European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.» Read More
CNBC's Michelle Caruso-Cabrera makes a prediction on whether Greece will leave the euro next year.
Sharing perspective on tactical trades, with Willie Williams, Societe Generale director of institutional derivative sales.
Discussing market predictions for the new year, with Douglas Kass, Seabreeze Partners founder.
Yield on the Italian 10-Year is up some 7% ahead of Thursday's bond auction, with CNBC's Melissa Lee, Bob Pisani & Carl Quintanilla.
Predictions out of Europe for the new year, with CNBC's Michelle Caruso-Cabrera, who says Greece will trigger a credit event in 2012.
It is going to be a very complex year across the board, says Roger Altman, Evercore Partners, who adds that the U.S. will see slow growth in areas of employment and enormous risk and volatility posed by Europe, and some developing uncertainties on China's growth.
U.S. futures are mixed early, following the holiday. Europe is slightly up on very thin trading. Italy prepares to auction 8.5 billion euros in bonds on Thursday. The Shanghai Composite is off 22 percent this year. And the euro is just above its 11-year low against the dollar.
U.S. futures trading will resume at 6am after the holiday. The U.K. market is closed today. Italy plans to auction 8.5 billion euros worth of bonds this week. The euro holds above its 11-month low. Asian markets post losses in thin trade as investors await U.S. data. The Shanghai Composite hits a three-year low on liquidity worries. And the Nikkei-225 is on track for double-digit losses for the year.
Tony Nash, Managing Director, IHS Global Services, says the market is forcing a solution by pushing politicians to act, but there will be no dramatic solutions to the euro zone crisis.
Tony Nash, Managing Director, IHS Global Services says Japan, together with the U.S., has criticized euro zone leaders for not having the ECB as the "backstop for all sovereign debt." He adds that the first half of next year will be rough for Europe, China and the U.S.
A four day winning streak for stocks and reports are showing recent improvement in the job and the housing market. Sharing defensive predictions for 2012, with David Darst, Morgan Stanley Smith Barney and James Lowell, Adviser Investments.
CNBC's Rick Santelli reports yields on 2-year Treasury notes moving up 0.286%, and the 10-year notes are up 2.024%.
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.
Bob Iaccino, chief market strategist at TopstepTrader, says the bull run is not over yet and adds that the U.S. has "turned the corner on interest rates."
Brian Reynolds, chief market strategist at Rosenblatt Securities, says the credit boom that started five years ago will intensify as investors continue to buy new corporate bonds.
Richard Perry, market analyst at Hantec Markets, says that as geopolitical tensions begin to ease, the momentum seen in the gold price will wane.