The Swiss National Bank said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank.» Read More
European citizens and political leaders welcomed President Barack Obama’s re-election Wednesday. European money was less enthusiastic, the New York Times reports.
Elsa Lignos, Senior Currency Strategist at RBC Capital Markets says that the Eur will hit 1.32 against the dollar as markets haven't fully priced in the positive impact of Draghi's actions back in August.
Michael Gayed, Chief Investment Strategist, Pension Partners says that the market sell-off overnight had nothing to do with Obama's re-election but instead renewed fears about Greece.
Another European Central Bank meeting is almost upon us, and these strategists are getting ready.
Once again, the news from Europe is disturbing. This is your euro trade update.
European shares reversed course on Wednesday to close lower, after data showed weak German industrial production. European indexes had rallied in the morning session after U.S. President Barack Obama won re-election.
CNBC's Simon Hobbs has the story on Germany's disappointing data and a look at why stocks are down two percent, with CNBC's Bob Pisani, and Warren Meyers, DME Securities.
The dollar drags on Obama's win and the euro sags on German gloom — it's time for your FX Fix.
Activist investor Nelson Peltz has for the first time taken his fight to France after acquiring a stake in Danone, one of the country’s best-known companies, the FT reports.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stock move higher on President Obama's re-election win, and better-than-expected earnings.
Here is a question that is exercising central bankers everywhere, particularly those that have embarked on asset purchase and “quantitative easing” (QE) schemes. What to do with one’s billions?
Taxi drivers and hire companies are warning of a worsening shortage of London black cabs that will coincide with the run-up to Christmas, traditionally the busiest time of year for the trade. The FT reports.
Eurozone leaders have given themselves three weeks to finalize an overhaul of Greece’s bailout program, requiring parliamentary backing in creditor countries that are skeptical about reducing Athens’ interest rate burden. The FT reports.
A clear victory by President Obama would boost risk sentiment, this pro says - but not for long.
European equities were lifted by a clutch of strong earnings reports on Tuesday, although volumes were subdued as many preferred to wait for the outcome of the neck-and-neck U.S. Presidential campaign.
When cracks recently appeared in beams of the European Parliament ’s main chamber, forcing its closing, one member, Nigel Farage of the U.K. Independence Party, proclaimed that he would “work for the day that the whole democratic facade of the European Parliament is shut as well,” the New York Times reports.
New measures to ease costs for average Germans come at a time when Chancellor Angela Merkel has been pressing struggling European partners to slash public spending. The changes underscore just how uneven the economic outlook is across the continent. The New York Times reports.
The "Squawk on the Street" news crew reports on how today's election will affect trading. Also, a check on automakers, and a strike in Greece.
Challenging economic conditions may persist in Britain, especially for the retail sector, but two stocks are set defy the gloom and shine in the seasonal shopping period, analysts say.
Investors should brace themselves for a sharp drop in stocks following a rally that started in June and moved towards a peak following the announcement of a third round of quantitative easing (QE3) in the United States, David Murrin, CEO at Emergent Asset Management said on Tuesday.
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As U.K. political parties fight on the country's membership into the EU, a new survey reveals businesses are turning increasingly positive about the Union.
Geoff Dennis, head of GEM equity strategy at UBS, says low oil prices are good for growth in most emerging markets.
George O'Connor, senior analyst at Panmure Gordon, says there are two main reasons behind the 'big move' in Oracle's shares recently.