05012016Sun
Last update: Sun, 01 May 2016 08pm

Europe

Markets - Equity - Europe

Apple's results hit tech shares, dollar dips before Fed LONDON: Technology stocks fell in Europe and Asia on Wednesday after worse-than expected results from Apple and Twitter, while the dollar weakened before a U.S. monetary policy decision, propelling oil to 2016 highs.Apple fell 7.5 percent in pre-market trading after the company reported on Tuesday its first decline in iPhone sales and its first drop in revenue in more than a decade. Twitter lost more than 14 percent after first-quarter revenue lagged expectations.Wall Street was expected to open lower, with futures on the tech-heavy Nasdaq down more than 1 percent. Facebook and PayPal are expected to report results after the market closes on Wednesday.In Europe, Austria's AMS fell 2 percent, though Dialog Semiconducter and ARM reversed early declines.Japan's Nikkei index closed 0.4 percent lower and Taiwan shares fell 0.2 percent as shares of suppliers of parts for iPhones fell.The pan-European FTSEurofirst 300 index rose 0.2 percent. German sportswear group Adidas ...

Markets - Equity - Europe

London Stock Exchange says merger with Deutsche Boerse on track LONDON: The London Stock Exchange Group stuck to its guns on Wednesday over its planned merger with Deutsche Boerse, saying the deal would be derailed by neither regulators nor any British exit from the European Union.In its first annual shareholder meeting since mapping out a plan in February to create a $30 billion cross-border exchange group, the group tried to ease concerns over the tie-up.Analysts have questioned whether EU competition regulators would approve the deal ...

Markets - Equity - Europe

European stock markets hold steady at open LONDON: Europe's main stock markets steadied at the open on Wednesday, as investors awaited the outcome of the US Federal Reserve's latest interest rate meeting.London's benchmark FTSE 100 index added a marginal 0.02 percent to 6,286.01 points compared with Tuesday's closing level.In the eurozone, Frankfurt's DAX 30 index gained 0.2 percent to 10,283.10 and the Paris CAC 40 edged 0.04 percent higher to 4,534.99 points."Trading all this week has been dominated by this evening's Federal ...

Markets - Equity - Europe

European, US stocks mostly dip ahead of US, Japan bank meetings LONDON: European and US stocks were largely lower Tuesday as investors eyed looming central bank meetings in the US and Japan.After last week's healthy gains, traders appeared to be taking a step back before the two-day US Federal Reserve talks, starting Tuesday, which may offer signs of action in the future.In the wake of turmoil across world markets early in the year, the Fed has lowered expectations of rate rises this year -- saying it ...

Markets - Equity - Europe

European stocks mostly dip before US, Japan bank meetings LONDON: European indices were mostly lower Tuesday as investors eyed looming central bank meetings in the US and Japan, but US stocks rose on the back of largely solid earnings from big hitters.Having piled up healthy gains last week, traders took a step back before the two-day US Federal Reserve meeting, which starts Tuesday and may offer some signs of action by the in the future.After the turmoil across world markets at the start of ...

Markets - Equity - Europe

Malaysia, Saudi stocks fall in gloomy emerging markets LONDON: Emerging equities approached two-week lows on Tuesday pressured by sluggish economic growth and fears of default in Malaysia while Saudi shares pulled back from the 3-1/2 month highs hit after the kingdom unveiled its reform plan on Monday.Investors were also starting to retreat to the sidelines before crucial central bank meetings in Japan and the United States. With U.S. growth looking increasingly anaemic, few expect the Federal Reserve to make a move this week ...

Markets - Equity - Europe

European shares rebound as UPM, BP results beat forecasts LONDON: Encouraging company results and firmer oil prices helped European shares rebound on Tuesday, with pulp and paper maker UPM and oil major BP moving higher after better-than-expected reports.UPM surged 10.6 percent, the biggest gain in the pan-European FTSEurofirst 300, after reporting a 34 percent rise in adjusted operating profit in the first quarter ."European equity markets are trading moderately higher on positive corporate earnings surprises from several companies," said Markus Huber, a trader at ...