CNBC's Simon Hobbs breaks down the performance of European stocks in the month of August, including an outperform for the German bond market.» Read More
The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.
The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.
Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.
Euro-zone investors are the gloomiest in 2-1/2 years and their expectations for the next six months are the most pessimistic on record as the credit crunch continues to depress sentiment, a survey showed on Monday.
Telecom Italia is considering selling its unprofitable French broadband unit, sources close to the situation told Reuters on Monday.
High oil prices, driving up the cost of transportation and other services, as well as spiraling food prices contributed to euro-zone inflation staying well above the target while Swiss inflation came in at a 12-year high, data showed on Friday.
European shares ended the first day of trading in 2008 on a negative note Wednesday, as worries over global growth -- exacerbated by evidence of a contraction in U.S. manufacturing -- overshadowed news of consolidation in the banking sector.
European equities ended flat on Monday in thin trade as key markets stayed closed, with the region notching a slender gain of 1.5 percent in 2007, its worst performance since 2002 as a credit crunch whacked stocks.
European shares were broadly lower Friday, as weakness in banking stocks dampened investor sentiment, but U.S. stocks made firm gains at the open on the Wall Street.
Capgemini shares rose on Monday after a newspaper said Wipro, India's third-biggest software exporter, was expected to bid for the French computer consultancy firm.
The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.
Several top central banks including the Federal Reserve and the European Central Bank announced plans to address elevated pressures in short-term funding markets.
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.
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.
Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.
Shares in airline Iberia fell Tuesday after a group led by U.S. private equity firm TPG announced that it was withdrawing its 3.41 billion euros ($5.07 billion) bid for Spain's flagship carrier.
The controlling shareholders of Telecom Italia on Monday designated Franco Bernabe the new chief executive and Gabriele Galateri the new chairman, in a move that should end a period of limbo at Europe's fifth-largest telecommunications company.
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.
The strength of the euro, at a record high versus the dollar, is becoming a problem for Europe's exporters, the president of the European Commission said on Thursday.
French President Nicolas Sarkozy will in a forthcoming visit to China call for an "equitable and fair" relationship between four major currencies -- the dollar, euro, yen and yuan, a senior French official said on Thursday.