The dollar edged up with the greenback touching an 11-year peak despite soft economic data.» Read More
European shares are set to open slightly lower on Tuesday, tracking U.S. and Asian markets, with the focus on an investor update from top cellphone maker Nokia.
Euro zone factory output growth crept up in November from October's 26-month low, but is unlikely to regain its summer momentum soon, pointing to interest rates remaining on hold, a key survey showed on Monday.
European stocks were seen edging down on Monday, taking a breather after a strong three-session rally, as investors turn cautious ahead of interest rate decisions by both the Bank of England and the European Central Bank as well as key U.S. jobs figures expected later in the week.
Lone Star is picking over German banks struggling through the credit storm and sees parts of stricken German lender IKB as worth buying, the private-equity group's country head told Reuters.
German Finance Minister Peer Steinbrueck criticized bank managers for misjudging risks to their balance sheets and said prosecutors had good reason to look into the woes of German subprime casualty IKB.
German retail sales posted their steepest decline in October since a value-added tax increase sent them plunging at the start of the year, in a sign that consumers are increasingly worried about higher energy and food prices.
European shares were seen opening higher on Friday, boosted by the prospect of a U.S. interest rate cut after the Federal Reserve said overnight that it would have to be "exceptionally alert" after a resurgence in financial strains had dimmed the outlook for the economy.
European stocks ended higher Thursday, following a fairly mixed session, as investors took confidence from a Federal-Reserve-induced rally in the previous U.S. trading day. But, cautionary comments by the Bank of England's Monetary Policy Committee members dragged many British banks into the red.
The biggest shareholder in Germany's troubled IKB Deutsche Industriebank said Thursday that the pool of banks that stepped in to support IKB after it was attered by the U.S. subprime lending crisis will cover additional risks estimated at $520 million.
European shares are seen ticking up on Thursday to extend their sharp gains from the previous session as acquisition talk in financials and prospects of another U.S. rate cut boost global equities.
European shares jumped 2.6 percent on Wednesday, driven by a rally in recently beaten-down banks and tracking strong gains across the Atlantic, where hopes of a U.S. rate cut buoyed equities.
German sports car maker Porsche Automobil Holding unveiled sharp gains in four-month unit sales and revenue on Wednesday but left investors guessing about its plans for Volkswagen.
The euro's rise against the yuan is largely a reflection of a sharp drop in the dollar, and the European Union should look to Washington to resolve the problem, Chinese Premier Wen Jiabao said on Wednesday.
European shares were seen edging higher on Wednesday, reversing a two-session drop as recently battered banking shares continue to recover, tracking a rise by their U.S. peers on Wall Street overnight.
Volkswagen said Tuesday its core brand plans to invest 9.5 billion euros ($14.1 billion) over the next three years in new products, plants and production capacity.
European equities are set to start weaker on Tuesday, extending the previous session's losses as markets track sharp falls on Wall Street which was hit by credit worries.
European equities were expected to gain ground on Monday, adding to a two-session recovery as investors continue to look for bargains following a selloff in the first three weeks of November.
European stocks rose for a second session in a row on Friday, as mergers and acquisitions talk prompted investors to scoop up recently battered financials and mining shares.
Germany's second-biggest bank, Commerzbank, has confirmed its interest in buying Deutsche Postbank, setting up a potential bidding battle with Deutsche Bank if Postbank is sold.
European shares ended in positive territory on Thursday, driven higher by pharmaceuticals after a broker upgrade of the sector, while flat commodity prices weighed on shares of mining and energy companies.