05022016Mon
Last update: Mon, 02 May 2016 10am

Markets - Equity

Markets - Equity - Europe

Greek shares underperform flat European markets LONDON: European shares were little changed on Wednesday amid a mixed set of corporate earnings, while the Greek market underperformed after euro zone officials delayed a meeting on the country's bailout.Greece's benchmark ATG equity index fell 3.7 percent, making it the worst-performing market in the region.The Athens market fell after the Eurogroup said late on Tuesday that euro zone finance ministers would not meet on Thursday and needed more time to discuss two sets of Greek reforms that would unlock new loans.The broader, pan-European FTSEurofirst 300 index, which hit a three-month high last week, was up 0.1 percent by 1013 GMT."We've had a good run-up in the last couple of weeks, but I think we're still in a bear market. My overall roadmap from here is down," said Andreas Clenow, hedge fund manager at Zurich-based ACIES Asset Management.Shares in state-controlled Finnish refiner Neste slumped 8.2 percent after Neste reported a ...


Markets - Equity - Europe

Britain's FTSE steady, with mixed bank results in focus LONDON: Britain's top share index was little changed on Wednesday, with banking stocks mixed as Barclays and Standard Chartered headed in opposite directions after reporting their latest results.The benchmark FTSE 100 index was down 0.1 percent at 6,276.10 points by 1024 GMT. It has fallen around 12 percent from a record high it reached one year ago today.Shares in Asia-focused Standard Chartered fell 3.4 percent following a downgrade by Deutsche Bank. The stock had rallied ...

Markets - Equity - Asia

Sri Lanka shares at 15-week closing high; banks lead gains COLOMBO: Sri Lankan shares rose for a second straight session on Wednesday to hit a 15-week closing high, led by financial and diversified shares, a day after the central bank kept the key interest rates steady.However, analysts said investors were cautious, ahead of an imminent loan deal with the International Monetary Fund.The central bank kept benchmark rates steady, as expected, as it gauges the effect of the recent tightening amid final stages of talks with ...

Markets - Equity - Europe

Apple's results hit tech shares, dollar dips before Fed LONDON: Technology stocks fell in Europe and Asia on Wednesday after worse-than expected results from Apple and Twitter, while the dollar weakened before a U.S. monetary policy decision, propelling oil to 2016 highs.Apple fell 7.5 percent in pre-market trading after the company reported on Tuesday its first decline in iPhone sales and its first drop in revenue in more than a decade. Twitter lost more than 14 percent after first-quarter revenue lagged expectations.Wall Street was ...

Markets - Equity - Europe

London Stock Exchange says merger with Deutsche Boerse on track LONDON: The London Stock Exchange Group stuck to its guns on Wednesday over its planned merger with Deutsche Boerse, saying the deal would be derailed by neither regulators nor any British exit from the European Union.In its first annual shareholder meeting since mapping out a plan in February to create a $30 billion cross-border exchange group, the group tried to ease concerns over the tie-up.Analysts have questioned whether EU competition regulators would approve the deal ...

Markets - Equity - Europe

European stock markets hold steady at open LONDON: Europe's main stock markets steadied at the open on Wednesday, as investors awaited the outcome of the US Federal Reserve's latest interest rate meeting.London's benchmark FTSE 100 index added a marginal 0.02 percent to 6,286.01 points compared with Tuesday's closing level.In the eurozone, Frankfurt's DAX 30 index gained 0.2 percent to 10,283.10 and the Paris CAC 40 edged 0.04 percent higher to 4,534.99 points."Trading all this week has been dominated by this evening's Federal ...

Markets - Equity - Asia

Shanghai, Hong Kong stocks end down HONG KONG: Shanghai stocks ended down Wednesday, reversing earlier gains, as upbeat industrial profits data from China reduced expectations the government would add to its stimulus measures soon.The benchmark Shanghai Composite Index slid 0.37 percent, or 11.03 points, to 2,953.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.48 points, to 1,876.51.The Hang Seng Index in Hong Kong fell 0.21 percent, or 45.67 points, to 21,361.60.Copyright AFP (Agence ...