08282016Sun
Last update: Sun, 28 Aug 2016 05am

Europe

Markets - Equity - Europe

Stocks creep up amid Fed limbo, dollar dips LONDON: World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise US interest rates this year.Wall Street was expected to open modestly higher, with a busy day of economic data helping traders fill the gap before an annual gathering of global central bankers in the mountains of Wyoming on Thursday and Friday.European equities were up 0.75 percent led by mining and banking stocks and after data pointed to the gradual improvement in the region's economy continuing.The euro also posted gains as one major bank decided the news had been good enough that the European Central Bank will not need to cut its interest rates any deeper into negative territory, as it had previously expected.Encouragement came from France, where surprisingly upbeat PMI figures showed the private sector growing at its fastest in 10 months, and from Britain, where ...

Markets - Equity - Europe

European stocks rebound at open LONDON: Europe's main stock markets rebounded at the start of trading on Tuesday, with London's benchmark FTSE 100 index rising 0.4 percent to 6,855.94 points.In the eurozone, Frankfurt's DAX 30 won 0.5 percent to 10,542.95 points and the Paris CAC 40 gained 0.4 percent to open at 4,406.34, compared with the close on Monday.Eurozone stocks had drifted lower Monday, as traders await a key meeting of central bankers at the end of the week, while ...

Markets - Equity - Europe

European shares edge up helped by Syngenta, commodity stocks weigh LONDON: European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after U.S. regulators cleared a takeover bid for the company by ChemChina.Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Committee on Foreign Investment in the U.S. cleared ChemChina's $43 billion bid, making it more likely the takeover of the world's largest pesticides maker will go through .The STOXX 600 rose 0.1 percent, stabilising ...

Markets - Equity - Europe

European stocks dip awaiting clear US rate outlook LONDON: Eurozone stocks fell slightly Monday as traders waited for a key meeting of central bankers at the end of the week, while heavy falls for mining shares dragged down the London market.In mid-afternoon trading, London's benchmark FTSE 100 had lost 0.65 percent compared with Friday's close while in the eurozone both Frankfurt and Paris gave up early minor gains.Frankfurt's DAX 30 was off 0.6 percent and the Paris CAC 40 lost 0.2 percent.Wall Street ...

Markets - Equity - Europe

European stocks diverge awaiting clear US rate outlook LONDON: Eurozone stock markets rose Monday looking ahead to a key meeting of central bankers at the end of the week, but London retreated on heavy falls for heavyweight mining shares.Around 1000 GMT, London's benchmark FTSE 100 was down 0.4 percent compared with the close on Friday.In the eurozone, Frankfurt's DAX 30 rose 0.3 percent and the Paris CAC 40 gained 0.2 percent.Investors were looking ahead to "a relatively quiet week with (Fed chief) Janet ...

Markets - Equity - Europe

Britain's FTSE edges up as housebuilders rise, miners lag LONDON: British shares edged higher on Monday, led by a rise in housebuilding stocks, with gains capped by a fall in the mining sector.The blue chip FTSE 100 index advanced 0.1 percent to 6865.87 points by 0906 GMT, having posted its steepest weekly loss since mid-June on Friday.The index lagged its European peers after a fall in the mining sector, which extended losses to trade 2.9 percent lower on the back of a resurgent dollar, ...

Markets - Equity - Europe

World stocks edge lower as investors await Fed hike signal LONDON: World stocks edged lower and the dollar strengthened on Monday on expectations the Federal Reserve will give a signal this week that it is gearing up to raise U.S. interest rates.An upbeat assessment of the U.S. economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was seen raising the prospect of Fed chair Janet Yellen flagging up a rate rise at a meeting with the world's central bankers on Friday.The dollar index, which ...