European shares were broadly lower Friday, as weakness in banking stocks dampened investor sentiment, but U.S. stocks made firm gains at the open on the Wall Street.
The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.
Hedge wise and sleep well. Or, as they say in German: Gut gehedged ist halb gewonnen! Silvia Wadhwa gives her take on the single currency.
German corporate morale deteriorated more than expected in December as firms took a dimmer view of current conditions, with retailers especially downbeat, a closely-watched survey showed on Wednesday.
British Prime Minister Gordon Brown will host German Chancellor Angela Merkel and French President Nicolas Sarkozy for a meeting in the first half of January on financial market stability.
The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.
Several top central banks including the Federal Reserve and the European Central Bank announced plans to address elevated pressures in short-term funding markets.
"Drat!" you say. "Yawn! Not more morning notes. Not another string with market pearls of wisdom I might have to read."Fear not! I threaten you only with idle thoughts and random contemplations from the other side of the Big Pond (from beyond the Channel even). In other words, from parts of the world where a Hamburger doesn't necessarily come as a snack between two bits of a soggy roll, where a Frankfurter might well eat a wiener, and where cars -- oh, bliss! -- generally have a stick shift and a clutch!It's also from a part of the world -- eat your heart out, friends from the British Isles -- where you can travel from country to country without ever showing your passport and, more to the point, never have to change your money.OK, that also means the land where battalions of politicians argue passionately over the size, color and bending-angle (seriously!) of bananas, about what exactly passes for a standard-size €uro condom and acceptable work practices for a €uro chimney sweep. If that doesn't justify the title of this blog -- €urocentric -- then I don't know what does.
European stocks were seen opening slightly higher on Tuesday, tracking gains in the United States and Asia ahead of a rate decision by the Federal Reserve.
European stocks were seen edging lower on Monday, snapping a three-session winning run as hopes of a bold U.S. interest rate cut on Tuesday faded following slightly stronger-than-expected monthly jobs data.
Shares of reinsurer Munich Re rose sharply on Friday after a Swedish investment fund disclosed it acquired nearly 3 percent of the world's second-biggest reinsurer.
European shares looked set to open higher Friday, mirroring gains in U.S. and Asian markets as a mortgage assistance plan for troubled U.S. homeowners restored investors' confidence.
European shares are expected to stage a modest rally on Thursday ahead of two key central bank decisions and after a strong performance on U.S. and Asian markets.
European shares gained 1.7 percent on Wednesday, snapping a two-day losing streak as banks and commodity stocks rose and a series of U.S. data releases soothed some concerns over the outlook for economic growth.
European stocks were set to bounce back on Wednesday after a two-session drop, as investors shrug off economic concerns and fresh worries over the credit crisis that had hit U.S. shares overnight.
Deutsche Telekom scored a victory in a legal battle with rival Vodafone over sales conditions for the coveted Apple iPhone, which T-Mobile sells exclusively in Germany.
WestLB will give an $11 billion credit guarantee to prop up an investment company in the face of global market turmoil, the stricken regional German lender confirmed on Tuesday.
European shares are set to open slightly lower on Tuesday, tracking U.S. and Asian markets, with the focus on an investor update from top cellphone maker Nokia.
Euro zone factory output growth crept up in November from October's 26-month low, but is unlikely to regain its summer momentum soon, pointing to interest rates remaining on hold, a key survey showed on Monday.
European stocks were seen edging down on Monday, taking a breather after a strong three-session rally, as investors turn cautious ahead of interest rate decisions by both the Bank of England and the European Central Bank as well as key U.S. jobs figures expected later in the week.