NEW DELHI, Dec 6- A recovery in the rupee is giving India's Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill.» Read More
In the UK, stocks are down. In Italy, insurers lead the way. Overall, construction and industrials are among the best performing European sectors. Euro pressure continues, although the European currency recoups some losses after hitting a 15-month low yesterday. European stocks are set for their worst yearly performance since 2008. And Spain's new prime minister expected to announce billions in new spending cuts.
Futures are down early. Light volume expected on the final trading day of 2011. Utilities the best sector of the year, while financials were the weakest. Looking ahead to 2012 as the euro remains in focus. Meanwhile, oil sits just below $100/barrel, with CNBC's Jackie DeAngelis.
U.S. futures are down going into the last trading day of 2011. Asian markets are mostly higher on the day, buoyed by signs of improvement in U.S. data. Shanghai shares rise for second straight day. The Nikkei drops 18 percent for the year. In Europe stocks are mostly up even though they're set to record the worst yearly performance since 2008. On the euro's 10th anniversary, it's down against the dollar, and the dollar is down against the yen.
European shares gain after Italian bond auctions and upbeat economic data in the U.S., with CNBC's Michelle Caruso-Cabrera, Bob Pisani & Rick Santelli; Michelle Meyer, BofA Merrill Lynch Global Research; and James Koutoulas, Typhon Capital Management CEO.
European markets are slightly up as the Italian 3-year bond yields 5.62 percent, while the 10-year yield falls to 6.98 from 7.56 for November's auction. Euro pressure continues, with no respite from Italian auction. Chemicals, basic resources among leading European sectors.
A look at the U.S. markets ahead of the open, with CNBC's Jackie DeAngelis, who reports that traders will be keeping their eyes on economic data out this week, including jobless claims, PMI and pending home sales. Also in the spotlight today: the Euro and oil prices.
U.S. futures are mixed this morning. In Europe, slim gains as markets look to respond to today's 8.5 billion euro Italian 3- and 10-year bond auction. Yields are lower than in November. The euro is down against the dollar. In Asia, markets are also looking to the Italian auction. The euro/yen hits a decade low. And the Shanghai Composite is slightly higher.
Goldman Sachs reports Brazil, Russia, India and China may have peaked. Joyce Chang, JPMorgan head of emerging markets and global credit research weighs in.
Stocks are taking a hit today on light volume, so what should investors expect headed into the final trading week of the year? Kim Caughey Forrest, Fort Pitt Capital Group, and Frederic Dickson, Davidson Companies, discuss.
The euro dragged stocks lower despite the better-than-expected Italian debt auction Wednesday, with CNBC's Carl Quintanilla, Melissa Lee & Bob Pisani.
U.S. futures are mixed. In Europe, stocks are up in light trading after a successful Italian short-term bond auction. Funding costs are sharply lower in Italian auction.
Italy sells billions in six-month government bonds as strong reception for Italian notes cut yields in half, reports CNBC's Julia Boorstin, who also has the details of Comscore's recent report, which reveals online shopping rose 15 percent through the 2011 holiday season.
U.S. futures are mixed this morning. In Europe, the markets respond to Italy's 9 billion euro, 6-month Treasury bill auction -- the average yield is set at 3.251 percent. Italy plans to auction 8.5 billion euros in 3- and 10-year bonds Thursday. The German 2-year Shatz yield hits a record low. Very thin trading in Asia, as investors search for bargains. Most Asian stocks drop on European debt concerns. And China shares are flat after reversing earlier losses.
Sharing perspective on whether 2012 will be a better year for investors, with Bob Pavlik, Banyan Partners, and Sandy Lincoln, BMO Asset Management.
Yield on the Italian 10-Year is up some 7% ahead of Thursday's bond auction, with CNBC's Melissa Lee, Bob Pisani & Carl Quintanilla.
Trading the globe to find opportunities in emerging markets, with David Riedel, Riedel Research Group.
U.S. futures are mixed early, following the holiday. Europe is slightly up on very thin trading. Italy prepares to auction 8.5 billion euros in bonds on Thursday. The Shanghai Composite is off 22 percent this year. And the euro is just above its 11-year low against the dollar.
Looking for a continuation of the Santa rally in the U.S. Trading in Europe and Asia is light following the holiday. And most traders still see Europe as a major threat to the worldwide economy, with CNBC's Julia Boorstin.
U.S. futures trading will resume at 6am after the holiday. The U.K. market is closed today. Italy plans to auction 8.5 billion euros worth of bonds this week. The euro holds above its 11-month low. Asian markets post losses in thin trade as investors await U.S. data. The Shanghai Composite hits a three-year low on liquidity worries. And the Nikkei-225 is on track for double-digit losses for the year.
Are emerging markets a buying opportunity or a signal of trouble ahead? Talking a technical look at what the charts indicate, with Chris Verrone, Strategas Research Partners and Peter Boockvar, Miller Tabak.