Global Markets Update: Merkel Downplays Possible Downgrade

11:30 AM ET Tue, 6 Dec 2011

A dip in Europe on the day. S&P puts the European Financial Stability Fund on creditwatch negative. Meanwhile, Merkel downplays the possibility of a downgrade and German industrial orders in November post their biggest gain since March 2010, with CNBC's Carl Quintanilla & Gary Kaminsky, and Fast Money trader Joe Terranova.