Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course.» Read More
CNBC's Simon Hobbs reports April's jobs reports in the U.S. boosted EU stocks to a five-year high.
European shares closed higher on Friday after non-farm payrolls data from the U.S. came in better-than-expected.
The ruling Conservative party in the U.K. took a blow on Friday after the anti-European Union U.K. Independence Party (UKIP) made major gains at local elections.
The EU's growth forecasts are proving to be so off the mark, that the real question is whether anyone should even pay attention to them.
CNBC's Kelly Evans reports on Friday's market moving events from Europe, as investors await the release of nonfarm payrolls data in the U.S.
The euro zone economy will shrink by 0.4 percent this year and grow 1.2 percent next year, the European Commission said on Friday, but the recovery is expected to be too slow to reduce joblessness.
Kelly Evans discusses her experience on Worldwide Exchange and what made her year in London so memorable.
A former aide to Christine Lagarde has come under suspicion of attempting to influence a decision on the trajectory of the high-speed train line to prevent it from cutting through his mother's garden.
Charles Diebel, head of market strategy at Lloyds Bank, helps out Kelly on her last day at Worldwide Exchange and delivers the European market report.
Charles Diebel, head of market strategy at Lloyds Bank, says the ECB's strategy is to lower the fragmentation issue by weakening the euro to help peripheral countries.
Wolfgang Schafer, CFO at Continental AG, discusses the quarterly earnings and explains why he expects the rest of the year to improve with China and the U.S. offsetting Europe.
Duncan Farr, European banks specialist at Nomura, says the environment for European banks is very "tricky" as a large number of banks will continue to be in a deleveraging phase for a few years.
The euro jumped against the dollar after ECB Governing Council Member Ewald Nowotny told CNBC on Friday that the markets over-interpreted Mario Draghi's comments on negative deposit rates.
Karen Tso takes you through the European market open where stocks have come in higher.
Ewald Nowotny, member of the Governing Council of the European Central Bank (ECB), tells CNBC that markets over interpreted the possibility of negative deposit rates and there is no specific plan in that direction.
U.K.-government owned Royal Bank of Scotland said it wanted to start writing the sale prospectus for investors in mid-2014 or earlier.
European Central Bank board member Erkki Liikanen told CNBC on Friday that he agreed with the bank's decision to cut interest rates by 25 basis points and said there was no split on the governing council regarding the decision.
Erkki Liikanen, ECB board member, tells CNBC that took action in yesterday's ECB meeting and they are ready and able to act again.
Three senior executives at Royal Dutch Shell have been identified by shareholders and analysts as potential successors to Peter Voser, who announced he would be stepping down as chief executive, the FT reports.
The euro is slowly recovering ground vs. the dollar after taking a knock yesterday on comments from the ECB president, Mario Draghi, who said that the central bank was open to more stimulus. Geoff and Julia report live from Bratislava, where the meeting took place.
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Peter Frank, executive director of BBVA, talks about currencies, in particular the strength of the US dollar vs. the euro.
Notis Marias, Greek Independent MEP, explains why he thinks that the European Central Bank is profiting from Greece's debt.
Discussing its situation with Russia over gas supplies, Andriy Kobolyev, CEO of Naftogaz, talks about the disruption to its gas supply network, and its impact on the company.