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CNBC's Ross Westgate reports European markets made solid gains after Congress approved a bill to avoid the "fiscal cliff."
The Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) rose to a 15-month high of 51.4 in December from an upwardly revised 49.2 in November - a far stronger increase than any predicted in a Reuters poll of 24 economists.
The much-maligned peripheral economies of the euro zone are showing some encouraging signs, leading to talk of a revaluation which would have seemed optimistic for most of last year.
Tom Elliott, global strategist at JP Morgan Asset Management, tells CNBC that despite the fiscal cliff he still has confidence that US equity returns will be positive this year.
The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.
Kit Juckes, global head of foreign exchange strategy at Societe Generale, tells CNBC that the gap between Europe and the United States has never been greater.
Stephane Deo, global head of asset allocation at UBS shares his views on whether the European Central Bank will step in and do more in 2013.
CNBC's Steve Sedgwick takes you through the open of the European market on the 2nd of January 2013.
Ireland will be the poster child of austerity success and will emerge from economic ruin to achieve strong growth and job creation, the country's deputy prime minister told CNBC.
Armed robbers targeted an Apple store in central Paris on New Year's Eve, taking thousands of euros (dollars) worth of goods, a police official said on Tuesday.
Peter Chatwell, interest rate strategist at Credit Agricole Corporation, tells CNBC that 2013 will see more rallying in the yields of periphery markets.
Warmer temperatures mean soon you may have to pay more for your favorite Bordeaux — if you can find it, the Global Post reports.
This year risks being a "groundhog year" for the U.K.'s embattled economy as it threatens to repeat much of 2012's gloom, according to an influential think tank.
Richard Yetsenga, Head of Global Markets Research, ANZ says a U.S. fiscal cliff agreement is slipping away, but he doesn't think investors will be buying into the U.S. dollar as a safety bid.
With less than 20 minutes to go in the last trading session of 2012, what do you need to know about 2013? John Manley, Wells Fargo Advantage Funds and Chris Konstantinos, Riverfront Investment Group, discuss.
An embarrassing derailment of France's 75 percent millionaires' tax may open an opportunity to water down a scheme that had damaged the country's image with international investors.
CNBC's Steve Sedgwick reports on all the market moving events from Europe, as fears over a lack of resolution to the U.S. "fiscal cliff" sent the FTSE 100 lower.
The practice of short selling, betting that stock will fall to profit from the decline, has declined, according to research firm Markit, and this trend is much more pronounced in Europe than it is in the U.S.
Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely.
The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has said in her New Year's address.
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Global Head of Forex Strategy at Nomura Securities International, Jens Nordvig, says the Fed's message was a "catalyst" for the rally to start again in some forex moves.
"The world is going to be perpetually volatile" with more and more investors and faster and faster technology, Michael Yoshikami, founder and CEO of Destination Wealth Management, told CNBC.
Chairman & CEO Royal Caribbean Cruises, Richard Fain, says the line is "going after the new Chinese customer" as the market's interest is now "exploding" for their product.