Europe Top News and Analysis Italy

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    In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.

  • Bernanke Testifies to Congress on U.S. Monetary Policy

    Traders will be tuned in to Bernanke's Senate testimony Wednesday to see what he says about the economy and any new stimulus measures. Don't get too excited about a QE3, one economist said — that was just the Fed thinking out loud.

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    Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.

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    The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.

  • A morning roundup of today's headlines.

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    European banking stocks fell sharply Tuesday before starting to rebound, with Unicredit and Deutsche Bank among the top losers, on fears that sovereign debt crises in peripheral euro zone countries might spread.

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    European authorities need urgently to increase the size of resources available to indebted European countries faced with liquidity problems if they want to avert disaster, Willem Buiter, Chief Economist at Citi told CNBC on Tuesday.

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    Italy's family savings will keep the country from defaulting, Alessandro Capuano, head of Italian desk at IG Markets, told CNBC Tuesday.

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    European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.

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    European markets are expected to open sharply lower amid fears the debt crisis is spreading to Italy, the euro zone’s third-largest economy.

  • George Soros

    Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a "plan B" to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.

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    The Euro zone finance ministers are having a critical debt crisis meeting today. They are trying their best. But the situation is difficult and complex, both from a financial and political perspective.

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    The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.

  • WOTS: Italy Feels the Heat

    Insight on Europe's growing debt problems, with Jim O'Neill, Goldman Sachs, and the Fast Money traders weigh in on financial stocks, gold., and trades to put down today..

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    A morning roundup of today's headlines.

  • German Chancellor Angela Merkel

    German Chancellor Angela Merkel pressed Monday for a quick agreement on a new rescue package for Greece, and said she is confident that Italy will push through an austerity plan.

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    Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.

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    After the European market closes on Friday, global markets will be digesting the results of the latest set of stress tests for European banks. Those that fail will need to raise more capital and the health of those that pass is likely to remain in doubt given questions being raised about the credibility of the tests.

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    Alcoa kicks off the second-quarter earnings season Monday after the bell and analysts at HSBC believe now is a good time to buy stocks ahead of a rebound some time in the third quarter.

  • Jim Rogers

    "If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money and I will make money in commodities," Rogers said.