Europe: Economy


  • ATHENS, Greece— Cleaning ladies who have waged Greece's longest-running anti-austerity protest have camped outside a finance ministry building in Athens for nearly two years with one goal— getting their state-paid jobs back. Zoumbou and the other cleaners have pinned their hopes on Greece's new radical left government, elected in January on pledges to...

  • Want cheap airport parking? Don’t fly from here! Friday, 6 Mar 2015 | 11:53 AM ET

    All five of London’s major airports have made the top 10 for the world’s most expensive car parks in airports.

  • *Fighting in Iraq, oil wells closure in Libya support prices. *Coming Up: Baker Hughes oil rig data at 1:00 p.m EST. NEW YORK, March 6- Oil fell on Friday as the dollar surged on bets of a near-term rate hike from strong U.S. jobs growth, offsetting an early run up in crude prices on worries about Libyan and Iraq supplies.

  • Two months to UK elections  Friday, 6 Mar 2015 | 11:40 AM ET

    Emma Hogan, Britain correspondent at The Economist, talks about the U.K. elections in terms of risks for markets, Scottish independence and the possibility of a hung parliament.

  • Europe shares end mixed after robust US jobs data  Friday, 6 Mar 2015 | 11:30 AM ET

    European equities closed mixed on Friday, as fresh jobs data from the U.S. beat market expectations.

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, knocking U.S. stock and bond prices lower on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain,...

  • FOREX-Dollar jumps after strong U.S. jobs report Friday, 6 Mar 2015 | 10:33 AM ET

    NEW YORK, March 6- The dollar jumped on Friday to an 11-1/ 2 year high against a basket of currencies as news of robust U.S. employment growth bolstered market sentiment that the Federal Reserve was closer to raising interest rates. Before a U.S. employment report on Friday, the dollar had already hit an 11-1/ 2 year high against the euro as interest rate differentials...

  • NEW YORK— A strong jobs report shook up the financial markets on Friday. U.S. employers added 295,000 jobs last month, the government said. "We're moving to another chapter here," said Jim Russell, a portfolio manager at Bahl and Gaynor, a wealth manager.

  • Russia imports drop by more than a third Friday, 6 Mar 2015 | 9:23 AM ET

    MOSCOW— Imports into Russia this year have fallen by more than a third as the country struggles with the low value of the ruble and a predicted recession. The customs service says that imports in January and February 2015 were valued at $28.98 billion, down 36.9 percent on the same period of last year. The valuation does not include imports from the Commonwealth of...

  • *Wall Street futures down, S&P 500 faces second week of losses. LONDON, March 6- The dollar rose to an 11- year high against the world's major currencies and U.S. bond yields jumped on Friday, as U.S. jobs figures reinforced expectations the Federal Reserve will push ahead with its first rate hike in almost a decade. "Everyone was pretty soundly surprised by this," said...

  • Why you shouldn't fear Nasdaq 5,000 Friday, 6 Mar 2015 | 8:51 AM ET
    Trader on the floor of the New York Stock Exchange.

    Here's why investors shouldn't fear Nasdaq 5,000 this time around.

  • LISBON, Portugal— Portugal's prime minister gave the taxman extra muscle as part of a crackdown on fraud and evasion after the country needed a 78- billion-euro bailout in 2011. Now, Pedro Passos Coelho is admitting he was one of those who did not always comply with his tax obligations. The center-right government leader said in a statement published Friday by...

  • LONDON, March 6- The dollar hit a new 11- year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying. The euro broke below $1.0980 for the first time since September 2003 as it continued its steady march lower.

  • YouGov: UKIP has 'protest voters'  Friday, 6 Mar 2015 | 4:30 AM ET

    Peter Kellner, president of YouGov, says that the UKIP political party has "protest voters with an agenda" and that the party is unlikely to win many seats.

  • UK: Where the immigration battle really is  Friday, 6 Mar 2015 | 4:30 AM ET

    Is U.K. Prime Minister David Cameron winning or losing the immigration debate? Peter Kellner, president of YouGov, weighs in with his thoughts.

  • UK elections heading for 'hung parliament'  Friday, 6 Mar 2015 | 4:30 AM ET

    Discussing the upcoming U.K. elections, Peter Kellner, president of YouGov, says he's almost certain that Britain is heading towards another hung parliament in May.

  • *Bureau veritas down after Wendel sells shares. LONDON, March 6- European shares steadied near seven-year highs on Friday with investors focussed on whether U.S. jobs figures would be strong enough to prompt the Federal Reserve to hike interest rates sooner than expected. The index rose 0.8 percent to a new seven-year high on Thursday after European Central...

  • BERLIN— German industrial production rose by 0.6 percent in January, a fifth consecutive monthly increase that was propelled by a surge in construction activity. The Federal Statistical Office's report Friday compared with economists' forecast of a 0.5 percent month-on-month rise. The German economy, Europe's biggest, is in robust shape with domestic...

  • Dollar surges after another strong US jobs report Friday, 6 Mar 2015 | 2:16 AM ET

    SEOUL, South Korea— European stocks traded cautiously ahead of a U.S. jobs report Friday that could influence when the Federal Reserve raises interest rates this year. KEEPING SCORE: European stock markets got off to a lukewarm start, with Britain's FTSE 100 little changed at 6,955.63. Germany's DAX was flat at 11,501.53 while France's CAC 40 edged down 0.2...

  • Here's why you should buy equities over bonds  Friday, 6 Mar 2015 | 12:32 AM ET

    The European Central Bank emphasized on the open-ended nature of its bond-buying program Thursday, which will likely be supportive of equities, says Dan Scott, vice president of Credit Suisse.

Contact Europe: Economy


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