Wednesday, 08 May 2013 21:36
Posted by Abdul Ahad
LONDON: Europe's major stock markets posted solid gains on Wednesday, with Frankfurt's main index hitting another record high and London at its most robust level in more than five years.In New York, shares in the legendary English football club Manchester United slumped in early trading however after the English Premier League champions said long-serving manager Alex Ferguson would retire later this month.At the close of trade in Europe, London's FTSE 100 index of leading companies was 0.40 percent higher at 6,583.48 points, its strongest result since November 1, 2007, a few months after the sub-prime financial crisis erupted.Frankfurt's DAX reached a record-high 8,249.71 points, beating the previous level set on Tuesday with a fresh gain of 0.83 percent.In Paris, the CAC 40 was 0.89 percent higher at 3,956.28 points.Official data Wednesday revealed a robust rise in German industrial output during March, driven by a sharp increase in the energy sector.Industrial ...
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LONDON: Europe's major stock markets posted solid gains on Wednesday, with Frankfurt's main index hitting another record high and London at its most robust level in more than five years.In New York, shares in the legendary English football club Manchester United slumped in early trading however after the English Premier League champions said long-serving manager Alex Ferguson would retire later this month.At the close of trade in Europe, London's FTSE 100 index of leading companies was 0.40 percent higher at 6,583.48 points, its strongest result since November 1, 2007, a few months after the sub-prime financial crisis erupted.Frankfurt's DAX reached a record-high 8,249.71 points, beating the previous level set on Tuesday with a fresh gain of 0.83 percent.In Paris, the CAC 40 was 0.89 percent higher at 3,956.28 points.Official data Wednesday revealed a robust rise in German industrial output during March, driven by a sharp increase in the energy sector.Industrial ...
LONDON: Strong Chinese trade data pushed world shares to five-year highs on Wednesday and boosted growth-sensitive currencies and metals, despite doubts about the quality of the figures.An unexpected rise in German industrial output in March added to the upbeat sentiment lifting European shares and the euro and dampening demand for safe-haven Bunds.Last Friday's upbeat US jobs data and robust German factory orders earlier this week have driven up global stock markets, and the positive mood ...
ISTANBUL: Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.Turkey is in the process of merging the Istanbul Stock Exchange, the Gold Exchange and Derivatives Exchange into Bourse Istanbul - an important step in the government's bid to privatise the company and create a regional financial hub."We are holding talks with London and Nasdaq for ...
PARIS: Europe's main stock markets were higher on Tuesday, as Frankfurt's DAX 30 hit a new closing record of 8,181.78 points, up 0.86 percent.In London, the FTSE 100 index of leading companies rose by 0.55 percent to 6,557.30 points, while in Paris the CAC 40 gained 0.37 percent to 3,921.32 points.Copyright AFP (Agence France-Presse), 2013 ...
FRANKFURT: Germany's blue-chip DAX 30 stock index topped an all-time intraday high in late morning on Tuesday, propelled by a raft of favourable corporate earnings reports, traders said.Shortly before midday (1000 GMT), the DAX rose 0.7 percent on the day to an intraday high of 8,171.77 points, surpassing the previous record closing high of 8,151.57 points dating from July 2007. Tuesday saw a raft of quarterly earnings reports from DAX heavyweights such as insurers Allianz ...
LONDON: A rally in banking shares propelled Britain's top share index to a 5-1/2 year high on Tuesday after Europe's largest lender HSBC reported estimate-beating results.Shares in HSBC rose 3.3 percent, approaching a three-year high in volume already 85 percent of its full-day average for the past 90 days, after the bank posted a near doubling in first quarter earnings.The stock led a surge in banking shares and added 16.2 points to the FTSE 100 ...
MOSCOW: Russian shares edged up on Tuesday, tracking global equity markets, and the rouble and bond yields were little changed in holiday-thinned trading.By 1019 GMT the rouble-denominated MICEX stock index had risen 0.4 percent to 1,419.2 points, led by heavyweights Gazprom and Sberbank. The dollar-denominated RTS index rose 0.6 percent to 1,440.7 points.Brent crude oil prices hovered around $105 a barrel, supporting Russian assets. The rouble was flat at 31.04 against the dollar , down ...
