06302016Thu
Last update: Thu, 30 Jun 2016 05pm

Europe

Markets - Equity - Europe

Bank shares slide as Brexit turmoil hits world stocks LONDON: World stocks tumbled and European bank shares were on track for their biggest ever two-day fall on Monday as the political and economic fallout of Britain's shock vote to leave the European Union drove sterling to a fresh 31-year low against the dollar.Faced with a second day of turmoil after Thursday's referendum, which most in markets had thought would deliver a vote in favour of staying in the EU, investors sought safe havens such as the yen, gold and core government debt.But moves were not as extreme as on Friday when stocks fell by their most in almost five years.British finance minister George Osborne sought to reassure markets, saying the world's fifth-largest economy was strong enough to cope with the Brexit-inspired volatility, but the positive impact on sterling was only fleeting."This Brexit decision has taken the markets by total surprise. I would remain on the sidelines - no reason ...

Markets - Equity - Europe

Sterling slides as Brexit alarm spreads LONDON: Britain battled to stop worldwide Brexit alarm Monday as sterling crumbled to a three-decade low against the dollar, while bank, airline and property shares plummeted.Other world markets steadied a little after Britain's June 23 vote to abandon the European Union wiped $2.1 trillion off international equity values Friday.Analysts warned of a volatile period ahead as global investors grappled with the financial consequences of the Brexit referendum."Today I want to reassure the British people, and ...

Markets - Equity - Europe

German stocks plunge more than 2pc in early afternoon FRANKFURT: German stocks extended their losses in early afternoon trade on Monday, with the blue-chip DAX 30 falling by more than two percent, weighed down by banking stocks. The DAX, which had already sustained its heaviest losses since 2008 on Friday in reaction to the British vote to quit the European Union, was showing a loss of 2.0 percent at 9,366.47 points at 1055 GMT. Elsewhere in the eurozone, the French CAC-40 was also sharply ...

Markets - Equity - Europe

Britain's FTSE falters as easyJet, housebuilders and banks tumble LONDON: British stocks opened lower on Monday, extending losses from the previous session as last week's vote to leave the European Union hurled Britain into political uncertainty, hitting the shares of British banks, housebuilders and budget airline easyJet.The blue-chip FTSE 100 index fell 1.1 percent to 6,071.19 points by 0823 GMT, with the mid-cap FTSE 250 down 3 percent.Britain's finance minister George Osborne spoke publicly on the Brexit vote for the first time on Monday ...

Markets - Equity - Europe

Stocks slide slows, FX tread water as Brexit shock wears off BUDAPEST: Emerging European currencies firmed a touch and the slide in stocks slowed on Monday as markets took a step back after Friday's negative reaction to Britain's vote to leave the EU, with any future impact on the region's markets expected to be less dramatic.Last week's Brexit dealt a blow to the Western alliance which the former communist countries of eastern Europe joined in hopes of stability and prosperity.Investors in Central Europe have been worried ...

Markets - Equity - Europe

Banking, airline and property shares plunge in London LONDON: Shares in banks, airlines and property companies plunged on the London stock exchange Monday as investors singled out the three sectors as being the most vulnerable to Britain's decision to leave the EU.EasyJet stock fell over 16 percent after the company issued a profit warning, while British Airways parent IAG's shares were down 9.4 percent at around 0900 GMT.Royal Bank of Scotland shares plunged more than 15 percent, Lloyds by 8.9 percent and Barclays ...

Markets - Equity - Europe

Britain's FTSE falters after Brexit vote sparks uncertainty LONDON: UK shares opened lower on Monday, extending losses from the previous session after Britain's vote to leave the European Union hurled Britain into political uncertainty.Britain's blue chip FTSE 100 index opened 0.8 percent lower at 6,091.94 points, while the mid cap FTSE 250 was down 0.6 percent at the open.UK housebuilders were among the top fallers, with Berkeley Group, Taylor Wimpey Barratt Developments and Persimmon down between 3.3 percent to 7.5 percent.Budget airline easyJet ...