LONDON, Dec 10- The euro hit a fresh five-year high on the yen and a six-week peak against the dollar on Tuesday as expectations for further near-term stimulus from the European Central Bank faded. Against the dollar, the euro was at $1.3755, up 0.1 percent and getting closer to a two-year high of $1.3833 set in late October.» Read More
Friday's jobs data looms as the first major economic report of the year's second half, which promises to challenge markets with slower economic growth.
As reports resurface that Greece is considering selling leases to some of its islands to pay down debt, fears are growing that the euro zone member could restructure its debt over the summer months. But analysts disagree, saying this would be bad for German banks.
I was hoping we could forget about the Club Med countries for a while. China's currency, the G20 Toronto meeting, and the sacking of McChrystal pushed Greece off the front page.
Jerome Kerviel was a pawn in a mind-boggling financial system that pushed him to take risks, lawyer Olivier Metzner argued on the last day of the trial of the former Societe Generale trader.
The Russell indexes rebalancing and approaching quarter end could influence the direction of stocks Friday.
Banks in Portugal, Ireland, Greece and Spain account for over two-thirds of the euro area liquidity injections since the middle of 2008, according to new research from RBS Marketplace.
The euro is a very credible currency that has kept its value from its debut and has guaranteed price stability, he said. "A currency that guarantees such stable prices, it's of value in the eyes of domestic and international investors," Trichet said.
Shockingly bad housing data this week, and now the Fed's downgrade of the economy could ramp up market anxiety with each new economic report.
More disappointing economic news sapped stock prices Tuesday, making the Fed's comment on the economy Wednesday a bigger event than it might otherwise have been.
The threat of a trade war between the US and China is greatly reduced. The move should help combat Chinese inflation a little by making imports less expensive. The only major country the Chinese have a trade surplus with is the US. Exporters to China should still see better trade as the richer currency buys more.
The euro's recent recovery versus the dollar will only be short-lived and investors should expect the single European currency to take another leg lower, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC Tuesday.
During a recent American Beacon Advisors investment forum in New York, asset managers explained how they are reacting to market volatility and euro zone risks, as they look for new investment opportunities.
The move by China to allow a more flexible exchange rate for its currency shows that the danger of a double-dip recession is remote, Bob Doll, BlackRock vice chairman, told CNBC Monday.
While shares of BP have tumbled since the Gulf of Mexico oil spill, the shares of the company aren't much worse off than other major shares in London, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
The rebound of Europe's single currency may be jeopardized by reports over the weekend that France and Germany are mulling a two-tier euro zone, ING Bank analysts said Monday.
Banking reform will likely overshadow the Fed in the coming week, as Congress edges closer to a new financial regulatory reform bill whose effect on the financial sector remains murky.
Running derivatives through clearinghouses, part of the proposed financial regulations reforms now in Congress, will make them more secure and eventually may pump up their volume, Vikram Pandit, CEO of Citigroup told CNBC Friday.
The yellow metal has repeatedly been rallying to higher highs on strong volume, attracting the attention of traders, investors and yes, even economists.
I’ve been warning about for some time about how doing stress tests are great, but there are at least two more steps that need to be taken for reduction of uncertainty over European banks and countries.
Guess what? The funniest thing happened in Europe on Thursday. A new country joined (yes, joined) the euro zone. And the mood here was upbeat. Estonia will begin using the euro on Jan. 1.