01202017Fri
Last update: Fri, 20 Jan 2017 08pm

Europe

Markets - Equity - Europe

World markets end volatile year in the black LONDON: Most world stocks markets are set to finish 2016 in positive territory despite shock votes in Britain and the United States, but 2017 is clouded by looming European elections and Brexit.London's FTSE 100 has gained almost 14 percent over the year, while Frankfurt's DAX 30 added about 6.4 percent and the Paris CAC 40 won 4.1 percent.All three indices dipped Friday on the final trading day of 2016, with London due to close at 1230 GMT.This year witnessed a wave of anti-establishment populism, which saw Britain vote for its EU exit and the United States elect maverick billionaire businessman Donald Trump as president.Both unexpected outcomes sparked a brief tumble on global equity markets -- but many have since staged a stunning recovery to finish 2016 in the black.Britons voted on June 23 to exit the European Union, sparking markets chaos and sending the pound collapsing against the euro and ...

Markets - Equity - Europe

London stock market rebounds to new record peak LONDON: The British stock market finished 2016 with a bang on Friday, rebounding to a new record closing high in shortened holiday trade.London's FTSE 100 index of top companies, which spent most of the half-day session in negative territory, experienced a last-gasp jump to finish 0.32 percent higher at 7,142.83 points.The market, which has struck a series of record peaks this week, shut up shop at 1230 GMT.London stocks often climb during thin trading between ...

Markets - Equity - Europe

Britain's FTSE closes 2016 at record high level LONDON: Britain's blue-chip FTSE 100 index closed 2016 at a record high level on Friday, with a blistering rally in mining stocks and a sharp fall in sterling after June's shock Brexit vote boosting the market. The benchmark index, dominated by global companies, closed 0.3 percent higher at a life-time peak of 7,142.83 points on Friday, surpassing the previous record of 7,129.83 scaled in October this year. It surged 14.4 percent in 2016, outperforming major ...

Markets - Equity - Europe

European stocks slip on last trading day of 2016 LONDON: European stocks drifted lower in opening trade on Friday with sentiment subdued on the final trading day of 2016, after London struck another record closing peak.In initial deals, London's benchmark FTSE 100 index of top companies shed almost 0.2 percent to 7,108.40 points, having finished Thursday at an all-time pinnacle of 7,120.26.In the eurozone on Friday, Frankfurt's DAX 30 declined by nearly 0.1 percent to 11,443.31.The CAC 40 index in Paris nudged marginally lower ...

Markets - Equity - Europe

Britain's FTSE steadies near highs in thin trading LONDON: Britain's top share index steadied in thin holiday trading on Thursday after setting a record closing high in the previous session, with miners coming under pressure following a drop in prices of major industrial metals. The blue-chip FTSE 100 index was flat in percentage terms by midday after finishing on Wednesday at 7,106.08, its highest ever close.However, trading remained thin as many industry players were away from their desks. Volumes on the FTSE 100 ...

Markets - Equity - Europe

Dow's 20,000 barrier, weak European banks dent stocks LONDON: European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently. Weakness in European financial stocks helped to push broader indices into the red, extending the slippage after soft US housing data the previous day triggered the S&P 500's biggest fall in more than two months. US ...

Markets - Equity - Europe

London stocks hit highest ever closing level LONDON: London's stock market hit Wednesday its highest ever closing level, buoyed by strong performers in the energy and mining sectors and general optimism for the new year.London's FTSE 100 index of top blue-chip companies climbed 0.54 percent to reach 7106.08 points at closing, beating the previous record of 7103.98 set on April 27, 2015.The record close came as US stocks have also been setting new highs following the surprise US election victory of Donald ...