Europe Shares Close Mixed; Italy, Spain Lag
European Closing Bell
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There are no signs of a turnaround for the euro zone after six straight quarters of recession, and even once mighty Germany is struggling, according to the Royal Bank of Scotland's latest World Economy Barometer.
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David Sneddon, managing director and global head of technical analysis at Credit Suisse, says the bounce in gold prices is a "corrective rally" and thus remains bearish on gold.
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France may be facing declining growth in the euro zone, but the country is hoping to capitalize on strong demand in China for its 'nouveau-riche' products.
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Risk appetite returned to European markets on Thursday, as investor confidence got a further boost from the news that the U.K. avoided a triple-dip recession in the first quarter.
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Elsa Lignos, G10 currency strategist at RBC Capital Markets, remains positive on the U.K. pound and expects it to strengthen.
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Riccardo Ronco, technical analyst at Aviate Global, analyses the performance of the S&P 500 as well as peripheral 10-year bond yields, and says Greece is more likely to bring another crisis than Italy.
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Thomas Mayer, senior adviser at Deutsche Bank, says that despite markets treating France as "the Siamese twin of Germany", investors should worry about French economic fundamentals.
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Lorenzo Bini Smaghi, former member of the ECB's executive board, doubts that Italian parties will be above to find a middle ground, as uncertainty over the timing of the next elections remains.
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Valentijn Van Nieuwenhuijzen, head of strategy at ING Investment Management, says the appointment of Enrico Letta as prime minister reduces the potential for Italy to become the catalyst for another European crisis.
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Italy's political deadlock may be over after the country's President nominated center-left politician Enrico Letta as prime minister on Wednesday. He has already signaled that Italy could now turn away from austerity.
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Roelof Van Den Akker, technical analyst at ING Wholesale Banking, analyses the DAX performance following a surprising decline.
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Jean-Claude Biver, chairman at Hublot, talks about the outlook for Swiss watch and says that many regions are booming such as Latin America and Russia, and how Europe is a growth area.
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Mike Amey, portfolio manager at Pimco, discusses expectations for the U.K's first quarter GDP and says the government "missed the trick on the funding for lending scheme".
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European shares closed higher on Wednesday, after weak German business sentiment data spurred hopes the ECB might move to cut interest rates when it meets next week.
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Alec Young, global equity strategist at S&P Capital IQ, believes the ECB will cut its interest rate and advises investing in the defensive sector, which benefits from easing more than cyclical stocks.
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Tim Urquhart, senior automotive analyst at IHS, discusses European auto makers' results, and says that the big issue for Peugeot is its structural dependence on the European market.
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Daniel Harden, senior commercial dealer at Global Reach Partners, says the hunt for yield is keeping the euro/dollar stable, but warns that it will fall further, as euro zone fundamentals are deteriorating.
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Stephen King, chief global economist at HSBC, comments on the appointment of a new Prime Minister in Italy and doubts the country's ability to keep a grand coalition in place.
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Ericsson CEO Hans Vestberg discusses quarterly results with CNBC. He says the telecoms giant saw growth in eight out of 10 regions, with North America playing "a very vital role".
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Rachel Galley from Rachel Galley jewellery and Maurice Helfgott, founder of Amery Capital, talk to CNBC about how you help start-ups succeed.
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Richard Perry, chief market strategist at Central Markets, joins CNBC for a technical look at the markets.
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Email: EuropeanClosingBell@cnbc.com
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Monday - Friday 17:00 - 18:00 CET
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Bojesen anchors "European Closing Bell." In addition, she reports for CNBC U.S., CNBC Asia, NBC, and MSNBC.