NEW YORK, Dec 11- Stock markets worldwide slipped on Wednesday after the U.S. Congress announced a provisional budget deal, which heightened expectations of a stimulus reduction by the Federal Reserve.» Read More
The outlook for the euro is iffy at best, this strategist says - but watch out for positioning risks.
Iceland's Progressive Party wants to stop trying to join the euro and adopt the Canadian dollar instead.
After yesterday's drop, the U.S. markets are positive, although German Chancellor Merkel's comments about not increasing the size of the bailout fund have taken out some of the steam. Energy shares are among the leaders, while Best Buy is down as it slashes prices to drive sales in a very competitive market, with CNBC's Mandy Drury.
The European rally fades as German Chancellor Angela Merkel reportedly rejects a bailout fund increase. Oil and gas stocks are among best performers in Europe. U.K. inflation hits an annual rate of 4.8 percent. The euro falls below a key level. And Moody's puts 8 Spanish banks on review for a possible downgrade, with CNBC's Simon Hobbs, Bertha Coombs, Rick Santelli, Gary Kaminsky, Melissa Lee and Stephen Weiss, Short Hills Capital.
What is needed is an agreement, and then an undertaking, to make the euro work. This needs a centralized budgetary authority, which has control over the debt issuance process as well, to ensure that governments do not run up unsustainable public deficits. Tie that into a genuine lender of last resort role for the European Central Bank and we are almost there.
The breakdown in materials bodes ill for the Aussie dollar, this strategist says.
Europe clouds the market and the Swiss expect slowness - it's time for your FX Fix.
Europe is back to its best levels of the day after a Spanish T-bill auction sees higher demand and lower yields than expected. Also, will Commerzbank need state aid?
V Hariharan, CEO of Singapore Mercantile Exchange says he plans to expand the SMX to as many as 30 venues worldwide, despite the ongoing volatility in markets.
The Swiss National Bank will meet this week amid chatter about a possible change in the target for the franc. Here's how to get ready.
Some ways traders should play the strength in the dollar, with Keith McCullough, Hedgeye Risk Management CEO.
U.S. markets have a rough start to the week, mostly due to skepticism over European solutions to the region's debt crisis. Intel cuts its Q4 outlook on lower PC production, due mostly to hard drive shortages. And financials follow European banking stocks lower, with CNBC's Mandy Drury.
European stocks sink on concerns the EU summit did not do enough to address the euro zone debt crisis. Italian borrowing costs remain near record highs in a 1-year note auction, and the Dax closes at its lowest level this month.
A reaction to the new deal to save the euro zone has been mixed, even though many expect the agreement should offer the euro temporary stability. What it means for currencies in the week ahead, with Nick Bennenbroek, Wells Fargo FX head of currency strategy.
The European Union summit generated some results - but not everything investors hoped for. Here's how to trade the euro now.
The euro zone agreement underwhelms and the Australian trade surplus slips — it's time for your FX Fix.
U.S. futures start the week down. European equity markets are lower over concerns about the European Summit agreement. Moody's says the agreement offers few solutions and Italian yields rise despite a successful T-bill auction
As a New York Jets fan, I despair of all the talk about the New England Patriots. I desperately want to wish the Patriots away, but I cannot. They matter. When it comes to Europe, investors around the world also face this exasperating combination of having, but not wishing to pay close attention.
You never know what the Federal Reserve will pull out of its sleeve. This strategist has a playbook for the upcoming FOMC meeting.
The final word from the currency pits, with CNBC's Melissa Lee and the Money In Motion traders.