09252016Sun
Last update: Sun, 25 Sep 2016 08pm

Europe

Markets - Equity - Europe

Fed support helps EM stocks clock solid weekly gains LONDON: Emerging stocks nudged lower on Friday but were on track for the biggest weekly gains since mid-July while currencies were more mixed as the prospect of very gradual US interest rate rises continued to support assets from developing economies.Emerging markets breathed a sigh of relief after the Federal Reserve on Wednesday maintained its low interest rate stance and projected a less aggressive rate rise trajectory in 2017 and 2018. This fuelled expectations that ample liquidity was here to stay for now and investors would continue their hunt for yield.While MSCI's emerging markets benchmark snapped a four day winning streak to soften 0.25 percent on the day, the index was on track for a near 4 percent jump over the week and has soared nearly 16 percent since the start of the year."Emerging markets assets will get a bit more support from less tightening in the US," said William Jackson, ...

Markets - Equity - Europe

European shares pull back after Fed-inspired rally; RWE falls MILAN: European shares fell on Friday, pulling back from two-week highs hit the previous session after the Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers. The pan-European STOXX 600 index was 0.7 percent lower, retreating a touch after having closed at its highest level since Sept. 9 on Thursday.The index is down over 5 percent so far this year but was on course to end the week ...

Markets - Equity - Europe

Polish stocks lead fall on government reshuffle news BUDAPEST/WARSAW: Warsaw stocks led a retreat of Central European equities on Friday, after Poland's Prime Minister flagged a government reshuffle which may include the finance minister.The Polish government's unorthodox economic policies and constitutional court changes have often caused market jitters in the past year.Prime Minister Beata Szydlo said she would announce the personnel changes next week and that they could also affect the management of state-run companies.Before Szydlo spoke, the Fakt tabloid said, quoting unnamed ...

Markets - Equity - Europe

Stocks head for best week since July despite mixed mood LONDON: Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that US policymakers intend to put an end to an era of ultra-low interest rates. European stock markets dropped half a percent in early trade, but global share indices were still near 13-month highs, helped by the assumption after a statement on Wednesday that the Federal Reserve, ...

Markets - Equity - Europe

European stocks recoil at open LONDON: European stocks slid Friday in opening trade as investors paused for breath following a global rally after US and Japanese central banks kept their easy-money policies in place.In initial trade, London's benchmark FTSE 100 index shed 0.3 percent to 6,893.22 points compared with the closing level on Thursday.In the eurozone, Frankfurt's DAX 30 declined 0.1 percent to 10,662.49 points and the Paris CAC erased 0.3 percent in value to stand at 4,494.50.Investors also took ...

Markets - Equity - Europe

Soothing Fed gives stocks their mojo LONDON: World shares and bonds rallied on Thursday, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, weakening the dollar and lifting commodity prices.European markets followed Wall Street and Asia's lead with Britain's FTSE 100 climbing 0.6 percent and Germany's AX and France's CAC 40 both rising a full 1 percent.Oil and commodities firms gained the most as oil and metal prices rose, while the weakened dollar made ...

Markets - Equity - Europe

European shares touch 2-week high as Fed keeps rates unchanged LONDON: European shares climbed to a two-week high on Thursday, boosted by a rally in mining equities, after the US Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018.The Fed, however, signaled it could still tighten monetary policy by the end of this year as the labour market improved further. Fed Chair Janet Yellen said US growth was looking stronger and rate increases would be ...