The ECB doled out 82.6 billion euros ($106.3 billion) in cheap loans to banks on Thursday, and released details of a new rotation system for its Governing Council.» Read More
Graeme Maxton, Chief Economist, The Insight Bureau talks about S&P's recent downgrades. He says that the EU crisis is being overblown and that it is unlikely that the euro zone will collapse.
Martin Lakos, Division Director of Macquarie Private Wealth discusses the reaction to S&P downgrading 9 members of the EU in Asia.
It's been an active Friday for world markets -- and the path of the Euro/dollar trade illustrates the headlines, with CNBC's Courtney Reagan. Brian Dolan, Forex.com, and Ashraf Laidi, Intermarket Strategy, weigh in.
Successive French governments have prided themselves on their country's AAA-rating. The word in Paris tonight is therefore that the greatest danger from S&P's one notch downgrade is "political," reports CNBC's Simon Hobbs.
Abigail Doolittle, Peak Theories Research LLC, discusses the euro vs. the dollar and what the charts have to say about the euro's next move. With Joe LaVorgna, Deutsche Bank.
Louise Coioper, BCG Partners markets analyst, discusses the pending S&P downgrades in Europe and says the differential between the haves and have nots has increased. And Rick Santelli weighs in on the downgrade's impact on currency markets.
Senior European officials say S&P is about to downgrade several countries in Europe -- France confirmed it has already been downgraded. Insight on what this means for global markets, with March Chandler, Brown Brothers Harriman chief global currency strategist.
The U.S. markets are off the lows of the day, but still down on European downgrade concerns. Jamie Dimon blames regulatory activities for hampering bank's business. Jefferies raises Safeway from hold to buy. And Gizmodo says Microsoft's Bing is better than Google, with CNBC's Mandy Drury.
Markets are mostly down across Europe, weakened by reports of euro zone country downgrades by S&P. France & Austria ratings are expected to be downgraded a notch, from AAA. Ratings cuts do not include Germany, according to Reuters. The euro vs. dollar is at its lowest level since August 2010. And Greek negotiators are less optimistic about avoiding a default. With James Bianco, Bianco Research, and Jacques Cailloux, RBS.
CNBC's Michelle Caruso-Cabrera has the details on why debt swap negotiators are less optimistic about averting default.
Discussing the role of the ECB in Europe's recovery, with Ned Phelps, Columbia University Center on Capitalism and Society director/Nobel Prize winner (2006).
Yields in a 3-year auction of Italian bonds fell, boosting European stocks. The yield came down to 4.83% from 5.62%, lowest since September 2011. But analysts said demand could have been slightly better, after an auction of Spanish debt on Thursday saw very robust demand from investors.
In the US stock index futures are broadly flat but Dow futures are up about 15 points on optimism about a solution to the euro zone debt crisis. In Europe, banks lead shares higher ahead of an Italian bond auction. Yields are down across the board after two successful auctions of Spanish and Italian debt on Thursday. Asian markets were mostly higher as a result of Thursday's successful European debt auctions.
Banks lost some momentum Thursday after leading the run-up in the S&P this year. Can financials sustain uptrend? Jamie Cox, managing partner at Harris Financial Group, says yes.
European shares mixed after weak U.S. economic data this morning. The Bank of England and the ECB leave key rates unchanged. Yields fall sharply in Spain and Italy debt auctions. There are now signs of economic stabilization, according to ECB President Mario Drahi. Recession in euro zone may be less likely, as a result.
CNBC's Michelle Caruso-Cabrera has the details on the range of issues discussed between the Greek prime minister and finance minister.
European markets see gains across the board as bond yields fall, reports CNBC's Rebecca Meehan.
Michael Ozanian, Forbes executive editor, and Don Luskin, Trend Macro chief investment officer, discuss how investors can protect their portfolios, amid recession fears in Europe. Also, will the euro zone's debt crisis keep a lid on the market's rally? David Malpass, Encima Global founder & CEO, provides perspective.
Stocks edge lower after the S&P 500 hit its 5-month high yesterday. What's holding the markets back? Jeremy Zirin, UBS, and Rick Fier, Conifer Securities, discuss new signs the Germany economy is slowing down.
European markets fall as Fitch says ECB should ramp up bond buying. The euro falls to a 16-month low vs. the dollar following Fitch comments. Italian banking stocks rebound, led by Unicredit. There was strong demand for the sale of German bonds. The German economy shrinks during the 4th quarter. Merkel praises the Italian government for speed of launching reforms. Italian PM Monti warns of austerity exhaustion and says austerity alone will not solve all of his country's problems. A new report calls organized crime "Italy's Biggest Bank." Commercial bank overnight deposits at the ECB hit another record high. Natural gas stocks are weak as natural gas hits its lowest level since September 2009. With Yra Harris, Notes from Underground blog.
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European shares closed higher on Thursday after an announcement from the European Central Bank on how it will make key decisions in the future.
Marc Ostwald, strategist at ADM Investor Services, comments on the ECB's cheap loan program and says that doing anything before the asset quality review "was always going to be a problem".
Marijn Dekkers,CEO of Bayer, says now is a "good time" to float the company's plastics business and prefers the IPO route.