Investors across the world are awaiting further news on whether the European Central Bank and the Federal Reserve will decide to turn the quantitative easing taps on and begin buying bonds aggressively in a bid to kick-start ailing growth in Europe and the United States.
Every morning Squawk Box Europe brings you the latest business news from across the world. Geoff Cutmore, Steve Sedgwick and Karen Tso spend three hours every weekday morning discussing the euro zone debt crisis, corporate earnings and the latest M&A deals. Sometimes though they can go a little off-message and focus on a story that does not really qualify as business news.
The S&P 500 is likely to fall by 20-25 percent over the next three months according to Nomura strategist Bob Janjuah.
European stocks are expected to open flat on Tuesday ahead of a report on the Spanish banking industry and a raft of earnings from across Europe before the opening bell.
As investors prepare for another trading week, stocks are in risk mode on expectations that euro zone policy makers will do whatever it takes to preserve the euro.