"We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.» Read More
Global stocks plunged for the third day in a row on growing fears that Europe's financial crisis will hurt economic growth and lead to a wider market correction.
Stocks are likely to continue their aggressive decline and shed another 20 percent as the world economy weakens, economist Nouriel Roubini told CNBC.
I have been thinking that we needed a 10% correction for some time (I use the S&P 500 average.) There are few rebounds off a major bottom that don't correct by at least 10% within 14 months of the bottom. I believe we are in that correction now.
Amidst all of the fear, panic, and growing stock market doom and gloom, I’d like to offer an important silver lining.
Having lost a regional vote in Westphalia, the politic overcame all and she scrambled to pander to the electorate who are good and mad that she is involving Germany in the European bailout.
The man at the eye of the financial storm that has engulfed the euro has learnt to be patient after 20 years confined to a wheelchair. But Wolfgang Schaeuble, Germany’s finance minister, is also a man in a hurry, the Financial Times reported.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
The U.S. dollar index will continue rising over then next three weeks, but then collapse thereafter, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.
Treasury Secretary Tim Geithner said on Tuesday he planned to emphasize the need for a stronger Chinese yuan when he visits Beijing next week, amid some recent speculation that the country could relax its exchange-rate regime.
At both ends of the workforce spectrum, Portuguese are saying the same thing—I want a job.
The German government announced plans to ban naked short-selling at the country's 10 most important financial institutions on Tuesday. David Kelly, chief market strategist at JPMorgan Funds, shared his insights on the new proposal.
What impact will Germany’s naked short-selling ban have on the U.S. markets? Lee Eugene Munson, chief investment officer at Portfolio Asset Management, shared his insights.
Stocks tumbled around the world Wednesday as investors were rattled by efforts in the US and Europe to tighten regulation of financial markets
By and large, big blue-chip companies are executing well and have very strong balance sheets. In fact, the debt of several large-cap US multi-nationals is yielding less than like-duration US Treasury bonds. This is the first time in history this has happened.
Corporate earnings in the U.S. have largely been overshadowed by ongoing concerns over public debt in the European continent. But if one takes the time to look past events overseas and focus on earnings numbers from U.S. firms, most have surprised on the upside.
Germany and France can't borrow or tax enough to cover all the debts of their southern neighbors.
Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
The International Monetary Fund (IMF) has published its detailed economic analysis of the Greek restructuring program. It makes for truly grim reading.
Germany's ban on kinds of naked short selling will have no effect on investors' ability to bet on declining prices, analysts told CNBC.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.