Spain's budget to focus on nascent recovery, reforms

MADRID (Reuters) - Spain will boost economic and job forecasts in the 2014 budget to be presented on Friday, moving away from tough spending cuts and relying instead on lower borrowing costs and momentum from previous reforms to achieve fiscal targets.

Europe's plan to address weak banks risks unraveling

(Reuters) - The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial crisis behind it.

UK economy grew 0.7 per cent in Q2

LONDON: Britain's economy grew 0.7 percent in the second quarter from the previous three months, in line with forecasts, official data confirmed on Thursday.

German consumer morale hits highest level in 6 years: GfK

BERLIN: German consumer confidence rose to its highest level in six years heading into October, supporting expectations strong consumer spending will help Europe's largest economy to post moderate growth in 2013.

Euro-Area Services Strengthen as Demand Improves

Euro-area services growth accelerated to the fastest in more than two years in September as demand and confidence improved. An index of activity rose to 52.1 from 50.7 in August, London-based Markit Economics said today.