German business morale rose far more than expected in May, suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.» Read More
A look at how currency traders are preparing themselves after the S&P warning that a credit downgrade could be on the horizon for some of Europe's AAA-rated sovereigns, with Andy Busch, BMO Capital Markets.
The price of oil drops to its lowest level this month, with John Hofmeister, Shell Oil former president/CEO of U.S. operations, who discusses why concerns in Europe are weighing so heavily on oil prices.
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
The Squawk on the Street news team take a look at the day's market moving headlines, including FedEx's increase in international domestic shipping, oil and gold's steep sell off, and euro crisis fears continuing to bubble.
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.
US stock index futures pointed to a slightly higher open despite growing concerns that the euro zone treaty on fiscal integration may be delayed and as investors await domestic economic data for an indication of the direction of the US economy in 2012.
Will European debt concerns continue to spook the markets next year? Rob McIver, The Jensen Fund, and Ted Parrish, Henssler Equity Fund, discuss.
Gold takes a big hit, as concerns over the euro drive down commodities, with CNBC's Sharon Epperson.
CNBC's Michelle Caruso-Cabrera reports the euro's downward move is yet another signal the markets don't believe Europe has a handle on its economic problems.
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.
How to trade the euro as it moves lower, with Todd Gordon, Aspen Trading Group co-head of research/trading.
"I don't think the Europeans are anywhere near a debt solution," says Steven Rattner, former managing director, Credit Suisse/former Car Czar, who explains why the U.S. markets are heavily driven by Europe.
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.
Analysis on how European debt issues are impacting markets, with Julian Callow, Barclays Capital chief European economist, who adds that it is likely that the IMF will expand reserves.
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.
Peter Morici, Professor, Robert H. Smith School of Business at University of Maryland says that if Europe starts to unwind significantly, it is highly likely that the US will implement QE3.
Benjamin Pedley, Head of Investment Strategy, North Asia at HSBC Private Bank is expecting ECB quantitative easing in a few months' time, and says this will be the 'bang' markets are waiting for.
China and Brazil face opposite problems and should take tips from each other, according to Capital Economics.
News that the Swedish capital of Stockholm has been hit by three nights of rioting has come as a surprise.
Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move to lighten their tax burden.
Harry Tchilinguirian, head of commodities market strategy at BNP Paribas, tells CNBC that continued QE by the US Fed, a pickup in the Chinese economy and a continued squeeze on Iranian production will drive oil up.
Louisa Bojesen takes you through the European market close, where stocks have come in lower.
Carlos Caicedo, head of Latin America at Exclusive Analysis, tells CNBC that Brazil has already had one trillion of investment in preparation for the World Cup and Olympics.