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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.
Mario Monti, Prime Minister of Italy, discusses his meeting with President Obama: "The goal was to explain to the President what Italy is doing in terms of budgetary discipline but also for preparing for conditions for growth."
CNBC's Jackie DeAngelis reports on U.S. markets and their down day, mostly in response to Greek austerity and economic data. The VIX is back over 20 for the first time this month. Activision beats the Street and boosts its dividend, but NPD data on game sales drives stock down. LinkedIn handily beats the Street and jumps 14 percent.
Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.
Discussing debt forgiveness in the U.S. and how the markets are reacting to Greece's austerity deal, with Daniel Stecich, TJM Institutional Servicesand CNBC's Rick Santelli.
Stock index futures pointed to losses for Wall Street at the open after euro zone finance ministers withheld further aid for Greece and demanded more cuts in return for a second bailout. European shares also fell on Friday, dragged lower by banks.
S&P 500 futures point to New York stocks declining 0.5 per cent at the opening bell. European shares also fell today, dragged lower by banks on concerns about the outcome of the euro zone debt crisis after finance ministers imposed further conditions before approving a rescue package for Greece. Asian shares ended lower as investors remained concerned about Greece's commitment to debt restructuring.
Discussing better-than-expected economic news, a slew of strong profits, and the outlook for the market, with Bob Doll, BlackRock chief equity strategist; Tobias Levkovich, Citi chief US equity strategist; and Jack Bourdoudjian, Index Futures Group.
Mike Crofton, President & CEO, Philadelphia Trust Company says the failure of the Greece deal to trigger a strong rally in U.S. stocks is a signal that investors aren't convinced by the political enviornment in Europe.
CNBC's John Harwood shares details from President Barack Obama's meeting with Mario Monti as the Italian prime minister struggles to contain that country's debt crisis.
U.S. markets are mixed on the day, after opening higher on the Greek agreement. Cisco shares lower, but up nearly 50 percent since last August. And Pepsico is down nearly 4 percent after it refers to 2012 as a "transition year." And Diamond Foods takes a major hit after announcing it's getting rid of two top executives over improper accounting.
Greek political leaders agree on austerity measures and warn there will be a "social uprising" over the agreement. As a result, the markets in Europe end the day higher, but off the day's best levels. The ECB and Bank of England leave key interest rates unchanged. The Bank of England adds 50 billion pounds to quantitative easing program. And Spanish government bond yields rise as new issue tempers demand.
CNBC's Rick Santelli breaks down Greece's austerity package and last week's jobless claims.
CNBC's Steve Liesman has the highlights of the Greek austerity deal.
The Squawk on the Street news team break down today's market moving headlines, including the ECB keeping rates unchanged, Greek politicians saying they've cinched a deal on an austerity package to secure a second bailout, and earnings reports out of Visa, Whole Foods, News Corp., and PepsiCo.
CNBC's Julia Chatterley reports the Greek prime minister office says reforms agreed to were those requested by the Troika. Insight on what this austerity deal means for Greece's economy going forward, with Ron Baron, Baron Capital; Peter Fisher, Global Head of Fixed Income, BlackRock; Byron Wien, Blackstone Advisory Partners.
What we see down here is low volume and a steady trend upwards, says Scott Bauer, SIB Strategy Group, who adds economic data has been positive and has trumped earnings impact on the markets.
Stock index futures pointed to a flat open for Wall Street today as investors looked ahead to talks to secure a new bailout for Greece as well as a policy decision by the European Central Bank. In Europe, shares were higher in morning trade on hopes that a second bailout deal for Greece was in the making, with the country's finance minister on his way to Brussels for a meeting with other euro zone finance ministers.
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Bob Iaccino, chief market strategist at Tethys Partners, says that U.S. groups' guidance has been on the negative side and discusses what will drive the market this week.
Carter Worth, chief market technician at Sterne Agee, says that despite what the U.S. market cap may suggest, small and mid-size groups are "starting to falter".
Kian Abouhossein, banking analyst at JP Morgan, discusses the decline in fixed income revenues for big banks and discusses how they are adjusting their models.