NEW YORK, July 1- The euro fell against the U.S. dollar on Wednesday after strong U.S. economic data raised expectations the Federal Reserve will hike rates in September, while a combative address from Greece's prime minister also weighed on the euro. The ADP National Employment Report showed 237,000 private-sector U.S. jobs were created in June, handily...» Read More
There’s little chance that Greece will leave the euro zone by the end of the year and a solution to the country's problems should focus on the top-slicing of its debt, Steven Major, Global Head of Fixed Income Strategy at HSBC told CNBC.
With a seemingly never-ending debt crisis which has prompted a slowdown in consumer spending, investing in Europe might not appear particularly attractive right now. But Bosideng, a Chinese fashion brand specializing in down-filled clothing, thinks differently.
With growth slowing across most major markets, one well-known stock market bear is predicting big losses for stocks in the third quarter, despite the chance of further central bank action to help shore up confidence.
European stocks are expected to struggle to find direction at the European open as hopes of further policy action by US and European authorities to boost growth are offset by more bad news on the euro zone debt crisis.
Residents of Catalonia will proudly claim that its region is the wealthiest of all regions in Spain and highlight the region's attractiveness for tourists, Barcelona's importance as shipping hub and the concentration of industrial activity around the Catalan capital. But while the beauty of Catalonia is worth boasting about, the region's finances are looking ugly.
The euro is hovering close to the crucial 1.20 level against the dollar — and analysts warn it will fall even further without further intervention by euro zone authorities.
European stocks are expected to open lower on Wednesday amid concerns over Spain and Greece’s finances and following a rare earnings miss by Apple. With Spain’s borrowing costs soaring after an auction of short term debt on Tuesday an alarm signal was sounded when the cost of borrowing over 5 years rose above the cost of 10 year borrowing.
CNOOC's planned $15 billion takeover of Canadian oil producer Nexen shows the Chinese Communist government will not stand in the way of state enterprises' ambitions, paving the way for similar deals in future, experts told CNBC on Tuesday.
The open of the European market is expected to be mixed by spread betting firms following Monday’s highly volatile start to the trading week. Fears over Spain’s finances had seen its borrowing costs soar past 7.5 percent and its stock market trading lower by as much as 5.5 percent before rallying to close just 1 percent lower.
Spanish stocks fell sharply on Monday amid fears that a number of regional governments will ask Madrid for financial support. Meanwhile new data showed the Spanish economy contracted 0.4 percent in the three months from April to June.
European stocks are expected to open sharply lower on Monday amid concerns over the ability of Spain’s regions to pay their debts. On Friday, Spanish stocks fell by nearly 6 percent on news that Valencia had requested aid from the Spanish government to help it meet debt repayments.
French advertising agency Publicis remains upbeat on its prospects for the rest of the year despite posting disappointing numbers for the second quarter, Publicis CEO Maurice Levy told CNBC on Friday.
The euro may be winning the unpopularity contest in the markets at the moment, but the dollar is close behind, according to David Bloom, head of foreign exchange strategy at HSBC.
Anyone holding Spanish stocks should sell before Madrid is forced to go cap in hand to the European Union and International Monetary Fund, according to analysts at S&P Capital IQ.
European shares were called lower on Friday tracking Asian markets overnight after corporate earnings in the U.S. proved a mixed bag and investors waited for euro zone finance ministers to approve an agreement to lend up to 100 billion euros ($122.5 billion) to Spain so it can recapitalize its banks.
German deputy finance minister Steffen Kampeter on Thursday reiterated that the Spanish state is liable for the $123 billion in aid that other euro zone countries are injecting into the country’s ailing banking sector and that the aid does not amount to a blank check.
Greece's tourism industry has suffered a serious decline in revenue over the past year as political instability and questions over whether the country would exit the euro saw holiday makers opt for other destinations instead, but with a new coalition government in place, the industry is fighting back.
They're not for running. You'll probably struggle to power walk in them. But who said the London Olympics were just about sports?
European shares were seen opening higher on Thursday on stronger than expected corporate earnings in the U.S. which offset worries about a slowdown in the world’s largest economy and on hopes German lawmakers would approve a planned bailout of the Spanish banking system.
The very existence of the London Interbank Offered Rate (Libor) has been threatened by the escalating scandal involving banks allegedly manipulating the rate during the credit crisis.