European aerospace group EADS has announced plans to cut 5,800 jobs at its Airbus Defence and Space Unit by the end of 2016.» Read More
Weighing in on why confidence has been instilled in the system from the ECB, with Ronald Spogli, former U.S. Ambassador To Italy & San Marino (2005-2009).
CNBC's Phil LeBeau has the story on the uncertainty in Europe could have on business travel. A sever recession in Europe could reduce business travel spending by $88 billion, according to the Global Business Travel Association.
U.S. stock index futures pointed to a sharply higher open for Wall Street, as European shares rallied on the back of economic data that was not as bad as expected. Germany's gross domestic product shrank by less than expected, while the euro zone economy shrank but a north-south divide was evident as France grew while Italy contracted. Banks were leading European stocks up, after BNP Paribas hit its earnings targets and said it saw positive signs for the year.
US Futures point to a higher open for Wall Street after a mixed trading session yesterday. European stocks rose on Wednesday following better-than-feared GDP figures for Germany and France, and as debt-stricken Greece appeared to be nearing a political consensus on painful budget cuts. In Asia markets rose on Greece while comments from China's central bank governor saying Beijing would continue to invest in euro zone government debt aided sentiment.
Mandy Drury reports U.S. markets are in the red, not in honor of Valentine's Day, but because of disappointing retail sales. Gap is up on a Citi upgrade, but Avon swings to Q4 loss and plans layoffs. Financials, including Bank of America, are down today. But Apple is up and, for the moment, worth more than Microsoft and Google combined.
European shares move lower after U.S. retail data disappoints. Solid demand and lower yields are seen during an Italian debt auction. Greek GDP drops by a 7 percent annual rate in Q4. The EU may take action against Spain for delayed austerity measures. Moody's warns it may cut the AAA ratings for the UK and France after cutting Spain, Italy, Portugal, Slovakia, Slovenia and Malta, yesterday. Euro zone finance ministers meet tomorrow in Brussels.
CNBC's Rick Santelli says "While vandals are on the Street corners, the Tea Party conservatives are working state houses, governorships, mayorships, the Senate, the House. If you want to make a difference don't go break windows, break some phony arguments that things like austerity are going to put you in the hole. What put you in the holes is borrowing 38 cents of every dollar you spent."
European markets rose after Italy sold 6.0 billion euros of government bonds on Tuesday, in a sale which analysts said drew solid demand and with yields lower than at previous comparable auctions.
US futures point to Wall Street opening lower today despite a strong day yesterday. European shares are flat on Tuesday after rating agency Moody's put the United Kingdom's triple-A rating in jeopardy for the first time and warned it may cut France and Austria as well, while downgrading six euro zone nations including Spain and Italy. Asian shares also fell, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps to avoid a disorderly default.
Moody's downgrades Portugal, Spain and Italy, and the Greek Parliament passes tough austerity measures. What it means for Greece and all of Europe, with Jeffrey Frankel, Harvard University.
“Just because a story is big news, that doesn't necessarily mean it's important to the stock market,” Cramer said Monday.
Boris Schlossberg, Director of Currency Research at GFT discusses his outlook for the euro.
Strategies for investing in Europe, with Stephen Peak, Henderson Global Investors, a 5-star rated fund that's up 18 percent year to date.
Is now the time to buy the euro? The Fast Money team weighs in.
U.S. markets up slightly on the day, but are off their best levels, as traders try to determine whether the Greek deal is for real. The S&P nears the 1350 level. Financials lead the markets higher. Apple crosses over $500/share, but pulls back slightly. Google expects to win approval for its $12.5 billion purchase of Motorola Mobility.
U.S. Treasuries should bear the brunt of rising interest rates, so think TIPS and ultra-short funds.
The markets are "way ahead" of the events on the ground in Greece, says David Woo, BofA Merril Lynch Global Research: "I'm not even sure Greece matters anymore," he says. So what should investors keep a lookout for?
US stock index futures signaled a higher open for Wall Street on Monday, after Greek lawmakers voted a bill bringing more austerity to the country in order to ensure it gets a second bailout from the International Monetary Fund and the European Union. European shares also rose with the FTSE Eurofirst 300 gained 0.4 per cent as the banking sector added 1.2 per cent.
US futures point to a higher open for Wall Street. Banking shares led European stocks higher early on Monday after the Greek parliament approved measures needed to secure an international bailout and avoid a chaotic default that would dent market confidence in the euro zone. Asian shares also gained though most of the recent optimism appeared to have been already priced in.
Will the Greek debt deal unravel before Sunday's parliament vote? Charles Kupchan, Council On Foreign Relations senior fellow, provides perspective.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
U.K. satellite operator Inmarsat launched the world's biggest commercial space operation over the weekend as part of a new telecoms network. Inmarsat CEO Rupert Pearce joins CNBC to discuss.
Antonio Garcia Pascual, chief euro area economist at Barclays, explains why the bank is overweight Europe and emerging markets and underweight the U.S.
Renowned investor Slim Feriani, the CEO of Advance Emerging Capital, tells CNBC why he likes riskier frontier markets best at the moment.