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The European Central Bank's mission to fight inflation prevents it from worrying about economic weakness. But an abrupt slowdown could anger politicians and endanger the central bank's very mandate.
Niche companies, such as alternative energy or unconventional products, are becoming more attractive as stock markets volatility continues, Alexis Dawance, fund manager at Global-Cap, told CNBC Europe.
European shares snapped a two-day winning streak to end Tuesday 1 percent lower, led down by banks on persistent worries of more losses from a global credit crisis, and by weakness in technology shares.
The European Union is unveiling plans Monday to allow passengers on flights in European airspace to use mobile telephones.
A breakup of Swiss bank UBS would not be possible at the moment but it should be thoroughly restructured to bring it back on course, Luqman Arnold, chairman of investment company Olivant and former president of UBS, told CNBC Europe.
Deepening concern over the state of the U.S. economy and its impact on Europe will lead to further uncertainty in European stock markets next week, as investors look to interest-rate decisions from major central banks for reassurance.
German manufacturing orders dropped 0.5 percent in February from the previous month due to weaker foreign demand, the government said Friday. The decline comes as the euro hovers near an all-time high against the U.S. dollar.
Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth.
Euro zone services growth slowed further last month as the credit crunch tightened its grip, while price pressures hit a 9-month high, according to final data from a survey of businesses published on Thursday.
The $19 billlion writedown at UBS has cheered some investors who think that the worst of the credit crunch is now over. But the European Central Bank still faces the prospect of falling growth and rising prices.
Germany's biggest retail bank Deutsche Postbank has booked further writedowns in the first quarter on the back of the global financial markets crisis, a spokesman told Reuters on Tuesday.
German retail sales fell unexpectedly by 1.6 percent month-on-month in real terms in February, the largest fall in nine months, as inflationary pressures in the food sector discouraged spending.
A look at the data and happenings that shaped the first quarter for European businesses and markets.
After a dismal first quarter, investors look forward to what the spring has in store; but apart from a new gold rush and the euro rising further, there seems to be little to anticipate.
European stocks closed slightly lower Friday, as hopes for a near-term interest rate cut from the European Central Bank diminished on signs of growing inflation pressures in the euro zone.
The world's largest takeover of a power company drew nearer a close on Friday as E.ON agreed to buy parts of Endesa from the Spanish utility's new owners for 11.8 billion euros ($18.6 billion).
Euro zone price pressures are "alarmingly high," threatening medium-term price stability, and first quarter growth in the bloc could exceed expectations, European Central Bank officials said on Friday.
I mean, about inflation for you and me and Bobby McGee. Not inflation as bankers see it, as economists see it, as central bankers see it. Not about CPIs and PPIs and HICPs. Not about price-adjusted, calendar-adjusted and average-workday-weighted statistics, which economists so fondly call "real" inflation.
German corporate sentiment unexpectedly rose in March to its highest level in seven months in defiance of the strong euro, surging oil prices and concerns about the economic situation in the United States.
The interbank cost of borrowing three-month dollar, sterling and euro funds rose on Tuesday, according to the British Bankers Association's latest daily fixing, despite central banks continuing to pump funds into the money market.