A deal on extending Greece's bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks, ECB council member Erkki Liikanen said.» Read More
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.
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.
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Sachin Patel, head of U.K. capital markets at Funding Circle, discusses peer-to-peer lending and the benefits of it.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says that there is not enough oil demand growth, which will lead to a continued surplus of supply for the first half of 2015.
Lynnden Brannigan, head of technical strategy at Barclays, discusses currencies and oil movements.