01202017Fri
Last update: Fri, 20 Jan 2017 12pm

Europe

Markets - Equity - Europe

European shares led higher by Casino; Burberry slumps MILAN/LONDON: European shares rose on Thursday, bouncing back after three days of losses, with retailer Casino and consumer goods maker Unilever lifted by positive results.The pan-European FTSEurofirst 300 index closed up 1.4 percent at 1,425.44 points, while the euro zone's blue-chip Euro STOXX 50 index rose 1.5 percent, with investors betting on a continued easy monetary policy environment.U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, confirming a low-inflation environment."With U.S. rates not likely to go up any time soon, China stabilising and markets having come off substantially from their highs over the past few months, some feel increasingly tempted to take advantage of generally lower valuations," said Peregrine & Black trader Markus Huber in a note.French retailer Casino rose 6.1 percent, after quarterly sales showed a marked improvement in its home market that beat some analyst expectations. However the decline ...

Markets - Equity - Europe

FTSE ends lower on China data; Hargreaves Lansdown outperforms LONDON: Britain's top share index fell for a third straight session on Wednesday, pulled lower by stocks exposed to China after data there hinted that deflationary pressures were building.However, shares in Hargreaves Lansdown gained after saying new business reached a record high.Among the stocks hurt by exposure to China were Asia-focused bank Standard Chartered and luxury firm Burberry , down as much as 1.4 percent.They fell after consumer inflation in China slowed more than expected ...

Markets - Equity - Europe

Rally falters as China, commodity pressures return LONDON: Emerging market stocks took their first significant tumble of the month on Tuesday on fresh signs of domestic weakness in China and another bout of volatility in commodity markets. A 20.4 percent year-on-year fall in Chinese imports underscored the slowdown in the world's number two economy and saw some brisk profit taking after a 12 percent rise and 8 days of gains in the last 9 for MSCI's main EM index. It was down ...

Markets - Equity - Europe

European stock markets slide on China data LONDON: Europe's main stock markets slid in early trading on Tuesday, tracking losses across Asia in the wake of more weak data out of China.Focus was firmly on the brewing sector after Foster's maker SABMiller announced that it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, for about $109 billion (£71 billion, 96 billion euros) excluding debt.In early deals, London's benchmark FTSE 100 index fell 0.70 percent to 6,326.30 points compared ...

Markets - Equity - Europe

European stocks take break after rally, German utilities shine MILAN: European shares were slightly lower on Monday after reaching one-month highs in a rally last week, with civil aerospace stocks leading the fallers and German utilities soaring after concerns over nuclear costs eased. The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell around 0.2 percent. The two indexes are up more than 4 percent so far this month. Traders said it was no surprise that some investors ...

Markets - Equity - Europe

Turkey suicide bombing weighs on lira, bourse LONDON: Turkish stocks and the lira fell on Monday and debt insurance costs rose as a blast that killed up to 128 people over the weekend raised fears of further pre-election turmoil, though many other emerging assets extended their recent gains. The double suicide bombing at a rally of pro-Kurdish and labour activists in Ankara is likely to exacerbate divisions between supporters of Turkey's ruling AK Party and Kurdish groups before a Nov. 1 vote. ...

Markets - Equity - Europe

FTSE retreats after strong gains, miners down LONDON: Britain's top share index fell on Monday after posting its biggest weekly gain since 2011 in the previous session. Rolls-Royce shares fell 4.5 percent, the top decliner in the blue-chip FTSE 100 index, after weekend media reports of a European regulatory probe into whether airlines were being forced to enter anti-competitive contracts. On the positive side, British Airways owner International Consolidated Airlines Group rose 1.4 percent after Goldman Sachs started its coverage on the ...