Europe

Markets declined today after the release of European PMI and ADP data that missed expectations. Markit's Eurozone Manufacturing Purchasing Managers' Index declined in April to its lowest level since 2009. April Eurozone unemployment rose by 169,000. EURO/USD dropped from a high of 1.323 this...

Wednesday, the European Central Bank loaned the European banks 529 billion euros. It is the second long-term refinancing option (LTRO) the ECB has offered in the last few months, following a previous LTRO in December that saw 489 billion euros lent out. LTROs are just one of several possible open...

General Motors (NYSE: GM) and French car maker PSA Peugeot Citroen have announced a deal that the two companies say will lead to about $2 billion in annual savings split nearly equally between the two. General Motors and Peugeot said that they will combine their efforts in research and development...

New positive signals have been coming from London as of late. While the euro zone struggles with a potential Greek bankruptcy and signs of a recession, Britain once again seems to have escaped the problems threatening the rest Europe by following the examples of the US and several other major...

The euro zone unexpectedly shrank in February, adding to fears that Europe might be about to fall back in to recession. The latest survey results from Markit Economics' purchasing managers' index (PMI) showed that the index fell back to 49.7 in February, down from 50.4 in January. The results are...

Thursday reiterated the fact that it is not a good time to be a European. More specifically, it is not a good time to be Greek and, more specifically still, it is not a good time to be a Greek politician. For the fifth consecutive day, the euro weakened as stocks fell and commodities declined,...

Moody's Investors Service warned more than a dozen of America's and Europe's biggest banks with significant global capital markets operations that it was placing them under review for possible downgrades. The major American banks that Moody's placed under review for possible downgrades were Bank of...

Moody's Investors Service announced that it was placing more than 100 European financial institutions in 16 countries on review for possible downgrades. Reasons for the possible downgrades that were cited by Moody's included the Eurozone financial crisis, earlier downgrades of multiple Eurozone...

For once there was good news coming out of Europe when France and Germany reported better than expected fourth quarter economic results. Although Germany's economy shrank by 0.2 percent, it was less than the 0.3 percent contraction that was widely expected. Germany also had its third quarter...

France and Belgium have both lifted restrictions on the short selling of financial stocks that were put in place last year after several major European financial institutions saw their stock prices fall dramatically. Stock prices for French banking giants BNP Paribas, Credit Agricole and Societe...