05252016Wed
Last update: Wed, 25 May 2016 06pm

Europe

Markets - Equity - Europe

Stocks climb as Brexit, Grexit risks ease LONDON: Easing concerns over several major global risks helped stock markets rise robustly for a second day on Wednesday, underpinned by gains in oil and metals prices and data showing the U.S. economy can deal with a hike in interest rates.Traders say several polls showing Britain will vote strongly to stay in the European Union in a referendum in June have done more than just support sterling, up 5 percent in trade-weighted terms from lows hit in April.A new debt deal for Greece also looked to have headed off the risk of another round of uncertainty over its finances and even its future in the euro zone after a funding crisis a year ago, pushing European stock markets higher across the board."The agreement should ensure that Greece remains little source of negative headline risk throughout the rest of the year," Deutsche Bank analysts said in a note."The big question over ...

Markets - Equity - Europe

European shares hit new 4-week high, Novo Nordisk leads LONDON: European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners.The pan-European FTSEurofirst 300 index was up 0.7 percent in early dealings, with the index briefly touching its highest level since late April.Novo Nordisk rose 3 percent, the top FTSEurofirst 300 gainer, after the U.S. Food & Drug Administration (FDA) ...

Markets - Equity - Europe

Britain's FTSE climbs as banks and miners rise, M&S slumps LONDON: Britain's top shares index climbed on Wednesday towards its highest level in nearly a month, lifted by gains at major banks and miners, although retailer Marks & Spencer slumped after a trading update.The blue-chip FTSE 100 index was up 0.5 percent at 6,251.47 points, near its highest level in around a month.Banks across Europe rose after the euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a ...

Markets - Equity - Europe

Energy and banking stocks boost European shares, M&S slumps LONDON: European equities climbed to a four-week high on Wednesday, with energy shares rising on the back of a rally in oil and Greek banks gaining after politicians made progress on talks over securing a debt relief deal.However, British retailer Marks & Spencer slumped after saying that its turnaround plan would hit profits in the short term.The FTSEurofirst 300 was up 0.9 percent by 0816 GMT, having hit its highest level since late April and ...

Markets - Equity - Europe

European equities advance at open LONDON: European stock markets rose at the start of trading on Wednesday, extending recent gains on bright US economic data, a debt relief deal for Greece and easing Brexit concerns.In initial deals, London's benchmark FTSE 100 index won 0.7 percent to 6,263.93 points compared with Tuesday's close, as fears eased over Britain's looming June 23 referendum on EU membership.In the eurozone, Frankfurt's DAX 30 index added 0.9 percent to 10,143.37 points and the Paris CAC ...

Markets - Equity - Europe

Bank shares boost TSX ahead of earnings TORONTO: Canada's main stock index closed higher on Tuesday as strength in the financial sector ahead of the bank earnings season helped overcome a slump in shares of gold miners.The TSX, which also received support from the energy group, hit a seven-month high earlier in the session.The index pushed above the 14,000 threshold for the first time since October, as trading resumed after the Victoria Day holiday on Monday. It has rebounded 21 percent from ...

Markets - Equity - Europe

Britain's FTSE 100 hits three-week high as banks, Kingfisher rally LONDON: Britain's top share index rose on Tuesday, bolstered by a rally in banking stocks and a well-received trading statement from Kingfisher.The FTSE 100 index was up 83.32 points, or 1.4 percent, at 6,219.75 points by 1429 GMT, touching a three-week high.The rally was broad-based, with grocer Tesco, Royal Bank of Scotland and Old Mutual all gaining between 4.9 percent and 6.9 percent.Royal Bank of Scotland rose after a U.S. appeals court voided a Bank ...