european stock markets

EU summit to focus on banking supervision and a stricter fiscal oversight

EU summit expected to focus on banking supervision, stricter fiscal oversight and direct recapitalization of banks from rescue funds

The European Union is due to begin a two-day summit in Brussels that will focus on issues surrounding the eurozone crisis. High on the agenda will be controversial plans for a eurozone banking union, seen as a key element in restoring confidence in the euro. In the run-up to the summit, Germany has been urging [...]

Mario Draghi unveils European Central Bank’s bond-buying euro debt plan

European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis

European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone’s debt crisis. Mario Draghi said the scheme would provide a “fully effective backstop” and that the euro was “irreversible”. The ECB aims to cut the borrowing costs of debt-burdened eurozone members by buying their bonds. Ahead [...]

European stock markets up after Greek weekend poll showed support for conservative party

European markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party

European markets have risen after a weekend poll in Greece showed growing support for a pro-austerity conservative party. The survey suggested the New Democracy party could gain about a quarter of the votes, leaving it as the biggest party, albeit without overall control. Elections are due to be held on 17 June. London, Paris and [...]

European markets fall as concern continued over Greece and Spain

European stock markets had a shaky start on Friday as concern continued over Greece and Spain

European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain’s main share index fell more than 2% before recovering, while shares in London fell by as much as 1%. Confidence in European banks was undermined by ratings agency Moody’s, which cut the credit ratings of 16 Spanish banks [...]

Euro fell against USD and GBP following French and Greek election results

Euro fell against the dollar and the pound on Monday following French and Greek election results, which cast doubt on European austerity plans

Euro fell against the dollar and the pound on Monday following French and Greek election results, which cast doubt on European austerity plans. Pro-bailout parties in Greece performed poorly, while Francois Hollande won the French presidency, promising to focus more on growth. The euro fell as low as $1.295, its lowest since January, and dropped to [...]

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