Greece may be in flames, but its stock market is doing quite nicely. In fact, the gains so far this year have outpaced those in many financially stronger countries—especially China.
While financial markets remain focused on Spain, analysts are touting ex-Yugoslav Slovenia as another candidate to tap the euro zone’s new bailout fund, the European Stability Mechanism (ESM).
European Central Bank President Mario Draghi said on Tuesday that EU governments, not the central bank, must take “fundamental” measures to solve the region’s debt crisis.
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts told CNBC the precious metal could soar to $3,000 or even $5,000 over the longer-term.
Global growth rates will diverge in 2013, with the U.S. seeing signs of growth while Europe remains in the doldrums, Siemens CEO Peter Loescher told CNBC.
Lonmin shares are a “buy”, according to John Meyer, head of resources at investment bank Fairfax, despite violence at the company’s South African platinum mines which killed 44 workers.
Federal Reserve and European Central Bank monetary stimulus measures are more likely to impede growth than aid it, Nomura strategist Bob Janjuah said on Tuesday, adding that central banks' recent actions would be seen in future as a key moment in the downfall of Western superpowers.
Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.
More than one third of Europeans hold a negative opinion of Republican nominee Mitt Romney, according to an annual survey by Transatlantic Trends released on Wednesday.
Europe’s single currency zone is essential and will survive its current crisis, Anshu Jain, the co-CEO of Germany’s Deutsche Bank, told CNBC on Tuesday.