European shares were called lower on Friday tracking Asian markets overnight after corporate earnings in the U.S. proved a mixed bag and investors waited for euro zone finance ministers to approve an agreement to lend up to 100 billion euros ($122.5 billion) to Spain so it can recapitalize its banks.
European shares were seen opening higher on Thursday on stronger than expected corporate earnings in the U.S. which offset worries about a slowdown in the world’s largest economy and on hopes German lawmakers would approve a planned bailout of the Spanish banking system.
European shares were called to open higher on Wednesday tracking shares in Asia, on hopes of more quantitative easing in the U.S. after Federal Reserve chairman Ben Bernanke outlined a gloomy view of the U.S. economic recovery to Congress on Tuesday.
European markets were looking at a higher open on Tuesday, tracking shares in Asia higher as investors grew hopeful that Federal Reserve chairman Ben Bernanke could signal additional quantitative easing and as Spain tests investors' appetite for its debt for the first time since it announced further austerity measures.
European markets were looking at a mixed open on Monday, with investors searching for direction after Chinese premier Wen Jiabao warned at the weekend that China's economic woes will continue for some time but that the country's fundamentals remain favorable, and with the Tokyo market closed due to a public holiday.
European shares were called to open higher on Friday, tracking shares in Asia higher on relief that figures for second-quarter Chinese economic growth came in within expectations.
European markets were set for a mixed open on Wednesday as fears the economic slowdown would feed into second-quarter corporate earnings increased and investors remained unconvinced the euro zone could get its house in order to bring down the borrowing costs of countries such as Spain and Italy.
The International Labour Organization (ILO) called on European leaders to invest in their economies and make job creation their priority on Wednesday, as it released a new report which showed 3.5 million jobs had been lost since the 2008 financial crisis and a further 4.5 million were at risk.
European shares were seen opening flat on Tuesday after euro zone finance chiefs agreed to give Spain an extra year to cut its budget deficit to 3 percent, while European Central Bank (ECB) President Mario Draghi left the door open to a further cut in euro zone interest rates if economic conditions worsened.
European shares were set for a mixed open on Monday ahead of a euro zone finance ministers meeting in Brussels to flesh out plans to reinforce the single currency.