Latest: Santa comes early with Europe, Asia rally
martin Leissl | Bloomberg | Getty Images. Squawk Box Live in Europe watched as Asian and European markets rallied after the U.S. Federal Reserve hiked interest rates. · CNBC

Squawk Box Live is tracking how European and Asian markets react to the news that all U.K. banks passed stress tests and China's factor sector slowed again in November.

Meanwhile, eyes are on the COP21 summit in Paris , where climate change isn't the only topic gaining attention. Russian President Vladimir Putin has turned down a meeting with his Turkish counterpart in Paris, claiming that Turkey downed a Russian jet to protect its oil supply.


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