CNBC's Simon Hobbs reports European equity markets have rallied on the U.S. jobs data report. Also a London flood has caused the evacuation of thousands of people from the Southeast coast.» Read More
LONDON-- Britain braced for severe flooding and the worst tidal surge in 60 years after a powerful storm with hurricane-force gusts hit the country Thursday and began moving across Europe. About 10,000 homes along the eastern English coast were evacuated after Britain's Environment Agency warned the country could face its worst tidal surge in 60 years.
LONDON, Dec 6- The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
BRUSSELS, Dec 6- European ministers make a fresh attempt next week to agree a blueprint to close failing banks but progress is uncertain as the fundamental questions of who gets the power to close a bank and how to pay the bill remain open.
LONDON, Dec 6- Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
*Storm kills two in Britain, one in Denmark. BERLIN/ LONDON Dec 5- Hurricane-force Storm Xaver blasted towards mainland Europe on Thursday after cutting transport and power in northern Britain and killing three people in what meteorologists warned could be the worst storm to hit the continent in years.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for October, 10 a.m..
By Sakari Suoninen and Paul Carrel. FRANKFURT, Dec 5- Euro zone inflation will stay well below target for the next two years and the European Central Bank is ready to act if necessary to lift a listless economy, it said on Thursday. Markets expect further action in 2014, something ECB President Mario Draghi did nothing to deflect.
*Ethylene costs $500/ T in United States, $1,200 in Europe. LONDON, Dec 5- Europe's petrochemical industry will face a competitive assault as U.S. rivals emerge with cheap feedstock from the shale gas boom. Those still in operation are struggling with losses or razor-thin margins as U.S. refiners flood Europe with cheap fuel made from low-cost shale oil and gas.
LONDON, Dec 5- The euro edged up on Thursday after the European Central Bank kept interest rates on hold, with traders on the lookout for the bank's inflation forecasts and any signs it may take more action to prevent deflation.
BEVERLY HILLS, Calif.-- Eytan Rosenberg had no idea that the man he let paint a mural on the side his family's gas station in Hollywood was the darling of the art world.
LONDON, Dec 5- The euro rose to trade near a five-week high against the dollar on Thursday as investors positioned for the European Central Bank's to keep interest rates unchanged with rising German yields lending it support.
FRANKFURT, Dec 5- General Motors Co will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, and the major problem with growth not accelerating across Europe.
*Only Germany, Austria have funds set aside for recapitalisation. BRUSSELS, Dec 4- Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.
CNBC's Ross Westgate reports on all the market moving events from Europe, as equities tread water after steep losses on Tuesday.
PARIS, Dec 4- As it struggles to rein in losses, PSA Peugeot Citroën is cutting back sharply on investment. Research and development is due to fall to well below 3 billion euros in 2013- less than one-fifth of rival Volkswagen's budget.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as disappointing data sends stocks lower.
BERLIN, Dec 3- Zalora, an online fashion start-up in Southeast Asia, has raised $112 million in new capital from investors including billionaire Leonard Blavatnik's Access Industries and U.S. asset management firm Scopia Capital Management.
CNBC's Ross Westgate reports on all the market moving events from Europe, including losses across the board. Basic resources are down 2 percent.