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US futures point to Wall Street retreating 0.4 per cent from a six-month peak. European shares rose on a rally in banks boosted by a report saying that France and Germany are calling for a relaxation of global bank capital rules. Asian shares and the euro paused from last week's rally on Monday as investors sweated on the progress of crucial Greek talks on a debt swap deal to avoid a default, while activity was subdued due to the Lunar New Year holiday in much of Asia.
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CNBC's Seema Mody reports the U.S. markets are mixed. Industrial and consumer discretionary stocks weigh on the markets after GE posts a bigger than expected revenue drop. Tech stocks help lift markets, in spite of yesterday's Google miss.
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European markets are mixed as investors focus on corporate earnings and wait for news out of Greece. Europe's volatility index are near a six-month low. Mario Monti introduces "Grow Italy" initiative. Copper dips on weak manufacturing data from China. With J.J. Kinahan, TD Ameritrade.
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US stock index futures pointed to a mixed open for Wall Street, with Greece still locked in talks with private creditors over a haircut on some of its bonds and ahead of earnings by market bellwether General Electric. European shares have retreated from recent highs, with tech stocks very much in focus, but showing mixed performances.
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S&P 500 futures suggest Wall Street will pull back fractionally from near 6-month highs with Google being the only real disappointment in earnings. European shares retreated today from their 5-1/2-month highs in the previous session as major stock index neared an "overbought" territory. Asian shares rose to fresh two-month highs as solid euro zone sovereign debt sales and signs that Greece may be nearing a vital debt-swap deal eased concerns over Europe's refinancing capability, boosting appetite for riskier assets.
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CNBC's Mandy Drury reports on the U.S. markets, which started up but have since pared some early gains. Financials are up today and up 8 percent year to date. Kodak files for bankruptcy protection. China's short-term lending rates fall sharply. And Moody's boosts Indonesia's credit rating to investment grade for the first time in a decade.
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Market rally on U.S. banks and better euro zone sentiment. There was strong demand for Spanish and French bonds today. The dollar and euro gain on the sell-off in the Japanese yen. Italy's Monti intends to push Italian growth agenda. And Portugal's finance minister says there's "significant" foreign investor interest in its T-bill sale. With John Brynjolfsson, Armored Wolf.
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U.S. futures are down slightly ahead of a big day for economic news. Strong demand for French and Spanish bonds boosts markets in Europe. Spain sells 6.6 billion euros of government debt. French BTAN sales see solid demand, as well. Successful bond auctions drive the euro higher.
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U.S. futures look to open in the red. Markets in Europe were mixed, although advancers outpace declines. Spanish and French bond auctions see strong interest. The Euro dips slightly after the auctions, even though Spain sold 6.6 billion euros worth of bonds, more than planned. Crude prices rise on hope of progress in the euro zone. In Asia, markets are higher following Wall Street's good day and the IMF funding plan. And Aussie shares are near flat on a surprise fall in December jobs data.
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As the markets in Europe close, CNBC's Simon Hobbs discusses the state of French, British and German markets.
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U.S. markets are up on better than expected economic data from the U.S. and China. Bank stocks are mixed, as Wells Fargo is up, which Citi and Morgan Stanley are down at mid-day.
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Markets in Europe close on the upside today, after good news on China GDP and a solid bond auction in Spain. The euro is up against the dollar. In the U.S., the Citi conference call indicated significantly weaker investor activity in December, mostly due to fears about Europe. And natural gas is hit again -- too much of it and not enough demand. With Joe Terranova and Jon Najarian, Fast Money traders.
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European shares advanced further after an auction of Spanish short-term debt showed strong demand and falling yields. Earlier today higher than expected growth in China pushed stocks in Europe and Asia up. US stock index futures also pointed to Wall Street opening sharply higher after the long weekend.
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US equity futures suggest Wall Street will open sharply higher with the Dow up by 140 points. European shares are also up, hitting a five-month high, with miners gaining from slightly better-than-expected Chinese GDP data. China's GDP data and government efforts to bolster the stock market have triggered a 4.2 per cent surge in Shanghai and a broad rally across Asia.
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Italy’s prime minister has pleaded for Germany and other creditor countries to do more to help lower his country’s borrowing costs, warning there would be a “powerful backlash” among voters in the euro zone’s struggling periphery if they did not, the Financial Times reports.
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U.S. markets closed for the Martin Luther King, Jr. holiday. Greek default seems more likely after talks break down. The European markets are mostly up, even after last week's S&P downgrades. Autos, technology and basic resources among the market leaders. Reuters reports the ECB will step up its bond buying program.
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Piers Curran, head of trading at Amplify Trading, told CNBC, "this divergence between these two geographical areas is going to get wider and the earnings this week from the US will prove that further."
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European stocks were down this morning showing a muted reaction to the mass credit downgrade by S&P of nine euro zone countries. Asian shares fell on fears that the rating cuts would further aggravate the euro zone funding difficulties and threaten to derail progress in resolving the debt crisis. Main U.S. markets are closed for the Martin Luther King, Jr. holiday.
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CNBC's Michelle Caruso-Cabrera sits down with Greek Prime Minister Lucas Papademos to discuss the country's ongoing negotiations with the private sector and Greece's place in the euro zone.
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The U.S. markets are off the lows of the day, but still down on European downgrade concerns. Jamie Dimon blames regulatory activities for hampering bank's business. Jefferies raises Safeway from hold to buy. And Gizmodo says Microsoft's Bing is better than Google, with CNBC's Mandy Drury.