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Last update: Thu, 11 Feb 2016 11pm

Europe

Markets - Equity - Europe

Bank and miner slump sees European shares slide to 2-1/2 year low LONDON: A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and miners, with Societe Generale sliding after disappointing results. The pan-European FTSEurofirst 300 was down 3.4 percent at 1,199.01 points by 0848 GMT, slumping to its lowest level since August 2013.It rose 1.8 percent in the previous session, snapping a 7-day losing run. But a 10.8 percent slump so far in February has the index set for its biggest monthly fall since 2008, and it is down 16.4 percent so far this year. Banks were down 5.9 percent, the top sectoral faller. The sector is down over 10 percent so far this week as concerns over profitability in a low-growth, low-interest rate environment have knocked confidence in the sector. The sector has lost 28 percent so far in 2016. The biggest faller in the bank sector ...

Markets - Equity - Europe

Britain's FTSE flops as banks and miners fall LONDON: Britain's top share index fell on Thursday as a drop in major banking and mining stocks pushed the market down to its lowest level in more than three years. The blue-chip FTSE 100 index fell 2.3 percent to 5,540.32 points in early session trading, marking its lowest level since late 2012. Banks were among the worst performers amid concerns about the industry's profitability in a low-growth, low-interest rate environment. HSBC and Standard Chartered fell ...

Markets - Equity - Europe

European stock markets sink at open LONDON: European stocks dived in opening deals on Thursday, resuming heavy falls after Federal Reserve boss Janet Yellen warned over financial market turbulence and the health of the global economy.In initial trade, London's FTSE 100 benchmark index shed almost 1.2 percent to 5,606.3 points compared with the close on Wednesday.In the eurozone, Frankfurt's DAX 30 index lost 1.4 percent to 8,887.9 points and the Paris CAC 40 sank nearly 1.8 percent to 3,990.3. Copyright AFP ...

Markets - Equity - Europe

Financial stocks help Britain's FTSE bounce back LONDON: Britain's top share index moved higher on Wednesday, led by financial stocks as banks made up some ground on bargain-hunting after three straight sessions of losses.However, gains were curtailed after Federal Reserve Chair Janet Yellen said that the Fed should be able to gradually adjust monetary policy thanks to strength in the U.S. economy, despite growing concerns over global growth.The blue-chip FTSE 100 index rose 40.11 points, or 0.7 percent to 5,672.30 by the ...

Markets - Equity - Europe

European shares snap 7-day losing streak as Deutsche Bank recovers LONDON/MILAN: European shares snapped a seven-day losing streak on Wednesday after hitting two-year lows in the previous session, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows.Gains were slightly reduced after Janet Yellen said the Federal Reserve should be able to gradually adjust monetary policy thanks to strength in the U.S. economy, despite growing concerns over the resilience of global growth."Yellen's speech has slightly raised concerns surrounding economic growth ...

Markets - Equity - Europe

Britain's FTSE 100 mired near 3-year lows LONDON: Weaker mining and banking stocks kept Britain's top share index mired near three-year lows on Tuesday as concern lingered over the global economy and the health of the financial sector.The FTSE 100 index, was down 1 percent at 5,632.19 points at its close, near its lowest for about three years and down 20 percent from its record high of 7,122.74 in April 2015. It has lost nearly 10 percent since the start of 2016.Signs ...

Markets - Equity - Europe

European shares hit lowest since Sept 2013 as banks extend falls LONDON/MILAN: European shares fell for a seventh consecutive session on Tuesday to touch their lowest level in more than two years as worries about the impact on banks of sustained low interest rates kept sentiment fragile.The pan-European FTSEurofirst 300 lost 1.6 percent to close at 1,219.82 points after falling by as much as 2.6 percent to its lowest since September 2013.The European banking index fell 4 percent, reversing earlier gains after Monday's 5.6 percent slump. ...