Last week we took cheer from the level of bank funding rates as being a sign of economic recovery – talk about crumbs of comfort! We needn’t have bothered: the U.K. quarterly GDP (gross domestic product) growth statistic was a jaw-dropping 1.00 percent rise on the second quarter. Hurrah! So everything’s all right then…
The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
Discussing how people in some of the towns devastated by the storm are going to vote, with CNBC's Eamon Javers.
Earnings lift risk appetite, Spain says it needs a little help from its friends — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at positive earnings reports from European airlines and oil and gas firms.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
A set of positive earnings from European banks helped to boost investors’ confidence on Tuesday, with CEOs and analysts signaling that the crisis-hit banking sector has turned a corner.
Move over Monet. Artists with street credibility are increasingly dominating the contemporary art market , with the cool factor turning works of graffiti into sought-after investments worth thousands of dollars.
CNBC's Kelly Evans reports on all the market moving events from Europe, as markets move higher in the wake of Hurricane Sandy in the U.S.
Concerns about Greece are returning to the euro zone agenda as the embattled Mediterranean country approaches key negotiations about changing the terms of its bailout by international lenders.
Spain might have the luxury of time to delay a request bailout funds, but the timetable for Greece is more urgent, according to European Central Bank (ECB) policy maker Ewald Nowotny.
The Swiss bank announced plans to cut around 10,000 jobs and close its fixed income business after a trading scandal and a quarterly net loss of 2.2 billion Swiss francs ($2.4 billion).
Hurricane Sandy may inflict a negative hit to demand for crude oil and fuel products as production at U.S. East Coast refineries comes to a standstill, reducing demand for the primary input.
The U.K. economy may have just exited recession by posting its strongest quarterly gross domestic product growth in five years, but according to a recently published book, the U.K. will have a third world economy by 2014.
Despite huge efforts to keep the euro zone afloat, business leaders now believe that some of the region’s most troubled countries are riskier places to invest than war-torn nations in the Middle East or North Africa.
As former prime minister Silvio Berlusconi threatened to withdraw crucial support for the country’s technocrat government - a move that could result in early elections — economists are questioning whether Berlusconi could destabilize the country’s economic reforms.
CNBC's Kelly Evans reports on all the market moving events from Europe, as the hurricane emergency in the U.S. forces markets to stay close.
US money market funds have increased their exposure to eurozone banks, in the latest sign of returning confidence in the stability of Europe’s monetary union.The FT reports.
Concerns are growing that Britain is laying plans for what political and financial pundits have dubbed “Brixit,” a variant on “Grexit” — Greece’s departure from the euro zone. The New York Times reports.
Former Prime Minister Silvio Berlusconi said on Saturday his center-right bloc may withdraw its support from the government of Mario Monti, a move that could throw Italy into political chaos ahead of next April's national elections.