CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a fall in euro zone inflation and the EU ban on five Russian banks from raising capital.» Read More
*Shares in Adidas and Banco Espirito Santo slump. LONDON, July 31- European shares fell sharply on Thursday, with the euro zone's blue-chip index slipping to a three-month low, on concerns of an earlier than expected interest rate hike in the Uniteed States and a debt default by Argentina.
*Wall St tumbles with Dow, S&P turning negative for July. NEW YORK, July 31- Doubts on whether stock markets can ride out a tightening of U.S. monetary policy dominated trade on Thursday, sending major U.S. stock indexes down more than 1 percent, while the dollar edged higher against a basket of major currencies.
*Adidas, Banco Espirito Santo shares slump. LONDON, July 31- Europe's FTSEurofirst 300 share index hit a three-week low on Thursday, led lower by Adidas after the group warned about business in Russia.
*Adidas, Banco Espirito Santo shares slump. LONDON/ PARIS, July 31- Europe's FTSEurofirst 300 index of top shares slipped to a two-week low on Thursday, led lower by Adidas after the group warned about business in Russia, while Argentina's default also rattled investors.
PARIS, July 31- European shares fell in early trade on Thursday, led by Adidas after the group warned about business in Russia, while Argentina's default also rattled investors. Spanish stocks also underperformed, with Madrid's IBEX dropping 1.5 percent, as traders cited worries over Spanish companies' exposure to Latin America after Argentina's debt default.
*Madrid shares hit after Argentina defaults again. LONDON, July 31- Doubts about the health of Europe's economy dominated trade on its major stock markets on Thursday after a cautious message from the U.S.
MADRID— Spanish train workers have begun a nationwide strike as one of the country's busiest holiday periods kicks off. Workers for the state train company Renfe and rail infrastructure firm Adif began the strike Thursday to protest staff shortages and company plans to privatize certain operations.
*BBVA Q2 profit falls 39 pct year on year. *BBVA shares up, Popular flat. MADRID, July 30- Spain's BBVA posted a lower-than-expected drop in second-quarter lending revenue on Wednesday, helped by resilience in its biggest markets Mexico and improvements in other overseas markets such as Turkey.
MADRID— Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
HONG KONG, July 30- China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle said on Wednesday. San Francisco and Chicago followed with $548 million and $365 million, respectively.
LONDON, July 29- Weak consumer spending and intense competition among retailers are forcing some makers of packaged goods to lower their prices, intensifying the threat of euro zone deflation.
Don't look now, but European bond investors are sending yields to lows unseen in at least 200 years.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including talks of sanctions against Russia and a ruling by The Hague against the Russian government to pay more to ex-Yukos shareholders.
Marcus Ashworth, head of fixed income at Espirito Santo Investment Bank, discusses European peripheral bonds, after the Spanish 10-year yield fell below 2.5 percent for the first time ever.
Spanish lender Bankia announced a near-doubling of quarterly net profit on Monday. CFO Leopoldo Alvear joins CNBC to discuss.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including U.K. GDP growing at an annualized rate of 3.1 percent and LVMH's earnings miss in Asia.
PARIS— French soldiers recovered a black box from the Air Algerie wreckage site in a desolate region of restive northern Mali on Friday, officials said.
OUAGADOUGO, Burkina Faso— An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, the third major international aviation disaster in a week.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.
ALGIERS, Algeria— An Air Algerie flight carrying 116 people from Burkina Faso to Algeria's capital disappeared from radar early Thursday over northern Mali during a rainstorm, officials said.