ECB Holds Rates Steady
Airtime: Thurs. Jun. 10 2010 |
The European Central Bank kept interest rates on hold as widely expected Thursday. Chris Watling, CEO of Longview Economics, considers the outlook for the European economy.

Airtime: Thurs. Jun. 10 2010 |
The European Central Bank kept interest rates on hold as widely expected Thursday. Chris Watling, CEO of Longview Economics, considers the outlook for the European economy.

US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”

There is an 80% or more chance the euro zone will lose members within the next two years, Erwin Grandinger from EPM Financial Services Group said citing the group’s clients. He added that part of the problem is having no direct communication between politicians and the markets.

The European Central Bank may be forced to introduce a euro zone bond in the wake of budget deficit problems from Greece and other countries, Julian Pendock from Senhouse Capital told CNBC Friday. Joshua Raymond from City Index joined the discussion.

A new and improved tool for global debt, with Greg Ip, The Economist U.S. economics editor.

Fed Chairman Ben Bernanke gives his opening statement to a House Financial Services Committee hearing on the link between bank supervision and monetary policy.

A political gridlock is seen as a good thing for the equity markets, believe Alastair Newton, MD & senior political analyst at Nomura International and Frank Lavin, Former White House Political Director. They also tell CNBC’s Martin Soong that the Bush tax cut extensions will be an important factor in this election.