Discussing how to trade geopolitical concerns, with Jack Bouroudjian, Index Financial Partners, and Kenneth Heebner, Capital Growth Management. Bouroudjian calls today selloff a large global margin call.» Read More
Stocks are posting modest losses on the back of a huge rally. Discussing whether a Santa Claus rally is still in the cards, with Stephen Wood, Russell Investments and Jason Pride, Glenmede.
Investors can blame Europe for choking off stock market gains in 2011. But there’s a growing list of geopolitical flashpoints lurking in 2012—and any one of them could pose a risk to stocks.
Dan Greenhaus, chief global strategist at BTIG, explains why he's "cautiously cautious" about the markets going into 2012. "While we're focusing entirely on Europe, somewhat under the radar we've introduced an extraordinary level of uncertainty by way of the payroll tax expiration."
The U.S. markets are moderately lower, as volume gets lighter toward the end of the year. Oracle earnings weigh heavily on the Nasdaq, as the company misses earnings for the first time in a decade. Housing related stocks are mixed even though sales of previously owned homes rise in November. And RIMM shares jump on report that the company has rebuffed takeover talks.
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.
Scott Black, Delphi Management, says markets are news-driven and "schizophrenic."
Investors are sitting on tons of cash. Does that mean the deal market will be ripe in the next year? Mark Gallogly, Centerbridge Partners, says the overall environment for next year is promising due to Fed stimulus and better economic data.
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.
What to expect for the markets in 2012, with Nariman Behravesh, IHS, and John Brady, R.J. O'Brien.
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.
The ECB is expected to report strong demand for an offer of unlimited three-year loans after banks were urged to take the funds as part of concerted efforts to ease severe strains across the euro zone’s financial system. The FT reports.
European stocks were called to open higher on Wednesday tracking Asia where shares and the euro rose overnight following positive economic data out of the US and Germany.
Famous economist Nouriel Roubini, credited for predicting the financial crisis, made a plea to policymakers to take the tough action needed to address current economic problems, in an article published on the Financial Times' website.
Frances Cheung, Fixed Income Strategist,Senior Strategist, Asia at Credit Agricole CIB discusses the risks South Korea faces in the aftermath of Kim Jong Il's passing.
Nick Ferres, Investment Director, Global Asset Allocation at Prudential Asset Management highlights two key themes for 2012 - there will be a slowdown in the global economy, and secondly, we may witness the potential breakup of the euro zone.
Our success rate on these calls – where the index or price moved to reach the targets identified in the article – was 70.29 percent
CNBC's Brian Shactman reports on Tuesday's rally, fueled by better-than-expected housing numbers, and discussing whether this is a last minute Santa Claus rally, and how investors should position their portfolios, with Keith McCullough, Hedgeye Risk Management, and Lawrence Glazer, Mayflower Advisors.
Mad Money host Jim Cramer shares his final thoughts on the FXE, which is the barometer Cramer uses to measure the strength of the euro.
Mad Money's Cramer takes a look at the spectacular growth in high-end spirits, with Ken Austin, Tequila Avion CEO.