05262016Thu
Last update: Thu, 26 May 2016 11am

Europe

Markets - Equity - Europe

Hungary shares cheer upgrade, politics weighs on Turkish lira LONDON: Hungarian stocks shone on Monday as the country's return to investment grade after three years in 'junk' territory helped to lift emerging markets after four straight weeks of losses.A dip in the dollar allowed a general drift higher for EM currencies and Greek markets cheered hopes of a new aid deal, though there was also plenty of uncertainty elsewhere to keep optimism in check.The instalment of a new Turkish prime minister, Binali Yildirim, who has close ties to President Tayyip Erdogan, weighed on the lira. Economists also suspected that details on Brazil's budget due on Tuesday might temper the surge in markets there.Hungary's shares were up 0.8 percent and the best performers in eastern Europe after Fitch made it the first emerging market since Romania with S&P two years ago to graduate to the so-called 'investment grade' level.Fitch cited Hungary's declining debt levels and lower vulnerabilities for the move ...

Markets - Equity - Europe

Greek shares outperform weaker European stock markets LONDON: The Greek bourse outperformed weaker European stock markets on Monday, after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks.The broader, pan-European FTSEurofirst 300 index was down 0.6 percent, while the pan-European STOXX 600 index also fell 0.5 percent, impacted by drops in Fiat Chrysler and Bayer.However, Athens' benchmark ATG equity index climbed 1.2 percent.The Athens stock market rose after Greek lawmakers ...

Markets - Equity - Europe

Stocks, oil, yields slip as investors start week in cautious mood LONDON: Stocks, oil and yields on government bonds all fell on Monday, reversing some of their recent gains as investors began the week in a cautious mood, still grappling with the possibility that U.S. interest rates could soon be raised.The FTSEuroFirst 300 index of leading shares, Germany's DAX and France's CAC 40 all shed around 0.8 percent, and Britain's FTSE was down a third of a percent.Shares in German drugs and chemicals group Bayer AG ...

Markets - Equity - Europe

Britain's FTSE edges lower as commodities stocks slip LONDON: Britain's top share index edged lower on Monday, with a drop in the prices of crude oil and industrial metals putting pressure on commodities-related stocks.The UK energy index dropped 1.1 percent as the oil price fell for a fourth consecutive session after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Shares in BP and Royal Dutch Shell were down about 1 percent.The mining index also came under ...

Markets - Equity - Europe

European stocks fall at open LONDON: European stock markets fell slightly at the start of trading on Monday, with London's benchmark FTSE 100 index slipping 0.2 percent to 6,144.46 points.Frankfurt's DAX 30 index dropped 0.3 percent to 9,891 points and the Paris CAC 40 gave up 0.2 percent to 4,344.89 compared with Friday's close.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Warsaw bourse flags $25mn dividend, upholds payout policy WARSAW: Eastern and central Europe's largest equity market, the Warsaw Stock Exchange (GPW), said it will pay a dividend of 2.36 zlotys per share and plans to keep paying out more than 60 percent of annual profits. GPW's dividend payout, slightly lower than 2.4 zlotys per share a year earlier, amounts to more than 99 million zlotys ($25 million) or 80.11 percent of the group's 2015 net profit, the group said in a statement late ...

Markets - Equity - Europe

European stocks rebound before G7 meeting LONDON: European stocks rebounded on Friday following sharp losses the previous session, as markets tracked a meeting of the world's biggest economies in Japan.Around 1330 GMT, London's benchmark FTSE 100 index rallied 1.4 percent compared with Thursday's close.Frankfurt's DAX 30 index won 0.9 percent and the Paris CAC 40 jumped 1.2 percent.Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US ...