01182017Wed
Last update: Wed, 18 Jan 2017 11pm

Europe

Markets - Equity - Europe

European shares fall, sterling dives on Brexit comments LONDON: The dollar edged up on Monday, boosted by robust U.S. wage growth data that strengthened the case for more U.S. interest rate rises, while Britain's pound fell on comments by Prime Minister Theresa May seen as pointing to a "hard" Brexit.Britain's blue-chip FTSE 100 index nonetheless hit a record high as the first full trading week of 2017 on London markets began. The pan-European STOXX 600 index dropped 0.5 percent in early deals.Wall Street, which hit record highs on Friday, also looked set for a cautious start, with index futures lower as oil prices fell.Britain's pound was the big mover on currency markets, falling 1 percent against the dollar and the euro, in reaction to weekend comments from May that were interpreted as suggesting that she would prioritise reducing immigration over access to the European Union single market when Britain leaves the EU."The rise in the FTSE is really ...

Markets - Equity - Europe

Stocks hold near 1-1/2 year highs before US jobs data LONDON: World stocks held near 1-1/2 year highs and the dollar moved up from a three-week low on Friday, with investors looking ahead to US jobs data to provide clues on the pace of US interest rate rises this year.MSCI's gauge of the world's stock markets hit its highest since July 2015, taking its gains so far this year to 1.7 percent, helped by this week's generally upbeat economic readings in the US, China and ...

Markets - Equity - Europe

Britain's FTSE spurred to new record by Persimmon's bullish update LONDON: Britain's top share index rose to a fresh record high on Thursday, boosted by a bullish update from housebuilder Persimmon, which reported a rise in sales despite Britain's vote last year to leave the European Union. Britain's FTSE 100 touched a new record at 7,211.96 points as it gained in early trading. The index has hit fresh record highs in three of the last four sessions. Persimmon was the top gainer on the index, ...

Markets - Equity - Europe

Stock markets drift after Fed update LONDON: Stock markets flattened Thursday and the dollar lost support as investors gave a lukewarm response to the Federal Reserve's signal that US interest rates may rise faster than expected.US central bankers on Wednesday hinted that they may need to raise interest rates more rapidly than planned owing to "considerable uncertainty" linked to US President-elect Donald Trump's fiscal stimulus plans that risks fanning inflation.This was according to minutes of the final 2016 policy meeting in ...

Markets - Equity - Europe

European stock markets fall at open LONDON: Europe's main stock markets fell at the start of trading on Thursday as investors digested Federal Reserve signals on the pace of future US interest rate rises.London's benchmark FTSE 100 index dipped by a few points to 7,187.80 points, compared with the closing level on Wednesday which was a fifth record high finish in a row.In the eurozone Thursday, Frankfurt's DAX 30 index opened with a loss of 0.4 percent at 11,584.3 points and ...

Markets - Equity - Europe

Britain's FTSE steadies near record high, Next slumps LONDON: Britain's top share index closed slightly firmer and near a record high on Wednesday as a rally in housebuilders was offset by a slump in retailers after Next issued a profit warning.The bluechip FTSE 100 index closed 0.17 percent higher at 7,189.74 points, having touched an all-time high of 7,205.45 in the previous session.Next hit a two-month low and closed 14.4 percent weaker after the retailer cut its profit guidance for the current financial ...

Markets - Equity - Europe

European stocks downbeat before Fed minutes LONDON: European stock markets mostly eased Wednesday as traders awaited clues from the Federal Reserve on the outlook for US interest rates.London's FTSE 100 was down a few points after the benchmark index hit record highs on Tuesday. In the eurozone, Frankfurt's DAX 30 index fell 0.2 percent and the Paris CAC 40 lost 0.1 percent compared with Tuesday's closing values.Wall Street opened firm, but still around 80 points short of the landmark 20,000 point ...