Turkey advised people to postpone non-urgent travel to Russia on Saturday, as the tit-for-tat accusations continue after the downing of a Russian jet.» Read More
Tom Levinson, FX strategist at ING Financial Markets, tells CNBC that uncertainty will surround Italy even after the elections next week, and this will weigh on the euro in the short term.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
As the public prepares to go to the polls this weekend, Italian executives disagree over the impact the outcome could have on a country already struggling with debt and a lack of investor confidence.
France is a "problem child" in the euro zone and needs to implement more austerity measures and labor market reforms to regain competitiveness, a senior ally of German Chancellor Angela Merkel said on Friday.
Britain's tax authority on Thursday published the names of what it described as "tax cheats" for the first time, part of efforts to address public anger over tax evasion at a time of economic austerity.
CNBC's Kelly Evans reports on all the market moving events from Europe, including weak PMI figures out of Europe.
Investors in the euro should tread with caution, Geoffrey Yu, FX strategist at UBS told CNBC on Friday, warning that concerns over political stability in some of the euro zone's biggest countries could send the currency sharply lower again.
German business morale surged at its fastest pace in over two years in February, pushing higher for a fourth consecutive month and pointing to a solid recovery in Europe's largest economy after a dismal end to 2012.
The chief executive of London-listed miner Bumi Nick von Schirnding told CNBC that the outcome of Thursday's shareholder vote had given the company's management a mandate to get on with its strategy.
The European Commission suspects the existence of cartels involved in manipulating Libor and Euribor, the EU's antitrust chief said in a speech on Friday.
Karen Cho takes you through the European market open where stocks have come in higher.
The Bank of England has a good case for restarting monetary stimulus, and may need to buy up to 175 billion pounds more of government bonds if growth is far below potential, a senior policymaker said.
The controversial new documentary's Rome premiere was canceled, its subject deemed "too political" ahead of elections this Sunday.
Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.
British Prime Minister David Cameron says a giant diamond his country forced India to hand over in the colonial era that was set in a royal crown will not be returned.
A court in Rome ruled on Thursday the Italian government's plan to lend 3.9 billion euros to troubled lender Banca Monte dei Paschi di Siena can go ahead. The Rome administrative court will make its decision public on Friday.
Geoffrey Yu, FX strategist at UBS, tells CNBC that the market was complacent and waited too long to price in political woes.
Peter Griffin, Head of Global Risk Assessment and Sovereign Fixed Income at Global Interest Rates says indecisiveness in the Italian elections could result in spreads blowing out.
Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe's top competition authority, the Financial Times reports.
Traders will be watching the track of the euro Friday, as they decide how defensive they should be going into the weekend. Thursday was a second day of "risk-off" selling with stock, commodities and the euro all heading lower.
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