Europe News


  • Diamond Quits as Barclays Chief Tuesday, 3 Jul 2012 | 4:50 AM ET
    Barclay's Bank

    Bob Diamond has resigned with immediate effect as Barclays chief executive, bowing to public and political pressure over the Libor rate-setting scandal. The FT reports.

  • PM Mocked for 'Hokey-Cokey' Over Europe Tuesday, 3 Jul 2012 | 2:46 AM ET
    David Cameron

    David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.

  • Draghi Gets Powers to Rival Bernanke Tuesday, 3 Jul 2012 | 2:39 AM ET
    Mario Draghi

    The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.

  • ECB to Cut Rates This Week   Monday, 2 Jul 2012 | 7:45 PM ET
    ECB to Cut Rates This Week

    Tony Farnham, Economist at Patersons Securities says that the ECB has bought itself a little bit more time with the bailout deal for Italy and Spain, and will likely cut rates this week.

  • ISM Cools Stock Rally   Monday, 2 Jul 2012 | 7:18 PM ET
    ISM Cools Stock Rally

    After stocks rallied big time on last week's European Summit, markets took a hit in today's session on weak manufacturing data before recovering. Donald Luskin of Trend Macro and David Goldman of Macro-Strategy, weigh in.

  • Global Economy Will See 'Sub-Par' Growth   Monday, 2 Jul 2012 | 7:10 PM ET
    Global Economy Will See 'Sub-Par' Growth

    Russ Koesterich, Global Chief Investment Strategist at Blackrock iShares says investors have to be realistic about global growth, and may have to accept that economies will be expanding at a slower pace, even in the emerging markets.

  • EU Credit Squeeze Affecting Global Trade   Monday, 2 Jul 2012 | 6:35 PM ET
    EU Credit Squeeze Affecting Global Trade

    Gary Schlossberg, Chief Economist, Wells Capital Management says that European banks account for a disproportionate share of global trade credit, and the current credit squeeze in Europe is affecting global trade.

  • ISM Shows What to Expect for US Q2 Earnings   Monday, 2 Jul 2012 | 6:10 PM ET
    ISM Shows What to Expect for US Q2 Earnings

    Michael Jones, Chairman & CIO, Riverfront Investment Group says the weak ISM data from the U.S. on Monday is an indication of what investors should expect of second-quarter earnings.

  • Trading Today's ISM Data   Monday, 2 Jul 2012 | 5:21 PM ET
    Trading Today's ISM Data

    The market is reacting today to lower-than-expected ISM data. Joe Lavorgna, Deutsche Bank chief U.S. economist explains why he is bullish overall. "A lot of these numbers, I think, are sentiment oriented," says Lavorgna.

  • Previewing the Second Half of 2012   Monday, 2 Jul 2012 | 3:45 PM ET
    Previewing the Second Half of 2012

    How will the markets change over the second half of the year and ahead of election season? Sam Stovall, S&P Capital IQ, and Andrew Goldberg, JPMorgan Funds, provide perspective. "Our belief is that we probably could see a better second half, but I wouldn't really say a big rally," says Stovall.

  • Airbus CEO: Alabama Plant & European Debt   Monday, 2 Jul 2012 | 2:23 PM ET
    Airbus CEO: Alabama Plant & European Debt

    Airbus president & CEO Fabrice Bregier, offers insight on his company's plans to build its first U.S. plant in Mobile, Alabama, and weighs in on the state of the global economy.

  • Gold Prices Closing   Monday, 2 Jul 2012 | 1:31 PM ET
    Gold Prices Closing

    Gold is just under $1600 per ounce now, and traders are continuing to watch the "anti-inflationary" sentiment that may be out there, reports CNBC's Sharon Epperson.

  • How to Trade the Euro After the Summit Monday, 2 Jul 2012 | 1:09 PM ET

    The euro got quite a lift from the European Union summit, but this strategist says the party's over.

  • factory-worker2-200.jpg

    With Friday’s employment report looming, a surprise contraction in manufacturing activity in June raises the specter that the current economic soft patch may lead to something more dire.

  • Airbus Spreads Its Wings in Alabama Monday, 2 Jul 2012 | 11:59 AM ET
    The flight deck of Emirates Airbus A380

    Airbus, the European commercial airplane giant, is spreading its wings further into the U.S. with a new final assembly plant in Mobile, Alabama.

  • Euro Recedes as Central Bank Meeting Looms Monday, 2 Jul 2012 | 8:23 AM ET

    Summit euphoria ebbs and central bank confabs await — it's time for your FX Fix.

  • Private Equity's Take on the Economy   Monday, 2 Jul 2012 | 8:03 AM ET
    Private Equity's Take on the Economy

    Is the U.S. economy treading water?" Rodger Krouse, Sun Capital Partners co-CEO, provides perspective on the state of the U.S. and global economy.

  • Global Markets Update: 'Beyond Berlin'   Monday, 2 Jul 2012 | 6:10 AM ET
    Global Markets Update: 'Beyond Berlin'

    CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at European stocks reaching two-month highs, drawing support from policy measures to battle the euro zone crisis.

  • Poland’s Growth Defies Euro Zone Crisis Monday, 2 Jul 2012 | 2:37 AM ET
    Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    As EU leaders scramble to save the euro zone and cobble together policies to restore growth, Poland is solidifying its position as the union’s fastest growing economy, the Financial Times reports.

  • Esma Probes Agencies’ Views on Banks Monday, 2 Jul 2012 | 2:01 AM ET

    The pan-European markets regulator has launched a probe into the way the big three credit rating agencies evaluate banks to determine if the process is sufficiently rigorous and transparent, the Financial Times reports.

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