Global equity markets reacted to news that tensions between Russia and Ukraine had flared up, with European equities particularly badly hit.» Read More
CNBC's Bob Pisani and Rick Santelli report on stock and bond activity in Tuesday's markets.
U.S. markets take a cue from Europe, heading up on strong housing starts and a plunge in Spanish debt yields. Financials make a comeback after taking a beating yesterday. Jefferies soars after Q4 profit beats estimates. AT&T is up even though the company dropped its bid for T-Mobile yesterday. And Red Hat's poor forecast takes its toll.
European shares post gains after upbeat U.S. housing data. Short-term yields plunge in the latest Spanish Treasury bill auction and German business sentiment posts an unexpected rise. The Greek Finance minister announces the country is close to a deal with private creditors. Bank stocks are among the best European performers on the day and health care stocks slide on bearish news for two Astrazeneca drugs. In the U.S., builders are up, as are utilities. With Patrick Arbor, Shatkin Arbor, James Keenan, BlackRock, and Mike Murphy, Fast Money trader.
Six stocks in 60 seconds that CNBC's Jim Cramer has his eyes on now, including Open Table, Manpower and Alcoa. For more on these stocks|go to SOTS.cnbc.com.
Take Europe out of the situation even for a couple weeks, and we really could get that Christmas rally, says Larry Levin, Trading Advantage.
The Squawk on the Street news team break down the market moving headlines, including financials bouncing back, signs of life in Europe, the AT&T/T-Mobile fallout, and a report on earnings.
Spain sold more than its maximum target of Treasury bills Tuesday as borrowing costs declined and demand soared. Meanwhile strong German IFO data boosts the euro.
U.S futures begin the day up. Bargain hunting in Asia brings mixed day to markets as investors remain cautious over the euro zone. The market in Britain is lower but the rest of Europe is up as yields for short term Spanish bonds plummet. The euro gets a boost from better-than-expected German IFO data. Deutsche Telekom is down after AT&T announces it's pulling out of its $39 billion bid to acquire T-Mobile USA.
Will the euro zone get its act together in 2012? Discussing what Europe needs to do to get out of trouble, with Dan Greenhaus, BTIG, and Benn Steil, Council on Foreign Relations.
Jacob Kirkegaard, Research Fellow at Peterson Institute For International Economics discusses the European financial ministers' decision to lend the IMF 150 billion euros to beef up its loan program, which was 50 billion euros less than expected.
Weighing in on how the euro will survive in the next year, the trouble in breaking up the euro zone, and expectations that the euro and the dollar will reach parity next year, with Harry Clark, Clark Capital Mgmt. CEO, and Ashraf Laidi, Intermarket Straegy CEO.
'I think the euro zone is going to break-up early next year,' says Komal Sri-Kumar, TCW chief global strategist, who shares advice for global investments.
As 2011 ends, there are still moves you can make to limit your 2012 tax burden, with CNBC's Sharon Epperson. Also, Niall Gannon, financial advisor/author offers financial planning tips.
The major indices are hanging on by a string. Sharing insight into whether a rally could arise within the last two trading weeks of the year, with Jonathan Golub, UBS US equity strategist.
The U. S. markets are down after losing early gains. Financials weigh on the markets and an explosion at an Apple components factory in Shanghai creates concerns over iPad 2 production. Kingdom Holdings invests big in Twitter. And homebuilder sentiment rises for the third straight month, according to the NAHB.
European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.
The Squawk on the Street news team break down the market moving headlines, including the impact on the markets since the death of North Korea's Kim Jong-Il, the new spanish prime minister announcing aggressive deficit cutting targets, and Kingdom Holding's Saudi Prince Alwaleed's investment of $300M in Twitter.
The U.S. is doing okay, says Bob Doll, BlackRock. Meanwhile, in China, inflation is "finally" falling. "Don't get too concerned when things get bad out there," he adds.
The European markets await euro zone news but rebound after a slow start. Italy's markets have a strong day and the UK struggles to get back into positive territory. Swedish Auto is down by 66 percent after Saab files for bankruptcy. And the euro is under pressure as the ECB announces it will launch a 3 year liquidity operation on Wednesday.
U.S. futures are mixed. More gainers than decliners in Europe even though Fitch says a solution to the crisis is technically and politically beyond reach. The ECB announces plans to launch a 3 year liquidity operation on Wednesday. The death of North Korean leader Kim Jong il shakes already nervous Asian markets, as his son Kim Jong un takes over.
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Markets have built up a lot of expectation ahead of the speeches from central bankers at Jackson Hole, says Todd Horwitz, author and founder of Averagejoeoptions.com, with all eyes are on Fed Chair Janet Yellen¿s comments on Friday.
The elephant in the room at Jackson Hole is "shrinkflation" - or the size of things getting smaller - says Philippa Malmgren, founder of DRPM Group. She argues it is leading to consumers paying more per ounce, as is masks inflation.
A lot of the films released this summer are squeals, which has led to "franchise fatigue" among some movie-goers, says Georg Szalai, international business editor, at The Hollywood Reporter.