01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Europe

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets recovered at the start of trading Wednesday, with London's FTSE 100 up 0.5 percent to 7,256.31 points after falling sharply the previous session.In the eurozone, Frankfurt's DAX 30 index grew 0.5 percent to 11,592.12 points and the Paris CAC 40 won 0.3 percent to 4,874.31 compared with the close on Tuesday.The FTSE had closed down 1.5 percent Tuesday as the pound shot higher after British Prime Minister Theresa May fleshed out her plans for Brexit.A stronger pound weighs on the share prices of multi-nationals trading on the FTSE.Copyright AFP (Agence France-Press), 2017 ...

Markets - Equity - Europe

Markets tread lower before key Brexit speech LONDON: Europe's main stock markets slid Tuesday but the pound rebounded somewhat, as British Prime Minister Theresa May was set to make a hotly-anticipated speech on Brexit strategy.London stocks declined as investors reacted also to news that annual inflation jumped to a two-and-a-half year peak at 1.6 percent in December.Britain's premier is expected to say she favours a clean break from the European Union, dismissing a "half-in, half-out" Brexit deal with Brussels.May, speaking at around ...

Markets - Equity - Europe

European stock markets drop before key Brexit speech LONDON: Europe's main stock markets slid in opening trade on Tuesday, as British Prime Minister Theresa May was set to make a hotly-anticipated speech on Brexit strategy.In initial deals, London's FTSE 100 benchmark index of top blue-chip companies shed almost 0.3 percent to 7,308.49 points, compared with Monday's close.In the eurozone, Frankfurt's DAX 30 index dropped 0.3 percent to 11,521.50 points and the Paris CAC 40 lost 0.4 percent to 4,865.19.Britain's premier is expected Tuesday ...

Markets - Equity - Europe

Polish bonds firm after credit ratings affirmed BUDAPEST/WARSAW: Polish government bonds firmed on Monday after Fitch affirmed the country's 'A-' credit rating on Friday, with stable outlook, and Moody's did not update its own rating.Some investors had feared a downgrade.Governments in Central Europe lift spending and cut taxes to help their economies, after central banks have reached their limits in economic stimulus, cutting rates to record lows.Rate hikes are not on the agenda yet even though inflation is picking up, US interest ...

Markets - Equity - Europe

Stocks retreat as pound tanks on Brexit fear LONDON: The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit".Sterling's weakness sent London's FTSE 100 index to a fresh record high, although the index later fell back and closed with a slight loss, ending a record 14-session winning streak."The main action today has been on the currency market with the pound sliding to its lowest levels since ...

Markets - Equity - Europe

Investors turn wary as Brexit, Trump uncertainty grows LONDON: Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of US President-elect Donald Trump curbed appetite for risk.The dollar rose, except against the yen, rebounding after suffering its worst week since November, when it was hit by a lack of clarity over what Trump, whose inauguration is on Friday, will do once ...

Markets - Equity - Europe

Stock markets firmer ahead of weekend LONDON: Europe's main stock markets ended the week in an upbeat mood Friday, with London topping a new high, and prices on Wall Street modestly higher on the back of favourable results from banks. "The FTSE 100 notched up another all-time high to round off a record-breaking week of gains," said Jasper Lawler at London Capital Group. A steady opening on Wall Street, buoyed by a spate of solid bank earnings reports, helped prop up ...