08262016Fri
Last update: Fri, 26 Aug 2016 09am

Europe

Markets - Equity - Europe

Stocks, dollar swept lower as bond rout rocks markets LONDON: World financial markets were unsettled again on Thursday as a week-long sell-off in benchmark government bonds, stocks and the dollar and a race up in oil prices showed little sign of relenting. Nerves were still jangling in Europe and shares and bonds got off to another poor start on fears the recent surge in yields, the euro and energy costs could snuff out the only recently-formed hopes of a solid euro zone recovery. The regional FTSEurofirst was led down by 1.2 and 1.8 percent falls on Germany's Dax and France's CAC 40 and as the euro hit its highest level against the dollar and other top currencies since February. Bond markets were taking some heavy blows again too with Germany's normally rock-solid Bunds on course for their biggest jump in yields in over a decade and Italian and Spanish yields back above 2 percent for the first time this ...

Markets - Equity - Europe

UK's FTSE 100 falls to 1-month low as British election gets underway LONDON: Britain's top share index fell to one-month lows on Thursday as voting got underway in what is set to be one of the country's closest national elections in decades. With the result uncertain, the vote could yield a weak government, push the world's fifth-largest economy a step closer to leaving the European Union and stoke Scottish desires for secession.The blue-chip FTSE 100 index, which hit a record high of 7,122.74 points last month, was ...

Markets - Equity - Europe

European shares dragged to two-month low by bond rout, euro rise LONDON: European shares fell to their lowest level in more than two months on Thursday, with a stronger euro and a global bond rout denting the appeal of shares. By 1029 GMT, the pan-European FTSEurofirst 300 index was down 1.3 percent at 1,526.91 points after falling to its lowest since late February. Britain's FTSE 100 index fell 1.6 percent on the day of an election that could yield a weak government, propel it towards a ...

Markets - Equity - Europe

London stocks undecided on eve of election LONDON: London's stock market finished with a small gain Wednesday on the eve of Britain's most unpredictable election in living memory, while eurozone stocks managed to rise despite the euro spiking higher.London's benchmark FTSE 100 index eeked out a 0.09 percent gain to 6,933.74 points despite fears the election could result in weeks of brinksmanship as the two major parties struggle to cobble together workable coalitions."The topsy-turvy markets seen in recent weeks have been personified ...

Markets - Equity - Europe

European shares end lower on poor US data, firmer euro LONDON: European shares ended lower on Wednesday, surrendering early gains as a rally in the euro and a fall on Wall Street prompted investors to trim their trading positions.The FTSEurofirst 300 index of top shares finished 0.5 percent weaker at 1,547.72 points after rising as high as 1,562.18 earlier in the session following strong euro zone services data and some encouraging corporate results."The euro is strengthening and that has taken some of the earlier tailwinds ...

Markets - Equity - Europe

Britain's FTSE boosted by PMI before election GLASGOW/LONDON: Britain's top share index edged higher on Wednesday, boosted by a survey showing that the country's service sector grew faster than expected last month.The market showed little sign of nerves before Thursday's parliamentary election. However, option prices suggest the index may see its biggest swing in two years on Friday, when investors get their first chance to react to the result of one of the closest UK elections in decades.The Markit/CIPS services purchasing managers' ...

Markets - Equity - Europe

European stocks mixed at open LONDON: European stock markets were mixed at the start of trading on Wednesday as investors balanced Britain's upcoming general election against events across the eurozone.London's benchmark FTSE 100 index dipped 0.03 percent to 6,925.43 points on the eve of Britain's most unpredictable election in living memory, with fears of weeks of brinksmanship as the two major parties struggle to cobble together workable coalitions.In the eurozone, Frankfurt's DAX 30 index opened with a gain of 0.44 ...