Markets Overview: Europe retreats after ECB rate comments
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European stocks beat a hasty retreat on Thursday as the prospect of higher eurozone interest rates loomed over the market.
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Equities fall as Europe fears a wider economic slump.
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THE dollar tumbled to new lows against the euro yesterday as markets brushed aside an upgrade to US growth and a fresh warning from the European Central Bankâs President
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European shares edged lower on Friday surrendering early gains after taking a battering in the previous session, with the market treading water ahead of key inflation data from the US.
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Europe&#39;s main stock markets rebounded on Thursday as investors geared up for interest rate decisions from the European Central Bank and the Bank of England.
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World equities lost steam Wednesday, with European stock markets turning lower despite bumper gains in Asia and after the European Central Bank hinted it was not about to cut eurozone interest rates.
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With economic indicators mixed, the European Central Bank will leave interest rates unchanged Thursday as it waits for signals that a hesitant recovery has built up more steam, economists say.
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European stocks lost steam on Wednesday ahead of a US interest rate decision with banks and oil stocks leading the slide after Swiss investment banking giant UBS (NYSE:UBS) shocked investors with a $4bn writedown.
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Europe&#39;s main stock markets mostly took a step back on Tuesday after a weak performance by Wall Street overnight.
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European equities were a little lower on Friday as the global interest rate backdrop caused concerns.
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European equities had a mixed performance on Friday as investors continued to recoil from financial stocks and other risky bets in the wake of US subprime writedowns this week.
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European stock markets eased back in early trading as dealers digested some disappointing earnings news on both sides of the Atlantic.
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European stock markets mostly fell as investors digested a move by China to hike interest rates for the first time in almost a decade to rein in the country's strong economic growth.
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European stock markets closed mixed Monday, recovering from early losses after another Asian sell-off on fears the US economy will fall into recession despite a radical interest rate cut last week.
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Â· Pound falls as news swirls around money marketsÂ· US Fed poised to cut rates amid global liquidity crisis
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European equities were poised for gains on Friday, having lost more than 2 per cent over the last three sessions as interest rate concerns renewed their grip on the market.
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European stock markets have generally paused for breath in early trading after striking multi-year high points last week.