BANGALORE, Dec 12- Indian shares are forecast to scale new highs next year after elections, attracting offshore funds despite an expected rough period for emerging markets when the U.S.» Read More
The euro may be grabbing headlines, but this strategist says the real action is in emerging market currencies.
The European Central Bank launches its second three-year long-term refinancing operation, allotting 529 billion euros to European banks; Fed Chair Ben Bernanke begins his semi-annual Congressional testimony on the state of the economy, and today is the first time the Dow will open above 13,000 and the S&P reaches its key technical level of 1370, reports CNBC's Courtney Reagan.
Yum is targeting Indian students and young office workers with adaptations of popular Western fast-food products designed to appeal to their unique tastes — hoping this will mirror its success story in China, which now contributes half of its operating profit.
European markets close higher after a choppy session. Portugal passes bailout review by troika. European bank stocks are down ahead of Wednesday's ECB cash injection. Ireland to hold referendum on new EU fiscal treaty. Borrowing costs fall at Italian auction of 10-year debt. With Daniel Stecich, TJM Institutional Services, and Steven Ricchiuto, Mizuho Securities.
The Dow might try to close above the 13,000 mark today; durable goods, home prices, and consumer confidence data is due out today as investors weigh concerns over the Greek bailout package one day ahead of the ECB's launch of the second long-term borrowing program, reports CNBC's Kayla Tausche.
The Indonesian government's approval of a long-awaited land acquisition bill in December will speed up land purchases for public infrastructure projects in Southeast Asia's largest economy and boost the country's cement space, according to one analyst.
European shares extend losses on cautious comments by Merkel regarding Greece. Banking stocks are among the day's top losers. Yields fall sharply at Italy's auction of 6-month bills. The German Parliament votes to approve of the Greek bailout package. Treasury Secretary Geithner says Europe has lowered the risk of catastrophe. And the ECB buys no government bonds for second straight week. With Joe LaVorgna, Deutsche Bank.
The yen's slide continues and emerging market central banks eye the euro - it's time for your FX Fix.
The focus returns to Europe even while investors feel less threatened, the issues don't seem to be going away for now, reports CNBC's Brian Shactman, who adds that market insiders are watching the market rally and whether fuel prices will derail the economic recovery.
This week's spike in oil prices is giving equity investors bad flashbacks. If the spike continues, investors must reevaluate, says Erik Ristuben, Russell Investments' chief strategist.
European shares mostly higher on positive earnings results. Euro zone banks among the best gainers as they benefit from ECB's LTRO. Deutsche Bank shares jump as Merrill upgrades stock to buy. Lloyds Banking reports $5.5 billion loss and gives a gloomy outlook. German economyy contracts by .2 percent in Q4. Fiat may shutter two European plants if U.S. export plans fail. Draghi says euro zone on the mend after a weak end to 2011.
Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.
Donald Knauss, The Clorox Company Chairman & CEO, offers insight on its reach into international markets, which account for about 22 percent of Clorox's business.
Although experts an make a bull case or bear case for 2012, some of the top performing ETFs reflect broad market trends.
European markets mixed after U.S. labor data. German business sentiment hits 7-month high. Greek Parliament approves private sector debt swap deal. Commerzbank earnings take $927 million Q4 hit on Greek debt. Royal Bank of Scotland full-year loss grows 78 percent on Greek debt. Euro zone economy to shrink in 2012, according to the EU. Spain, Italy, Portugal and Germany down for the third straight day.
Hewlett-Packard reports earnings that beat expectations but revenues fell short; Apple holds its annual shareholder meeting while investors wait to hear where the tech giant plans to spend its cash and how it will address issues in China, reports CNBC's Jackie DeAngelis.
Discussing whether there is an economic rebound brewing and how to play the recovery, with Pippa Malmgren, Principalis Asset Management, and Russ Koesterich, BlackRock iShares Group.
European markets close down on weaker than expected economic data. Markit Euro Zone PMI 49.4 (February) vs. 50.4 (January). Unresolved issues related to Greek bailout weigh on sentiment. Euro zone banking index falls about 2.5 percent, but still up 16 percent on the year. Fitch cuts Greece debt rating to C from CCC, says default "likely." Also, German manufacturing and service sectors slow in February. And a Greece Parliamentary Committee votes to approve debt swap bill. With Bob Baur, Principal Global Investors.
Traders will be watching the Dow again to see if it can close above the 13,000 mark; Oil prices will also be in focus today as NYMEX crude continues its rise on tensions in the Middle East; Dell's Q4 results came in weaker than expected, and Dollar Tree, TJX, and Toll Brothers among other stocks are expected to report earnings today, with CNBC's Jackie DeAngelis.