Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.» Read More
Sharing insight into recent weakness in the Swiss franc and strength in commodity plays like the Australian dollar, with George David, RBC Capital Markets. Also, the FMHR traders report pops and drops in today's market.
The global markets. European stocks rise to a two-week high, although volume is extremely light heading into the holiday. Moody's keeps Austria's AAA rating with a stable outlook. Ten-year Italian bonds remain near 7 percent -- Italy will hold a series of bond auctions next week. Greece must decide whether it will take a 70- or 50-percent haircut. And a decision on European downgrades will come in January, according to S&P. With Dan Greenhaus, BTIG chief global strategist, and Stephen Weiss, Short Hill Cap
Mark Mobius, Templeton Emerging Markets Group, discusses why Europe could emerge out of its debt crisis by June, 2012.
U.S. futures are up the last trading day before Christmas and a day after the House agrees to accept Senate terms on the payroll tax cut. In Europe, the markets rally into the holidays. The euro is slightly up against the dollar.
In the U.S. the payroll tax standoff ends. Futures are up moderately on light trading. In Europe, the markets are up slightly, as well. Meanwhile, in Asia, trading was light as the markets were mostly up on U.S. growth hopes.
A slew of encouraging economic data sent stock climbing on Thursday. Have the bulls returned to Wall Street? Jeffrey Kleintop, LPL Financial; Jim Iuorio, TJM Institutional Services; and Jeffrey Frankel, Harvard University professor, discuss.
U.S. markets gain on lower initial jobless claims, higher consumer confidence and falling gas prices. U.S. Q3 GDP was revised down to 1.8 percent from 2 percent, though. American Greetings falls 37 percent on higher marketing costs. And Wendy's beats out Burger King to become the 2nd largest fast food chain.
Markets are mostly up in Europe at the close, although weak U.S. GDP data tempers gains. Banks are among the best performers. Mario Monti's "Save Italy Decree" wins passage. UK third quarter economic growth was faster than expected. German tech company Billsafe is bought by eBay. And Hungary's credit rating is downgraded to junk status by S&P. With J.J. Kinahan, TD Ameritrade.
Better economic data could be a sign that moderate economic growth is ahead in 2012, with Gary Thayer, Wells Fargo Advisors. He also explains why the chances of another U.S. recession is just 35% and adds, 'I do think the equity markets are a good place to be, particularly the domestic equity markets.'
The U.S. will surprise on the upside in 2012, says Jeremy Siegel, The Wharton School. Ann Winblad, Winblad Venture, and Bill Gross, PIMCO, also weigh in.
Europe is up a day after the ECB's 3-year LTRO. Banks lead the euro zone rally even though funding concerns remain. Italy's Mario Monti faces a final vote on austerity today. The euro is slightly up against the dollar. IAG secures $270 million BMI deal with Lufthansa, mostly for landing slots at Heathrow Airport.
U.S. futures are up after a mixed session on Wednesday. In Asia, pessimism remains over euro zone debt issues. Technology is still in focus after Oracle's miss. Weak Christmas sales are dragging the retail sector down. Markets are up in Europe a day after the ECB's 3-year LTRO. Banks lead the rise in shares. Markets await final reading on Q3 U.S. GDP. IAG plans to buy BMI from Lufthansa for 172.5 million euros. The sale is seen as positive news for the German airline.
Will cheap loans from the ECB rescue Europe's bank from its mounting debt problems? David Goldman, Macrostrategy.com, weighs in.
Mad Money host Jim Cramer shares his final thoughts on Europe's pseudo-elegant solution to Italy's banking problems.
Predicting the market outlook for 2012, with Nick Raich, Key Private Bank director of research and Rex Macey, Wilmington Trust chief investment officer.
CNBC's Brian Sullivan lays out the ECB's bold move for a long term refinancing operation, or LTRO, in Europe.
Sharing perspective on whether investors should bet on the United States market for the new year, with Uri Landesman, Platinum Partners president and Hugh Johnson, Hugh Johnson Advisors chairman/CIO.
Insight into the backdoor bazooka for Europe and his neutral call on gold, with Dennis Gartman, The Gartman Letter.
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.