09272016Tue
Last update: Tue, 27 Sep 2016 11pm

Europe

Markets - Equity - Europe

BOJ rate surprise lifts world stocks ahead of Fed LONDON: World stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates.With the global economy showing few signs of rebounding and investors fretting about the limits of major central banks' easing, the BOJ's move came as a welcome relief for markets.The focus now shifts to the U.S. Federal Reserve policy decision later on Wednesday, with weaker-than-expected economic data prompting investors to call off bets on a rate hike.Europe's STOXX 600 was up 1 percent in early trading with euro zone banking shares up nearly 3 percent and poised for their best day in more than two months.This came after the Japanese central bank maintained its 0.1 percent negative interest rate, but abandoned its base money target and instead set a "yield curve control" under which it will buy long-term government ...

Markets - Equity - Europe

Britain's FTSE buoyed by banks after BoJ policy overhaul LONDON: Britain's top share index rose on Wednesday, buoyed by its banks after the Bank of Japan overhauled its monetary policy framework, with Barclays leading gainers after a broker upgrade.The FTSE 350 bank index was up 1.5 percent after the Bank of Japan (BoJ) shifted key policies to establish control over interest rate yield curves, instead of its money-printing programme.It recommitted to reaching its elusive 2 percent inflation goal as quickly as possible. Easy monetary ...

Markets - Equity - Europe

Banking shares lead bounce across European stocks LONDON: European shares rose on Wednesday, buoyed by a rally in banks, after a policy overhaul at the Bank of Japan lifted risky assets globally.The STOXX 600 index rose 0.8 percent, touching its highest level in 2 weeks after a rise in European banks.Eurzone zone banks were up 2.4 percent, on track for their best day in one month with Natixis, Italian and Spanish lenders among the top risers.Europe took its cue from Asian markets ...

Markets - Equity - Europe

European stocks rise at open before Fed LONDON: European stock markets advanced at the open on Wednesday after the Bank of Japan tweaked its monetary policy easing programme, and before the US Federal Reserve's latest interest rate call.In initial trade, London's benchmark FTSE 100 index won 0.6 percent to stand at 6,874.61 points compared with the close on Tuesday.In the eurozone, Frankfurt's DAX 30 added almost 1.0 percent in value to 10,496.43 points and the Paris CAC gained nearly 1.2 percent to ...

Markets - Equity - Europe

Equities in waiting mode ahead of bank decisions LONDON: Global equities markets drifted Tuesday with dealers on tenterhooks on the first day of key monetary policy meetings for the US Federal Reserve and Bank of Japan."As they have throughout the day across Asia, Europe and the US, stock markets continue to tread water with moves in either direction lacking any traction as traders refuse to commit ahead of the BoJ and Fed," Oanda analyst Craig Erlam told AFP.London's benchmark FTSE 100 index ended ...

Markets - Equity - Europe

Britain's FTSE rises as Burberry and Tesco advance LONDON: Britain's top shares index rose on Tuesday, lifted by gains in consumer goods stocks ranging from luxury fashion group Burberry to supermarket retailer Tesco. The blue-chip FTSE 100 index closed up 0.3 percent at 6,830.79 points. Burberry climbed 3.6 percent, the best-performing FTSE 100 stock in percentage terms. CMC Markets analyst Jasper Lawler said investors appeared to be reacting favourably to its 'see now, buy now' collection at London Fashion Week. Tesco advanced 0.9 ...

Markets - Equity - Europe

European shares steady before central bank decisions; Italy lags MILAN: European shares ended little changed on Tuesday as investors remained cautious ahead of monetary policy decisions from the Federal Reserve and Bank of Japan on Wednesday. Market volatility has spiked this month because of changing expectations over when the Fed could raise rates, but mixed data cast doubt over the health of the world's biggest economy, reducing the chance of a hike this month. Futures are pricing the chance of a US rate rise ...