BERLIN, May 24- Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.» Read More
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.
CNBC's Mandy Drury reports the U.S. markets are positive, for now. The lower dollar and stronger euro are helping push things today. Financials, industrials and materials are all higher. Adobe is up after a good earnings report, but Zynga fell below its $10 IPO price in early trading. Meanwhile, things continue to be Rough for RIMM after it delays its remake till the end of 2012.
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.
U.S. futures are up following yesterday's gains. European shares rise, led by mining stocks. Fitch downgrades Goldman Sachs, Deutsche Bank, Credit Suisse, BNP Paribas and Barclays. The euro is off its 11-month low. Italian PM Monti faces a confidence vote on a 33 billion euro austerity package. And gold rebounds while crude stays steady. In Asia, better-than-expected U.S. economic data lifts the markets in a mixed session.
The U.S. markets are positive on the heels of positive economic data that's outweighed the negatives from Europe. The only cautious note is that while manufacturing is improving, U.S. companies are staying lean.
European markets have a mostly green day after upbeat U.S. economic data -- insurance stocks are among the day's best performers. Credit Agricole falls after Fitch downgrades its long-term rating. Italy calls for a Friday confidence vote in effort to speed up austerity passage. And the IMF's Christine LaGarde says the world economic outlook is "quite gloomy" and requires action by countries outside the EU. Henry McVey, KKR head of global macro and asset allocation, discusses his investment strategy for a tu
European markets rebound, although euro zone concerns remain. Manufacturing data continues to contract. Meanwhile, Spain finds strong demand for bonds even as yields on the 5-year fall. And the euro hits an 11-month low against the dollar.
U.S. futures are up across the board. European manufacturing data continues to contract. Spain sells more than 6 billion euros of government bonds. The euro hits an 11-month low against the dollar. Gold is up slightly today but still down for the week. And Asian markets continue to slide on concerns over Europe and weak economic data.
CNBC's Mandy Drury reports on the third consecutive day in the red for U.S. markets, which have their biggest three-day drop since Thanksgiving week. Investors struggle to shake European concerns, as a stronger dollar slams commodities and energy companies take it on the chin. And First Solar is the biggest loser on the S&P today after it slashes earnings and sees a weak 2012.
Growth worries drag European shares lower as market losses accelerate near the end of the trading day. German Chancellor Angela Merkel again rebuffs pressure for the ECB to intervene decisively. Italy sees a record-high yield of 5.47 percent at a 5-year bond auction. State Street quits as the UK primary dealer. Automakers, miners, and other cyclical stocks are among the day's worst performers. Peter Baum, Essex Manufacturing, talks about the impact of Europe on China with CNBC's Gary Kaminsky. And oil falls along with the euro.
Europe finds a low point even though a short-lived gain follows a successful German bond auction. An Italian auction yield sets new euro-era high at 6.47 percent. Mario Monti speaks in the Italian Parliament today, and says German Chancellor Merkel believed the EU agreement would calm markets. And the euro/dollar hits an 11-month low.
U.S. futures look higher, even after global weakness. German and Italian bond auctions help the European markets. Oil slips ahead of the OPEC meeting. And in Asia, markets slide on choppy trade in Europe and Fed anxieties. The focus continues to be on Europe.
After yesterday's drop, the U.S. markets are positive, although German Chancellor Merkel's comments about not increasing the size of the bailout fund have taken out some of the steam. Energy shares are among the leaders, while Best Buy is down as it slashes prices to drive sales in a very competitive market, with CNBC's Mandy Drury.
The European rally fades as German Chancellor Angela Merkel reportedly rejects a bailout fund increase. Oil and gas stocks are among best performers in Europe. U.K. inflation hits an annual rate of 4.8 percent. The euro falls below a key level. And Moody's puts 8 Spanish banks on review for a possible downgrade, with CNBC's Simon Hobbs, Bertha Coombs, Rick Santelli, Gary Kaminsky, Melissa Lee and Stephen Weiss, Short Hills Capital.
Europe is back to its best levels of the day after a Spanish T-bill auction sees higher demand and lower yields than expected. Also, will Commerzbank need state aid?
U.S. futures look more positive today after a tough day yesterday. Europe is mostly up following a successful Spanish debt auction. And Asia is off again over credibility concerns over the European debt solution.
U.S. markets have a rough start to the week, mostly due to skepticism over European solutions to the region's debt crisis. Intel cuts its Q4 outlook on lower PC production, due mostly to hard drive shortages. And financials follow European banking stocks lower, with CNBC's Mandy Drury.
European stocks sink on concerns the EU summit did not do enough to address the euro zone debt crisis. Italian borrowing costs remain near record highs in a 1-year note auction, and the Dax closes at its lowest level this month.
Soon after taking the reins of MF Global in 2010, Jon S. Corzine visited the Wall Street firm’s Chicago offices for the first time, greeting the brokers, analysts and sales staff there, the New York Times reports.