07012016Fri
Last update: Fri, 01 Jul 2016 05am

Europe

Markets - Equity - Europe

European shares dip but hold near highs after Ifo LONDON: European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.The pan-European FTSEurofirst 300 share index fell 0.2 percent to 1601.50 points, still close to last week's 7 1/2-year high. German business morale, as measured by the Ifo index, rose for the fifth successive month to its highest since July 2014."The macro newsflow in Europe is quite positive, but after such a rally the market needs to catch its breath. At this point a pause is needed, while the medium-term trend remains very positive," IG France chief market analyst Alexandre Baradez said.French luxury goods maker Hermes was among the biggest losers, down 1.7 percent, after it reported a 7 percent rise in full-year operating profit but said foreign exchange rates cut its margin.Earlier, Asian shares stalled. MSCI's main gauge of Asia-Pacific stocks outside Japan ...

Markets - Equity - Europe

Hermes slips as European shares dip below multi-year highs PARIS: European shares retreated further from 7-1/2-year highs hit last week as a rebound in the euro pegged back stock markets, while Hermes lost ground after disappointing results.Shares in the French luxury goods maker fell 1 percent after Hermes, which has a strong business presence in Japan, said foreign exchange rates had impacted its margins.Germany's DAX equity index, which hit a record high of 12,219.05 points last week, fell 0.3 percent to 11,965.67 points.Data on ...

Markets - Equity - Europe

FTSE edges further away from record high, led down by Barclays LONDON: Britain's leading share index edged down on Wednesday, giving away early gains, led lower by Barclays after a broker downgrade.The blue-chip FTSE 100 index was down 10.64 points, or 0.2 percent, at 7,009.04 points by 1138 GMT, falling further away from a new record high hit in the previous session.The benchmark had hit a record intra-day high of 7,065.08 on Tuesday but ended down 0.3 percent.It has gained nearly 7 percent so far this ...

Markets - Equity - Europe

European shares dip below multi-year high before Ifo, Hermes slips PARIS: European shares dipped in early trading on Wednesday to just below 7-1/2-year highs with investors waiting for clues on the outlook for Germany's economy from a business confidence survey due out at 0900 GMT.Shares in Hermes were standout losers, falling 1.9 percent after the French luxury goods maker said foreign exchange rates had dragged its margins lower. Hermes has a strong exposure to Japan.Shares in Acerinox, Outokumpu and Aperam surged between about 4 percent ...

Markets - Equity - Europe

FTSE edges up towards record high, strong growth outlook boosts TUI LONDON: Britain's leading share index rose towards its record high on Wednesday, with tour firm TUI Group gaining on expectations of meeting its profit growth target and companies including Diageo and Next rising on positive broker comments.TUI rose 3.2 percent, to be the top gainer in the FTSE 100, after saying it was confident of meeting a target to lift full-year underlying operating profit by 10 to 15 percent on increasing holiday sales and prices."It's ...

Markets - Equity - Europe

European shares dip early; Hermes falls after results PARIS: European shares dipped in early trading on Wednesday, hovering below 7-1/2-year highs, as investors awaited a survey on German business climate for insight on the outlook for Europe's biggest economy.Shares in Hermes featured among the biggest losers, down 1.9 percent, after the French luxury goods maker posted a 7 percent rise in full-year operating income but said foreign exchange rates dragged its margin lower. Hermes has a strong exposure to Japan.At 0810 GMT, the ...

Markets - Equity - Europe

Lufthansa shares slide on French Alps plane crash LONDON: Shares in German airline Lufthansa tumbled after a plane in its low-cost division Germanwings crashed in the French Alps on Tuesday, with all 150 people on board feared killed.The Airbus A320 jet, on its way from Barcelona to Duesseldorf, came down near the ski resort of Barcelonnette in southeastern France, officials said.News of the crash sent shares in Lufthansa sinking more than four percent, but they recovered to end the day down 1.56 percent ...