Price rises continue for Europe
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European inflation is confirmed at a six year high on high food prices.
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The British pound hit a 26-year high against the U.S. dollar Tuesday, shooting above $2.04, after higher-than-expected inflation figures raised expectations of another hike in United Kingdom base rates. The dollar was up against other key currencies.Gold prices were mixed in European trading.The euro traded at $1.3783, down from $1.3784 late Monday. Later, in midday trading in New York, the euro fetched $1.3781.Other dollar rates in Europe, compared with late Monday, included 122.34 Japanese yen, up from 121.82; 1.2031 Swiss francs, up from 1.2021; and 1.0436 Canadian dollars, up from 1.0429. Read more
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European equity markets moved higher on Friday as Wall Street's early gains tempted bargain hunters back into the fray.
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European equities edged higher on Wednesday, with banks leading the advance after investors welcomed forecast-beating results from Anglo Irish Bank and an upbeat trading statement from Royal Bank of Scotland.
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The oil company&#39;s plans to move to a unified corporate structure extend rally into third day. LONDON  - European shares rose for a third straight session Thursday, led by Royal Dutch/Shell on news
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Both sterling and the euro continue to rise against the dollar, on a cut in US interest rates.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week &#151; a phenomenon once dreaded as potential poison for the continent's many exporters.
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Deals worth nearly 15bn euros have boosted share prices as Europe's pharmaceuticals sector consolidates further.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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Oil futures prices rose in Europe on Friday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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FRANKFURT, Germany- The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong ...Comment
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Gold was little changed in London, as the dollar remained steady against the euro on expectations the US Federal Reserve will raise rates for a fifth time this year today and that the nation&#39;s trade deficit widened in October.
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European stock markets rose on Monday and some hit multi-month highs as the dollar steadied and U.S. crude oil prices held below &#36;50 a barrel.
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Strong economic news from Germany helped drive the euro to a 5&frac12;-month high against the dollar as the greenback continued to lose ground on Thursday.
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UK house prices are still rising strongly despite recent interest rate rises, the Halifax says.
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European stock markets held near  28-month highs Thursday as investors stayed confident in the  ability of firms to continue boosting profits in the face of  the euro's extended push past $1.30 to all-time highs.
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European equities moved higher on Friday, with financial stocks leading the advance as buyers returned after losses of more than 2 per cent over the last three session's.