BUCHAREST, Sept 30- Romania's central bank cut its benchmark interest rate to a new record low of 3 percent on Tuesday, as benign inflation gave it room to help an economy that has dipped into recession.» Read More
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
The euro zone unexpectedly swung to a trade surplus in April from a deficit in March, data showed on Tuesday, as the region's strong currency failed to subdue exports and imports expanded quickly.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.
Surging food and fuel prices drove euro zone inflation to a new record high of 3.7 percent year-on-year in May, data showed, cementing expectations that the European Central Bank will raise interest rates on July 3.
European Union foreign ministers start picking up the pieces on Monday after Ireland's "No" to an EU reform treaty cast doubt on whether measures meant to improve the enlarged bloc's working will ever take effect.
Irish voters have rejected the EU's Lisbon treaty in a referendum, Irish Justice Minister Dermot Ahern conceded on Friday.
British manufacturing output unexpectedly rose in April thanks to higher production of aircraft and motor vehicles, official data showed on Tuesday.
Spanish truck drivers smashed windscreens and Portuguese truckers blocked roads on Monday as protests over rocketing global fuel prices spread across Europe.
The recent downturn in the UK economy is likely keeping Bank of England hawks at bay, according to former Monetary Policy Committee member Charles Goodhart, CBE.
The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.
U.K. investor attention will be on the Bank of England's monetary policy committee (MPC) when it meets Thursday as the group tries to balance inflation and the threat of a recession.
The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.
The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.
Sky-high fuel and food prices crashed the party when finance ministers flocked to Frankfurt to celebrate the inflation-fighting European Central Bank's 10th birthday on Monday, a milestone in Europe's monetary union.
European stocks are set to stay range-bound this week as the subprime crisis continues to take its toll on confidence and rising inflation means investors do not expect the European Central Bank to cut rates any time soon.
The European Central Bank turned 10 years old on June 1 and the euro's rise against the dollar seems to be proof of its success. But criticism from some of the euro-zone members that the strength of the single currency stifles growth by putting a lid on exports may cast a shadow over the party.
Global food prices could rise further in the short term and keep rising over the longer term as supplies are unlikely to match increased demand, a European Central Bank note said.
On the verge of the European Central Bank's 10th anniversary, the news on inflation doesn't look good. Against the bank's target of "below but close to" 2 percent, euro-zone prices rose 3.6 percent in May, compared with the year ago, back to a historic high, data showed on Friday.
The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.
European Central Bank head Jean-Claude Trichet said on Monday that financial markets were experiencing an "ongoing correction" and repeated that the G7 was concerned about excessive dollar volatility.
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