Britain's Prime Minister has slammed the European Union's demands for an additional 2.1 billion euros, branding it "unacceptable".» Read More
European shares turned negative again in mid-morning trade on Thursday, with automobile stocks topping the decliners' list. The fall came as the EU's executive said the euro zone economy is heading for its second recession in three years and the wider European Union economy is set to stagnate.
US futures pointed to Wall Street opening higher after a down day yesterday. European shares extended gains on Thursday morning after the German IFO institute said its closely-watched business sentiment indicator rose more than expected. Asian shares were mixed on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges.
Discussing whether there is an economic rebound brewing and how to play the recovery, with Pippa Malmgren, Principalis Asset Management, and Russ Koesterich, BlackRock iShares Group.
Inspectors from the global nuclear watchdog agency left Iran with no satisfaction. CNBC's Michelle Caruso-Cabrera, Jane Wells & Sharon Epperson discuss the impact on geopolitics, Israeli defense and oil markets.
CNBC's Michelle Caruso-Cabrera addressing the best approach to solve rising tensions between the West and Iran, with Helima Croft, Barclays Capital sr. geopolitical strategist.
CNBC's Mandy Drury reports U.S. markets are down after hitting 13,000 yesterday. Dell is hit after yesterday's earnings miss. HP earnings come later today. Toll Brothers is down on the day after loss. Garmin shares jump after better-than-expected profit. And Apple is down on the day after Chinese firm tries to stop sale of iPads due to trademark infringement.
European markets close down on weaker than expected economic data. Markit Euro Zone PMI 49.4 (February) vs. 50.4 (January). Unresolved issues related to Greek bailout weigh on sentiment. Euro zone banking index falls about 2.5 percent, but still up 16 percent on the year. Fitch cuts Greece debt rating to C from CCC, says default "likely." Also, German manufacturing and service sectors slow in February. And a Greece Parliamentary Committee votes to approve debt swap bill. With Bob Baur, Principal Global Investors.
Action in the euro has been muted, despite the headlines on Greece's bailout. Insight on why the euro hasn't reacted more strongly to the news out of Greece, with Andrew Busch, BMO Capital Markets.
U.S. stock futures pointed to a mixed opening for Wall Street on Wednesday, ahead of an announcement by the US treasury on corporate tax cuts. The FTSEurofirst 300 index of top European shares fell on Wednesday on persistent concerns over Greece's ability to reform its economy and lower than expected PMI numbers for the euro zone. Greece must complete a swap of private holdings of its debt as part of a EU/IMF bailout package by around March 10, Prime Minister Lucas Papademos said on Tuesday.
Negative sentiment from overseas is affecting US markets with futures pointing to a lower open for Wall Street. European shares were flat in early trade on Wednesday, after upbeat manufacturing data from China and France was offset by continued worries over Greece's ability to undertake austerity measures. Asian shares reversed earlier losses on Wednesday to trade in positive territory, but gains were limited on doubts about the long-term feasibility of the Greek bailout and as concerns grew about rising oil prices.
Tensions with Iran and the West are escalating. Ken Timmerman, Foundation for Democracy in Iran; PJ Crowley, George Washington University; and Mort Zuckerman, U.S. News & World Report, discuss whether U.S. policy is to shut down Iran's nuclear weapons development or stop Israel from attacking Iran?
Discussing whether the second bailout deal for Greece will leave the euro zone in ruin, with Tim Shea, FXCM head of research.
The Dow passes 13,000 and falls back, reports CNBC's Mandy Drury. Time will tell, she says, where the market goes from here. The Dow hasn't hit 13,000 since May 2008. Gasoline the highest it's ever been this time of year. Home Depot shares hit highest level since May 2002. Wal-Mart shares are lower, however, as Q4 net falls 15 percent due to higher costs.
European shares remain lower, even as the Dow breaks the 13,000 mark and the Greeks reach a bailout deal. Euro zone finance ministers seal $172 billion bailout for Greece. Spanish T-bill yields fall sharply at first auction following Greek deal. And UK public finances post biggest monthly surplus in four years.
An outlook on where the markets are headed, with Jim Paulsen, Wells Capital Management chief investment strategist.
We have very strong valuation, says Jeremy Siegel, Wharton School at The University of Pennsylvania professor of finance, who weighs in on where the market is headed, adding if we get back to normal valuation we can get to Dow 17,000.
The Europeans have seemed to take a major step forward and if they follow through, they have made progress, says Robert Hormats, State Department Under Secretary, who adds it is very good news that Greece pulled together to create a deal. Hormats also weighs in on the anti-counterfeiting trade agreement that was recently reached.
CNBC's Silvia Wadwha has the details on the new Greek bailout to avoid default.
Stock index futures pointed to a rise in U.S. equities on Tuesday after euro zone finance ministers finally sealed a bailout for Greece. European shares steadied on Tuesday after hitting seven-month highs on Monday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package.
US futures point to Wall Street opening higher after a mixed session on Friday. European shares slipped back from near seven-month highs on Tuesday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package and averted a messy default. Asian stocks also dipped, concerns that the deal is only a short-term fix kept stocks subdued.
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Nicolas Véron, senior fellow at Bruegel says the European banking stress tests will show how rigorous a supervisor of the banks the ECB will be.
David Enrich, European banking editor at the Wall Street Journal says problems in the European bank stress tests are likely to be concentrated in Austria and Italy
U.K. Prime Minister David Cameron has slammed the European Union's demands for an additional 2.1 billion euros ($2.65 billion) as a result of the U.K.'s strong economic performance, branding it "unacceptable".