CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the German Dax rises for the tenth straight session and European Commission president Jean-Claude Juncker unveils a "pea-shooter."» Read More
Enel shares outperformed a falling European stock market on Monday on a report Germany's E.ON could buy shares in its Italian rival as a bargaining tool in their battle over Spanish power firm Endesa.
Italian centre-left leader Romano Prodi was re-confirmed as prime minister on Friday when he won a second and final confidence vote in parliament, ending a political crisis and ensuring there will be no snap election.
Italy's former power monopoly Enel announced Thursday that it has boosted its nearly 10% stake in Spain's Endesa by another 7%, through a share swap deal with UBS.
Early buying interest is putting a firm foundation under stocks so far this morning. European stocks are moving up on earnings news, and Japan ended higher, comforted by comments that the Bank of Japan will move slowly with any further rate increases.
Italy's government, divided over the Afghan war and ties with the U.S. military, lost a crucial vote on foreign policy on Wednesday that plunged Prime Minister Romano Prodi into his worst crisis since taking office in May.
Italy opened the bidding process for state-controlled airline Alitalia on Friday, hoping private investors will succeed in reviving the unprofitable carrier after repeated injections of state aid failed to do so.
Italy's lower house of parliament holds a vote of confidence tied to the 2007 budget Thursday, in a final push to pass the contested measures before the end of the year.