Economic confidence in Europe stronger than expected
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Confidence in the European economy fell slightly in December but not by as much as economists had expected in the eurozone, a European Union survey showed Monday.
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European shares strongly extended gains on Friday after data showed job creation in the U.S. economy was double expectations at 337,000 in October.
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Business confidence in Germany, Europe s largest economy, probably fell for the third month in four in November as the euro s climb to a record threatened exports and unemployment rose, a survey of economists ...
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Investor confidence in the U.S. economy surged to its highest level in 10 months, buoyed by a stock market rally and fading worries over energy prices, a survey showed on Monday.
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European stock markets rallied in early dealing, shrugging off a further slide by Wall Street.
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The OECD is increasing its forecast for European economic growth in 2006, as recovery is well under way.
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European stocks rebounded Tuesday as investors shook off recent heavy losses sparked by renewed concerns over the economic outlook and a persistent credit squeeze, dealers said.
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Business confidence is high and unemployment is falling, making the European Central Bank likely to lift interest rates to 3 percent Thursday &#151; its fourth increase in eight months &#151; as it aims to keep inflation in check without hurting growth.
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European equity markets ended largely higher on Wednesday, recovering from early losses thanks to a strong start on Wall Street.
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European stock markets rose in early afternoon dealing amid a surprise sharp increase in Germany's investor confidence and a string of solid results, analysts said.
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German business confidence brightened in November for the second month in a row, beating economists' forecasts, according to a closely watched survey Thursday.
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Confidence in the strength of the European economy lifted the euro to a record high against the yen on Tuesday, with European stocks also outperforming as energy stocks rallied on oil above $60 a barrel.
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European equities were higher on Friday, led by French power supplier EDF after a court criticised government energy tariff controls.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.
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German business confidence unexpectedly spiked in December, raising hopes for an overall European economic rebound, the Financial Times reported.
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European stocks moved into positive territory on Wednesday afternoon after better-than-expected retail sales figures in the US lifted sentiment across the Atlantic.
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Exports help raise Q4 GDP to a stronger-than-expected 3.5%