Debt Threat: European Market Update
Airtime: Thurs. Apr. 29 2010 | 9:35 AM ET
Key meetings are still underway on what to do with Greece. The CNBC news team has the details on this and what it means for Portugal.
Airtime: Thurs. Apr. 29 2010 | 9:35 AM ET
Key meetings are still underway on what to do with Greece. The CNBC news team has the details on this and what it means for Portugal.
President Barack Obama encourages passage of the small business bill, which is currently stalled in Congress.
Facebook launching new part of its platform: Graph API, with CNBC’s Julia Boorstin
The UK government unveiled a new tax on banks in its emergency budget Tuesday. David Pitt-Watson, chairman of Hermes Equity Ownership Svcs, and David Kuo from The Motley Fool have analysis.
The BoJ kept rates on hold at 0.1% and held off on new policy initiatives on Thursday as widely expected. Susumu Kato, MD & chief economist at Credit Agricole Corporate & Investment Bank, assesses its decision, with CNBC’s Oriel Morrison & Maura Fogarty.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
“The bond vigilantes are one by one picking off the weakest countries starting with Greece,” Neil Michael from London & Capital told CNBC Wednesday. The “vigilantes” are telling governments to “get a grip of their public finances,” he added.