European stocks closed mixed on Monday in thin trading because of a national holiday in the U.S. and on anticipation of a busy week.
European stocks closed in the green on Friday after the two top U.S. economic policymakers said it was not up to the government to rescue bad investments but acknowledged they would intervene to prevent a spillover of the U.S. credit market crisis into the broader economy.
Euro zone inflation was stable at the European Central Bank's target for the 12th straight month in August but consumer expectations of inflation jumped and economic sentiment weakened more than expected, data showed.
European stocks managed to close in the green Thursday after oscillating between the joy of some good corporate results on the continent and worries about credit market woes.
The U.S. Justice Department and other authorities have stepped up investigations into several large European banks for violating sanctions against Iran, Libya, Cuba and Sudan, the Financial Times reported in its online edition.
European stocks closed mainly in positive territory, helped by a morning rally in the U.S.
European stocks closed mixed in the afternoon session Monday, after European Central Bank President Jean-Claude Trichet kept the options open for euro-zone rate moves ahead of an ECB monetary policy meeting next week.
European Central Bank President Jean-Claude Trichet said on Monday his remarks on August 2 were made before the current market turbulence, leaving the options open on whether the ECB will raise its key interest rate at a meeting next week.
German state-backed bank Landesbank Baden-Wuerttemberg agreed on Sunday to buy subprime victim and fellow lender SachsenLB, as pressure mounts for further mergers among German state banks.
European stocks finished the week in the green after stronger-than-expected U.S. durable goods orders and new home sales data on Friday pushed back fears of a spillover of the credit markets crisis to the wider economy.
The European Central Bank is not set on raising rates in September, and its recent reference to its Aug. 2 policy statement was intended to keep options open, national central bank officials have told Reuters.
France on Friday kept up the pressure on the European Central Bank to take account of global financial market turmoil and economic growth when setting interest rates, and said a September rate rise was not a done deal.
Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.
Coca-Cola Hellenic Bottling, the world's second-largest Coke bottler outside the United States, said Thursday that second-quarter net profit rose 17% due to favorable weather conditions.
Shareholders in Borsa Italiana voted Wednesday in favor of a change in their rules necessary for a 1.63 billioneuros ($2.19 billion) takeover by the London Stock Exchange to go ahead.
Alitalia shares fell more than 3% Wednesday, following the resignation of Chairman Berardino Libonati after less than six months with the troubled airline.
Italy cannot hold private talks to sell Alitalia, the economics minister said, as the government struggles to decide what to do with the loss-making carrier.
Italian oil and natural gas company Eni said Thursday second-quarter net profit fell 1.5 percent due to an increase in exploration costs and warm weather cutting into demand at its gas and power division.
Air France-KLM declined comment on Tuesday on the latest in a series of newspaper reports that it remains interested in bidding for Alitalia.
Italy may still find a buyer for Alitalia after its auction to sell the company failed, but the government still faces the possibility of having to liquidate the country's flagship airline, analysts and officials said Thursday.