Xavier Rolet, CEO of LSE, comments on the exchange's full-year earnings, the U.K.'s "excellent" IPO performance in the past 12 months and the government's repeal of the financial transaction tax.» Read More
CNBC's Mandy Drury reports on the U.S. markets giving up earlier gains, led lower by materials and energy stocks. Bernanke mentions job market far from normal. GDP expands at 3 percent pace. GM and Peugeot Citroen agree to form alliance. And James Murdoch steps down as executive chairman of News International.
CNBC's Mandy Drury looks at the U.S. markets, which are up on the day, driven by a slew of economic data. The Dow is holding above 13,000 and the Nasdaq flirts with 3,000. Homebuilder Hovnanian is higher by 1 percent on the day. And AutoZone and Domino's are both up on strong earnings. Banks on regulators' problem list falls in Q4.
European markets close higher after a choppy session. Portugal passes bailout review by troika. European bank stocks are down ahead of Wednesday's ECB cash injection. Ireland to hold referendum on new EU fiscal treaty. Borrowing costs fall at Italian auction of 10-year debt. With Daniel Stecich, TJM Institutional Services, and Steven Ricchiuto, Mizuho Securities.
CNBC's Mandy Drury reports on the slow start for U.S. markets, which have since recovered. Oil drops this morning, even though it's approaching $110/barrel. Oil-related firms higher on the day. Nine of ten S&P large-cap sectors trading lower.
European shares extend losses on cautious comments by Merkel regarding Greece. Banking stocks are among the day's top losers. Yields fall sharply at Italy's auction of 6-month bills. The German Parliament votes to approve of the Greek bailout package. Treasury Secretary Geithner says Europe has lowered the risk of catastrophe. And the ECB buys no government bonds for second straight week. With Joe LaVorgna, Deutsche Bank.
CNBC's Mandy Drury reports the U.S. markets are up on the day, as the Dow again crosses the 13,000 threshold. The Michigan Consumer Sentiment survey has risen for six straight months. Gap Q4 earnings plunge 40 percent. Kenneth Cole is up on the day on news that Kenneth Cole is looking to buy the rest of the company. And Netflix announces it has no plans to bring its service to the Blackberry Playbook.
European shares mostly higher on positive earnings results. Euro zone banks among the best gainers as they benefit from ECB's LTRO. Deutsche Bank shares jump as Merrill upgrades stock to buy. Lloyds Banking reports $5.5 billion loss and gives a gloomy outlook. German economyy contracts by .2 percent in Q4. Fiat may shutter two European plants if U.S. export plans fail. Draghi says euro zone on the mend after a weak end to 2011.
CNBC's Mandy Drury reports the U.S. markets are up after U.S. jobless claims hold steady at a 4-year low. Sears shares surge as investors cheer its revamp scheme. HP, on the other hand, sees profit tumble 44 percent. Boston Beer shares are also lower on a lackluster 2012 earnings outlook. And JD Power raises 2012 U.S. auto sales forecast.
European markets mixed after U.S. labor data. German business sentiment hits 7-month high. Greek Parliament approves private sector debt swap deal. Commerzbank earnings take $927 million Q4 hit on Greek debt. Royal Bank of Scotland full-year loss grows 78 percent on Greek debt. Euro zone economy to shrink in 2012, according to the EU. Spain, Italy, Portugal and Germany down for the third straight day.
CNBC's Mandy Drury reports U.S. markets are down after hitting 13,000 yesterday. Dell is hit after yesterday's earnings miss. HP earnings come later today. Toll Brothers is down on the day after loss. Garmin shares jump after better-than-expected profit. And Apple is down on the day after Chinese firm tries to stop sale of iPads due to trademark infringement.
European markets close down on weaker than expected economic data. Markit Euro Zone PMI 49.4 (February) vs. 50.4 (January). Unresolved issues related to Greek bailout weigh on sentiment. Euro zone banking index falls about 2.5 percent, but still up 16 percent on the year. Fitch cuts Greece debt rating to C from CCC, says default "likely." Also, German manufacturing and service sectors slow in February. And a Greece Parliamentary Committee votes to approve debt swap bill. With Bob Baur, Principal Global Investors.
The Dow passes 13,000 and falls back, reports CNBC's Mandy Drury. Time will tell, she says, where the market goes from here. The Dow hasn't hit 13,000 since May 2008. Gasoline the highest it's ever been this time of year. Home Depot shares hit highest level since May 2002. Wal-Mart shares are lower, however, as Q4 net falls 15 percent due to higher costs.
European shares remain lower, even as the Dow breaks the 13,000 mark and the Greeks reach a bailout deal. Euro zone finance ministers seal $172 billion bailout for Greece. Spanish T-bill yields fall sharply at first auction following Greek deal. And UK public finances post biggest monthly surplus in four years.
With markets closed in the US for the Presidents' Day holiday, the focus was firmly on Europe and the afternoon meeting of euro zone finance ministers with a positive resolution being increasingly priced in by investors. European shares closed up on expectations that Greece will get its second bailout, and after China cut the amount its banks must hold in reserve.
David Darst, Morgan Stanley Smith Barney, and Todd Buchholz, Fmr. White House Director of Economic Policy, eye the Dow as it nears the 13,000 level.
The U.S. market is being spurred by better economic news, and a look at the stock moves today, including Apple losing steam in China; Gilead Sciences shares dropping after patients being treated with its hepatitis c drug have had relapses, and Google is slightly lower on a Wall Street Journal reporting the company bypassed Apple browser privacy preferences, reports CNBC's Amanda Drury.
European stocks rise on renewed hopes for a Greek bailout and CNBC's Michelle Caruso-Cabrera takes a look at the timeline of Greece's race to make the March 20th debt payment and CNBC's John Harwood has the details on the House passing the payroll tax cut extension, and the CNBC news team take a look at the global market movers on the last trading session of the week.
CNBC's Mandy Drury looks at the U.S. markets, which are up on strong economic data. Moody's bank downgrade threat has a slight impact on some U.S. banks. GM earns record profit of $7.6 billion for 2011. Marriott says room rates have risen in most areas of the world. Amazon is downgraded by Morgan Stanley and is down today, as a result.
European markets come off lows after good U.S. economic data. Unemployment in Portugal jumps to 14 percent in Q4. French yields fall below 1 percent at 2-year note sale. Greece's far right Laos Party reportedly won't commit to austerity measures. Polls show 40 percent of Greeks support anti-austerity leftist parties. Greece says it hopes to wrap up bailout agreement by Monday. With Art Nolan, independent trader.