01222017Sun
Last update: Sun, 22 Jan 2017 07pm

Europe

Markets - Equity - Europe

European stocks extend rebound LONDON: European stock markets rose solidly for a second day running Thursday, in the wake of gains across Asia.Indices had rebounded Wednesday on receding worries about Russian-Turkish tensions, while US gains were muted following a stream of economic data ahead of the Thanksgiving Day holiday Thursday.Strong advances in London, Paris and Frankfurt marked a welcome shift from Tuesday's pullback in the wake of the shooting down of a Russian warplane by Turkey on the Syrian border.Around 1130 GMT Thursday, London's benchmark FTSE 100 index was up 0.5 percent compared with Wednesday's close.In the eurozone, Frankfurt's DAX 30 index shot up 1.3 percent and the Paris the CAC 40 won 0.9 percent."With the US on holiday and a rate hike priced in to the market for next month, attention lies squarely on the eurozone as investors debate how effective the next round of anticipated monetary easing will be," said Mike McCudden, ...

Markets - Equity - Europe

Euro on shaky ground as ECB easing talk mounts, stocks up LONDON: The euro slipped back towards seven-month lows, bond yields fell and European shares gained on Thursday as talk of aggressive stimulus from the European Central Bank next week grows.European shares rose 0.25 percent in early trade, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent. Japan's benchmark stock index also closed 0.5 percent higher.The euro remained under pressure a day after euro zone central bank officials told Reuters that they are ...

Markets - Equity - Europe

Miners help FTSE to edge higher, BHP slips LONDON: Britain's top share index edged higher in early trade on Thursday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader stock market.The UK mining index rose 1 percent, the top sectoral gainer, after nickel prices rose sharply on supply concerns. Prices of other industrial metals such as copper and aluminium were also strong.Shares in Anglo American, Glencore, Fresnillo and Antofagasta rose 1.8 to 4.0 percent, helping ...

Markets - Equity - Europe

European shares rise on ECB stimulus hopes; Infineon shines MILAN: European shares rose on Thursday, helped by growing expectations of aggressive European Central Bank action next week, while a solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support.The pan-European FTSEurofirst 300 index was up 0.38 percent by 0930 GMT after gaining 1.4 percent on Wednesday , while the Euro STOXX 50 was up 0.53 percent."Expectations surrounding the ECB are running very high and this is driving European markets ...

Markets - Equity - Europe

Russia stand-off weighs on Turkey, EM stocks edge up LONDON: Turkish assets remained under pressure on Thursday as a dispute with Russia over its downed jet rumbled on, but other emerging equities edged up, snapping a three-day losing streak.Turkish stocks fell 0.4 percent, hovering near the six-week lows hit the previous day, and the lira weakened 0.4 percent against the dollar as tensions remained high in the wake of Turkey's downing of a Russian warplane on Tuesday.Russia has said it will keep flying missions ...

Markets - Equity - Europe

European stock markets steady at open LONDON: Europe's main stock markets opened steadily on Thursday, with trading expected to be quiet amid the US Thanksgiving holiday.London's benchmark FTSE 100 index was flat at 6,337.88 points compared with Wednesday's closing level. In the eurozone, Frankfurt's DAX 30 edged up 0.1 percent to 11,180.13 points and the Paris CAC 40 lost 0.2 percent to 4,884.35.Copyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Europe

Polish bank stocks rebound, Hungary's draft tax cut bill fails to lift OTP BUDAPEST: Polish financial sector stocks regained some ground on Wednesday after sliding for two days due to worries over the fallout from the bankruptcy of small lender SK Bank.But sentiment remained fragile, illustrated by the zloty and the forint, Central Europe's most liquid currencies, weakening to 2-week lows against the euro.Although EU membership shields the region's assets against contagion from other European emerging markets, they were not immune to geopolitical worries triggered by the downing ...