12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Europe

Markets - Equity - Europe

Oil prices jump as European stocks stumble      LONDON: Oil prices rose Thursday, building on a surge triggered by OPEC's output decision, while European stock markets retreated as attention switched to US jobs data and Italy's weekend referendum.World crude prices gained four percent on Thursday, after having soared almost 10 percent on Wednesday after OPEC hammered out a deal to cut oil output for the first time in eight years."Oil adding to Wednesday's large gains tells you the market got what it wanted," said market analyst Jasper Lawler at CMC Markets.Joshua Mahony, market analyst at IG trading group, said that "whilst yesterday's announcement was over and above expectations, there still remain a number of hurdles to curing the oversupply evident in the oil market". "European markets also have Italian clouds looming, with the referendum providing the most significant risk event ahead despite tomorrow's US jobs data," he added.London's benchmark FTSE 100 index ended the day down 0.5 percent, while the DAX 30 in Frankfurt fell 1.0 percent and the CAC 40 ...

Markets - Equity - Europe

Markets win boost on hopes of OPEC oil cut   LONDON: Oil prices rallied more than six percent Wednesday, pushing European and US stocks higher as traders seized on hopes that OPEC could later decide to cut crude output.Saudi Arabia's influential oil minister Khaled al-Falih sounded an upbeat note that the Organization of the Petroleum Exporting Countries -- which pumps about a third of global oil -- would announce a deal to cut production.The comments boosted the global oil market, long awash with crude, as ministers from the 14-nation cartel met ...

Markets - Equity - Europe

European shares fall, banks knocked by Italy jitters MILAN/LONDON: European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Europe 600 index was down 0.8 percent at 339.83 by the close. The regional bank index closed down 1.8 percent, the biggest sectoral faller. Italian banks fell 3.9 percent, hitting an 8-week ...

Markets - Equity - Europe

Britain's FTSE index slips as Trump rally falters LONDON: Britain's top share index slipped on Monday as a rally sparked by Donald Trump's election as US president appeared to falter with financial and energy shares showing the biggest declines, though gold miners and utilities rose. The blue-chip FTSE 100 index closed down 0.6 percent. The benchmark index is still up about 8 percent so far this year even after falling around 5 percent since its October peak.The UK banking index fell 1.3 percent, ...

Markets - Equity - Europe

European stocks catch Italian cold LONDON: Shares in Italian banks slumped Monday on jitters over the outcome of a crucial weekend referendum, dragging down markets across Europe, while the outlook on an OPEC production deal fluctuated along with oil prices.In afternoon trading, shares in Italian lenders Unicredit and Banco Popolare were down around 3 percent compared with Friday's closing levels.The poor sentiment extended to the rest of Europe, with Royal Bank of Scotland and Societe Generale falling 1.4 percent, while ...

Markets - Equity - Europe

Energy and banking stocks drop, government bond yields retreat BUDAPEST: Central European equities mostly eased on Monday as a drop in crude oil prices hit energy shares while worries over Italian banks ahead of the country's looming referendum hurt the financial sector.Italian Prime Minister Matteo Renzi, who wants to bail out troubled banks, could resign if voters reject a constitutional amendment at Sunday's referendum.Oil prices fell on expectations that OPEC oil producers will not agree on output cuts at this week's meeting to consider ...

Markets - Equity - Europe

European shares dragged lower by oil stocks, Italian banks MILAN: European shares fell on Monday, weighed down by a drop in crude oil prices, while Italian banks hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi.The pan-European STOXX Europe 600 index was down 0.8 percent by 0941 GMT. The oil & gas index and the regional banks' index were down 1.4 percent and 1.6 percent respectively, making them the two biggest sectoral fallers.Shares in ...