06262016Sun
Last update: Sun, 26 Jun 2016 01pm

Europe

Markets - Equity - Europe

European equity rally slows after poor Chinese data LONDON/PARIS: European shares stalled on Monday after a recent rally as poor Chinese trade figures knocked mining shares, although mergers and acquisition activity helped keep pan-European indexes afloat.Nokia rose 2.7 percent as brokers talked up a possible sale of its maps unit.At 1043 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,646.70 points, taking a breather after a 3.7 percent jump last week.Data showed that China's exports plunged 15 percent in March while import shipments fell at their sharpest rate since 2009, a shock outcome that deepens concern about sputtering growth in the world's second-largest economy and its biggest consumer of metals.Shares in resource-related companies featured among the top losers, with BHP Billiton, Rio Tinto and Anglo American down 1.8-3 percent."The export-based economy is in a process of structural changes and most of the efforts are focused on consumption, and given that the numbers ...

Markets - Equity - Europe

European stocks hit by weak Chinese data LONDON: Europe's main stock markets mostly fell Monday as investors examined poor Chinese trade data that signalled fresh weakness in the world's second biggest economy, dealers said.In late morning trade, London's benchmark FTSE 100 index fell 0.44 percent to 7,059.10 points, with the mining sector hit hard by the weak numbers. In the eurozone, the CAC 40 in Paris slid 0.03 percent to 5,238.9 points, while Frankfurt's DAX 30 added 0.02 percent to 12,377 points.In ...

Markets - Equity - Europe

Europe's stocks shoot higher heading into weekend LONDON: European stock markets shot higher on Friday, with Frankfurt's DAX striking a new record high as a weaker single currency boosts companies' exports from the eurozone.London's benchmark FTSE 100 index climbed 0.56 percent to 7,055.98 points in afternoon trading. That level is above its record closing high of 7,037.67 points set last month, and short of the record intra-day high of 7,065.08 points.In the eurozone, Frankfurt's DAX 30 jumped to an all-time hight of ...

Markets - Equity - Europe

European stocks rise at open LONDON: Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.30 percent to 7,036.29 points.Frankfurt's DAX 30 won 0.50 percent to 12,226.98 points and the CAC 40 in Paris climbed 0.29 percent to stand at 5,224.22 compared with Thursday's close.Copyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Europe

Europe's stocks move higher as Greece, rates in focus LONDON: European stock markets pushed higher on Thursday as traders focused on the Greek debt saga and outlook for interest rates on both sides of the Atlantic.London's benchmark FTSE 100 index climbed 0.77 percent compared with Wednesday's close to trade at 6,990.72 points, while Frankfurt's DAX 30 grew 0.53 percent to 12,099.13 points and the CAC 40 in Paris advanced 1.02 percent to 5,189.32 points.In foreign exchange, the European single currency slid to $1.0736 from ...

Markets - Equity - Europe

Dominant energy shares outpace FTSE on Shell's BG bid LONDON: Oil and gas stocks dominated trade in a falling UK stock market on Wednesday, driven by a $70 billion bid by Royal Dutch Shell for energy firm BG Group.Shares in BG jumped 26.6 percent to hit their highest level since September when the stock was tracking a falling oil price.The two listings for Shell , which is offering a 52 percent premium to BG's trading average for the past three months, fell 5.3 percent ...

Markets - Equity - Europe

Proposed BG-Shell tie-up boosts top UK stocks LONDON: A proposed $70 billion takeover of BG Group by energy firm Royal Dutch Shell lifted top UK shares on Wednesday to outperform pan-European equities and buoyed the battered energy sector.The UK FTSE 100 index was up 0.5 percent at 0747 GMT, at 6,993.82 points, better than a 0.2 percent rise for the FTSEurofirst 300 index and creeping up towards an all-time high of 7,065.08 points reached on March 24.Shares of BG were up 38.0 ...