05042016Wed
Last update: Wed, 04 May 2016 11am

Europe

Markets - Equity - Europe

European stocks mostly dip before US, Japan bank meetings LONDON: European indices were mostly lower Tuesday as investors eyed looming central bank meetings in the US and Japan, but US stocks rose on the back of largely solid earnings from big hitters.Having piled up healthy gains last week, traders took a step back before the two-day US Federal Reserve meeting, which starts Tuesday and may offer some signs of action by the in the future.After the turmoil across world markets at the start of the year, the Fed has lowered expectations of rate rises this year -- saying it would closely watch overseas developments before making a move.Traders have predicted the next rise will be towards the end of the year but every utterance from the bank will be pored over for clues about its thinking."Regardless of the Fed outlook... markets price in less than 50 percent probability for a rate hike to happen this year," noted Brenda Kelly, ...

Markets - Equity - Europe

Malaysia, Saudi stocks fall in gloomy emerging markets LONDON: Emerging equities approached two-week lows on Tuesday pressured by sluggish economic growth and fears of default in Malaysia while Saudi shares pulled back from the 3-1/2 month highs hit after the kingdom unveiled its reform plan on Monday.Investors were also starting to retreat to the sidelines before crucial central bank meetings in Japan and the United States. With U.S. growth looking increasingly anaemic, few expect the Federal Reserve to make a move this week ...

Markets - Equity - Europe

European shares rebound as UPM, BP results beat forecasts LONDON: Encouraging company results and firmer oil prices helped European shares rebound on Tuesday, with pulp and paper maker UPM and oil major BP moving higher after better-than-expected reports.UPM surged 10.6 percent, the biggest gain in the pan-European FTSEurofirst 300, after reporting a 34 percent rise in adjusted operating profit in the first quarter ."European equity markets are trading moderately higher on positive corporate earnings surprises from several companies," said Markus Huber, a trader at ...

Markets - Equity - Europe

Stocks, oil prices climb as investors ready for Fed, BOJ LONDON: World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain as investors fine-tuned their expectations for monetary policy meetings in the United States and Japan.European shares also benefited from a less-bad-than-expected 80 percent first quarter profit fall and an unchanged dividend from BP, as well as encouraging results from pulp and paper maker UPM.Wall Street looked set to open slightly higher, according to index ...

Markets - Equity - Europe

Britain's FTSE rises, boosted by BP and Standard Chartered LONDON: Britain's top share index climbed on Tuesday with a surge in bank Standard Chartered and a rise in oil major BP after both reported earnings that reassured investors.The blue-chip FTSE 100 index rose 0.3 percent to 6,281.50 points, slightly below a 4-month high reached last week.A 4.3 percent rise at BP added the most points to the FTSE.BP posted an 80 percent drop in first quarter profits but still beat analysts' expectations. It maintained ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets rebounded at the open on Tuesday, with all eyes on the US Federal Reserve as it prepares to kick-off its latest policy meeting.London's benchmark FTSE 100 index climbed 0.6 to 6,295.19 points compared with Monday's closing level.In the eurozone, Frankfurt's DAX 30 index gained 0.6 percent to 10,359.77 points and the Paris CAC 40 won 0.2 percent in value to 4,557.00.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

European stocks close lower awaiting central bank action LONDON: European stock markets ended lower Monday following losses across Asia, as traders looked ahead to key central bank meetings due towards the end of the week.At the close, London's benchmark FTSE 100 index had lost 0.7 percent compared with Friday's closing level as news of retailer BHS going into administration and mining shares dragged the market down.Connor Campbell, analysts with Spreadex, noted a "sense of unease that greeted BHS filing for administration" with 11,000 ...