NEW YORK, July 29- The U.S. dollar hit fresh eight-month highs against the euro on Tuesday and rose slightly against the yen and Swiss franc as traders awaited U.S. economic data and a potentially more hawkish tone from the Federal Reserve.» Read More
Fears of a second round of the financial crisis are misplaced and investors shouldn't bank on another tranche of quantitative easing from the Federal Reserve, Guy Monson, managing partner & CIO at Sarasin & Partners, told CNBC Thursday.
Large swathes of Britain's service sector suffered their first fall in output since April 2009 last month, a major survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010.
The euro zone's strategy of slashing spending to reduce debt in the wake of the credit crisis is "clearly wrong" and is likely to be counterproductive for the region’s economic growth, Nobel prize-winning economist Joseph Stiglitz, told CNBC Thursday.
European shares were set to edge higher on Thursday, after Wall Street reversed early losses following upbeat U.S. data on jobs creation and services sector growth.
December chain store sales and weekly jobless claims top the list of what traders will be watching Thursday.
When the Swiss central bank confirmed today that it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo transactions, it created broader worries about the exposure of other eurozone nations to decisions from Alpine bankers.
Welcome to the world of European sovereign debt restructuring proposals — where politicians dream of making the world other than it is by act of Parliament.
China is nowhere near seeing the end of inflation and the amount of monetary tightening it will have to implement will surprise the markets, Arjuna Mahendran, head of investment strategy at HSBC Private Bank told CNBC Wednesday.
The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
European stocks were seen retreating on Wednesday, losing ground for the first time this year, as heavyweight resource-related shares feel the pinch of a sell-off in commodity prices.
The hot commodities trade caught a chill Tuesday and could continue to struggle in the short term as some excess is wrung from the markets.
The annualized rate of inflation in the Eurozone for December came in today at 2.2 percent.
The Fast Money traders weigh in on whether today's commodity sell-off is a sign of a deflating bubble or a temporary correction.
The past is not always a prologue to the future. But looking at some of the big winners and losers of 2010 does provide some strong hints of a positive 2011.
In this new segment, one of the market's top traders gives us the country where the fastest money in the world is moving next.
The Fast Money traders unveil their contrarian investment theses for the new year.
There’s a way, just a question of the will: There are a couple of early articles out broaching the topic of whether firms will begin hiring.
Stocks cross into 2011 with a positive tilt, but the December jobs report and other data will put investor faith in the recovery to the test in the very first week of the year.
The dollar is closing out December near its lows for the month, but odds are good that it will see a rebound in January.
Federal Reserve Chairman Ben Bernanke may resign in late 2011 as deflation continues to dash hopes of strong economic growth in the U.S. economy, Jim Walker, founder and CEO of Asianomics, told CNBC Friday.