Clem Chambers, CEO, ADVFN says Moody's downgrade of France's credit rating is expected. He adds that it's likely that after Spain and Italy, the markets will start to attack France.
The European stock indexes closed sharply higher on Monday on signs of progress in U.S. negotiations to avert the looming $600 billion “fiscal cliff” of tax hikes and spending cuts.
European shares closed down on Friday, with losses led by the banking sector, in tandem with weakness on Wall Street due to ongoing concerns about the U.S. fiscal policy outlook.
European stocks ended lower on Thursday, with a key index hitting a two-month low, as data that showed the euro zone had slipped into recession again spooked investors.
Bargain-hunting and talk of a financial aid deal for Greece pushed European shares into a positive close, despite gloomy German data and negative corporate news.
European shares ended lower for a fourth straight session on Monday, with mounting uncertainties related to a looming U.S. fiscal crisis and the next tranche of aid for Greece hurting investor sentiment.
European stocks trimmed losses on Friday to close narrowly in the black after a batch of positive U.S. data suggested the world's largest economy grew more than initially estimated in the third quarter.
European equities ended slightly down on Thursday following a roller-coaster session marked by brisk volume, with rekindled worries about Greece keeping investors on edge.
European shares reversed course on Wednesday to close lower, after data showed weak German industrial production. European indexes had rallied in the morning session after U.S. President Barack Obama won re-election.
European equities were lifted by a clutch of strong earnings reports on Tuesday, although volumes were subdued as many preferred to wait for the outcome of the neck-and-neck U.S. Presidential campaign.
The European markets closed lower on Monday as investors remained cautious ahead of Tuesday’s U.S. presidential election. Investors across the globe are nervous as to how the U.S. will contend with an automatic $600 billion in spending cuts and tax hikes at the end of the year — known as the fiscal cliff — after the election.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
European markets are called to open in negative territory on Tuesday as the debate continues over how far the European Central Bank (ECB) can, or will, go to save the euro zone.
European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.
European markets were expected to open with a mixed picture Friday, after falling Thursday in the light of disappointment over European Central Bank (ECB) President Mario Draghi’s comments.
European stocks are expected to open slightly higher on Thursday as investors await the European Central Bank (ECB) rate decision.
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.
European stocks are expected to open sharply higher on Monday on hopes that the European Central Bank and U.S. Federal Reserve will this week deliver measures to boost growth and contain the euro zone debt crisis.
European stocks are expected to struggle to find direction at the European open as hopes of further policy action by US and European authorities to boost growth are offset by more bad news on the euro zone debt crisis.
European stocks are expected to open lower on Wednesday amid concerns over Spain and Greece’s finances and following a rare earnings miss by Apple. With Spain’s borrowing costs soaring after an auction of short term debt on Tuesday an alarm signal was sounded when the cost of borrowing over 5 years rose above the cost of 10 year borrowing.