European

European markets close higher as China reopens, economic outlook focuses

European markets close higher as China reopens, economic outlook focuses

Blue chips look like a good investment, but be careful, economist says Rob Buckland, Citi’s Global Chief Economist, discusses blue chip companies, oil stocks and the profit environment for 2023 on CNBC’s “Squawk Box Europe.” Oil and gas stocks fall as oil prices are expected to drop 10% per week European oil and gas stocks …

European markets close higher as China reopens, economic outlook focuses Read More »

European markets retreat as global sentiment falters on recession fears

European markets retreat as global sentiment falters on recession fears

Slowdown in private equity deals set to continue in 2023, says fund manager The slowdown in private equity transactions is expected to continue in the first quarter of 2023, according to a trust fund manager at Abrn. Alan Gauld, trust fund manager of private equity opportunities at Abrn, discussed the company’s 2023 outlook for private …

European markets retreat as global sentiment falters on recession fears Read More »

European markets head for a mixed open as global sentiment falters

European markets head for a mixed open as global sentiment falters

This is CNBC’s live blog covering European markets. European stocks head for a mixed open on Wednesday as nervousness sets in over the state of the global economy. Sentiment was mixed overnight, with stocks in the Asia-Pacific region trading in mixed territory, weighed down by major U.S. indexes that fell more than 1% on Tuesday …

European markets head for a mixed open as global sentiment falters Read More »

European tech groups lose $400 billion in value following funding crisis

European tech groups lose $400 billion in value following funding crisis

More than $400 billion in market value has been wiped from European tech companies since the peak of the 2021 boom, as venture capital deals hit a wall in late summer. The continent’s start-ups enjoyed a funding frenzy in 2021, leading to the creation of more than 100 “unicorns” – tech start-ups valued at over …

European tech groups lose $400 billion in value following funding crisis Read More »

European markets fall as investors assess China's Covid relaxation and oil moves

European markets fall as investors assess China’s Covid relaxation and oil moves

Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

European markets fall as investors assess China’s Covid relaxation and oil moves Read More »

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

The European Central Bank has issued a scathing critique against bitcoin, and by extension crypto in general.Chart: Craig Hastings (Shutterstock) We can now add the European Central Bank to the ranks of high-ranking crypto skeptics, with high-ranking leaders going further to say that crypto should not be legitimized by any government or major financial institution. …

European Central Bank Says Bitcoin Is on the “Road to Irrelevance” Read More »

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

European Central Bank Says Bitcoin Is On “Road To Irrelevance” Read More »

European Markets Stall as China Covid Policy Takes Center Stage;  HSBC up 5% on RBC deal

European Markets Stall as China Covid Policy Takes Center Stage; HSBC up 5% on RBC deal

UK gilt market ‘not back to normal’, says BOE governor Britain’s gilt market is “not back to normal” after the Bank of England intervened on Sept. 28, according to Governor Andrew Bailey, who spoke to a committee of lawmakers on Tuesday. The governor said the bank did not want to buy pegged gilts, but “needed …

European Markets Stall as China Covid Policy Takes Center Stage; HSBC up 5% on RBC deal Read More »

Founding factories: Alumni of 344 European and Israeli unicorns have spawned 1,018 startups since 2008

Founding factories: Alumni of 344 European and Israeli unicorns have spawned 1,018 startups since 2008

A new report has shed light on the impact European and Israeli unicorns have had on the wider tech ecosystem since the global economic crisis 14 years ago. The report, titled “Europe and Israel’s Startup Founder Factories,” was produced by venture capital firm Accel with extensive support from the startup and venture capital data platform …

Founding factories: Alumni of 344 European and Israeli unicorns have spawned 1,018 startups since 2008 Read More »

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Read More »