Europe News


  • Death Cross

    Gillian Tett of the Financial Times says markets may be headed for another "summer curse" and she points to five reasons why.

  • Sell Euro When It Moves Above 1.24     Thursday, 5 Jul 2012 | 10:40 PM ET

    Paul Mackel, Senior FX Strategist, HSBC says markets will jump at opportunities to sell the euro on rallies, adding that the currency could hit a record low this year.

  • More Easing From the ECB Likely     Thursday, 5 Jul 2012 | 7:30 PM ET

    Kathy Lien, Managing Director, BK Asset Management says that given the pessimistic outlook from the ECB, traders are expecting more easing from the central bank.

  • Bob, Barclays & the Brits     Thursday, 5 Jul 2012 | 1:06 PM ET

    On July 4, members of UK Parliament grilled an American banking executive who had to resign this week. CNBC's Kelly Evans offers an update on Barclays' rate fixing scandal.

  • Countdown to Jobs Friday     Thursday, 5 Jul 2012 | 11:36 AM ET

    Jeffrey Cleveland, Payden & Rygel senior economist, discusses today's ECB interest rate cut, and whether a weak jobs number tomorrow will drive the Fed to issue additional quantitative easing.

  • Global Markets Close Lower     Thursday, 5 Jul 2012 | 11:30 AM ET

    CNBC's Michelle Caruso-Cabrera reports European shares closed lower after negative comments from ECB President Mario Draghi, and a look at the impact on U.S. markets, with CNBC's Mary Thompson.

  • Is Congress to Blame for a Downshifting US Economy? Thursday, 5 Jul 2012 | 11:17 AM ET

    Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll., the Christian Science Monitor reports.

  • Manchester United Plans US IPO     Thursday, 5 Jul 2012 | 9:49 AM ET

    Discussing the conditions of Manchester United's U.S. IPO plans, with Dennis Berman of The Wall Street Journal. "These are emotional companies, people have obviously very strong feelings for the soccer club, and that is why I almost find it exploitive," says Berman.

  • Barclays Scandal Fallout     Thursday, 5 Jul 2012 | 9:44 AM ET

    Moody's and Standard & Poor's both lowered their outlooks on Barclays to "negative" from "stable" in the wake of the interest rate manipulation scandal. CNBC's Kelly Evans reports.

  • Unanswered Questions on Barclays Remain Thursday, 5 Jul 2012 | 8:44 AM ET

    It lasted more than three hours. But despite speaking fluently for most of that time, Bob Diamond’s interrogation by MPs on Wednesday left unanswered many of the questions surrounding Barclays, the bank from which he resigned as chief executive on Tuesday. The FT reports.

  • Mobius: 'I'm Optimistic About Europe     Thursday, 5 Jul 2012 | 8:00 AM ET

    In these excerpts from a live interview, Mark Mobius, executive chairman at Templeton Emerging Markets Group, tells CNBC why he is optimistic about Europe.

  • CNBC's Kelly Evans reports on all the market moving events from Europe, including UK lawmakers voting on the next step for the Libor rate-fixing probe, and an expected rate cut by the ECB.

  • Room for Optimism on Europe: Mark Mobius Thursday, 5 Jul 2012 | 6:04 AM ET
    Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group

    There is room for optimism that Europe's economy will recover, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC on Thursday, as companies in fast-growing emerging markets look to make acquisitions in the region.

  • Spain’s Banking Crisis Moves Into the Courtroom Thursday, 5 Jul 2012 | 3:50 AM ET
    Tenure: June 7, 2004 – October 31, 2007Rodrigo de Rato was the third IMF managing director in a row to resign. After only three years in office following his appointment as Köhler’s replacement, the Spaniard decided to leave the IMF "for personal reasons." He went on working as a counsellor for Criteria-Caixacorp, Banco Santander – the largest European private bank – and Lazard. In 2009, de Rato announced he would give up these positions to join Caja Madrid, and become the Spanish savings bank’s

    Spain’s banking crisis has moved into the courtroom, the New York Times reports.

  • Spanish Banks’ Tale of Woe to Drag On Thursday, 5 Jul 2012 | 3:10 AM ET

    There is still more agony to come for Spanish banks, the Financial Times reports.

  • Barrier to More QE High     Wednesday, 4 Jul 2012 | 7:30 PM ET

    Ray Attrill, Co-Head of FX Strategy at NAB says that the barrier to more QE from the Fed is pretty high.

  • 25 Basis Point ECB Rate Cut Baked into Markets     Wednesday, 4 Jul 2012 | 7:10 PM ET

    Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC says that markets are focusing on whether the ECB will cut bank deposit rates.

  • Rate Fixing Scandal Is International: EU’s Almunia Wednesday, 4 Jul 2012 | 8:16 AM ET

    The rate fixing scandal currently engulfing British bank Barclays will not stop at the UK’s borders but is likely to involve banks in a number of countries, Joaquín Almunia, EU Commissioner for Competition, told CNBC Wednesday.

  • A Step At Last in the Right Direction Wednesday, 4 Jul 2012 | 3:40 AM ET
    European Union Flag

    I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit, the Financial Times reports.

  • Libor Spotlight Falls on Critical Days in 2008 Wednesday, 4 Jul 2012 | 1:25 AM ET
    Bob Diamond

    The appearance of Bob Diamond, the departed chief executive of Barclays, before a UK Treasury select committee on Wednesday will focus attention on movements in the London interbank offered rate over a crucial two-day period at the height of the financial crisis in 2008, the Financial Times reports.

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