CNBC Franchise Archive Europe: Economy

More

  • LISBON, Portugal— In a tug of war over budgets, the European Commission approved Portugal's so-called anti-austerity spending plan on Friday, but only after extracting a promise for almost $1 billion in additional cost cuts. Left-wing and center-left governments— particularly in Greece, Spain, Italy and France— have long complained that the EU's executive...

  • Diversity investments

    European banking stocks have tumbled amid concerns over market volatility, but some market experts believe the selling is overdone.

  • KIEV, Ukraine— The Ukrainian economy minister whose resignation plunged the country into yet another political crisis said on Friday he hopes it will help create momentum for economic reforms. In an interview with The Associated Press, Abromavicius said that he is glad his resignation has served as a "cold shower" for the political establishment and expressed...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • For debt-hobbled, unemployment-plagued Greece, it's a nightmare. Unions are up in arms about the move, which has become the main hurdle in Greece's negotiations with its European creditors and the International Monetary Fund. The head of Greece's bar associations, Vassilios Alexandris, said the new system would reduce some lawyers' net incomes to as little as...

  • Reaction: Global markets eye US jobs report Friday, 5 Feb 2016 | 4:00 AM ET
    A production assembly mechanic works at the GE Aviation factory in Cincinnati.

    Squawk Box Live in Europe tracked global market moves ahead of U.S. jobs data.

  • WASHINGTON— U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Economists at Bank of America Merrill Lynch have put the odds of a recession within the next 12 months at 20 percent.

  • BERLIN— German factory orders declined slightly more than expected in December, dragged down by lower demand at home and in other eurozone countries. The Economy Ministry said Friday that orders were down 0.7 percent compared with the previous month, more than the 0.5 percent drop economists had forecast. Orders from inside Germany were down 2.5 percent and...

  • European stocks open lower ahead of US jobs data Friday, 5 Feb 2016 | 2:06 AM ET
    European stocks open lower ahead of US jobs data

    European markets opened lower on Friday as caution reigns ahead of U.S. jobs data later today.

  • Will David Cameron get a good deal from the EU? Friday, 5 Feb 2016 | 2:05 AM ET
    Will David Cameron get a good deal from the EU?

    Guntram Wolff, director of Bruegel, says the U.K. Prime Minister has negotiated well in recent weeks with the European Union.

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

  • LONDON, Feb 4- The Bank of England cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position, suggesting rates will stay on hold for the foreseeable future. BoE Governor Mark Carney said officials still expected the next move in interest rates to be upwards, but echoed downbeat comments from central...

  • *France, Italy, Spain, Portugal at odds with EU commitments. BRUSSELS, Feb 4- Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro. Governments also argue that they need to spend...

  • Asian stocks directionless ahead of US jobless report Thursday, 4 Feb 2016 | 10:23 AM ET

    NEW YORK— U.S. stocks posted modest gains Thursday as investors await Friday's closely watched jobs report, which could offer insight about the U.S. economy and help determine whether the Federal Reserve raises interest rates again next month. Many believe the likelihood of another rate increase in March has faded because of recent signs of weakness in the...

  • Yield curve moves flash global recession warning signs Thursday, 4 Feb 2016 | 8:57 AM ET

    LONDON, Feb 4- If the bond market is to be believed, the world is heading for recession. The turmoil sweeping through financial markets this year, principally driven by the plunge in oil prices and fears over China's economy, has lowered government bond yields and flattened yield curves across the developed world. This changes the mechanics of the yield curve with...

  • LONDON, Feb 4- Bank of England Governor Mark Carney and some of his fellow policymakers are answering questions after the central bank cut its growth and inflation forecasts in its latest inflation report and voted unanimously to keep interest rates on hold. Below are some of their comments. MARK CARNEY, BANK OF ENGLAND GOVERNOR:.

  • LONDON, Feb 4- The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise in recent months unexpectedly abandoned this position. The central bank said its Monetary Policy Committee had voted 9-0 this week to keep rates on hold at a record-low 0.5 percent, where they have been...

Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.