07242016Sun
Last update: Sun, 24 Jul 2016 03pm

Europe

Markets - Equity - Europe

Britain's FTSE 100 climbs to 11-month high with BoE set to cut rates LONDON :Britain's top shares index rose on Thursday to an 11-month high, boosted by expectations of an interest rate cut from the Bank of England that lifted housebuilding and property stocks.The blue-chip FTSE 100 index rose 1 percent to 6,738.75 points while the FTSE 250 mid-cap index, whose companies are more exposed to the domestic economy, advanced 0.6 percent.The Bank of England is expected to halve its benchmark interest rate to a record low of 0.25 percent, the first cut in more than seven years, as it tries to cushion the economy from the shock late June "Brexit" vote to pull Britain out of the European Union.Lower interest rates typically boost stock markets, as they dent returns on bonds and cash and can reduce borrowing costs for companies.The prospect of lower rates lifted housebuilding and property stocks, which had been among the hardest hit after the Brexit vote. Lower rates ...

Markets - Equity - Europe

European shares set three-week highs, focus on BoE LONDON :European shares climbed to a three-week high on Thursday, boosted by auto and commodities-related stocks, with sentiment improving on expectations that the Bank of England (BoE) will cut interest rates later in the day to spur economic growth.The pan-European STOXX Europe 600 and the FTSEurofirst 300 indexes were both up around 1 percent in morning deals after rising earlier in the session to their highest since June 23 -- the date when Britons voted ...

Markets - Equity - Europe

Global stocks keep pushing higher LONDON: Equities kept on pushing higher around the world on Wednesday, with US stocks climbing further into record territory, even though it appeared this week's rally was running out of steam.The Dow Jones Industrial Average added 0.2 percent in the first five minutes of trading and the broad-based S&P 500 advanced 0.1 percent after both set new closing records on Tuesday."The expectation that further stimulus measures will be forthcoming -- and that the Federal Reserve ...

Markets - Equity - Europe

FTSE eases from 11-month high as housebuilders retreat LONDON: Britain's top share index edged lower on Wednesday after climbing to an 11-month high in the previous session, with housebuilders giving up some of their recent gains and energy shares dragged lower by weaker oil prices.The FTSE real estate index fell nearly 1 percent after rising for four straight sessions. Shares in Taylor Wimpey , Berkeley Group and Persimmon fell 2.9 to 5.9 percent.Barratt Developments dropped 5 percent, also after Britain's biggest housebuilder said ...

Markets - Equity - Europe

World stocks rally rolls on World stocks mostly rally; London dips LONDON: The world's leading stock markets rallied Tuesday, with Wall Street climbing to new records in opening trade.The S&P 500 added to a record high set Monday, while the Dow Jones Industrial Average was trading above its all-time closing high."It appears that the momentum trade is back again," said Briefing.com analyst Patrick O'Hare in a client note, describing "a market that seemingly has no inclination to dwell on the negatives".Five minutes into trade, the Dow ...

Markets - Equity - Europe

Britain's FTSE hits 11-month peak, miners lead LONDON: Britain's top share index held near an 11-month high on Tuesday while midcaps rose nearly 1 percent as domestic political uncertainty eased after Theresa May was set to become the country's new prime minister this week.Gains in large-cap mining companies offset weakness in defensive sectors such as telcos and healthcare that were investor magnets in the aftermath of the Brexit vote.The blue-chip FTSE 100 index was up 0.1 percent at 6,692.19 points in early ...

Markets - Equity - Europe

European stocks post highest close since Brexit LONDON: A top European share index rose on Monday to post its highest close since Britain voted to leave the European Union, after Theresa May won the race to succeed David Cameron as Prime Minister, reducing political uncertainty in the UK. May's rival for the leadership, Andrea Leadsom, pulled out of the race on Monday, and Cameron said he would resign on Wednesday to hand over to May and avoid a leadership vacuum over the ...