- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Greek Cabinet Approves EU, IMF Bailout Bill
- The Week Ahead: Sharp Eye on Greece
- Your First Move For Monday February 13th
- When Love and the Fed Collide
- Why Greece Will Default, Leave the Euro Zone
- How Rescuing Greece Could Destroy the World
- Cramer: 10 Earnings to Watch Next Week
- Obama Backs Down on Birth Control Plan
- Private Homebuilders: Dead Men Walking
- 2012: The Year of the Stock Picker
MOST POPULAR
HOT ON FACEBOOK
European Stocks Close Mixed; Markets Await Rates News
Text Size 
European stocks closed the week mixed as euphoria over lower-than-expected U.S. inflation data waned, and investors began looking ahead to next week's interest rate decisions from the European Central Bank and Bank of England.
The major European indexes extended losses early in the session, as a surprise surge in euro-zone inflation and weaker-than-expected retail sales figures from Germany added to concerns over the financial sector.
Shares regained some ground in early afternoon after U.S. inflation data came out. U.S. stocks opened largely flat as the dollar held near a record low against the euro.
The London FTSE-100 [FTIND
Loading...
()
] and Paris CAC-40 [CAC40-FR
Loading...
()
] were lower, while the Frankfurt DAX [DAX-XE
Loading...
()
] inched into the green. The FTSE CNBC Global 300 [FCNBCG
Loading...
()
] was flat.
The FTSE, the CAC and the DAX ended the quarter in the red, while the FTSE CNBC Global 300 finished on the upside.
New York light sweet crude [US@CL.1
Loading...
()
] slid below $83 a barrel but remained within reach of all-time highs.
Corporate Warnings
In corporate news, troubled German lender IKB Deutsche Industriebank warned investors it could lose $1 billion this year due to exposure to U.S. suprime mortgages. Shares of IKB, which have lost nearly half their value in the past three months and continued to decline at the open, closed higher by 0.65%.
U.K. sugar maker Tate & Lyle also warned that higher corn costs, a corn gluten export ban and a weaker dollar would hit profits. Shares of Tate & Lyle plunged nearly 28%.
"It doesn't look like there's much of a relief in the short term, so probably that's why the stock was sold so much," Simon Denham from Capital Spreads told "Worldwide Exchange."
And the tight credit conditions continued to cause problems for the U.K.'s Northern Rock as the battered mortgage lender borrowed a further $10 billion from the Bank of England's penalty facility, the Financial Times reported Thursday. Shares closed 7.5% lower.
Meanwhile, Alcatel-Lucent's board of directors delivered an ultimatum to its chief executive Patricia Russo, demanding the telecom boss produce an emergency restructuring plan within a month, the Financial Times reported on Friday. Shares gained 3.6%.
Staying in the telecom sector, France Telecom agreed to sell its Orange Netherlands unit to Deutsche Telekom in a deal worth 1.3 billion euros ($2.7 billion). Shares of France Telecom were 0.5% higher and Deutsche Telekom rose 0.3%.
Next week looks busy for European investors, with both the European Central Bank and the Bank of England holding rate-setting meetings. Economists predict that both banks will keep rates flat as the financial turmoil has not yet ended.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
