LONDON, Dec 9- The euro hit a six-week high against the dollar and a five-year peak versus the yen on Monday, helped by tighter money market conditions in the euro zone, which offset weak data from the region. The euro rose as high as $1.3748 in thin early trade in Asia.» Read More
U.S. markets are up on better than expected economic data from the U.S. and China. Bank stocks are mixed, as Wells Fargo is up, which Citi and Morgan Stanley are down at mid-day.
Markets in Europe close on the upside today, after good news on China GDP and a solid bond auction in Spain. The euro is up against the dollar. In the U.S., the Citi conference call indicated significantly weaker investor activity in December, mostly due to fears about Europe. And natural gas is hit again -- too much of it and not enough demand. With Joe Terranova and Jon Najarian, Fast Money traders.
China grows, Spain sells bonds, rating agencies predict a Greek default - it's time for your FX Fix.
In his first and only interview since taking office, Greek Prime Minister Lucas Papademos took straight aim at those who suggest Greece should abandon the Euro and return to the drachma, with CNBC's Michelle Caruso-Cabrera.
European shares advanced further after an auction of Spanish short-term debt showed strong demand and falling yields. Earlier today higher than expected growth in China pushed stocks in Europe and Asia up. US stock index futures also pointed to Wall Street opening sharply higher after the long weekend.
US equity futures suggest Wall Street will open sharply higher with the Dow up by 140 points. European shares are also up, hitting a five-month high, with miners gaining from slightly better-than-expected Chinese GDP data. China's GDP data and government efforts to bolster the stock market have triggered a 4.2 per cent surge in Shanghai and a broad rally across Asia.
U.S. markets closed for the Martin Luther King, Jr. holiday. Greek default seems more likely after talks break down. The European markets are mostly up, even after last week's S&P downgrades. Autos, technology and basic resources among the market leaders. Reuters reports the ECB will step up its bond buying program.
Piers Curran, head of trading at Amplify Trading, told CNBC, "this divergence between these two geographical areas is going to get wider and the earnings this week from the US will prove that further."
European stocks were down this morning showing a muted reaction to the mass credit downgrade by S&P of nine euro zone countries. Asian shares fell on fears that the rating cuts would further aggravate the euro zone funding difficulties and threaten to derail progress in resolving the debt crisis. Main U.S. markets are closed for the Martin Luther King, Jr. holiday.
CNBC's Michelle Caruso-Cabrera sits down with Greek Prime Minister Lucas Papademos to discuss the country's ongoing negotiations with the private sector and Greece's place in the euro zone.
With Standard & Poor's cutting credit ratings for France and others, here's how to trade the changing landscape.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
The final word from the currency pits, with CNBC's Melissa Lee and the Money In Motion traders.
The latest on the Greek debt crisis, with CNBC's Michelle Caruso-Cabrera. Talks between Greek bond holders and the government fell apart today. So what's the trade, with CNBC's Melissa Lee and the Money In Motion traders.
John Chambers, S&P, explains the thinking behind the move to downgrade nine European nations today, with CNBC's Melissa Lee and the Money In Motion traders.
After months of rumors, S&P downgraded France, Italy and Spain. Germany, the Netherlands and Finland were spared. What the downgrade means for the euro, with Sean Egan, Egan Jones, CNBC's Melissa Lee and the Money in Motion traders.
It is unclear the extent to which the downgrades will alter the function of the international monetary system over time. It is also unclear how material the incremental headwinds blowing out of Europe will be for countries already facing internal fragilities.
The euro's having a bad day, and this strategist says its problems are starting to bother the neighbors.
Louise Coioper, BCG Partners markets analyst, discusses the pending S&P downgrades in Europe and says the differential between the haves and have nots has increased. And Rick Santelli weighs in on the downgrade's impact on currency markets.
The U.S. markets are off the lows of the day, but still down on European downgrade concerns. Jamie Dimon blames regulatory activities for hampering bank's business. Jefferies raises Safeway from hold to buy. And Gizmodo says Microsoft's Bing is better than Google, with CNBC's Mandy Drury.