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Britain was left isolated in Europe on Tuesday after it failed to secure backing to water down new EU rules limiting bankers' bonuses, a measure that could threaten London's dominance as a financial center.
European shares closed higher on Tuesday after upbeat business data from both the U.S. and Europe.
CNBC's Simon Hobbs reports upbeat economic data drove stocks higher in Europe today.
Jon Terry, partner in reward and compensation at PWC, tells CNBC that caps on bankers' bonuses which will prevent pay from being linked to performance, are undoubtedly a bad thing for the industry.
France's finance minister has voiced concern about political and economic deadlock in Europe, but analysts warn his own country needs attention urgently.
CNBC's Kelly Evans reports better-than-expected economic data pushed markets higher in the euro zone.
Britain's services sector grew more strongly than expected in February and at its fastest pace in five months, suggesting the economy may narrowly avoid a triple-dip recession, a survey showed on Tuesday.
Europe's much-vaunted trading tax hit an early hurdle on Friday, when the introduction of a small-scale version in Italy saw trading volumes plummet. What's more, analysts warn that Italy's new tax will drive investors elsewhere and will fail to raise any revenue.
Expect the markets to test Mr Draghi's "pay any price, bear any burden" resolve very soon, at which point markets will correct until and unless euro leaders act fast to introduce the fiscal union necessary to maintain the currency's medium-term viability, writes Professor Moorad Choudhry.
Karen Cho takes you through the European market open, where stocks have come in higher.
Standard Chartered reported pre-tax profit of $6.88 billion for 2012, an increase of 1 percent from a year earlier but below analyst expectations.
The Dunlop and Goodyear plants near Amiens in northern France chose different destinies four years ago when Dunlop's unions accepted tougher labor conditions.
Torsten Muller-Otvos, CEO of Rolls-Royce Motor Cars, tells CNBC that the luxury manufacturer's new Wraith, unveiled at the Geneva Motor Show, is the most powerful Rolls Royce ever built.
Mark Tinker, global portfolio manager at Axa Framlington, tells CNBC that regulators are trying to focus on the origin of the money being moved around the world and Cyprus is part of that.
Stephen Odell, CEO of Ford Europe, tells CNBC that Europe is down between three and five percent, with a lot of indicators suggesting the market has now bottomed out.
The City of London's big banks are considering suing the EU over rules to cap bonuses after receiving legal advice that the pay regulation could be struck down in court. The Financial Times reports.
Frank Appel, CEO of Deutsche Post, tells CNBC that while they expect the first half of the year to be challenging they are confident of meeting the guidance.
Christian Schulz, Senior Economist at Berenberg Bank says the uncertainty from the Italian elections is a setback for confidence returning to Europe. He says there will be an uneven recovery nonetheless.
Euro zone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted out.
Hans Goetti, Chief Investment Officer Asia at Finaport says Europe is essentially in recession when you look at the unemployment numbers. He says central bank action is what is keeping markets up.
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European shares saw a lower open on Thursday as investors considered record highs for the U.S stock market and the likelihood of more monetary easing in the euro zone.
Steve Cook, MD of EM fixed income at PineBridge Investments, says the end of tapering and any outflow from emerging market fixed income will not be the "death knell" for these countries.
Ben Moores, senior commercial aircraft market analyst at IHS, says the low cost carrier model is not working in an era of high oil prices, while long haul airlines are facing competition from government-backed companies.