The euro clung onto modest gains as feverish speculation of an imminent round of easing by the European Central Bank cooled.» Read More
January in the northern hemisphere is usually the coldest month of the year and it might prove to be a bitter one for euro zone governments trying to raise money in the capital markets, reports the Financial Times.
With much of Europe mired in a debt crisis and hamstrung by austerity budgets, one would think that European Union leaders are busy examining their economic models, looking for ways to promote growth amid tougher global competition. The New York Times reports.
Eurozone end-of-year financial market tensions have been highlighted by the European Central Bank’s failure to reabsorb funds it has spent on buying government bonds to combat the region’s debt crisis, reports the Financial Times.
The European banking sector does not need another round of stress tests because the exposure of large banks to sovereign debt is already public, Société Générale Chairman and CEO Frédéric Oudéa told CNBC Tuesday.
The bond market tomorrow will be the one to watch, after interest rates spiked Tuesday following a sloppy Treasury auction.
Critics once proclaimed that the euro was doomed to struggle. Different countries would pursue such different economic policies, they argued, that it would ultimately place an unbearable strain on the currency and some of its members. Today, many of those predictions are coming true, the New York Times reports.
The European Central Bank increased its intervention in government bond markets last week, indicating that the euro’s monetary guardian remained wary of an escalation of the eurozone debt crisis, reports the Financial Times.
There is a risk of another recession next year, protectionism could cause major problems in 2011 and recent stock market strength could be curtailed, Roger Nightingale, strategist at Pointon York, told CNBC Monday.
Even as they ring in the holidays, traders are looking ahead to January and wondering if—and when—stocks will give back some of their bullish December advance.
The bulls may be running down Wall Street now, but traders are still kept up at night by events they believe could happen in 2011 to derail this rally.
With more than 30 years of experience as a currency and commodities trader, Dennis Gartman on Thursday revealed his three rules to trade by in the new year.
Portugal had its credit rating downgraded Thursday by the Fitch Ratings agency amid mounting concerns over the country's ability to raise money in the markets to finance its hefty borrowings.
Reports on weekly jobless claims and durable goods could make Thursday morning the busiest trading session of the week, but a shortened day for bonds and commodities markets could quickly turn the session into a sleeper.
The Fast Money Traders debate whether China buying Portugal's debt is a sign of Euro-zone health.
A crisis in the municipal bond market in the US would be similar to the one sweeping through the euro zone now, Steven Major, global head of fixed income research at HSBC, told CNBC Wednesday.
European shares were expected to open little changed Wednesday, with investors avoiding strong bets at the tail end of the year.
Existing home sales and revisions to third-quarter GDP are among the highlights for Wednesday's stock market, which could continue its quiet drift higher.
Fast Money’s Karen Finerman focuses on the stellar earnings of a trucking supplier
European stocks were seen rising Tuesday, mirroring gains in Asia and extending their Christmas rally.
Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.