European shares were set to open flat to lower on Wednesday as caution over the euro zone debt crisis prevailed ahead of a closely-watched Portuguese bond auction.
Greek Finance Minister George Papanconstantinou sought to reassure investors over the country’s debt burden on Tuesday, saying spreads between Greek and German bonds were high because of broader market turbulence rather than real threat of default.
European shares were set to rise on Tuesday, after Wall Street finished off lows, and Alcoa kicked off earnings season by beating forecasts.
European sovereign debt is the US stock market's bad penny—it keeps turning up where it's not wanted and at the most inopportune times.
Greek bond yields hit another record high Monday amid a broader flare-up in Europe's debt crisis and despite better than expected deficit reduction figures.
Problems in Europe could end up dragging growth in China, hit commodity prices and derail the nascent American recovery, according to Satyajit Das, the author of "Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives".
European stocks were seen mostly unchanged on Monday, following last week's strong gains, as investors brace for this week's flurry of debt auctions in the euro zone.
Less than a month after bailing out Ireland, and after a holiday lull in the markets that may have looked mistakenly like calming, the European Union is again struggling to persuade investors that it has the cash and the will to address the root cause of its travails. The New York Times reports.
Austerity measures put in place by peripheral euro zone countries will eventually bear fruit, but going forward bond investors will have to start getting used to taking losses on their principal, Erik Nielsen, the Chief European Economist at Goldman Sachs, told CNBC Friday.
Greece has become the world's riskiest borrower in the fourth quarter of 2010, surpassing Venezuela, while Spain, Portugal and Ireland were riskier than Iraq.
European shares were set to pause after a brisk rally this week, with investors reluctant to take large positions ahead of a U.S. job report that will shed more light on the recovery.
The Greek government announced Thursday it is shutting down bars and nightclubs in Athens that are guilty of tax offenses in an effort to put more teeth into revenue collection.
European shares were set to edge higher on Thursday, after Wall Street reversed early losses following upbeat U.S. data on jobs creation and services sector growth.
China is nowhere near seeing the end of inflation and the amount of monetary tightening it will have to implement will surprise the markets, Arjuna Mahendran, head of investment strategy at HSBC Private Bank told CNBC Wednesday.
European stocks were seen retreating on Wednesday, losing ground for the first time this year, as heavyweight resource-related shares feel the pinch of a sell-off in commodity prices.
On Saturday, Estonia completes its trip from Soviet republic to full-fledged member of the euro zone, reports the New York Times.
January in the northern hemisphere is usually the coldest month of the year and it might prove to be a bitter one for euro zone governments trying to raise money in the capital markets, reports the Financial Times.
With much of Europe mired in a debt crisis and hamstrung by austerity budgets, one would think that European Union leaders are busy examining their economic models, looking for ways to promote growth amid tougher global competition. The New York Times reports.
Critics once proclaimed that the euro was doomed to struggle. Different countries would pursue such different economic policies, they argued, that it would ultimately place an unbearable strain on the currency and some of its members. Today, many of those predictions are coming true, the New York Times reports.
The European Central Bank increased its intervention in government bond markets last week, indicating that the euro’s monetary guardian remained wary of an escalation of the eurozone debt crisis, reports the Financial Times.