Shares rally as Fed meeting nears, dollar firms
2013-06-17 23:04:37 GMT : (Markets - Equity/Europe)
NEW YORK: Global equity markets rose and the dollar strengthened against the yen on Monday on expectations the Federal Reserve will reinforce its commitment this week to supporting the US economic recovery.But US stocks pared gains late in the session as confidence eroded that the Fed chairman, Ben Bernanke, will provide investors with a clearer view on the US central bank's monetary policy at...
European stocks post strong gains
2013-06-17 16:03:55 GMT : (Markets - Equity/Europe)
PARIS: European stock markets posted strong gains on Monday, with London's FTSE 100 index of leading shares climbing 0.35 percent to end at 6,330.49 points.In Frankfurt the DAX 30 index jumped 1.08 percent to close at 8,215.73 points, while in Paris the CAC 40 soared 1.54 percent to finish at 3,863.66 points.Copyright AFP (Agence France-Presse), 2013
European stocks kick-off week with solid gains
2013-06-17 12:23:05 GMT : (Markets - Equity/Europe)
LONDON: European stock markets rose solidly on Monday as traders looked ahead to a key US Federal Reserve meeting due mid-week, digested movement in the telecoms sector and kept an eye over the G8 summit in Northern Ireland.London's FTSE 100 index of leading shares climbed 0.89 percent to stand at 6,364.40 points in midday deals. Frankfurt's DAX 30 index rallied 1.49 percent to 8,249.29 po...
Germany to raise flood funds by federal, state Govt
2013-06-15 12:13:24 GMT : (Markets - Equity/Europe)
BERLIN: Germany's Finance Ministry said an 8 billion euro fund for flood repairs would be jointly financed by the federal and state governments, and the federal government could initially raise the states' share as it enjoys lower borrowing costs.Berlin would do this through normal federal auctions and not via federal-regional bonds, also known as "Deutschlandbonds", a finance ministry spo...
European stocks end with gains
2013-06-14 15:52:03 GMT : (Markets - Equity/Europe)
PARIS: European stock markets on Friday, with London's FTSE 100 index of leading shares edging up 0.06 percent to end at 6,308.26 points.In Frankfurt the DAX 30 index climbed 0.40 percent to close at 8,127.96 points, while in Paris the CAC 40 rose 0.19 percent to finish at 3,805.16 points.Copyright AFP (Agence France-Presse), 2013
FTSE steadies in thin trade, focus on data
2013-06-14 11:56:03 GMT : (Markets - Equity/Europe)
LONDON: Britain's top share index shed its early gains by midday on Friday and headed for a fourth straight week of looses, with thin trading conditions before more US data releases prompting investor caution.US industrial output data for May at 1315 GMT and Thomson Reuters/University of Michigan's June consumer sentiment index, due at 1355 GMT, could give further hints about the Federal R...
European stocks rebound despite stimulus concern
2013-06-12 13:51:42 GMT : (Markets - Equity/Europe)
LONDON: European stocks mostly rebounded on Wednesday after sharp losses the previous day over concerns about global stimulus, while traders also digested economic data and takeover activity.London's FTSE 100 index of leading shares rose 0.11 percent to 6,346.85 points in afternoon deals following news that British unemployment fell in the three months to the end of April.Frankfurt's DAX 3...
European stocks close sharply lower
2013-06-11 16:12:22 GMT : (Markets - Equity/Europe)
PARIS: European stock markets closed sharply lower on Tuesday, with London's FTSE 100 index of leading shares falling 0.94 percent to 6,340.08 points.In Frankfurt the DAX 30 index dropped 1.03 percent to 8,222.46 points, while in Paris the CAC 40 sank 1.39 percent to 3,810.56 points.Copyright AFP (Agence France-Presse), 2013
European stocks slide as investors eye German court
2013-06-11 12:41:09 GMT : (Markets - Equity/Europe)
LONDON: European stocks fell sharply on Tuesday as investors eyed a key German court hearing on the legality of the European Central Bank's bond-purchasing programme which has calmed financial markets since its launch last summer.Sentiment was also hit by earlier losses in Asia, after the Bank of Japan did not announce any new stimulus measures."There weren't any surprises from the Bank of...
European shares extend losses to over 2pc
2013-06-11 12:02:03 GMT : (Markets - Equity/Europe)
LONDON: European shares extended losses around mid-session on Tuesday to fall to a fresh intraday low, as mounting concerns over a scaling back of central bank economic stimulus measures hit stock markets.The pan-European FTSEurofirst 300 index fell by more than 2 percent to an intraday low of 1,168.53 points - its lowest level since late April.If the FTSEurofirst index finished the day down by mo...
