European shares are expected to open flat to slightly lower on Tuesday as one-month high equity prices prompt investors to take profits ahead of the euro zone services PMI and retail sales data, which may offer some short-term direction to the market.
The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default, said a senior finance official to the Financial Times.
A Greek default is coming and the European authorities trying to avoid it will have to face up to it eventually, a leading economist told CNBC Monday.
The price of corn is the latest of a series of signals that remind investors about 2008, the year the financial crisis spread across the globe and Lehman Brothers collapsed, Simon Derrick, chief currency strategist at Bank of New York Mellon, wrote in a note Monday.
Europe needs to be prepared to help Greece more in future in order to fuel economic growth in the country, German Finance Minister Wolfgang Schaeuble told German magazine Spiegel in a interview when asked whether Greece needed a European Marshall Plan.
European stocks were expected to open higher on Monday after they hit a one-month closing high on Friday as better-than-expected manufacturing data for June raised hopes that the US recovery is still on track and euro zone finance ministers agreed to release the next tranche of aid to Greece.
The week's top business news and investment advice, including end of QE2 plays, European equities, financial favorites and more.
The second half of the year should see European stocks performing positively, Michael Browne, portfolio manager, Europe at Martin Currie, told CNBC Friday.
Sovereign default in developed economies could be "catastrophic" for investors, a report by BlackRock Investment Institute noted, as many traditionally have large holdings in government debt as a very low risk, relatively low return investment.
European stock index futures pointed to a stronger open for equities on Friday, after shares hit a near-one month high a day earlier, with focus likely to be on manufacturing data from both sides of the Atlantic for clues on the health of the economy.
Stocks are a buy as the cash-rich corporate sector is set to be a net buyer of equities according to Andrew Garthwaite, a global equity strategist at Credit Suisse.
All is not well in China and the interbank market in the country is sending baffling signals, according to First Global Chief Strategist Devina Mehra.
Prejudice in society undermines the development of human capital and could set back the recovery of economies hit by the financial crisis, according to a new report by UBS.
Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.
High oil prices and concerns over the safety of nuclear power following the Fukushima crisis in Japan are reigniting interest in renewable energy, with wind power likely to be a major beneficiary, Tulsi Tanti, chairman of Suzlon Group, told CNBC.
European stocks were expected to open higher on Thursday following a crunch vote in the Greek parliament on Wednesday, approving a fresh round of austerity measures in the country and amid optimism that a second vote will pass on Thursday to turn the measures into law.
Press reports that the European Banking Authority (EBA) could fail up to 15 European banks as a show of the strength and resilience of the tests are completely unfounded, the EBA’s chairman said on Wednesday.
The Greek Parliament has voted to back a package of deep spending cuts that should go some way in clearing a path for a second bailout for the country.
The UK government needs to address the concerns that the parliamentary committee which oversees the banking industry still has over its proposed regulatory reforms, a senior Conservative politician has told CNBC.com
European politicians need to "stop talking like accountants and become leaders," Harris Ikonomopoulos, president of the British Hellenic Chamber of Commerce, told CNBC Wednesday.