Feb 27, 2009 5:17 PM ET
Bank nationalization fears drag European shares down. Deutsche Telekom gains on better than expected earnings. Germany inflation unexpectedly climbed in February weighing the sentiment in trading in markets in Germany, France and Switzerland.
Feb 26, 2009 2:37 PM ET
European stocks rebound after a decline for four days in a row on the optimism that the region wide government bailout of the banking sector will stabilize financial markets. German unemployment increased for the fourth month in a row.
Feb 26, 2009 9:00 AM ET
Global markets continue to trade downward as economic slump widen around the world and U.S. lawmakers waver. Japan automakers slash production. General Motors report second worst annual loss. UBS replaces its chief in less than two years and looks for ways to slash operating costs.
Feb 25, 2009 11:17 PM ET
European market indexes dropped for the fourth day in a row. Indexes declined today on the weak U.S. home sales report and worries that banks may need more capital. EU issues guidelines to segregate toxic bank assets and puts limitation on dividend and executive compensation. Accor chairman quits.
Feb 24, 2009 1:26 PM ET
European exporters and banking stocks led the decline in the regional trading. Akzo Noble reported its first loss in eight years and navigation device maker Tom Tom reported a loss. German confidence dipped to 26-year low. More people withdraw cash from Swiss banks accroding to the central bank.
Feb 24, 2009 2:53 PM ET
European markets close lower as earnings worries and weak banks drag investors sentiment lower. Business confidence in Germany falls to 25-year low. Markets in Asia close sharply lower as investors see no sign of the end of the current financial crisis. Nomura plans to raise $3 billion.
Feb 23, 2009 3:34 PM ET
European market indexes closed lower despite an attempt by financial stocks to rally failed to lift indexes and sector stocks. Banks and auto led the decliners in Germany and France. Renault debt rating was lowered. France will invest capital to support the merger of two largest savings banks.
Feb 20, 2009 6:01 PM ET
European stocks fell on a weakness in financial stocks as the financial outlook deteriorated and prospect of another rate cut dimmed. A manufacturing and services survey in France showed that both sectors contracted at a rapid rate in February.
Feb 19, 2009 2:39 PM ET
European market indexes closed mixed after a string of weak earnings. Germany is planning to provide financial assistance to troubled banks and countries in the Eastern European region. Nestle rose after it reported better than expected earnings.
Feb 19, 2009 10:44 AM ET
U.S. stocks edged sideways after the higher than expected claims of unemployment and a rise in producer price index. Bond yields fell.The euro rebounded on the speculation that Germany will provide additional liquidity to banking system and offer economic stimulus package to industries.