European stocks closed lower across the board Wednesday as bigger-than-expected writedowns from UBS added to the general gloom surrounding the banking sector and did nothing to calm investors’ jitters ahead of an expected interest rate cut in U.S.
Europe's major stock indexes closed higher across the board Tuesday, buoyed by hopes that the Federal Reserve will cut interest rates again on Wednesday in order to avoid the world’s largest economy going into a recession.
European stocks ended mostly in the red Monday, but off earlier lows caused by a surprise 4.7 percent drop in US new home sales, which left the bears firmly in control ahead of the Federal Reserve's interest-rate meeting Wednesday.
Investors breathed a sigh of relief as the end of a highly volatile week in European stock markets left the benchmark indexes largely unchanged from their starting positions.
European stocks soared Thursday, making a comeback from recent lows and shrugging off news of fraud that caused French bank Societe Generale billions of euros in losses.
European stocks ended sharply lower Wednesday as the realities of a slowing economy began to settle on market sentiment following the emergency interest rate cut from the Federal Reserve Tuesday.
European stocks ended firmly higher Tuesday, with the exception of Frankfurt’s DAX, after the Federal Reserve attempted to calm market troubles by cutting U.S. benchmark interest rates by 75 basis points.
Europe's major stock indexes suffered their biggest one-day selloff since Sept. 11, 2001 Monday and lost over $300 billion in market value.
European stocks closed mixed Friday after a short rally during the day after better-than-expected consumer confidence data from the U.S. and on the back of talk of consolidation in the mining sector.
Europe's major indexes closed lower across the board Thursday despite assurances from Federal Reserve Chairman Ben Bernanke that he would act agressively to counter the risks of a U.S. recession.
European shares ended firmly lower Wednesday after a volatile trading day as fears of a prolonged slowdown in the U.S. brought sellers into the market.
European markets ended sharply lower Tuesday, tracking U.S. stocks, which were dragged down by weak retail sales and an announcement by Citigroup of a bigger-than-expected fourth-quarter loss of $9.83 billion.
Europe's major indexes ended slighlty higher Monday, despite early losses, as banking stocks made firm gains and helped to overcome worries about a U.S. recession.
Europe's major stock indexes were mostly lower at the end of the trading week Friday, mirroring a selloff in U.S. stocks, as reports banking giant Merrill Lynch faced further writedowns dampened investor sentiment. Unilever and L'Oreal also suffered sharp selling from broker downgrades.
European shares lost ground on Thursday, hitting their lowest point so far this year after the European Central Bank reinforced its willingness to raise rates to counter inflation.
European equities dropped on Wednesday, ending at their lowest close in 1-1/2 month as worries over the prospect of a U.S. recession rattled investors, while retail shares sank after Mark and Spencer's profit warning.
European markets ended mostly higher Tuesday as weak U.S. home-sales data raised expectations of an interest rate cut in America later in the month. The major indexes were already higher as investors bought up defensive stocks such as pharmaceuticals and telecoms in the face of a potential recession in the U.S.
European stock markets ended mixed Monday after a wobbly start to the week, as fears that the U.S. economy risks plunging into a recession following Friday's weak December employment report were reignited.
European shares fell nearly 2 percent on Friday in their worst sell-off in almost a month, as concern about the outlook for U.S. economic growth resurfaced after surprisingly weak employment data.
European equities bounced from the day's lows to end with small losses on Thursday, as gains in U.S. markets and rising oil shares offset the impact of weakness in banks -- last year's worst performers.