The European Central Bank will fulfil its mandate in the next weeks, says Emmanuel Macron, French economy minister, adding that France will put forth further reforms to parliament.» Read More
I just finished a quick hit on "Street Signs" with Erin Burnett. The Fed kept the Fed Funds rate unchanged but I like the statement they issued. I read it as saying the upside risk to inflation is more on their minds than anything else.
Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.
The markets have worked themselves into a frenzy of navel contemplation about today's Fed meeting, and the "consensus" seems to be investors are collectively worried about Ben Bernanke & Co. sounding too hawkish.
Germany may report a shrinking in its economy for the second quarter of this year and stagnation would probably be a positive outcome, Deputy Economy Minister Walther Otremba said on Tuesday.
In the view of a central banker, the worst thing about skyrocketing food and energy prices is not their rise, but that most people think higher prices are here to stay, the New York Times reported.
Euro zone services and manufacturing activity both fell unexpectedly into contraction in June, a key survey showed on Monday, although the weakness may not be pronounced enough to deter an ECB rate hike in July.
Surging food and fuel prices are a key concern of European Union citizens, but EU leaders must be honest that there are no quick fixes to the problem, European Commission President Jose Manuel Barroso said.1st paragraph of story should go here
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
The euro zone unexpectedly swung to a trade surplus in April from a deficit in March, data showed on Tuesday, as the region's strong currency failed to subdue exports and imports expanded quickly.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.
Surging food and fuel prices drove euro zone inflation to a new record high of 3.7 percent year-on-year in May, data showed, cementing expectations that the European Central Bank will raise interest rates on July 3.
European Union foreign ministers start picking up the pieces on Monday after Ireland's "No" to an EU reform treaty cast doubt on whether measures meant to improve the enlarged bloc's working will ever take effect.
Irish voters have rejected the EU's Lisbon treaty in a referendum, Irish Justice Minister Dermot Ahern conceded on Friday.
Lehman Brothers downgraded continental European stocks to "underweight" from "overweight," while raising U.S. equities to "overweight" from "underweight."
A cut, given inflation rates, would simply make it more likely that we would enter recession at some point. If prices keep rising significantly, then the fiscal and monetary response will have to be more drastic somewhere down the road.
The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.
The European Central Bank's inability to raise rates may mean the time for a jump back into the dollar has arrived, as the full effects of the credit crunch still have to be felt in Europe, analysts told CNBC.com.
The European Central Bank's hawks must be aching to hike rates, but they will likely sit on their hands again and leave rates at 4 percent despite inflation rising to 3.6 percent in May.
Sky-high fuel and food prices crashed the party when finance ministers flocked to Frankfurt to celebrate the inflation-fighting European Central Bank's 10th birthday on Monday, a milestone in Europe's monetary union.
European stocks are set to stay range-bound this week as the subprime crisis continues to take its toll on confidence and rising inflation means investors do not expect the European Central Bank to cut rates any time soon.