02082016Mon
Last update: Mon, 08 Feb 2016 05pm

Europe

Markets - Equity - Europe

Global stocks positive as BoJ goes negative on interest rates LONDON: Stock markets around the world rebounded Friday, ending a highly volatile month with a bang after the Bank of Japan unexpectedly slashed interest rates into negative territory for the first time.Equities in Asia, Europe and the United States rallied as traders seized on the BoJ's announcement that it would charge banks to hold their cash, in news that also sent the yen tumbling.The Bank of Japan's unprecedented decision to adopt a below-zero interest rate mirrors the European Central Bank (ECB) and the Swiss National Bank (SNB) -- which both first unveiled negative rates in 2014.The policy is the BoJ's latest weapon to spur lending and is part of its long-running fight against anaemic economic growth and deflation.After the news Tokyo's Nikkei stock index soared and the yen plunged.- 'Positive end' to January -"It's been a positive end to what has been a disappointing month for equity markets," said CMC ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets rebounded at the start of trading on Friday, with London's FTSE 100 index up 1.3 percent at 6,006.9 points.In the eurozone, Frankfurt's DAX 30 index rose almost 1.4 percent to 9,772.6 points and the Paris CAC 40 won 1.5 percent to 4,386.9 compared with the close on Thursday.The region's equities had slid Thursday as investors reacted to the US Federal Reserve's gloomy economic outlook and troubled banks in Italy.Copyright AFP ...

Markets - Equity - Europe

European markets slide on Fed gloom, US rebounds on oil surge LONDON: European stock markets were mixed Thursday as investors reacted to the US Federal Reserve's gloomy economic outlook, while Wall Street rebounded on a surge in oil prices.The US central bank has painted a grim picture of the world's biggest economy but still left open the door for another rate hike in March.The Fed said US economic growth slowed late last year and that it was concerned about ongoing global weaknesses, in statements Wednesday after ...

Markets - Equity - Europe

Britain's FTSE falls back with Ashtead, commodities under pressure LONDON: Britain's top stock index retreated after hitting a three-week high earlier in Thursday's session, led lower by Ashtead and commodity-related stocks.Equipment rentals company Ashtead was the top faller on the blue-chip FTSE 100 index, down over 6.5 percent on a read-across from U.S. peer United Rentals, which reported an underwhelming set of fourth-quarter results."Even though Ashtead are listed over here, they are predominantly a U.S.-exposed company," Manoj Ladwa, head of trading at TJM Partners, ...

Markets - Equity - Europe

Milan stocks drop over 3 percent MILAN: Shares in several Italian banks plunged Thursday, dragging the Milan FTSE Mib index down over 3.0 percent in mid-day trading as the sector continued to be battered by consolidation concerns.The index was down 3.37 percent, with Banca Monte dei Paschi di Siena (BMPS) leading the decline, falling 7.45 percent. Banca Popolare di Milano lost 6.58 percent and Unicredit slid 6.37 percent.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Unease over Fed rate path dents European stocks LONDON: Uncertainty over the future path U.S. interest rates weighed on European stocks on Thursday, while the resignation of Japan's economy minister impacted currency markets, sending the yen higher.Japanese Economy Minister Akira Amari said he would step down from his post to deal with allegations, which he denies, that he received bribes from a construction company.Amari's resignation, which came after Tokyo's Nikkei stock market had closed, caused the yen to rise slightly against the dollar, ...

Markets - Equity - Europe

FTSE hits 3-week high as commodities shares climb LONDON: Britain's top stock index hit a three-week high on Thursday, with energy shares tracking a recovery in crude oil prices and miners gaining ground after copper trimmed its early losses.But the mood remained fragile after the U.S. Federal Reserve said on Wednesday it was "closely monitoring" global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year.The market ...