The dollar rose Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial production highlighted economic weakness in the region and pushed the euro lower.
European shares lost momentum following a dismal U.S. jobs report, but Asian markets closed higher Friday as investors responded to the latest round of rate cuts from central banks around the world.
The U.S. dollar rallied against major currencies Tuesday as investors appeared confident that Washington would be able to push through its massive bailout package.
The European Central Bank and the Bank of England left their key interest rates unchanged, reluctant to move them lower as rising prices offset the fear of weaker growth and recession
The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off
The dollar rose Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial production highlighted economic weakness in the region and pushed the euro lower.
European shares lost momentum following a dismal U.S. jobs report, but Asian markets closed higher Friday as investors responded to the latest round of rate cuts from central banks around the world.
The U.S. dollar rallied against major currencies Tuesday as investors appeared confident that Washington would be able to push through its massive bailout package.
The European Central Bank and the Bank of England left their key interest rates unchanged, reluctant to move them lower as rising prices offset the fear of weaker growth and recession
The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off
The dollar rose against euro Thursday even though the U.S. Federal Reserve said the American economy is "generally weak"; also, corn prices surged to a record $7 a bushel
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
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.
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 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.
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 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 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.
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.
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.
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.
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 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 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.
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.
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.
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.
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