CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.» Read More
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
The Swiss franc slumps, the yen powers on, and George Soros has some suggestions - time for your FX Fix.
CNBC's Ross Westgate has the latest on how the European markets are faring today ahead of tomorrow's meeting between Germany's Angela Merkel and France's Nicolas Sarkozy.
The Euro/Dollar 3 month basis swap saw its biggest decline since the 2008 financial crisis the last week, Yannick Naud, portfolio manager, Glendevon King Asset Management. He added European banks were still finding it hard to raise capital.
"The problems in the European markets are based on a lack of clarity and a lack of a long term solution," Gemma Godfrey, head of research at Credo Capital told CNBC. "Things are getting a lot worse......the ECB is using debt to solve a problem of debt," she added.
European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.
The European short-selling ban is necessary, Richard Martin, chief strategist at Julius Baer, told CNBC. "I think this is the sort of move we need at the moment. The swings we are seeing in equity markets are absolutely wild, and it's fear. It's not actually fundamentals which are driving this," Martin said.
Tough talk from the Swiss works on the franc and debt worries dog the euro — it's time for your FX Fix.
Economic growth in the euro zone will slow in the second quarter but remain positive, economists told CNBC.com, before it risks stagnating in the third quarter as businesses delay investments and the turmoil that has wreaked havoc in financial markets starts to affect the real economy.
It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for
As the European markets were braced for another turbulent day, one analyst at Citi warned that a decade of economic slowdown could follow if Italy and Spain default on their debt repayments.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
What's the potential impact of what Europe is facing on the U.S. economy? Peter Coy, Bloomberg BusinessWeek, and Neil Irwin, Washington Post, discuss.
PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. CNBC explains.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.
CNBC's Michelle Caruso-Cabrera has the details on Italian 10-year bond yields, and a possible short-selling ban in Europe, with CNBC's Ross Westgate.
CNBC's Simon Hobbs has the latest detail on funding difficulties at French banks and ECB financing.
David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."