07302016Sat
Last update: Sat, 30 Jul 2016 08pm

Europe

Markets - Equity - Europe

Britain's FTSE supported by positive company updates LONDON: Britain's top share index ended slightly higher on Tuesday, driven by gains in lender Provident Financial engineering firm GKN and BT, though housebuilders fell after a series of price target cuts.The blue chip FTSE 100 index closed 0.2 percent higher at 6,724.03 points. The index is up about 16 percent since a post-Brexit slump, but is up only 12 percent in dollar terms because of a sharp decline in the sterling.The market was underpinned by a rise in basic resources stocks after recent sharp losses, with the UK mining index gaining about 2 percent.The FTSE 100 index was also helped by several individual companies. Shares in Provident Financial surged 5.7 percent, the top gainer in the FTSE 100 index, after saying that its first half adjusted pre-tax profit jumped 17.6 percent.Engineering firm GKN was also among the top risers, up 3.8 percent, after sticking to a forecast for 2016 ...

Markets - Equity - Europe

Yen jumps before Bank of Japan meeting, oil slides LONDON: A buoyant yen and oil prices at their lowest in three months kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates.U.S. equity markets fell while stocks in Europe traded slightly above break-even as gains in major healthcare and consumer goods stocks propped up European equities to offset persistent concerns over the region's ...

Markets - Equity - Europe

Global stocks jittery as Fed meets LONDON: European stocks edged up Tuesday while Wall Street dipped slightly as investors eyed a two-day US Federal Reserve meeting for hints on possible interest rates hikes.Just ahead of Deutsche Boerse shareholders backing its merger with the London Stock Exchange, the FTSE 100 closed 0.2 percent higher.Dealers are also awaiting Wednesday's British economic growth data and a Bank of England interest rate call next week. Frankfurt stocks meanwhile gained 0.5 percent, while Paris cautiously regained ...

Markets - Equity - Europe

No choppers yet: yen jumps before Bank of Japan meeting LONDON: A buoyant yen and a fall in oil prices to their lowest since early May put stock markets on the defensive on Tuesday, as investors position for central bank meetings in the United States and Japan.The rise in the yen, traditionally a safe haven for capital when investors are concerned by political and economic risks, may be largely due to a recalibrating of expectations for the scale of new economic stimulus from the Bank ...

Markets - Equity - Europe

European stocks stable at open LONDON: Europe's main stock markets steadied at the start of trading on Tuesday, as dealers awaited this week's interest rate decisions in Japan and the United States.In initial trade, London's FTSE 100 index added nearly 0.2 percent to stand at 6,720.94 points, compared with the close on Monday.In the eurozone, Frankfurt's DAX 30 was essentially flat at 10,199.66 points, while the Paris CAC 40 firmed almost 0.1 percent to 4,385.32.Eurozone stock markets had risen tentatively ...

Markets - Equity - Europe

Eurozone equities rise on resilient German businesses LONDON: Eurozone stock markets tentatively rose Monday, buoyed by resilient German post-Brexit business sentiment, as traders await Japanese and US central bank talks for possible hints of future action.Frankfurt's benchmark DAX 30 index grew 0.5 percent in value after a key survey showed that Britain's vote to leave the European Union has had a limited impact on business confidence in Germany.It was the first time pollsters had taken the pulse of Europe's biggest economy since ...

Markets - Equity - Europe

FTSE ends lower after 11-month highs as energy shares weigh LONDON: Britain's top share index ended lower after hitting an 11-month high on Monday, with a fall in crude oil prices hurting energy stocks and weaker gold prices and negative company updates dragging down precious metals miners.The internationally-exposed FTSE 100 index finished 0.3 percent weaker at 6,710.13 points after setting an intra-day peak of 6,756.13, the highest level since August last year. It is up 15 percent since the post-Brexit slump, but is up only ...