02122016Fri
Last update: Fri, 12 Feb 2016 10am

Europe

Markets - Equity - Europe

European shares hit nine-week high, led by banks PARIS: European stocks rose on Tuesday, with a benchmark index hitting a nine-week high as euro zone banking shares gained on mounting expectation of more stimulus from the European Central Bank.Shares in Deutsche Bank, ING and BNP Paribas were up 2.0-2.2 percent. They were the top three risers among European blue chips, boosted by market speculation that the ECB will launch a quantitative easing programme in early 2015."Recent strong comments by (ECB President Mario) Draghi seem to be paving the way for the bank to start buying sovereign or corporate bonds," said IG France's chief market analyst, Alexandre Baradez."There is very little chance to see the ECB back-tracking as long as inflation doesn't start to pick up, which will support stock indexes in the medium term."At 1500 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at 1,390.18 points, after rising to as much as 1,395.34 ...

Markets - Equity - Europe

Eurozone stimulus hopes push equities higher LONDON: Lingering eurozone stimulus hopes lifted European stock markets on Tuesday, with sentiment buoyed also by upbeat German data and bumper gains elsewhere, dealers said.In late morning deals, London's benchmark FTSE 100 index rose 0.15 percent to trade at 6,740.22 points and the Paris CAC 40 index gained 0.57 percent to 4,393.16 compared with Monday's closing value.Frankfurt's DAX 30 jumped 1.02 percent to 9,885.09 points, as official data confirmed that the German economy grew 0.1 ...

Markets - Equity - Europe

Euro zone indexes pause after two-day rise LONDON: Euro zone shares marked time on Tuesday after a two-day rise that left some key regional indexes in "overbought" territory on a technical basis. An unexpected rise French industrial morale helped put a floor on the market, however, building on a strong German business sentiment survey on Monday. At 0811 the euro zone Euro STOXX 50 was flat at 3,213.10 points. Germany's DAX was up 0.1 percent while France's CAC was flat. All three ...

Markets - Equity - Europe

European shares pause after two-day rise; Zodiac rallies LONDON: European shares marked time on Tuesday after a two-day rise that left some regional indexes in technical "overbought" territory. An unexpected rise French industry morale helped put a floor on the market, however, building on a strong German business sentiment survey on Monday.The euro zone Euro STOXX 50 was flat at 3,212.26 points.Germany's DAX was up 0.1 percent while France's CAC down 0.1 percent. All three indexes closed in "overbought" territory on Monday, based ...

Markets - Equity - Europe

Weaker commodity stocks pin back Britain's FTSE LONDON: Commodity related stocks continued to weigh on Britain's top share index on Tuesday, pegging it back near two month highs as oil and metal prices came under renewed pressure. Earnings also dragged, with Kingfisher down 2.5 percent after Europe's No. 1 home improvement retailer posted a decline in third quarter profit, hurt by a weak French market and foreign currency movements. Basic materials and energy stocks combined to trim 14 points off the FTSE ...

Markets - Equity - Europe

European stocks steady at open LONDON: Europe's main stock markets opened steady on Tuesday, with London's benchmark FTSE 100 losing just 0.08 percent to 6,724.26 points.Elsewhere, Frankfurt's DAX 30 rose 0.05 percent to 9,790.03 points and the CAC 40 in Paris gained a marginal 0.02 percent to stand at 4,369.31 compared with Monday's close.Encouraging German data had helped to lift eurozone stock markets on Monday, but London sank as a profit warning by Petrofac sent the British energy services group's ...

Markets - Equity - Europe

FTSE rally pulls back from two-month high as Petrofac slump weighs LONDON: Britain's top share index edged lower on Monday, weighed down by a slump in Petrofac after it predicted low net profits, but M&A talk kept it near a two-month high. Smith and Nephew and Friends Life were said to be likely subjects for bids, and BT confirmed it might expand into mobile communications. The benchmark FTSE 100 was down 0.3 percent at 6,729.79 points at the close, failing to sustain a 1.1 percent rally ...