Fears over the health of the euro zone bond market intensified after one of Europe’s biggest clearing houses warned investors they could be compelled to stump up more money to trade in Ireland’s debt. The FT reports.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
Despite the euro zone's recovery still looking very fragile, the central bank's key playmakers seem determined to talk about pushing policy back onto a more "normal" footing.
A combination of better data than expected, China’s pledge to buy the country’s bonds and hopes that international bail-out loans will be extended have boosted investor sentiment. The Financial Times reports.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.
Investors in euro zone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default. The FT reports.
Stocks declined after a volatile session, but ended the month with the best September results in 71 years. American Express and Caterpillar fell.
Stocks declined as the session end neared as quarter-end rebalancing, and profit-taking, caused the markets to waver despite positive economic news. American Express and Caterpillar fell.
Stocks extended losses on the last trading day of the session despite a series of economic reports providing evidence of returning strength in the U.S. economy. Caterpillar and Hewlett-Packard fell, while Boeing rose.
U.S. stock index futures rose after the government report jobless claims were better than expected, and the reading on second quarter GDP was revised slightly higher.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.
Ireland will unveil on Thursday a fresh taxpayer-funded recapitalization of Anglo Irish Bank, the institution at the centre of the country’s property meltdown, amid rising alarm over the country’s financial health. The FT reports.
Stocks ended near session highs on Tuesday as investors considered the impact of the Fed's next moves to bolster the economy as well as weak reports on the economy. Pfizer and Intel rose, Cisco and P&G fell.
Stocks continued to rebound ahead of the closing bell Tuesday as investors considered the impact of the Fed's next moves to bolster the economy as well as weak reports on the economy. Pfizer and Intel rose, Cisco and P&G fell.
Stocks climbed into positive territory Tuesday as investors expected the Federal Reserve to pump more money into the economy, supporting equities. Travelers and Intel rose, while Cisco and Alcoa fell.
Stock index futures added to gains Tuesday after a report that home prices stabilized in July, and despite the return of European debt concerns.
The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.