09272016Tue
Last update: Tue, 27 Sep 2016 12am

Europe

Markets - Equity - Europe

European shares rebound, helped by financials, commodity stocks LONDON: European shares edged higher on Monday in a modest rebound after two straight weeks of losses, led by financials and commodity stocks. The pan-European STOXX 600 index, which had fallen to a six-week low on Friday, ended up 1 percent. The STOXX 600 remains down by 7 percent so far in 2016. A rise in financial stocks, which had slumped on Friday following a threatened $14 billion fine on Deutsche Bank from US authorities, added the most points to European stock markets. Shares in banks HSBC, Intesa Sanpaolo and Santander rose between 1 and 2.5 percent. But Deutsche Bank fell 2.4 percent, extending losses following an 8.5 percent slump in the stock on Sept. 16. Analysts at US bank Citigroup said that, while battered bank stocks represented a tempting investment opportunity, buying into the sector would nevertheless represent the "world's biggest contrarian trade". "History says 'Buy' but our key ...

Markets - Equity - Europe

Stocks rally ahead of central bank meetings LONDON: European and Asian stocks markets mostly rallied on Monday, with all eyes on central banks ahead of key meetings this week in the United States and Japan.Concern that years of cheap cash could be coming to an end has roiled markets this month with conflicting comments from top Federal Reserve officials over the need for an interest rate hike fuelling uncertainty.And a lack of any concrete promises from Tokyo about the Bank of Japan's ...

Markets - Equity - Europe

Britain's FTSE gains as miners rally, though mid cap Mitie drops LONDON: British shares advanced on Monday, led by a rise in mining companies which were supported by firmer oil prices and a weaker dollar, though mid cap Mitie Group slumped after a profit warning.The blue chip FTSE 100 index was up 1.4 percent at 6,805.26 points by 0855 GMT, set for its biggest daily rise in two weeks and in line with the broader European market.Analysts said they expected markets to be volatile ahead of ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: European stocks markets rebounded at the start of trading on Monday, with all eyes on central banks ahead of key meetings this week in the United States and Japan.At the open, London's benchmark FTSE 100 index jumped 0.9 percent to 6,771.53 points compared with the close on Friday.In the eurozone, Frankfurt's DAX 30 won 0.7 percent to 10,349.87 points and the Paris CAC advanced 0.8 percent to 4,368.85.Asian markets mostly rose Monday as traders ...

Markets - Equity - Europe

Deutsche Bank fine compounds miserable week for Europe LONDON: A monster fine for Deutsche Bank compounded a miserable week for European stocks on Friday, while bonds bounced as weak US retail sales figures triggered a pullback in Federal Reserve rate hike expectations. News overnight that the US Department of Justice had levied a far bigger than expected $14 billion fine on Germany's largest bank sent financial stocks across Europe tumbling amid worries others could also be clobbered. Bank shares were on course for ...

Markets - Equity - Europe

European stocks fall, dragged down by Deutsche Bank LONDON: European stocks markets retreated on Friday, with shares in Deutsche Bank slumping as US authorities hunted down Germany's biggest lender over a record fine.Around 1015 GMT, London's benchmark FTSE 100 index slipped 0.1 percent.In the eurozone, Frankfurt's DAX 30 and the Paris CAC 40 each shed 0.5 percent compared with the close on Thursday.Authorities in the US are seeking up to $14 billion (12.5 billion euros) from Deutsche Bank to resolve allegations stemming from ...

Markets - Equity - Europe

Britain's FTSE rises as Morrison rally offsets Next slump LONDON: Britain's top equity index rose on Thursday, led higher by a jump in Morrisons after a rise in its first-half profit for the first time in four years, but Next slumped following poor results. The blue-chip FTSE 100 index closed slightly higher for the second session in a row, up 0.9 percent at 6,730.30 points though still near a one-month low after a shaky start to the week. Supermarket operator Morrisons was the top ...