02132016Sat
Last update: Sat, 13 Feb 2016 01am

Markets - Equity

Markets - Equity - Europe

European shares end lower on disappointing US data, weak earnings MILAN/LONDON: European shares fell sharply on Wednesday as disappointing economic data from the United States further undermined sentiment already hurt by weak earnings updates.Data showed the service sector in the world's No.1 economy slowed more than expected in January, raising worries weakness in manufacturing is spreading to other sectors.The pan-European FTSEurofirst 300 index, which slid 2 percent on Tuesday, ended down 1.6 percent, bringing the decline so far this year to almost 10 percent."Sentiment has weakened materially and is being undermined by mounting worries over global economic growth spanning from China to the U.S., where initial signs of a possible recession are starting to emerge," JCI analyst Emanuele Rigamonti said."We expect markets to trade mostly sideways until the March ECB meeting, which once again might turn out to be a catalyst for a relief rally."Finnish state-controlled utility Fortum slumped 13 percent after fourth-quarter earnings dropped more expected and dividend fell ...


Markets - Equity - Europe

Europe stocks slump on rising oil stocks LONDON: Higher than expected oil stocks topping levels not seen since the 1930s and suggesting weak global economic demand helped push stock markets down Wednesday.The latest figures from the US Department of Energy showed commercial reserves of crude as having passed the 500 million barrel mark to 502.7 million barrels.That helped to depress European markets down for a second day running, following on from sharp losses across Asia although sentiment did get a small boost ...

Markets - Equity - Americas

TSX barely higher despite oil price rise, Rona surge TORONTO: Canada's main stock index struggled to break even on Wednesday as a bounce in crude oil prices offered only muted support to the resource-linked market, while shares in home retailer Rona Inc almost doubled after a generous takeover deal. The energy group rebounded from a more than 1 percent fall to be up 1.5 percent as crude prices rallied.But jitters about global economic growth persisted, weighing on financial and industrial stocks. Also among major ...

Markets - Equity - Americas

Oil posts strong rebound as dollar falls back NEW YORK: US and European stocks came off their lows on Wednesday, helped by rebounding oil prices, while a soft report on the US services sector weighed on the dollar by making future rate hikes appear less likely. The US dollar hit its lowest level against the euro since October and wiped out recent gains against the yen. A top Federal Reserve official said the weakening outlook for the global economy and any further strengthening ...

Markets - Equity - Europe

Higher oil fails to lift stocks but yen, low-risk debt in favour LONDON: A rise in oil prices on Wednesday failed to lift European stocks, which instead sagged on weak earnings, prompting investors to seek safety in the Japanese yen, gold and low-risk government debt. US crude moved back above $30 a barrel and global benchmark Brent rose 52 cents to $33.24 after Russia reiterated its openness to talking with OPEC about output cuts - but only after a third consecutive day of oil price losses in ...

Markets - Equity - Europe

Europe stocks fall on coattails of Asia LONDON: European stock markets slumped for a second day running Wednesday following sharp losses across Asia but sentiment was lifted by a mega-takeover involving China.Approaching midday, London and Paris were down about 1.0 percent, Frankfurt gave up 1.5 percent and Milan lost more than 2.0 percent.Oil prices rebounded after slipping back below $30 a barrel."Another down day in Europe, taking its cues from Asia as the demise of the oil prices continues to suppress any ...

Markets - Equity - Europe

European stock markets fall further at open LONDON: Europe's main stock markets dropped once more at the start of trading on Wednesday following another rout across Asia. London's FTSE 100 benchmark index of top blue-chip companies slipped 0.2 to 5,912.9 points compared with Tuesday's close.In the eurozone, Frankfurt's DAX 30 index dropped 0.4 percent to 9,541.5 points and the Paris CAC 40 nudged down almost 0.1 percent to 4,282.4.Copyright AFP (Agence France-Presse), 2016