On Sunday, the people of Crimea go to the polls in a referendum on whether to stay part of Ukraine.» Read More
Federal prosecutors have charged six alleged members of the Anonymous “hacktivist” group with conspiracy and computer hacking-related crimes after it emerged that an alleged leading member of the collective had turned informant of the Federal Bureau of Investigation, the Financial Times Reports.
European markets end the day down across the board, on concerns about Greece. SocGen, Unicredit lead European banking shares lower. The IIF says a disorderly Greek default would cost the euro zone $1.3 trillion. The Greek Finance Minister says the bond swap offer is final. And euro zone economic output was down .3 percent in Q4 compared to Q3. With Dan Greenhaus, BTIG chief global strategist.
European shares fall on renewed worries about Greek debt swap. BP shares rise on news of a $7.8 billion Gulf oil spill settlement. Euro zone retail sales rise .3 percent in January from December. Russia's Putin wins another Presidential term. Daimler says Mercedes-Benz sales up 20 percent in February vs. last year. With John Ryding, RDQ Economics.
Weighing in on why the decline in China's growth is normal and a look at the areas around the globe that are seeing growth, with Dan Greenhaus, BTIG, who says overall global growth is going to be slower in the next two years.
European shares were down on Monday due to concerns about the Greece debt swap deal, China's 2012 growth target, and Spain and Italy's struggling economies. However a strong performance from BP, after its lower-than-expected oil spill settlement, helped the FTSE 100 outperform.
U.S. stock futures pointed to a lower open for Wall Street on Monday, with concerns focused on China's lower-than-expected 2012 growth target, and tension in the Middle East.
"I see a very clear distinction between Italy and Spain," Bob Parker, Senior Advisor, Credit Suisse, told CNBC. "Spain has still got ongoing structural issues with high unemployment at 23 percent, the ongoing restructuring the savings banks, the 'caixas' plus the unwinding or the bursting of the real estate bubble. Italy, very different, high savings rate, we never had a consumer credit bubble, we never had a real estate bubble, I think there is a high probability that despite the weaker economic data, that the overall budget position in Italy in 2014 could be close to balance," he added.
"I don't expect that politicians can defend that savers earn 10 percent interest rate and do not consider a default of such high yields accordingly," Prof. Norbert Walter, managing director and economist at Walter & Tochter Consult, told CNBC. "Therefore, to bail in 'bail in' the private savers is quite natural," he added.
The market movers investors should watch next week, including data from China, the Greek debt swap deadline, and the jobs report, with Sarah Ketterer, Causeway Capital Management and Michael Yoshikami, Destination Wealth Management.
European markets finish the week with a mixed results. Bank stocks are among the best performers. Analysts say ECB liquidity injection has eased fears, but the ECB's Draghi warns not to expect further injection of funds into banks. Spain intends to base 2012 budget on higher deficit target than stated earlier. With Jim Bianco, Bianco Research and Diane Swonk, Mesirow Financial.
Investing in Russia requires nerves of steel, says CNBC's Steve Liesman, who explains why Russia has been very very good and very very bad for foreign investors.
CNBC's Ross Westgate has a roundup of major European markets, pointing out that bond yields are falling on Spanish and Italian debt.
One-third of the world's billionaires call Russia home. CNBC's Steve Liesman reveals how the wealthiest Russians live.
The Euro is consolidating recent gains, trading just above 1.33 versus the U.S. dollar. MacNeil Curry, Bank of America Merrill Lynch, weighs in.
Investor confidence in Russia has recently waned thanks to political uncertainty, reports CNBC's Steve Liesman.
CNBC's Mandy Drury looks at the U.S. markets, which are up on good economic data. The S&P is up 9 percent on the year.
David Joyce, Miller Tabak analyst, and Tuna Amobi, S&P's Equity Research director, discuss whether James Murdoch stepping down from scandal-plagued News International will help parent company News Corporation.
CNBC's Mandy Drury reports on the U.S. markets giving up earlier gains, led lower by materials and energy stocks. Bernanke mentions job market far from normal. GDP expands at 3 percent pace. GM and Peugeot Citroen agree to form alliance. And James Murdoch steps down as executive chairman of News International.
Rep. Ron Paul (R-TX) questions Federal Reserve chairman Ben Bernanke on alternative currencies.
Antoine Halff, head of oil industry and markets at IEA, says that the oil market is "concerned but quiet" on the developments in Ukraine, because the country is not a major transit area for oil.
Richard Hunter, head of U.K. equities at Hargreaves Lansdown, and Daniel Lacalle, senior portfolio manager at Ecofin, discuss the recent profit-taking in stock markets.
After hours of "candid and frank" discussions, Russia made it clear that it would not take any decisions on Crimea until after Sunday's referendum, while the U.S. reiterated it viewed this event as illegitimate, says U.S. Secretary of State John Kerry.