European Markets are Mixed as Economic Outlook Remains Unclear

Now watching

Next video starts in : 7 Play

European Markets are Mixed as Economic Outlook Remains Unclear

European Markets are Mixed as Economic Outlook Remains Unclear
Replay video
Up next

Jim Cramer Discusses Why He Likes Starwood Hotels and Target

Unlock your personal NFL Now stream by signing in to NFL.com

European Markets are Mixed as Economic Outlook Remains Unclear

by TheStreet 2:14 mins

European Markets are Mixed as Economic Outlook Remains Unclear

by TheStreet 2:14 mins

European markets were mixed this morning as worries continued over the Eurozone economy. With inflation stable at 0.5% in June, some fear the single currency area is still perilously close to deflation. Yet Goldman Sachs analysts have lifted their outlook for growth in the U.K. economy to 3.4% this year and 3%, the next, raising the chances of an early interest rate rise. London-listed Pharmaceuticals company Shire announced a $410 million Canadian tax rebate, which may strengthen its hand as it fights a $45 billion takeover bid from Chicago’s AbbVie. Dutch electronics and healthcare company Philips will spin out its LED and Automotive lighting businesses into a separate unit and may seek outside investors for the business. Danish wind turbine maker Vestas announces big orders from projects in the U.S. French bank BNP Paribas may get time to prepare for a dollar dealing ban in the U.S.

TheStreet

Personal Finance

  1. 2:22

    How this woman tracked down her identity thief

  2. 2:23

    3 strategies that can help simplify your life

  3. 2:14

    Would you give your dog your kidney?

  4. 2:14

    5 unique summer jobs that pay great

  5. 1:03

    Money Minute: What employers are really looking for

  6. 2:31

    CEO cashes out to become a farmer

Market Movers