EUROPEAN CENTRAL BANK

The euro zone sovereign debt crisis has become systemic and risks to the economy are increasing rapidly with Europe's banks in the danger zone, European Systemic Risk Board Chairman Jean-Claude Trichet said on Tuesday.

In case investors forgot amid the excitement coming out of Europe, third-quarter earnings are about to begin.

The price of gold in the fourth quarter will rise to an average of $1,875 per ounce, a nearly 15 percent increase from gold's closing price Friday, Barclays Capital said.

The leaders of Germany and France have promised to unveil new measures to solve the euro zone's debt crisis by the end of the month, as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions. But they declined to reveal any details.

The leaders of Germany and France have promised to unveil new measures to solve the euro zone's debt crisis by the end of the month, as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions.

British Prime Minister David Cameron has called for safeguards to prevent France and other eurozone countries from distorting the EU's single market in an attempt to shift financial services from Britain to the single currency area, the Financial Times reported on Monday.

Stocks were little changed on Friday following a three-day rally after more jobs were created than expected in September, helping to ease concerns the economy was heading back into recession.

Stocks rose on Thursday after the European Central Bank launched fresh liquidity measures to help banks weather the euro zone's debt crisis, easing one of the major concerns overhanging markets.

In the midst of global market turmoil in the second half of 2011, at least two central banks of developed countries have responded with quantitative easing.

While fear fosters headlines, cash is what creates stories. And cash is the route the European Central Bank has chosen to go.

U.S. stocks continued to rally on Thursday’s afternoon session ahead of Friday’s all-important September jobs report from the Bureau of Labor Statistics (BLS).

The euro has rallied over 100 pips against the U.S. dollar since the beginning of the New York session. Before the U.S. opening, the European Central Bank (ECB) re-introduced two liquidity measures to support the European financial system: one-year loans and 40 billion euros worth of covered bond purchases.

Heading into Thursday’s European Central Bank (ECB) policy meeting, some investors and analysts expected a rate cut.

South Africa's rand fell as much as 1.4 percent against the dollar on Thursday as a survey pointed to a decline in business confidence and in line with a weaker euro, before recouping those losses in volatile trade.

Gold fell in choppy trade on Thursday after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro.

The Canadian dollar weakened sharply against its U.S. counterpart in early trade on Thursday after the European Central Bank held interest rates unchanged, dashing hopes it might cut rates to stimulate growth.

U.S. stocks rose Thursday morning as the European Central Bank (ECB) provided support for European banks and U.S. economic data proved better than expected.

Twelve years after German Chancellor Helmut Kohl pushed through the monetary union over the objections of a majority of his country's citizens, the bloc is crumbling under the burden of huge debts. And the one institution that Germans were told would ensure stability, the ECB, is in deep crisis itself. In the absence of decisive action from Europe's leaders, the bank has come under enormous pressure to fill the gap.

The European Central Bank sees intensified threats to the euro zone economy and will provide struggling banks with longer-term liquidity to ward off a new credit crunch, President Jean-Claude Trichet said on Thursday.

Gold prices rose nearly 1 percent Thursday on strong physical buying from Europe and Asia and diminished selling pressure that had arisen from the need to cover stock market losses.

The Bank of England voted on Thursday to buy 75 billion pounds ($115 billion) more in assets to shield Britain's economy from the euro zone debt crisis and keep the faltering recovery going.