Dr. Jurgen Heraeus, chairman of the supervisory board of Heraeus, says that the European Central Bank's cheap money policy is "not good in the long run".» Read More
WASHINGTON _ Commerce Department releases durable goods for October, 8:30 a.m. Eastern. WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostate cancer treatment, at a 27 percent premium to the stock's last close, Algeta said on Tuesday.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a major concern over earnings.
FRANKFURT, Nov 26- The European Central Bank's scope of action is limited, Executive Board member Yves Mersch said on Tuesday, leading resistance from the bank's hawks to fresh policy measures to support the economy.
Stocks in weaker euro zone countries like Spain and Italy look set to outperform their stronger peers this year, analysts say.
CNBC's Ross Westgate reports on all the market moving events from Europe, including Remy Cointreau reporting a profit warning based on a slowdown in China.
COPENHAGEN, Nov 26- Danish Prime Minister Helle Thorning-Schmidt alienated her centre-left voters when she started cutting one of Europe's most generous welfare systems shortly after she was elected.
*CEO says China of particular concern. FRANKFURT, Nov 26- German fashion house Hugo Boss has abandoned its 2015 profit target, joining the ranks of luxury goods companies warning of slowing sales growth in China.
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostrate cancer treatment, a 27 percent premium to the stock's last close, Algeta said on Tuesday.
*CEO says China of particular concern. FRANKFURT, Nov 26- German fashion house Hugo Boss said it would not meet its target of 750 million euros in core operating profit in 2015 due to slower than expected growth in China and Europe. Shares in Hugo Boss were marked down 6.1 percent in early Frankfurt trades ahead of the wider market open at 0800 GMT.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the rise in airline stocks after news of an Iranian nuclear deal, and Prince Harry beginning his adventure across Antarctica.
*Protests over wages shut factories in Bangladesh. H&M, which did not source from that factory, was the first company to sign a Europe- led safety pact for Bangladesh garment factories after the collapse. It has urged Bangladesh and Cambodia to raise the minimum wage and revise it annually.
BERLIN, Nov 24- Angela Merkel's conservatives and the Social Democrats head into a decisive week of German coalition talks on track to form a government but under fire from their own members for a series of policy compromises.
*Brent crude sinks over $2.40 a barrel on groundbreaking Iran deal. SYDNEY, Nov 25- Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear programme, a fillip for global economic growth that found expression in heartier share prices from Tokyo to Seoul.
FRANKFURT, Nov 24- German labour union Verdi is preparing more strikes to step up pressure on Amazon, the world's biggest Internet retailer, in a dispute over pay and conditions, a newspaper reported. Amazon regards staff in Bad Hersfeld and Leipzig as logistics workers and says they receive above-average pay by the standards of that industry.
BERLIN, Nov 23- German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the euro zone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout.
PARIS/ BEIJING, Nov 23- PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowledge of the matter said.
*EU Commission says suspects price coordination since 2009. BRUSSELS, Nov 22- EU regulators will investigate whether 14 of the world's major container shipping companies, including world No. 1 A.P. The European Commission's action comes as the industry continues to grapple with overcapacity in a faltering global economy.
LONDON, Nov 22- Volkswagen will keep up spending on new and upgraded cars in its drive to become the world's biggest automaker by 2018, while making savings in other areas to cope with rising costs and a tough economic backdrop.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including former Co-operative Bank PLC Chairman Paul Flowers was arrested.