The European Central Bank left its interest steady at 4 percent on Thursday, following a similar decision by the British central bank to leave its rate at 5 percent.
The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high
The dollar rose to a two-month high against the euro in Asia Thursday on speculation that weaker-than-expected euro-zone economic data might make the European Central Bank more pessimistic toward the region's overall economy.
NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.
Share prices on the London Stock Exchange were higher on Friday.
The London Stock Exchange's main share index was unchanged Thursday.
The 15-nation euro on Monday rose slightly against the U.S. dollar, which has gained some strength as currency-market traders begin to look more critically at the European economy.
The euro climbed to a new all-time record on Wednesday after the European Union reported that inflation in the euro zone rose to 3.6% in March.
Quick, what's worse: a banking collapse or soaring food prices? If you're the Federal Reserve, that's no longer even a question. By tossing Bear Stearns a lifeline this weekend and then throwing much of the contents of its monetary toolbox into the market- including Tuesday's three-quarters-of-a-point cut - the Fed demonstrated its overriding priority: forestalling a growing financial and economic crisis in the U.S.
Economic concerns plagued Wall Street at the start of trading Thursday, with retail sales coming in weak and credit card issuer Capital One warning about results.
The European Central Bank left its interest steady at 4 percent on Thursday, following a similar decision by the British central bank to leave its rate at 5 percent.
The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high
The dollar rose to a two-month high against the euro in Asia Thursday on speculation that weaker-than-expected euro-zone economic data might make the European Central Bank more pessimistic toward the region's overall economy.
NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.
Share prices on the London Stock Exchange were higher on Friday.
The London Stock Exchange's main share index was unchanged Thursday.
The 15-nation euro on Monday rose slightly against the U.S. dollar, which has gained some strength as currency-market traders begin to look more critically at the European economy.
The euro climbed to a new all-time record on Wednesday after the European Union reported that inflation in the euro zone rose to 3.6% in March.
Quick, what's worse: a banking collapse or soaring food prices? If you're the Federal Reserve, that's no longer even a question. By tossing Bear Stearns a lifeline this weekend and then throwing much of the contents of its monetary toolbox into the market- including Tuesday's three-quarters-of-a-point cut - the Fed demonstrated its overriding priority: forestalling a growing financial and economic crisis in the U.S.
Economic concerns plagued Wall Street at the start of trading Thursday, with retail sales coming in weak and credit card issuer Capital One warning about results.
Stocks could drift at the open Thursday as investors await a speech from Federal Reserve Chairman Ben Bernanke.
Ever since the dollar began to fall against the euro in 2002, a chorus of government officials, economists and business executives around Europe - from the CEO of Airbus to the Prime Minister of Luxembourg - has complained publicly and in near-apocalyptic terms about the greenback's decline. Their argument has been that the tumbling dollar makes European goods less competitive on world markets and thus poses a big threat to the European economy overall.
Inflation in the 13 nations that share the euro surged to 3 percent in November, the highest level since consumers began using the currency in 2002, the EU statistical agency Eurostat said Friday.
Just weeks after the Federal Reserve made a bold strike at the credit crisis, central bank chiefs in Europe are being put to the test.
Europeans might be enjoying stateside shopping sprees, but economic chiefs want the U.S. to stop its currency's slide
The dollar briefly fell to another low against the euro Friday in European trading before regaining some ground.
The euro edged up to another all-time high against the dollar Thursday, hitting $1.3920 amid persistent speculation about a U.S. interest rate cut and worries about turbulence in financial markets.
European stocks reversed losses and rose by midday Wednesday as a bounce in U.S. stock futures eclipsed worries that the turmoil in the U.S. subprime market poses a threat to economic growth.
European stocks ended higher Wednesday, reversing some of the previous day's sharp losses as investors snapped up beaten-down shares and upbeat comments from Nokia helped boost telecoms shares.
European share prices fell in early trading on Tuesday, taking their cue from weaker U.S. stock markets and led by British bank Barclays after a newspaper report about its exposure to failed debt vehicles.
European shares snapped a seven-day rally on Tuesday as concern resurfaced about the impact of tight liquidity and high volatility on the corporate sector.
Wary financial markets awaited a public appearance by European Central Bank chief Jean-Claude Trichet Monday after a German bank holed by the U.S. subprime mortgage crisis was sold.
European stocks advanced early on Monday, mirroring a rise in U.S. and Asian shares as worries over the health of the U.S. economy dissipated following robust U.S. home sales and durable goods orders data.
European shares notched up a seventh consecutive day of gains on Monday in their longest rising stretch in almost nine months on a day of holiday-thinned trade.
European shares moved in and out of negative territory on Friday as gains in mining and oil stocks offset weaker financial shares, while concerns persisted that problems in the U.S. mortgage market could spread.
European shares rose for the fifth straight day on Thursday, led by mortgage lenders HBOS and Northern Rock, but ended below intra-day highs after U.S. stocks failed to hold early gains.
European shares rose in early trade on Thursday, tracking sharp gains made by U.S. and Asian stocks overnight as equity markets continued to recover from a recent correction sparked by fears over a credit crunch.
European shares rose in early trade on Wednesday as dividend hopes boosted DaimlerChrysler and higher commodity prices lifted oil and mining stocks.
European shares closed virtually unchanged after a volatile session on Tuesday as concerns about the U.S. subprime mortgage crisis continued to haunt the market.
European shares rose on Monday led by miners and financials in an extended rebound amid relief provided by the U.S. Federal Reserve's discount rate cut on Friday, which also boosted U.S. and Asian stock markets.
