12042016Sun
Last update: Sun, 04 Dec 2016 01pm

Europe

Markets - Equity - Europe

Italian shares lag European rebound as referendum jitters hit banks MILAN: Italian shares underperformed positive European markets on Thursday, as the country's bank stocks slumped to five-week lows on jitters over next month's constitutional reform referendum. A bounce in basic resources and energy stocks helped the pan-European STOXX 600 index rise 0.6 percent, making up for losses seen in the previous session, but Milan's blue-chip FTSE MIB index ended flat. Italian Prime Minister Matteo Renzi said on Thursday he would not take part in any efforts to form a temporary government if he loses the Dec. 4 vote, bolstering expectations he could quit. Polls suggest Renzi will lose. "We have Renzi now saying he won't head up a technocratic government in the event he loses the vote so it's turned into a straight referendum on the prime minister and his government," ETX Capital Markets Analyst Neil Wilson said."It's going to be that much harder to fix Italian banks if he ...

Markets - Equity - Europe

US, European stocks tumble, dollar gains LONDON: Europe's main stock markets extended their losses Wednesday after recent volatile swings and US stocks turned lower after a week-long post-election rally while the dollar surged."US stocks look set for a lower open with the future Donald Trump presidency still front and centre," analyst Jasper Lawler, of CMC Markets, said in a note to clients.Wall Street opened lower as investors also digested new results from major retailers ahead of the approaching holiday shopping period. ...

Markets - Equity - Europe

European, US stocks tumble, dollar gains LONDON: Europe's main stock markets fell Wednesday after recent volatile swings and US stocks turned lower after a week-long post-election rally, while the dollar surged.Paris, Frankfurt and London all dropped, a day after marching higher on rising oil prices which also fell Wednesday.CMC Markets analyst Jasper Lawler noted that Donald Trump's presidency after his shock win last week was "still front and centre" for markets.London's benchmark FTSE 100 was pulled lower by the construction and ...

Markets - Equity - Europe

Trump-fuelled risk rally shifts to Japanese bonds, euro LONDON: Investors resumed the post-U.S. election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan's 10-year bond yield hitting its highest since February.The dollar was in demand again too, rising to a one year-high against a basket of currencies as the euro hit a nine-month low of $1.07, and to an eight-year peak against the China's yuan.U.S. President-elect Trump's plans to cut taxes and ...

Markets - Equity - Europe

Britain's FTSE retreats, Rolls-Royce and Barratt weigh LONDON: Britain's top share index edged lower on Wednesday after gaining in the previous two sessions, with companies such as jet engine maker Rolls-Royce and the country's biggest housebuilder Barratt slipping after their updates.The blue-chip FTSE 100 index was down 0.3 percent by 0950 GMT after gaining 0.6 percent on Tuesday and 0.3 percent on Monday. The benchmark index is up more than 8 percent so far this year.Britain's mid-cap index was trading flat.Rolls-Royce fell ...

Markets - Equity - Europe

European shares steady as utilities' bounce offset by weak miners MILAN: European shares steadied on Tuesday as a rebound in utilities and crude prices was offset by sharp falls among mining stocks, while telecoms equipment maker Nokia slumped after a disappointing earnings outlook update. The STOXX 600 index rose 0.1 percent, with mining shares, among the best performers this year, dropping for a second session on the back of falling metal prices.Hopes of huge fiscal stimulus in the US under Donald Trump's administration have fueled ...

Markets - Equity - Europe

Dollar, copper retreat, bonds in favour as Trump rally pauses LONDON: The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.S. presidential election.China's yuan, which like other Asian currencies has been under pressure since the election, fell to its weakest level against the dollar in almost eight years before recovering slightly.European shares rose modestly, led by ...