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CNBC Franchise Archive Europe: Economy

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  • MOSCOW— The Russian Central Bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible. Moscow- based investment bank Sberbank CIB said in a note to investors that the 0.5 percentage cut is not as big as anticipated, indicating that the central bank wants to "play it safe" and...

  • *Gold eyes biggest monthly fall since June 2013. LONDON, July 31- Gold slipped on Friday and was on course for a sixth straight weekly fall, its longest retreat in 16 years, as the dollar remained firm after upbeat U.S. economic data encouraged bets on the Federal Reserve raising interest rates in September. "Gold is an asset that pays no interest or coupon and the rate...

  • The European Union's statistical agency, Eurostat, said Friday that the jobless rate stood at 11.1 percent in June, unchanged for a third straight month after declines earlier in the year. Among the euro member states, Greece had the highest rate at 25.6 percent and Germany the lowest level at 4.7 percent. The EU's executive Commission has been pushing hard to...

  • Euro zone July inflation: Results

    Euro zone inflation for July remained steady at 0.2 percent.

  • *Spending in shops up 2.5 percent in first half. *Annual retail sales soar by 5.1 percent in June. BERLIN, July 31- German retail sales recorded their strongest first-half increase in at least 20 years, data showed on Friday, strengthening expectations that private consumption will be a major growth driver for Europe's largest economy this year.

  • Investors look at computer screens showing stock information at a brokerage house in Qingdao, Shandong province, China.

    Squawk Box Live in Europe kept you updated with all the major market news on the last trading day of a very volatile month.

  • LONDON, July 31- The dollar steadied near a one-week high against a basket of currencies on Friday and was on track for an almost 2 percent monthly rise, with the latest U.S. growth data supporting the case for the Federal Reserve to raise interest rates this year. "Expectations of a September rate hike were probably marginally firmed up on the growth data but it...

  • SEOUL, South Korea— China's stock market extended loss while other global stocks mostly gained Friday after data showed the U.S. economy posted solid growth during the second quarter. KEEPING SCORE: Europe opened moderately higher with Britain's FTSE 100 up 0.1 percent to 6,673.08 and Germany's DAX gaining 0.2 percent to 11,277.44. Japan's Nikkei 225 added...

  • BERLIN, July 31- German retail sales posted their strongest first-half increase in at least 20 years, data showed on Friday, strengthening expectations that private consumption will be a major growth driver for Europe's largest economy this year. The 2.5 percent increase in shopping activity in real terms from January to June was the largest increase on...

  • Don't put too much weight on German data: FX strategist

    Hans Redeker, global head of FX strategy at Morgan Stanley, discusses the German economy and prospects for the euro.

  • SEOUL, South Korea— China's stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. Japan's Nikkei 225 was flat at 20,525.29 while Hong Kong's Hang Seng index rose 0.4 percent to 24,602.11. Stocks in Australia and New Zealand were higher as...

  • ATHENS, Greece— Greece's talks with its international creditors on a third bailout worth 85 billion euros shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens. The bailout talks with the IMF, European Commission, European Central Bank and European Stability...

  • LONDON- Bank of England holds Monetary Policy Committee meeting. LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT.

  • WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

  • *Spain grows at fastest pace since before financial crisis. BERLIN, July 30- Confidence in the euro zone economy hit a four-year high in July and the European Central Bank said recovery is picking up, supported by loose monetary policy aimed at countering persistently low inflation. Spain's economy was a case in point, with data on Thursday showing it growing at...

  • Q2 GDP data supports view on Fed rate hike. *Greenback gains against major currencies. NEW YORK, July 30- The dollar rose to its highest level this week on Thursday as news of faster U.S. economic expansion in the second quarter supported the notion that the U.S.

  • NEW YORK— After starting the day broadly lower, U.S. stocks recovered nearly all of their losses by mid-afternoon Thursday and were trading near breakeven. A batch of disappointing results from Procter& Gamble, Facebook and others weighed on the market. NO SALE: Consumer products giant Procter& Gamble fell $3.20, or 4 percent, to $77.43.

  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • Bosnians protest against EU-recommended labor law Thursday, 30 Jul 2015 | 6:07 AM ET

    SARAJEVO, Bosnia-Herzegovina— Amid the protests of thousands of workers, the Bosnian-Croat regional parliament on Thursday adopted a new labor law that aims to create a more business-friendly environment with the intention of creating jobs. Thousands of Bosnians have taken their dissatisfaction with the new law to the streets of Sarajevo, claiming it...

Contact Europe: Economy

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