*Stocks exposed to Russia under renewed pressure. LONDON, March 7- European shares fell on Friday, amid growing tension over Crimea, as investors tried to shield themselves from any confrontation between Russia and Ukraine on the weekend.» Read More
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.
That Santa Rally hasn't materialized as most investors were hoping for as European debt discussions continue into next week. It's a light trading day, but market pros will be watching a few key economic results, with CNBC's Jackie DeAngelis.
In the U.S. the payroll tax standoff ends. Futures are up moderately on light trading. In Europe, the markets are up slightly, as well. Meanwhile, in Asia, trading was light as the markets were mostly up on U.S. growth hopes.
The Chinese Communist party’s vision for the country’s manufacturing industry does not include small family workshops as China’s leaders want the country to stop making shoddy junk and start inventing things. The Financial Times reports.
Fast Money trader, Tim Seymour takes a look at the best plays in emerging market next year.
Markets are mostly up in Europe at the close, although weak U.S. GDP data tempers gains. Banks are among the best performers. Mario Monti's "Save Italy Decree" wins passage. UK third quarter economic growth was faster than expected. German tech company Billsafe is bought by eBay. And Hungary's credit rating is downgraded to junk status by S&P. With J.J. Kinahan, TD Ameritrade.
Emerging markets have underperformed the U.S. markets in 2011. Does this signal a buying opportunity in 2012? Tim Seymour, of Emergingmoney.com, discusses.
Europe is up a day after the ECB's 3-year LTRO. Banks lead the euro zone rally even though funding concerns remain. Italy's Mario Monti faces a final vote on austerity today. The euro is slightly up against the dollar. IAG secures $270 million BMI deal with Lufthansa, mostly for landing slots at Heathrow Airport.
Volume is expected to be light as most traders have left for the holidays. Those who remain will focus on the ECB's Mario Draghi, who's scheduled to speak around 11am Eastern, and the ongoing feud over the payroll tax in Washington, reports CNBC's Jackie DeAngelis.
U.S. futures are up after a mixed session on Wednesday. In Asia, pessimism remains over euro zone debt issues. Technology is still in focus after Oracle's miss. Weak Christmas sales are dragging the retail sector down. Markets are up in Europe a day after the ECB's 3-year LTRO. Banks lead the rise in shares. Markets await final reading on Q3 U.S. GDP. IAG plans to buy BMI from Lufthansa for 172.5 million euros. The sale is seen as positive news for the German airline.
Growth in Asia’s third largest economy looks buoyant from the shores of blighted markets in the west, but India’s ruling-Congress party is firing warning flares from the deck of a listing ship. The Financial Times reports.
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.