05282016Sat
Last update: Sat, 28 May 2016 07am

Europe

Markets - Equity - Europe

Energy and banking stocks boost European shares, M&S slumps LONDON: European equities climbed to a four-week high on Wednesday, with energy shares rising on the back of a rally in oil and Greek banks gaining after politicians made progress on talks over securing a debt relief deal.However, British retailer Marks & Spencer slumped after saying that its turnaround plan would hit profits in the short term.The FTSEurofirst 300 was up 0.9 percent by 0816 GMT, having hit its highest level since late April and adding to the previous session's jump of more than 2 percent. The STOXX Europe 600 index was also up 0.9 percent.Energy shares were in demand after oil prices pushed closer to $50 a barrel, with U.S. crude hitting its highest in more than seven months after industry data suggested a larger-than-expected drawdown in U.S. crude inventories last week.The STOXX Europe 600 Oil and Gas index rose 1.5 percent, helped by a gain of 3.5 percent ...

Markets - Equity - Europe

European equities advance at open LONDON: European stock markets rose at the start of trading on Wednesday, extending recent gains on bright US economic data, a debt relief deal for Greece and easing Brexit concerns.In initial deals, London's benchmark FTSE 100 index won 0.7 percent to 6,263.93 points compared with Tuesday's close, as fears eased over Britain's looming June 23 referendum on EU membership.In the eurozone, Frankfurt's DAX 30 index added 0.9 percent to 10,143.37 points and the Paris CAC ...

Markets - Equity - Europe

Bank shares boost TSX ahead of earnings TORONTO: Canada's main stock index closed higher on Tuesday as strength in the financial sector ahead of the bank earnings season helped overcome a slump in shares of gold miners.The TSX, which also received support from the energy group, hit a seven-month high earlier in the session.The index pushed above the 14,000 threshold for the first time since October, as trading resumed after the Victoria Day holiday on Monday. It has rebounded 21 percent from ...

Markets - Equity - Europe

Britain's FTSE 100 hits three-week high as banks, Kingfisher rally LONDON: Britain's top share index rose on Tuesday, bolstered by a rally in banking stocks and a well-received trading statement from Kingfisher.The FTSE 100 index was up 83.32 points, or 1.4 percent, at 6,219.75 points by 1429 GMT, touching a three-week high.The rally was broad-based, with grocer Tesco, Royal Bank of Scotland and Old Mutual all gaining between 4.9 percent and 6.9 percent.Royal Bank of Scotland rose after a U.S. appeals court voided a Bank ...

Markets - Equity - Europe

European shares climb to 4-week highs as financial stocks rally LONDON/MILAN: European shares rose to their highest point in almost 4 weeks on Tuesday as firmer financial stocks lifted the region's equity markets.The pan-European FTSEurofirst 300 and STOXX 600 indexes rose 2.2 and 2.3 percent respectively, extending earlier gains helped by a weakening euro and a reversal of crude oil prices into positive territory.Sentiment was also underpinned by comments from European Central Bank supervisory chief Daniele Nouy, who said the bank was working on new ...

Markets - Equity - Europe

European stocks bank higher LONDON: European stock markets rebounded Tuesday, led sharply higher by banking shares boosted by an apparent ebbing in the chances of a leave vote in Britain's upcoming referendum on EU membership.London's benchmark FTSE 100 index climbed 1.4 percent compared with Monday's close, while the pound picked up a couple of cents against both the dollar and euro.Frankfurt's DAX 30 index rose 2.2 percent and the Paris CAC 40 jumped 2.5 percent."European markets firmed on Tuesday ...

Markets - Equity - Europe

European stocks rebound LONDON: European stock markets rebounded on Tuesday, as traders brushed off more warnings linked to Britain's upcoming referendum on EU membership.Around 1330 GMT, London's benchmark FTSE 100 index was up 1.0 percent compared with Monday's close.Frankfurt's DAX 30 index grew 1.5 percent and the Paris CAC 40 jumped 1.8 percent."European markets firmed on Tuesday in what was basically an unwinding of yesterday's modest losses," said Jasper Lawler, market analyst at traders CMC Markets."The gain in ...