On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.
European stocks are expected to open slightly higher on Tuesday as investors wait for key data from the euro zone and speculate over whether the Federal Reserve is about to pump more money into the system in a bid to boost sentiment and economic growth.
European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.
The question facing every investor on the planet is simple enough: When will this sell-off come to an end? Because when it does, the risk-on trade will mean big returns.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
European stocks are expected to open lower on Monday following heavy selling of equities on Thursday and Friday of last week.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC.
An almost across-the-board flight from risk assets continued on Friday, as European shares flirted with 2-year lows. But with technical analysts saying that stocks might be oversold and continued concerns over the security of sovereign debt, some analysts say that now might be the time to buy equities.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
European stocks were expected to open lower on Friday after plunging to their biggest daily fall since March 2009 on Thursday amid renewed fears over funding for banks in Europe and concerns that the US recovery is stalling.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
European stocks were expected to open lower on Thursday tracking losses in the United States and in Asia after hitting a 1-week closing high on Wednesday, when they recovered from early losses following the lack of a resolution to the euro zone debt crisis at Tuesday's Franco-German summit.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
European stocks were expected to open lower on Wednesday after a highly anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel failed to calm markets.
Euro zone countries pledged in July to obtain parliamentary approval for key Stability Fund powers. It's taking a dangerously long time for the markets.