08272016Sat
Last update: Sat, 27 Aug 2016 09am

Europe

Markets - Equity - Europe

Markets stir as Yellen eyes case for rate rise LONDON: European stock markets stirred Friday at the end of a tranquil week as Federal Reserve chief Janet Yellen indicated there was a case for raising US interest rates.Market watchers were waiting for Yellen to show her hand in an address to an annual gathering of central bankers in Jackson Hole, Wyoming.Noting strong US job growth, Yellen said gradual increases in the Fed's benchmark rate in the coming years should be expected."In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months," Yellen said, according to prepared remarks.European stocks advanced as news of her comments emerged with London and Frankfurt rising 0.3 percent and Paris gaining 1.0 percent in late afternoon trading."The event we have been waiting for all week is finally upon us and ...

Markets - Equity - Europe

Markets under pressure before Yellen LONDON: European stock markets mainly fell on Friday, as investors waited on a speech from Federal Reserve chief Janet Yellen for clues over the outlook for US interest rates.Frankfurt and Paris held in negative territory, while Asian stocks wobbled ahead of the weekend. London equities flatlined as official data confirmed that the British economy grew by 0.6 percent in the second quarter, compared with the previous three months.With few other catalysts this week, Yellen's speech ...

Markets - Equity - Europe

Dollar dips, shares touch two-week low before Yellen LONDON: The dollar edged down and global shares slipped to a two-week low on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.The MSCI All-Country World index was down 0.1 percent by 0817 GMT, after slipping to its lowest level since Aug. 9, while the pan-European STOXX 600 fell 0.2 percent.Investors were wary of Yellen hinting at a ...

Markets - Equity - Europe

European shares extend losses, focus on Jackson Hole LONDON: European equities edged lower on Friday, with investors focusing on a speech by Federal Reserve Chair Janet Yellen later in the session for hints about the timing of a U.S. interest rate hike.Yellen will deliver the keynote speech at a global central bank gathering in Jackson Hole. Hawkish comments from a slew of other Fed officials have already raised expectations of a rate hike this year.The pan-European STOXX 600 was down 0.2 percent by ...

Markets - Equity - Europe

Britain's FTSE edges lower as pharmaceuticals weigh again LONDON: Britain's top share index edged lower on Friday, set to finish the week with falls as recent weakness in the pharmaceuticals continued, with investors wary over political risk in the sector.By 0900 GMT, the FTSE 100 was down 4.20 points, or 0.1 percent, at 6,812.70, down 0.7 percent for the week and set for a second straight weekly fall.Investors were awaiting a speech by Federal Reserve Chair Janet Yellen at a summit in Jackson ...

Markets - Equity - Europe

Euro zone bond yields creep up as markets put Yellen in sight LONDON: Euro zone government bond yields crept up on Friday, as caution prevailed before a speech by Federal Reserve chief Janet Yellen that could settle the debate on whether to expect a U.S. rate rise before the year ends.Recent strong U.S. economic data have encouraged some Fed policymakers to believe that interest rates should rise soon.The Fed lifted rates for the first time in nearly a decade in December, but has kept them on hold ...

Markets - Equity - Europe

Equities set 2-week low before Yellen speech, dollar dips LONDON: Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.The MSCI All-Country World index was down 0.1 percent by 1041 GMT, after slipping to its lowest level since Aug. 9 earlier in the session. The pan-European STOXX 600 index also fell 0.1 percent.Investors were wary ...