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Last update: Mon, 23 Jan 2017 05pm

Europe

Markets - Equity - Europe

Stock markets drift after Fed update LONDON: Stock markets flattened Thursday and the dollar lost support as investors gave a lukewarm response to the Federal Reserve's signal that US interest rates may rise faster than expected.US central bankers on Wednesday hinted that they may need to raise interest rates more rapidly than planned owing to "considerable uncertainty" linked to US President-elect Donald Trump's fiscal stimulus plans that risks fanning inflation.This was according to minutes of the final 2016 policy meeting in December at which the US central bank lifted rates.In the wake of the Fed's update, Wall Street stocks won solid gains Wednesday, Tokyo shares ended flat Thursday and Europe's main stock markets fared no better at the half-way stage.London's benchmark FTSE 100 did however reach yet another intra-day record high in earlier trading, at 7,211.96 points, thanks to a weak pound which boosts share prices of multi-nationals listed on the index."The British economy continues to ...

Markets - Equity - Europe

European stock markets fall at open LONDON: Europe's main stock markets fell at the start of trading on Thursday as investors digested Federal Reserve signals on the pace of future US interest rate rises.London's benchmark FTSE 100 index dipped by a few points to 7,187.80 points, compared with the closing level on Wednesday which was a fifth record high finish in a row.In the eurozone Thursday, Frankfurt's DAX 30 index opened with a loss of 0.4 percent at 11,584.3 points and ...

Markets - Equity - Europe

Britain's FTSE steadies near record high, Next slumps LONDON: Britain's top share index closed slightly firmer and near a record high on Wednesday as a rally in housebuilders was offset by a slump in retailers after Next issued a profit warning.The bluechip FTSE 100 index closed 0.17 percent higher at 7,189.74 points, having touched an all-time high of 7,205.45 in the previous session.Next hit a two-month low and closed 14.4 percent weaker after the retailer cut its profit guidance for the current financial ...

Markets - Equity - Europe

European stocks downbeat before Fed minutes LONDON: European stock markets mostly eased Wednesday as traders awaited clues from the Federal Reserve on the outlook for US interest rates.London's FTSE 100 was down a few points after the benchmark index hit record highs on Tuesday. In the eurozone, Frankfurt's DAX 30 index fell 0.2 percent and the Paris CAC 40 lost 0.1 percent compared with Tuesday's closing values.Wall Street opened firm, but still around 80 points short of the landmark 20,000 point ...

Markets - Equity - Europe

European stock markets rise at open LONDON: Europe's main stock markets rose at the start of trading on Wednesday following gains across much of Asia.London's benchmark FTSE 100 index won 0.1 percent to 7,187.43 points compared with the closing level on Tuesday, which was a record high.In the eurozone Wednesday, Frankfurt's DAX 30 index opened with a gain of 0.2 percent at 11,608.4 points and the Paris CAC 40 climbed 0.3 percent to 4,912.95.Copyright AFP (Agence France-Press), 2017 ...

Markets - Equity - Europe

European shares rally as FTSE starts 2017 by setting record high LONDON: Strength in financials and commodity-related stocks continued to underpin European equity markets on Tuesday, with Britain's blue-chip index starting the new year at a record high and other major indexes hitting fresh peaks.The pan-European STOXX 600 closed 0.7 percent higher after hitting its highest level since December 2015. Britain's FTSE 100, shut on Monday for a holiday, closed 0.5 percent higher at 7,177.89 points, a record closing high, after a fresh all-time peak of ...

Markets - Equity - Europe

LSE agrees clearing house sale for Deutsche Boerse merger LONDON: The London Stock Exchange said Tuesday it has agreed to offload the French arm of clearing house LCH to European rival Euronext as it seeks a merger with Deutsche Boerse.LSE said a cash deal worth 510 million euros ($534 million) had been struck with Euronext, adding in a statement that the proposed sale "would be subject to review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche ...