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With markets closed in the US for the Presidents' Day holiday, European shares hit a near seven-month high on Monday after China eased its monetary policy further over the weekend in an effort to fight slowing growth, with mining stocks among the main winners. Asia markets across the assets rose as expectations that Greece will secure a second bailout buoyed investor appetite for riskier assets, sending U.S. crude and copper up nearly 2 percent.
Steve Brice, Chief Investment Strategist, Standard Chartered says markets are too complacent considering the macro risks hanging over the global economy.
Discussing how to play this market amid uncertainty in Europe, with Brian Kelly, Shelter Harbor Capital; Steven Cortes, Veracruz; and Donald Luskin, Trend Macro.
European finance ministers are getting set to discuss the fate of Greece, with CNBC's Michelle Caruso-Cabrera.
The U.S. market is being spurred by better economic news, and a look at the stock moves today, including Apple losing steam in China; Gilead Sciences shares dropping after patients being treated with its hepatitis c drug have had relapses, and Google is slightly lower on a Wall Street Journal reporting the company bypassed Apple browser privacy preferences, reports CNBC's Amanda Drury.
European stocks rise on renewed hopes for a Greek bailout and CNBC's Michelle Caruso-Cabrera takes a look at the timeline of Greece's race to make the March 20th debt payment and CNBC's John Harwood has the details on the House passing the payroll tax cut extension, and the CNBC news team take a look at the global market movers on the last trading session of the week.
CNBC's Michelle Caruso-Cabrera has the story on finance ministers gathering to discuss the fate of Greece.
European stocks were higher as hopes that an agreement on a debt swap for Greece to help it cut its huge debt increased. Expectations of a resolution for Greece, coupled with better-than-expected data from the US on Thursday, pushed up Asian stocks. In the US, futures indicated a broadly flat open for Wall Street, after German chancellor Angela Merkel canceled a trip to Italy because German President Christian Wulff announced his resignation after state prosecutors asked parliament to remove his legal immunity over accusations that he accepted favors. Wulff said his actions had always been fair.
US stock index futures were indicating a slightly higher open for Wall Street on Friday, just after German President Christian Wulff announced his resignation after state prosecutors asked parliament to remove his legal immunity over accusations that he accepted favors. Wulff said his actions had always been fair. European stocks were higher on hopes that an agreement on a debt swap for Greece was on the way while the same hopes, coupled with the better-than-expected data from the US on Thursday, pushed up Asian stocks.
"Let Greece go bankrupt, let all the people who bankrupt go bankrupt, and then you can start over, you reorganize the assets and start over," Jim Rogers, CEO of Roger Holdings, told CNBC. "Until that happens, this is going to be an on-going endless discussion," he said.
"If you go through the data, on the balance sheets and such," Erik Nielsen, chief economist at Unicredit, told CNBC, "Europe as a whole looks pretty wealthy compared to the US and the UK." The issue, he added, is a matter of distribution.
"We are still concerned about the euro zone economy," Geoffrey Yu, foreign exchange strategist at UBS, told CNBC, but "it seems like corporate earnings are sustaining enough momentum to keep the euro zone economy turning along," he added.
Check out some of the billionaires from all over the world who have added a major sports team or two to their portfolios.
CNBC's Mandy Drury looks at the U.S. markets, which are up on strong economic data. Moody's bank downgrade threat has a slight impact on some U.S. banks. GM earns record profit of $7.6 billion for 2011. Marriott says room rates have risen in most areas of the world. Amazon is downgraded by Morgan Stanley and is down today, as a result.
Discussing General Motors' weakness in Europe and its Q4 earnings results, with Steven Rattner, former U.S. Treasury auto advisor.
European markets come off lows after good U.S. economic data. Unemployment in Portugal jumps to 14 percent in Q4. French yields fall below 1 percent at 2-year note sale. Greece's far right Laos Party reportedly won't commit to austerity measures. Polls show 40 percent of Greeks support anti-austerity leftist parties. Greece says it hopes to wrap up bailout agreement by Monday. With Art Nolan, independent trader.
CNBC's Phil LeBeau has the story on General Motors posting weaker than expected Q4 earnings. The automaker blames a bad situation overseas, he reports.
Overall through the entire year the company has made progress but there is more work to do in Europe and South America, says Daniel Ammann, General Motors CFO, who adds, "The company has more work to do all across the company to get to the efficiency we want." Ammann says the company is working aggressively to get the business back to profitability.
Greece is being rewarded for failing to live up to its commitments and every time they fail to do so, they get more concessions out of the EU or private sector lenders, says Wilbur Ross, RL Ross & Co.
U.S. stock index futures were signaling a lower open for Wall Street on Thursday after closing down the previous session, with the Dow logging its sharpest decline this year and ahead of a string of economic data. European stocks were down as well, while the euro hit a three-week low on worries about a possible delay of a second bailout for Greece.
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Neelie Kroes, EU digital commissioner and AOL CEO Tim Armstrong join CNBC at TechCrunch Disrupt to discuss startups in Europe.
Justin Kan, partner at Y Combinator which funds startups explains why there has never been a better time to start a company.
European shares closed lower on Monday with investors reacting to corporate earnings and acquisition deals.