European shares are seen ticking up on Thursday to extend their sharp gains from the previous session as acquisition talk in financials and prospects of another U.S. rate cut boost global equities.
European shares jumped 2.6 percent on Wednesday, driven by a rally in recently beaten-down banks and tracking strong gains across the Atlantic, where hopes of a U.S. rate cut buoyed equities.
German sports car maker Porsche Automobil Holding unveiled sharp gains in four-month unit sales and revenue on Wednesday but left investors guessing about its plans for Volkswagen.
The euro's rise against the yuan is largely a reflection of a sharp drop in the dollar, and the European Union should look to Washington to resolve the problem, Chinese Premier Wen Jiabao said on Wednesday.
European shares were seen edging higher on Wednesday, reversing a two-session drop as recently battered banking shares continue to recover, tracking a rise by their U.S. peers on Wall Street overnight.
Volkswagen said Tuesday its core brand plans to invest 9.5 billion euros ($14.1 billion) over the next three years in new products, plants and production capacity.
European equities are set to start weaker on Tuesday, extending the previous session's losses as markets track sharp falls on Wall Street which was hit by credit worries.
European equities were expected to gain ground on Monday, adding to a two-session recovery as investors continue to look for bargains following a selloff in the first three weeks of November.
European stocks rose for a second session in a row on Friday, as mergers and acquisitions talk prompted investors to scoop up recently battered financials and mining shares.
Germany's second-biggest bank, Commerzbank, has confirmed its interest in buying Deutsche Postbank, setting up a potential bidding battle with Deutsche Bank if Postbank is sold.
European shares ended in positive territory on Thursday, driven higher by pharmaceuticals after a broker upgrade of the sector, while flat commodity prices weighed on shares of mining and energy companies.
The strength of the euro, at a record high versus the dollar, is becoming a problem for Europe's exporters, the president of the European Commission said on Thursday.
French President Nicolas Sarkozy will in a forthcoming visit to China call for an "equitable and fair" relationship between four major currencies -- the dollar, euro, yen and yuan, a senior French official said on Thursday.
Daimler Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis.
European shares fell sharply on Wednesday as fresh concern about the fallout of a credit crunch hit banks, while the record high euro dragged down shares of major exporters.
Gains in energy shares helped European equities end more than 1 percent higher on Tuesday, paring the previous session's 2 percent fall.
SAP, Europe's leading software company, said it was mulling a sale of its TomorrowNow U.S. unit, which is at the centre of a legal battle with arch-rival Oracle.
The major European indexes ended firmly in the red Monday, despite a positive start to the trading session, as financial, basic resources and auto-maker stocks fell sharply.
European stock indexes closed mixed on Tuesday as the impact of gains in telecoms inspired by a raised outlook from Vodafone, was countered by losses in the energy sector which tracked weaker oil prices.
Origination of European securitisations will probably slow for the full year versus 2006, the first time this has happened since 2000, as credit market turmoil bites, the European Securitisation Forum said on Tuesday.