The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.» Read More
The market had plenty of reasons to rally but the bulls just couldn’t keep it together and by the close the Dow surrendered a triple digit gain.
For years, almost nobody paid attention to the sky-is-falling alarms of Edward Hugh, a gregarious British blogger and self-taught economist who repeatedly predicted that the euro zone could not survive. The NYT reports.
The United States will have to adopt austerity measures similar to the ones taken in Europe, because the problems faced are largely the same, Timothy Scala, macro-strategist at Sophis Investments, told CNBC.com.
Investors looking for clues about the markets cannot help but notice that gold is making another record high and that stocks are continuing to struggle.
The euro hit an all-time low versus the Swiss franc Tuesday, after hitting a 4-year low against the dollar the previous day. The single currency recovered in morning trade but fell back against the greenback in early afternoon, and analysts say it will remain volatile. Check out what the pros have to say.
The world's sovereign debt crisis should be tackled in the same way one tackles fictitious zombies – “save those you can, but leave many to die,” Nicoholas Colas, ConvergEx chief market strategist, wrote in a research note.
Jerome Kerviel goes to trial Tuesday over unauthorized trades that cost French bank Societe Generale 4.9 billion euros ($6 billion) in 2008.
Don’t trust a move higher, Cramer says, until these six problems are solved.
Due to the fractional nature of the European Union and European Monetary Union, the coordination of the process won’t be nearly as streamlined as the US.
Highly-correlated global markets will likely continue to correct until October, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC on Monday. But there is a very good chance of a mid-summer rally within the correction, he added.
The weakening euro could continue to strong-arm markets in the week ahead, as investors worry about contagion from Europe's sovereign debt crisis and the potential for a bigger setback in the U.S. economic recovery.
A weak jobs report hobbled the US’ ability to counterbalance the Continent’s debt troubles. Now investors must keep an even closer watch on the EU.
After a disappointing jobs report sent stocks tumbling Friday, is 1105 the ceiling in this market?
Engaging in what I perceive as their only avenue to grow, Germany’s Finance Minister Schaueble and France’s PM Sarkozy made statements intimating that the weak Euro is not an issue for the country’s in the European Monetary Union.
If the economy keeps growing at 3 percent the balance of 2010, demand for new capacity—improved rental housing, better located new homes, and commercial construction for retail and factory improvements—should accelerate in 2011.
Austerity measures imposed by the euro zone will likely push the euro back towards $1.50 or even $1.60 but the European currency is unlikely to achieve the status of reserve currency, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com Friday.
Even if there is a blow away jobs number Friday, many economists expect the report will show fewer private sector jobs were created in May than in April.
The US recovery will continue, despite financial turmoil in Europe, as long the governments on the continent follow through on their promised rescue package, Treasury Secretary Tim Geithner told CNBC Thursday.
Gold remains a primary safe haven, said Jerry Castellini, president of CastleArk Management, and Ethan Anderson, portfolio manager for Rehmann Financial. The two offered CNBC their investment outlooks on the precious metal.
With S&P stalling at 1105, Guy Adami fears what was once support becomes resistance.