05052016Thu
Last update: Thu, 05 May 2016 07pm

Europe

Markets - Equity - Europe

Weak Q1 weighs on Richter stock, Czech, Romanian rates seen on hold BUDAPEST: Shares of Hungarian drug maker Richter fell early on Thursday and underperformed the wider Budapest bourse after it reported a 19 percent fall in first-quarter net profit.Central European currencies were flat or a touch firmer before interest rate decisions in the Czech Republic and Romania, where central banks are expected to keep rates on hold.The Czech central bank (CNB) is also widely expected to keep the outlook for its weak crown policy unchanged when it meets on Thursday but analysts increasingly find it likely the bank will later extend the intervention regime by several months into the second half of 2017.Analysts also see it as unlikely that the bank will employ negative rates as upside pressure on the crown cap has eased in recent months."We see a risk the CNB will postpone officially its exit from the FX floor into mid-2017 from 'H1-2017, closer to mid- 2017' as indicated ...

Markets - Equity - Europe

Europe shares, oil snap four-day losing streaks LONDON: European stocks and oil prices snapped a four-day losing streak on Thursday and a rally in bond markets fizzled out as investors began to position themselves for US jobs data. The pan-European FTSEurofirst 300 index, which had fallen 1.2 percent to its lowest level in nearly a month in the previous session, rebounded 0.3 percent as firmer oil prices helped lift the region's big producers. Asian shares failed to avoid a seventh day of ...

Markets - Equity - Europe

Turkish stocks plunge on possible ousting of prime minister LONDON: Turkish stocks fell almost 2 percent on Thursday to eight-week lows and default insurance costs surged after the country's prime minister looked set to leave after clashing with President Tayyip Erdogan. The Turkish woes came against a backdrop of generally lacklustre emerging equity markets which are being rattled by signs of a renewed and prolonged downturn in world growth with little sign of any pick up in developing countries.Istanbul-listed stocks are track for their ...

Markets - Equity - Europe

European stock markets steady at open LONDON: Europe's main stock markets were steady at the start of trading on Thursday after two days of heavy losses on concerns over slowing global growth.London's benchmark FTSE 100 index climbed 0.2 percent to 6,125.56 points compared with Wednesday's close. In the eurozone, Frankfurt's DAX 30 index rose 0.2 percent to 9,849.70 points and the Paris CAC 40 dipped 0.1 percent in value to open at 4,321.36.A disappointing set of readings and announcements from the ...

Markets - Equity - Europe

Britain's FTSE hits three-week low as mining shares extend losses LONDON: Britain's FTSE 100 index slid to a three-week low on Wednesday as basic-resources stocks extended the previous day's losses and retailers came under pressure.The FTSE 100 index dropped for a third straight session and closed down 73.57 points, or 1.2 percent, at 6,112.02 points, its lowest level since early April.The UK mining index fell 4.2 percent after slumping 6.8 percent on Tuesday as copper prices slipped further on concern about weakness in global manufacturing ...

Markets - Equity - Europe

European shares led down by Dialog and BHP; Athens outperforms LONDON/MILAN: European stocks fell on Wednesday, with Dialog Semiconductor slumping after it cut its revenue outlook and BHP Billiton hit by news of a lawsuit filed against it in Brazil.The pan-European FTSEurofirst 300 index shed 1.2 percent to 1,302.72 points, its lowest closing level in nearly four weeks. It lost 1.7 percent on Tuesday."We may have the odd move higher, but we remain in a longer-term bear market," said Andreas Clenow, chief investment officer of ...

Markets - Equity - Europe

ICE says no bid for London Stock Exchange NEW YORK: US-based global markets operator Intercontinental Exchange said Wednesday it had decided not to make an offer for the London Stock Exchange, which has agreed to merge with Deutsche Boerse."ICE determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination," the company said in a statement."Therefore, ICE has confirmed that it has no current intention to make an offer for LSEG."ICE, owner of the New York ...