This weekend is the one Europe's Christmas tree industry has been working so hard for all year.» Read More
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.
Unless we get something substantive from Europe in the next 48 hours, says Mad Money's Jim Cramer, be prepared to raise some cash and keep up your defensive game.
Will European debt woes continue to pose a risk for the U.S. economy? Perspective on the economy, jobs and the current situation in Europe, with Chris Thornberg, Beacon Economics, and Chris Rupkey, Bank of Tokyo-Mitsubishi.
Highlights from the CNBC broadcast day, including a look ahead to next year's stall in Europe while growth continues in the U.S., and a search for clarity.
What does the Federal Reserve's statement today mean for the markets? Carl Lantz, U.S. Interest Rate Strategy Group and Wilmer Stith, MTB Intermediate Term Bond Fund weigh in.
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.
Alex Donohue, spokesman for Ladbrokes, tells football fans how he thinks they should place their bets for Next Year's World Cup.
Nick Stone, co-founder of FIXR, says his new clubbing app could revolutionize nights out in London.
Alec Young, global equity strategist at S&P Capital IQ, says markets are taking the Federal Reserve taper threat in their stride, and focusing more on the improving economy.