LONDON, Dec 9- European and Asian share markets rose on Monday, lifted by upbeat Chinese trade data and cautious optimism that the world's economy and markets can cope with a gradual withdrawal of U.S. stimulus. In Tokyo, the Nikkei climbed 2.3 percent and was fast approaching last week's peak at 15,794, leading a broad rise in Asian markets.» Read More
An options play on emerging markets, with Mike Khouw, Cantor Fitzgerald.
Greek political leaders agree on austerity measures and warn there will be a "social uprising" over the agreement. As a result, the markets in Europe end the day higher, but off the day's best levels. The ECB and Bank of England leave key interest rates unchanged. The Bank of England adds 50 billion pounds to quantitative easing program. And Spanish government bond yields rise as new issue tempers demand.
Cisco beat Street estimates and reported better than expected revenue growth; Visa top forecasts as credit card use climbed; Traders are waiting for headlines out of Greece as reports yesterday suggested there is a draft agreement in the works; The Treasury will auction $16 billion in 30-year bonds and the Fed will release its balance sheet and money supply after the close, reports CNBC's Jackie DeAngelis.
Rebecca Patterson, MD & Chief Markets Strategist, J.P.Morgan Asset Management sees money going into emerging market equities this year, boosted by monetary easing by central banks in the West.
Markets in Europe are mostly higher as Greek political leaders meet in Athens. ECB policymakers are divided on countries' contribution to Greek debt restructuring. RBS shakeup has cost $60.5 billion so far. The Bank of France says country's economy will post zero growth in the first quarter. Investors watch tomorrow's ECB meeting to see if Draghi will tip his hand on Greece? With David Kelly, JPMorgan Funds chief market strategist.
Disney beats Street estimates, saying media networks and theme parks held up in a shaky economy; three directors on Yahoo will not stay for re-election; Rick Santorum wins the Minnesota caucus, Missouri primary and sweeps Colorado, and traders will still focus on Europe as the progress of the Greek debt deal continues to hang over the markets, reports CNBC's Jackie DeAngelis.
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.
Markets in Europe mixed as investors continue to watch Greece, which is said to be finalizing a bailout agreement. UBS shares edge lower as results miss forecasts. Glencore agrees to buy remainder of Xstrata for $41 billion. BP raises dividend after strong 4th quarter. With Russ Koesterich, BlackRock Glbal chief investment strategist.
The parts of the emerging markets that will continue to outperform, with Tim Seymour, Seygem Asset Management.
BP beats the Street and raises its dividend for the first time since the oil spill in the Gulf; Federal Reserve chairman Ben Bernanke heads back to Capitol Hill today to discuss the Fed's economic outlook and Federal budget situation before Congress and may discuss the better than expected jobs report, and the NY Giants parade will commence in lower Manhattan this morning to celebrate their Super Bowl victory, reports CNBC's Jackie DeAngelis.
Investors were on edge Tuesday as Greece missed another deadline to respond to terms for a new E.U.-IMF bailout that would grant it $170 billion. But, Robert Horrocks, Chief Investment Officer, Matthews Asia, says investors should treat Greece as a “sideshow”, as a default would not have a large material impact on the global economy.
KFC parent Yum Brands reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
Back from an investment-finding trip to Russia, trader Tim Seymour shared a few major themes he found.
What’s the best geographic location for your money? The “Fast Money” pros were split.
The Fast Money traders scan the global to find the best investment opportunities for investors, and weigh in on which regional stock market offers the best valuation.
A new Morgan Stanley report concludes that emerging market stocks look much more attractive than equities in the United States, Europe and Japan.
European shares fall over ongoing concerns about Greek debt talks. Banking stocks hit on the day. Fiat shares fall as S&P warns of possible credit downgrade. Glencore set to offer bigger-than-expected premium to buy Xstrata, according to Financial Times. Some 53 percent of Germans want Greece out of euro zone.
Emerging markets are well placed to weather the storm of the sovereign debt crisis currently engulfing the euro zone, and emerging economies are expected to grow by 5.3 percent this year and 6.1 percent in 2013, Pablo Goldberg, global head of Emerging Markets Research at HSBC, wrote in a report.
Investors continue to wait for a solution to restructure Greece's debt; Micron Technology appoints a successor for CEO Steve Appleton, who died in a small plane crash, and Wall Street is cheering the Giants' victory because the Super Bowl predictor shows when a National team wins, stocks go up that year, reports CNBC's Courtney Reagan.
European shares jump after upbeat U.S. employment data. Banks are among the top gainers. January Euro zone Purchasing Managers Index 50.4 vs. 48.3 in December. Greek bailout may have to be $19.7 billion higher. Switzerland probes 12 U.S., European and Japanese banks over lending rates. Greece's 2011 budget deficit will come in smaller than expected. With Yra Harris, Praxis Trading, and Kevin Ferry, Cronus Futures Management.