European stocks rose on Monday, as a sharp rally in the mining and industrial sectors helped the market resume Friday's recovery in the wake of the surprise discount rate cut by the U.S. Federal Reserve.
European shares returned to negative territory in choppy trade at midday on Friday as mining and chemical stocks slipped while concern mounted that a global credit crunch could slow growth.
European shares turned positive on Friday as financial stocks gained after a rally in U.S. markets and despite sharp falls in Asia.
European stocks posted their biggest gains in 15 months on Monday, recovering some of last week's losses as a liquidity injection from central banks soothed investor nerves, while bank stocks rallied.
European shares suffered their biggest one-day percentage decline in more than four years Friday, fueled by fears of a liquidity crisis stemming from problems in the U.S. subprime mortgage market.
Treasury prices rose Friday as investors again fled riskier assets for the safety of government bonds in volatile global credit markets.
Trans-Atlantic exchange NYSE Euronext said Tuesday its U.S. and European trading volumes hit a record in July, when markets hit record highs and then fell sharply due to worries over credit markets.
The European Central Bank said on Thursday "strong vigilance" was needed over inflation risks, a signal it stands ready to raise interest rates in September though it added a caveat over market volatility.
The long boom that has sustained the Labour Party in power may be winding down, but the landing is unlikely to be hard
LaBranche & Co. Inc., which runs one of the largest equity specialist trading outfits on the New York Stock Exchange floor, may consider selling all or part of itself to salvage its floor-trading business, a source said Monday.
European shares ended strongly for the second straight session on Wednesday, with a key benchmark hitting its highest closing level in two weeks, but volume was stifled by a U.S. holiday.
Sterling jumped to a 26-year high versus the dollar for a third day on Wednesday, vaulting $2.02 and showing no signs of vertigo so far against a broadly weak dollar that stayed near record lows versus the euro.
European stocks ended higher Friday, despite a potential terrorist attack in London and weakness in the banking and mining sectors. Concerns over interest rates continued to nag at investors after the Federal Reserve signaled that inflationary pressures remain a concern.
The London Stock Exchange is in talks over a possible merger with Borsa Italiana, in its latest attempt to head off expansion of the combined New York Stock Exchange and Euronext.
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Italian stock market operator Borsa Italiana is ready to study a joint offer with Deutsche Boerse for Euronext, which has already agreed a $10 billion deal to merge with the NYSE, Il Sole 24 Ore newspaper said.
European shares were trading in a tight range on Wednesday, with weakness in the oil sector offsetting upside from an overnight rally on Wall Street where hopes were raised that the Federal Reserve may be near the end of its interest-rate tightening cycle.
German business confidence fell more than expected in November as retailers took fright at government tax plans and firms braced for a rise in euro zone interest rates, a survey showed Thursday.
The dollar climbed to a 27-month high against the yen and a two-year peak against the euro Monday as investors bet that U.S. interest rates will remain more attractive than in Europe or Japan.
European shares gained 1 percent Monday after three weeks of declines as relief that Hurricane Wilma had missed already storm-battered U.S. energy facilities boosted oil stocks and dragged crude prices lower.
European stocks edged higher on Monday, as oil prices below $60 a barrel and gains from drugmaker Schering gave a boost to markets.
European markets declined on Monday after Hurricane Katrina sent front-dated crude oil futures to record highs, and as U.S. markets finished at a seven-week low on Friday.
European shares edged upwards on Thursday, hugging three-year highs, supported by expectations of lower interest rates.
European stocks ended steady Tuesday as drugmakers AstraZeneca and Roche rose on improving prospects for their cancer drugs, but weakness in U.S. shares weighed on the broader market.
The Bank of England has left its key lending rate on hold, as widely expected, although many analysts expect borrowing costs to rise later this year.
Pharmaceutical heavyweights knocked European shares from 2-1/2 year highs Friday after AstraZeneca and U.S. industry leader Pfizer announced setbacks for key drug hopes.
The dollar lost ground to the euro and yen Tuesday, at one point reaching intra-day trading lows against the euro, before recovering to close lower but above the lowest level of the session.
The dollar held its ground near a record low against the euro Thursday as comments by a European official sparked speculation about currency market intervention.
Banks and miners led European shares lower on Tuesday as investors worried that higher interest rates would dent business, with the Federal Reserve expected to bump up U.S. borrowing costs.
Miners and tech issues pushed European shares to a lower close on Wednesday, but hints by Federal Reserve Chairman Alan Greenspan that U.S. interest rate hikes may not be imminent helped the market partly trim its losses.
European stocks finished higher on Tuesday, driven by economy-sensitive car makers as stellar U.S. data fanned economic recovery hopes, but fears that U.S. monetary policy might tighten soon capped sentiment.
The European Central Bank has left its key interest rate on hold, despite signs that borrowing costs may have to come down soon to spark consumer spending and kick-start the economy.
The Bank of England has left its key interest rate unchanged at 4.0 percent as the economy expands at a steady pace and inflation remains under control.
The euro strengthened against the dollar Monday after the head of the European Central Bank said the euro zone was on track for recovery and gave no signal that interest rates were about to change.
The Bank of England has raised its key interest rate a quarter point to 4.0 percent, as widely expected, in an effort to ease inflation concerns as the economy picks up speed.
The dollar slumped Monday to trade near a three-year low against the yen on strong demand for the Japanese currency by exporters and signs that the U.S. is content with current exchange rates.
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