CNBC's Simon Hobbs reports on all the market moving events in Europe today, including and tumble in European stocks and positive action in French telecom's.» Read More
Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.
Euro zone factory growth sank to its slowest pace in over two years in October, led by a sharp slowdown in Germany and a contraction in Spain, final figures from a key monthly survey showed on Friday.
European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.
Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
Fiat said Wednesday that net profit more than doubled in the third quarter, leading it to raise its full-year targets on a strong performance by its core auto division and good results in its truck and farm machinery operations.
Euro zone services growth bounced back much more than expected this month after hitting a two-year low in September, but the manufacturing expansion waned further, a key survey showed on Wednesday.
European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.
One Bank of England policymaker wanted to cut borrowing costs this month, but was outgunnned by the other eight who argued new forecasts in November would provide a better steer on how the economy was faring.
Euro zone economic growth will slow this year and next as fallout from the summer's financial market turmoil hits housing and a stronger euro crimps exports, the International Monetary Fund said on Wednesday.
Gazprom is ready to sell up to 50 percent of its forthcoming Italian gas distribution and marketing unit to local investors, the daily MF said without giving a source.
Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.
European Central Bank President Jean-Claude Trichet signaled the bank was still biased towards a rate hike, despite calls for action to curb the euro's rise against the dollar.
A sprinkling of deal news, sinking oil prices and a firmer dollar are in the background as stocks edge higher Tuesday. The big news for markets though will come in the Federal Reserve's meeting minutes, set for release at 2 p.m. ET. The minutes of the September 18 meeting and the August 16 call will be released. Traders are watching for hints of what made the Fed take the aggressive step to slash the Fed funds rate by a half point, greater than the 1/4 point widely expected.
European Union finance ministers agreed on Tuesday to review a slew of financial rules in the light of the summer's credit squeeze that tipped securities markets into turmoil.
The Fed and the start of earnings season are two big focuses for stocks Tuesday, after Monday's dullish session. The Fed releases minutes of its September 18 meeting and its August 16 call at 2p ET. This time last week, traders would have been digging into those minutes to find any confirmation of their view that rates will be cut again at the Fed's October 31 meeting.
Germany's finance minister appeared on Monday to dash prospects of a common response by euro zone nations to the single European currency's rising exchange rate, declaring "I love a strong euro."
The world's top banking supervisors gathered on Monday to review remedies to a crisis that has seen a major disruption of the global financial system and risks to global growth.
Spanish energy and infrastructure company Acciona and Italian power utility Enel have gained acceptances for 85.3% of the shares targeted in their tender for Endesa, bringing their combined ownership in the Spanish electricity company to more than 92%.
Euro-zone businesses and households can expect access to bank loans to be tougher in the months to come as banks batten down the hatches in the wake of the credit market turmoil.