02132016Sat
Last update: Sat, 13 Feb 2016 03pm

Europe

Markets - Equity - Europe

Slump in banks and resources pushes European shares 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 commodity-related stocks, with Societe Generale sliding after disappointing results.The pan-European FTSEurofirst 300 was down 3.7 percent at 1,195.76 points at its close, having earlier in the session slumped to its lowest level since August 2013.The index had snapped a seven-day losing run in the previous session when it rose 1.8 percent. But an 11.3 percent slump so far in February has the index set for its biggest monthly fall since 2008, and it is down 16.6 percent so far this year.Banks were down 6.3 percent, the top sectoral faller. The sector is down nearly 11 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 28.6 percent so far in 2016.Among ...

Markets - Equity - Europe

Global stock markets plunge on Fed gloom LONDON: A fierce sell-off gripped world markets Thursday after a warning by US Federal Reserve boss Janet Yellen over the global economy, while oil fell close to 13-year lows.New York's Dow Jones Industrial Average followed European exchanges lower, having already dropped the previous session as Yellen also played down the chances of another US interest rate hike any time soon.The news sparked a renewed sell-off in Asia on Thursday, with Hong Kong stocks tumbling as ...

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 ...

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 ...