro.
When we look to Europe what we are seeing PEs and valuation already pricing in some mid-cycle slowdown, so that gives us more stock opportunities in Europe, as opposed to the U.S. right now, says Stuart Reeve, Global Dividend Income Fund Manager, BlackRock
US stock index futures pointed to a higher open on Wall Street despite signs the month long rally was beginning to stumble as weaker than expected home sales and mixed earnings reports tempered investor sentiment. European shares are steady on hopes that there may soon be a resolution to the Greek debt talks.
US futures pointed to New York starting the final session of the week in a cautious mood ahead of the US GDP data. European shares are starting to push into the green following a panel in Davos which hinted that Greek talks are close to a conclusion, analysts say stocks still remain on course for their sixth week of gains. Asian markets ended mostly higher as investors awaited the outcome of the Greek debt talks and U.S. gross domestic product data due out later today.
"Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."
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.
European equities opened lower on Tuesday, following cautious trade in their Asian counterparts.
Wolfgang Neumann, CEO of Rezidor Hotel Group, says the hotel industry has been resilient during the financial crisis.
Bob Baur, chief global economist at Principal Global Investors, and Mike Amey, portfolio manager at PIMCO, discuss the potential problems of implementing the Volcker rule.