Eu Summit

Emmanuel Macron and Volodymyr Zelenskyy to travel together to EU summit in Brussels

The Ukrainian head of state, who is on a surprise tour of Europe, is leaving his country for the second time since the beginning of the Russian offensive on February 24, 2022. He travelled to Washington in December.

EU's Juncker says Britain doesn't have 'months to meditate'

Juncker also said that he expected Britain to trigger Article 50 very soon after Cameron's successor is named on September 9.

EU says keen to conclude FTA talks with India

Within a fortnight of Prime Minister Narendra Modi's visit to Brussels to attend the Indo-EU Summit, the European Union today said it is keen to conclude the long-pending FTA with India but both partners should first establish their objectives clearly.

EU bank supervisor to be built in 2013: Angela Merkel

German Chancellor Angela Merkel said on Friday that a single European banking supervisor would be built up in the course of next year and must be completed before euro zone rescue funds may directly recapitalise troubled banks.

Threat of N-S Europe tiff amid tepid ECB looms: Schulz

Christian Schulz, senior economist, Berenberg Bank explains to CNBC-TV18 that the next lot of bad news could come from the countries in northern Europe on sentiments of being short-changed in the effort to rescue the economies in southern Europe.

ECB may bring down rates further, says Citi

Jurgen Michels, Managing Director, Lead Euro Area Economist and ECB Specialist at Citi said that the ECB offered some positive surprises by bringing down the deposit rate to zero. He believes, this could also pave the way for taking the rates further down, even moving into negative territory at some stage.

Expect easing from ECB, hope for 25bps rate cut: Parsons

Nick Parsons of National Australia Bank attributes the reason for the slow trade to the close of US markets for Independence Day. According to him, the impetus from the US is not driving the European market and it is focusing on itself.

Likely China rate cut lift markets spirit: Fat Prophets

David Lennox, analyst, Fat Prophets talks to CNBC-TV18 about what the market is expecting in the near-term amidst all these global data points which need to be considered.

Follow-up on EU summit promises key for markets: F&C Invest

Jeff Chowdhry, head of emerging equities, F&C Investments says the European Central Bank‘s meeting on July 5 is less crucial perhaps than some people believe simply because policymakers have already put in place a sort of roadmap towards banking supervision at the EU summit last week.

EU surprises mkts; banking body needs teeth: StanChart

Sarah Hewin, senior economist, Standard Chartered explains to CNBC-TV18 that the EU summit surprised the markets by announcing solutions to address the short-term problems instead of discussing measures which would take effect only in the medium-term

Would dip a toe into India, emerging markets: Justin Harper

In an interview to CNBC-TV18, Justin Harper, head of research, IG Markets gives his outlook on the current global environment, post the EU summit. He also discusses other risky asset classes like crude.

PL bets on private sector; picks ICICI, Axis, L&T

According to Sandip Sabharwal, CEO, Portfolio Management Services at Prabhudas Lilladher believes that the downside risk for the Indian economy has significantly reduced.

EU not out of woods yet; see global GDP at 2.5%: StanChart

The surprise agreement by EU leaders at the EU Summit to aid the region's struggling banks lead to a global rally last week. However, Fauzi Ichsan, senior economist, Indonesia, Standard Chartered told CNBC-TV18 that despite this step one cannot say that the Europe is out of woods.

Expect global mkts rally to continue: JP Morgan Chase Bank

James Glassman expects the rally in global markets to continue. "In my mind there is pretty likely that the global recovery continues, may be at a healthier pace and a little more moderate pace, so that‘s all fairly good prescription for equities," he elaborated.

EU surprises, experts ask for prioritization of key issues

After the EU leaders decided to sort out Spain and Italy‘s debt woes, the global markets saw an upside. However, Trevor Williams, Chief Economist of Lloyds Bank tells CNBC-TV18 that he is not very enthusiastic about it

EU action likely to extend mkt gains in near term: Ross

In an interview with CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson said that it was about time and the world was perhaps waiting for this kind of a decisive action from Europe.

Wall Street ends weak quarter with a bang; Nasdaq gains 3%

Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region's banks, a pact that helped remove some of the uncertainty that has plagued markets.

Investors richer by Rs Rs 1.17 lakh-cr as Sensex surges

Helped by a rally in the stock market where the Sensex surged by a whopping 439 points, its biggest single-day gain in 2012 so far, investors became richer by Rs 1.17 lakh crore on the back of clarity on tax-avoidance rules and bullish global sentiment.

Pessimistic about EU; Indian mkt may rally from Q3: Parker

Going into the EU summit, expectations were low and Robert Parker, Vice Chairman of Credit Suisse Asset Management expects clarifications on the bail out coming through. In an interview with CNBC-TV18, Parker said that till now, market participation has been very encouraging.