Ukraine's opposition accused President Viktor Yanukovich of betraying national interests after talks with Russia, though both countries said nothing had been agreed.» Read More
European stocks rise, then sell off. A total of 523 banks borrow 489.2 billion euros in ECB funding, well above expectations. Banks likely to use most funds to pay down existing debt. Red Hat and Oracle misses weigh on tech stocks. Slow and painful 2012 ahead for Europe, according to SocGen economist. The MF Global U.S. trustee pursues $700 million in the UK. HSBC sells Japan private bank to Credit Suisse. UK consumer morale falls to its lowest level in nearly three years. With Dan Greenhouse BTIG chief global strategist.
European markets are up as the ECB lends out 489.2 billion euros in first-ever 3-year lending operation, well ahead of the 310 billion euro expectations. Banks are higher on the day, while the euro is volatile following the ECB allotment. And the Bank of England votes to hold the bank rate unchanged at .5 percent.
Traders watch Europe, but volume is light heading into the holiday. November existing home sales numbers come out at 10am, while at 1pm there's a 7-year note auction. And after the bell, earnings from Micron and Bed, Bath & Beyond. With CNBC's Jackie DeAngelis.
Futures are up in the U.S. this morning. Europe is up as banks trade higher. The ECB plans to hold its first 3-year liquidity operation today. Italian GDP contracts .2 percent in the 3rd quarter. Italian and Spanish yields fall ahead of ECB 3-year LTRO. The Bank of England's MPC voted 9-0 to hold bank rate unchanged at .5 percent in December. China stocks fall despite pension fund injection reports. And Taiwan equities near a two-week high on government's funding pledge.
Many traders are seeing U.S. assets as safe havens, but how should you prep your portfolio for the new year? Sharing perspective on international equities, with David Nadel, Royce Funds and John Manley, Wells Fargo Advantage Funds.
European shares post gains after upbeat U.S. housing data. Short-term yields plunge in the latest Spanish Treasury bill auction and German business sentiment posts an unexpected rise. The Greek Finance minister announces the country is close to a deal with private creditors. Bank stocks are among the best European performers on the day and health care stocks slide on bearish news for two Astrazeneca drugs. In the U.S., builders are up, as are utilities. With Patrick Arbor, Shatkin Arbor, James Keenan, BlackRock, and Mike Murphy, Fast Money trader.
Asia is mixed following yesterday's news of Kim Jong il's death. In the U.S., traders watch Europe, again. The House is expected to reject the Senate version of the payroll tax cut. And Nike and Oracle report earnings after the bell, with CNBC's Jackie DeAngelis.
Spain sold more than its maximum target of Treasury bills Tuesday as borrowing costs declined and demand soared. Meanwhile strong German IFO data boosts the euro.
U.S futures begin the day up. Bargain hunting in Asia brings mixed day to markets as investors remain cautious over the euro zone. The market in Britain is lower but the rest of Europe is up as yields for short term Spanish bonds plummet. The euro gets a boost from better-than-expected German IFO data. Deutsche Telekom is down after AT&T announces it's pulling out of its $39 billion bid to acquire T-Mobile USA.
Despite depressing emerging market investments for 2011, lower prices may be a good deal in the long run. Geoffrey Dennis, Citi global emerging market strategist, weighs in.
European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.
Japan, the US and the UK will retain zero interest rates policies until at least early 2014, according to a December report by Swedish bank SEB.
The European markets await euro zone news but rebound after a slow start. Italy's markets have a strong day and the UK struggles to get back into positive territory. Swedish Auto is down by 66 percent after Saab files for bankruptcy. And the euro is under pressure as the ECB announces it will launch a 3 year liquidity operation on Wednesday.
U.S. futures are mixed. More gainers than decliners in Europe even though Fitch says a solution to the crisis is technically and politically beyond reach. The ECB announces plans to launch a 3 year liquidity operation on Wednesday. The death of North Korean leader Kim Jong il shakes already nervous Asian markets, as his son Kim Jong un takes over.
A look at some hidden emerging market winners, despite the 20% decline for the BRICs in 2011, with CNBC's Amanda Drury. JPMorgan Adrian Mowat's also reveals your emerging market itinerary for 2012.
China manufacturing data, export activity point to a slowdown in China. Should investors be concerned? David Riedel, Riedel Research Group, Tim Seymour, Emergingmoney.com, discuss.
Emerging markets offered a good deal of opportunity, even as Europe faces ongoing economic troubles, one “Fast Money” pro said Friday.
Sharing investment advice for trading the globe, with David Riedel, Reidel Research Group founder/president.
European shares are mixed in thin trading. Mining shares rally along with metal prices. Monti wins Italian confidence vote on austerity measures. The EU and IMF break off informal aid talks with Hungary. Britain says it plans to attend talks on a European fiscal pact. And a vote to withdraw German support for ESM fails. With JJ Kinahan, Think or Swim.
Miners lead European shares higher. Bank stocks react to the Fitch downgrade with something of a yawn. Yields fall across the board in the bond markets. Monti faces an Italian confidence vote on austerity and the euro rebounds slightly.