European stock index futures signal lower open
2013-06-11 06:03:22 GMT : (Markets - Equity/Europe)
LONDON: European stock futures pointed to a weaker start on Tuesday, with sentiment hurt by persistent concerns about a cut in US stimulus measures and losses in Asia after the Bank of Japan kept its monetary policy unchanged.At 0601 GMT, futures for Euro STOXX 50, UK's FTSE 100, Germany's DAX and France's CAC were 0.3 to 0.5 percent lower.Copyright Reuters, 2013
European stocks close mixed
2013-06-10 16:30:25 GMT : (Markets - Equity/Europe)
PARIS: European stock markets closed mixed on Monday, with London's FTSE 100 index of leading shares slipping 0.18 percent to 6,400.45 points.In Frankfurt the DAX 30 index climbed 0.64 percent to 8,307.69 points, while in Paris the CAC 40 dipped 0.21 percent to 3,864.36 points.Copyright AFP (Agence France-Presse), 2013
European stocks mixed on weak Chinese data, US rating
2013-06-10 13:41:28 GMT : (Markets - Equity/Europe)
LONDON: Europe's main stock markets wobbled in choppy trading on Monday, as dealers digested downbeat Chinese data, mixed signals about the eurozone economy and S&P raising its outlook for the US economy from stable.London's FTSE 100 index of leading shares edged up 0.10 percent to stand at 6,418.23 points in afternoon trading.In Paris the CAC 40 index slid 0.12 percent to 3,868.23 poi...
Turkish stocks decline, lira undermined
2013-06-10 11:47:01 GMT : (Markets - Equity/Europe)
ISTANBUL: Turkish stocks fell and the lira weakened on Monday after Prime Minister Tayyip Erdogan railed against speculators and held a tough line on protests, and as Moody's warned that prolonged unrest could be credit-negative.The cost of insuring Turkish debt against default rose to the highest since the end of October 2012, according to data from Markit, although it remained far from crisi...
FTSE 100 pegged back by weak Chinese data
2013-06-10 11:44:20 GMT : (Markets - Equity/Europe)
LONDON: Britain's benchmark share index steadied around a key technical level on Monday, with weakness in miners partly offset by demand for healthcare and travel shares cheapened by a recent sell-off.Industrial metals and miners were hit by a run of softer-than-expected Chinese data at the weekend which raised the prospect of lower second-quarter economic growth in the world's top metals ...
European stocks close sharply higher
2013-06-07 16:12:46 GMT : (Markets - Equity/Europe)
PARIS: European stock markets closed sharply higher on Friday, with London's FTSE 100 index of leading shares adding 1.20 percent to 6,411.99 points.In Frankfurt the DAX 30 index jumped 1.92 percent to 8,254.68 points, while in Paris the CAC 40 climbed 1.53 percent to 3,872.59 points.Copyright AFP (Agence France-Presse), 2013
FTSE slides, braces for US jobs data
2013-06-07 11:48:43 GMT : (Markets - Equity/Europe)
LONDON: Britain's top shares slid on Friday, led down by financials and extending the sharp falls of the two previous sessions, in cautious trading pending the month's main US jobs data.The FTSE 100 was down 16.02 points, or 0.3 percent, at 6,320.09, by 1045 GMT, having dropped 3.4 percent since Wednesday to close at a month-and-a-half low on Thursday.Financials were led lower by Aberdeen ...
Dollar plunges in broad selloff, stocks rebound
2013-06-06 23:16:32 GMT : (Markets - Equity/Europe)
NEW YORK: Global equities moved higher while the dollar slid against the euro and yen on Thursday as investors reduced heavy bets on the greenback on concerns that Friday's US jobs report will disappoint.Wall Street rebounded from an earlier swoon that saw US equities slip in tandem with the dramatic moves in currency markets. The S&P 500 fell through its 50-day moving average, but shares ...
Britain's FTSE edges up, led by Johnson Matthey
2013-06-06 08:05:35 GMT : (Markets - Equity/Europe)
LONDON: Britain's blue chip shares edged higher on Thursday, steadying after steep losses in the previous session and led by specialty chemicals group Johnson Matthey which reported a smaller-than-expected drop in profit.The FTSE 100 was up 6.54 points, or 0.1 percent, at 6,425.85 by 0759 GMT, having slid 2.1 percent on Wednesday, pushing it below its 50-day moving average on concerns the US c...
US stocks follow global markets lower
2013-06-05 13:33:01 GMT : (Markets - Equity/Europe)
WASHINGTON: Wall Street stocks opened lower Wednesday following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy.Five minutes into trade, the Dow Jones Industrial Average was down 43.17 points (0.28 percent) at 15,134.37.The broad-based S&P 500 lost 4.54 (0.28 percent) at 1,626.84, while the tech-rich Nasdaq Composite fell 8.49 (0.25 pe...