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  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Europe ends lower after euro zone deflation deepens  Friday, 30 Jan 2015 | 11:30 AM ET

    European equities closed lower on Friday, with investors reacting to earnings and euro zone inflation and unemployment reports.

  • ECB QE will take time to take effect  Friday, 30 Jan 2015 | 11:15 AM ET

    Sue Noffke, UK equities fund manager at Schroders, says the European Central Bank's bond-buying program will take time to make an effect.

  • NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for dollar strength is still in place as a long-term theme, "said Brian...

  • Will Greece's Syriza or its creditors blink first? Friday, 30 Jan 2015 | 10:22 AM ET
    Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheers at exit poll results January in Athens, Greece.

    The first financial tests of Syriza’s audacious new policies for Greece loom – as it is still unclear who will concede ground on its debt pile first.

  • WASHINGTON— The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year. On Friday, the University of Michigan reported that its index of sentiment showed that U.S. consumers are more confident than they have been since...

  • ISTANBUL, Jan 30- The Turkish lira tumbled to a fresh record low against the dollar on Friday after a surprise Russian interest rate cut reinforced expectations that Turkey will ease monetary policy next week. Central bank governor Erdem Basci indicated on Tuesday that the bank could hold an extraordinary meeting as early as next Wednesday to discuss cutting...

  • BOGOTA, Jan 30- Colombia's central bank will likely keep its key lending rate unchanged for a fifth straight month on Friday, in an effort to bolster slowing economic growth amid plunging oil revenue and a mounting crisis in Europe. The vote comes as world economies grapple with a slump in prices for crude, Colombia's biggest export and source of foreign exchange,...

  • "I believe there are no problematic areas in the issue of bilateral cooperation between Germany and Hungary," Orban said Friday on state radio. The relationship with Germany is key to Budapest: Germany is by far Hungary's largest trading partner, accounting for around 25 percent of its foreign trade. For its part, Germany has considered Hungary an important...

  • ATHENS, Greece— Greece and its European bailout creditors were in open dispute Friday, with Germany bluntly rejecting suggestions the heavily-indebted country should be forgiven part of its rescue loans and warning against "blackmail" from Athens. "We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements,...

  • MOSCOW— Russian central bank cuts key interest rate by 2 percentage points to 15 percent; ruble drops.

  • Russian central bank rates decision: Reaction  Friday, 30 Jan 2015 | 5:30 AM ET

    The Russian central bank has cut its key rate to 15 percent. CNBC's Geoff Cutmore says this might encourage Russia's public to see that the Russian economy can improve in the future.

  • FRANKFURT, Germany— Falling prices sent another worrying signal about the eurozone economy just before the European Central Bank starts at 1 trillion euro stimulus effort. Japan fell into deflation in the 1990 s and is still trying to get out. The European Central Bank is readying a massive 1 trillion euro stimulus program to try to raise inflation close to its...

  • Euro zone inflation: Reaction  Friday, 30 Jan 2015 | 5:00 AM ET

    Euro zone core inflation is at -0.6 percent. Daniel Morris, global investment strategist at TIAA-CREF Asset Management gives his takes on the data.

  • The U.S. stock market capped a rough month Friday, delivering its third loss in five days and extending its declines for the year. "The real issue still is the confusion, the uncertainty around the speed of decline in oil prices and what that means, and the rise in the dollar and what that means for earnings," said Bob Doll, chief equity strategist at Nuveen Asset...

  • Syriza can bark, but not bite  Friday, 30 Jan 2015 | 4:40 AM ET

    Discussing Greek debt, Alberto Gallo, head of macro credit research at RBS, says a solution will be reached on a debt extension for Greece, however volatility will continue.

  • MOSCOW, Jan 30- Russia's rouble extended losses on Friday ahead of a central bank monetary policy meeting at which the bank is expected to leave it key interest rate on hold. Russia's central bank will announce its decision on its key rate at around 1030 GMT. "There is tentative evidence that depositor behaviour is gradually normalising amid moderating FX...

  • MADRID— Spain's economy grew by 1.4 percent in 2014, ending a five-year run of negative or flat figures and providing further evidence that the country is recovering from a crippling double-dip recession. The National Statistics Institute said Friday that the country's growth was helped by a 0.7 percent expansion in the final three months of the year, making...

  • Germany's DAX, up 0.3 percent, outperformed the pan-European index after data showing German retail sales increased for a fifth consecutive year in 2014, rising by 1.4 percent in real terms, reflecting the buoyant mood among consumers in Europe's largest economy. "Retail sales in Germany and Spain, as well as consumer spending in France, are above expectations.

  • Germany enters deflation: Reaction  Friday, 30 Jan 2015 | 4:00 AM ET

    Michael Krautzberger, head of European fixed income at BlackRock Asset Management, comments on Germany entering deflation.

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