James Butterfill, global equity strategist at Coutts, discusses where to invest in Europe.» Read More
The European Central Bank is widely expected to leave interest rates on hold on Thursday, reassured by signs that the economy started 2012 on a brighter note and hopeful that more cheap loans to banks at the end of this month will get them lending to each other again.
Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.
The euro is rallying on fresh hopes that Greek politicians can agree to austerity measures that could secure them a much-needed second bailout from their euro zone peers.
Investors should start scaling back risk in their portfolio in anticipation of more favorable buying opportunities in the coming weeks, Chris Watling, CEO and chief market strategist at Longview Economics, told CNBC on Tuesday.
Greece’s leaders and representatives of the troika responsible for its bailout failed yet again to reach agreement on the terms of a second bailout by Tuesday morning leaving European markets facing another day’s uncertainty over the Mediterranean country.
Markets are shifting towards a more "risk-on" attitude and there are three reasons for this, according to Mike Lenhoff, chief strategist at Brewin Dolphin.
The European Banking Authority (EBA) said on Monday it was impressed with banks' willingness to take all the necessary measures to meet new capital requirements, refuting earlier press reports which claimed that the EU’s banking regulator would not accept the banks’ suggested changes.
Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer; wealthy visitors are increasingly turning to private homes to meet their accommodation needs.
The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest institutions UBS and Credit Suisse.
While there are plenty of risks to an economic recovery, the start of 2012 is nothing like the 2008-2009 crisis, Jim O’Neill, Chairman at Goldman Sachs Asset Management told CNBC on Thursday.
European opening calls are expected to open flat Thursday on the back of positive employment data from the US which lifted shares overnight in Asia.
After hitting the highest level since the euro's creation, unemployment in the 17-member single currency area will show no signs of abating, adding to worries that a prolonged recession may be in the cards, analysts said.
The European Central Bank won't solve the euro zone's debt crisis as long as the European Union behaves like a "dysfunctional" family, Bill Gross, Pimco founder and co-chief investment officer, told CNBC on Tuesday.
Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.
The region is utterly dependent on the health of the richer EU members. This is why, analysts said, when things will turn for the better, investors stand to gain from a faster recovery than in Western Europe.
Representatives of Greece's private sector bondholders will meet Wednesday to discuss how and whether to continue talks on a bond swap after the EU toughened its demands, a person close to the investors said.
Iranian authorities have reacted to the decision by the European Union on an embargo by calling for an immediate halt to oil sales to the continent. In a statement on its website, the Iranian Oil Ministry described the European Union’s decision as “hasty” and “a political game”.
European leaders are beginning to accept the idea that Greece will be forced to default on its debt, causing a long-feared "credit event" that triggers billions of dollars of credit default swaps.
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