The U.K. economy continued its robust expansion in the second quarter, and is now larger than at its pre-crisis peak at the start of 2008.» Read More
Stephen Davies, CEO, Javelin Wealth Mgmt says it is likely we'll have to see a proper Greek default and exit out of the Euro zone for the sovereign debt crisis to be "fully" resolved.
John Noonan, Senior FX Analyst, Thomson Reuters says that the ECB is trying to build a bridge until the Euro zone firms up a plan for a fiscal and banking union.
Frank Lavin, Fmr. Reagan WH Political Director, Fmr. U.S. Ambassador to Singapore says that there is a lot of liquidity in the economy and the Fed is unlikely to announce anything at this week's meeting.
Kingsley Jones, Founder and CIO, Jevons Global says that bond purchases in the secondary bond market makes economic sense as it does not add to inflationary pressures.
Tony Farnham, Economist & Analyst, Patersons Securities says the ECB might indulge in some form of bond buying or long term bank lending.
This strategist sees the games helping the British pound vault to higher levels.
Happy days are here again for the euro - for now, says this strategist.
Financial markets spiked Friday on a report that ECB President Draghi may propose new measures to ease Europe's debt crisis.
BlackRock's head of fixed income says turmoil in Europe and uncertainty in the U.S. economy are 'destabilizing' bank balance sheets and complicating life for the Federal Reserve.
Spain pain scuttles the euro rally and Switzerland keeps growing - it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a surge in shares of Barclays, as the bank reports H1 profits beat forecasts.
As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement?
A currency union requires strong political leadership, and complete integration of monetary institutions within a single state, to be able to survive. Yet there still seems to be a collective reluctance to acknowledge the scale of the requirements for full monetary and fiscal union in the euro zone, writes Jason Manolopoulos.
While European Central Bank (ECB) President Mario Draghi’s pledge to do what it takes to protect the euro zone from collapse sparked a rally in global markets, one expert calls it “political posturing” which may not be matched by bold action.
Bold comments from the European Central Bank (ECB) President Mario Draghi that the ECB will do “whatever it takes” to protect the euro zone from collapse is raising hopes that risk appetite could return to markets beaten down by the debt crisis, analysts told CNBC on Friday.
Unlike recent past hosts of the Olympic Games, London has nothing to prove to anyone. Yet it has paid handsomely to hold the Games – for reasons that go beyond mere prestige, the Christian Science Monitor reports.
Even as hundreds of thousands of German tourists head south for their holidays on the front line beaches of the euro zone crisis, the politicians and commentators left behind are indulging in an orgy of speculation about whether Greece can long last as a full participant in the common currency, the Financial Times reports.
The former chairman of Bankia, the institution at the center of Spain’s banking woes, countered harsh questioning by a parliamentary panel on Thursday with an emotional defense of his legacy at the bank, saying he left it in better financial shape than critics are now contending, the NYT reports.
Ed Ponsi, Managing Director, Barchetta Capital Management, says Mario Draghi's comments have boosted markets but it remains to be seen if "promises will be kept."
Larry McDonald, Senior Director, Credit Sales and Trading, Newedge Group says that Draghi needs a bridge to get a banking license for the ESM.
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The Big Mac Index compares how much a Big Mac costs in 38 countries, explains Edward McBride, finance editor at The Economist. He outlines which currencies are the most under- and over-valued.
Mark Haefele, global chief investment officer at UBS Wealth Management, explains that Europe, and equities in general, are attractive as central banks remain supportive.
David Herro, CIO at Harris Capital, says the geopolitical situation has made European valuations a bit more appealing and that now is a good time to pick up quality European stocks.