More than 22 earthquakes struck Italy by noon on Wednesday, as is normal for the quake-prone country. But none was the devastating temblor purportedly predicted by a now-dead scientist to strike Rome.
The boss of French banking giant BNP Paribas has told CNBC that he sees no risk of contagion from the problems facing Greece, Portugal and Ireland.
Following a dramatic couple of weeks for those holding gold, HSBC has told clients the precious metal is ‘bound to rebound’ and that they could use the losses as a buying opportunity.
European shares were indicated to open higher, after overnight gains on Wall Street and in Asia and despite persistent comments that Greece will need fresh money from the European Union.
The plan to deal with the euro zone debt crisis and avoid restructuring before 2013 is failing, Willem H. Buiter, Chief Economist at Citi Investment Research and Analysis said on Tuesday.
Europe should help countries that are in trouble but these countries need to show that they are tackling their deficit problems themselves, like Britain has done, UK Chancellor of the Exchequer George Osborne told CNBC in an interview Tuesday.
As far as Europe’s real economy is concerned, the problems on the periphery are just that, peripheral, according to Credit Suisse’s Robert Barrie.
European stock market futures pointed to a slightly higher open after Wall Street closed Monday slightly up on the back of commodity related news and China posted its highest trade surplus in four months in April.
Speculation over the weekend that Greece could leave the euro zone was “utterly unrealistic" and would be a “catastrophe” for the country and for the wider European Union, Yiannos Papantoniou, former Greek finance minister and president of the Centre for Progressive Policy Studies told CNBC on Monday.
The boss of the French banking giant has told CNBC that the European banking sector could absorb a restructuring of Greek debt, whatever form it took.
European stocks pointed to a lower open on Monday as initial optimism faded off the back of US non farm payroll figures on Friday and concerns re-emerged about the European sovereign debt crisis.
The fall in commodity prices is a good thing for the fight against inflation and from the point of view of the recovery, European Central Bank President Jean-Claude Trichet told CNBC in an interview Friday.
An improving labor market will offset the impact of higher oil prices and underpin stocks according to Kevin Gardiner, the head of global investment strategy at Barclays Wealth in London.
European stock market futures pointed to a lower open on Friday as investors waited to see if other banks followed the example of Lloyds’ banking group as it set aside 3 billion pounds in impairment charges related to the mis-selling of payment protection insurance.
Part of the bet of investing in frontier markets is that they will eventually mature into emerging markets. And that may happen for a couple later this summer, analysts told CNBC.
Oil prices are likely to continue rising because the world's oil reserves are dwindling, but silver is likely to come down as it rose too fast, famous investor and commodities bull Jim Rogers told CNBC Thursday.
Major players, including George Soros, are reportedly pulling back from gold and silver has recorded yet another collapse.
The price action in silver since late January has been dramatic to say the least. The derivatives marketplace CME Group raising margin requirements has been seen by many as the reason for the 20 percent correction in prices since the precious metal hit a record over $49 an ounce on April 28th.
The European Central Bank decides on interest rates later Thursday, and while markets are looking for clues on what will happen next, more and more voices raise the possibility of debt restructuring in the euro zone.
Cash is seen by many in the asset management community as a cop-out, as those in search of return believe other assets will always outperform over time. But one strategist believes investors should think again.