01182017Wed
Last update: Wed, 18 Jan 2017 11pm

Europe

Markets - Equity - Europe

Dow flirts with 20,000 points on calm markets PARIS: The Dow flirted with 20,000 points once again on Tuesday, while a plunge in the share price of Toshiba caused ripples in otherwise placid trading.In early trading it came as close as 20 points, but even positive consumer confidence and robust housing price data failed to give the the Dow enough of a push.The blue-chip index has been within striking distance of the 20,000 landmark since mid-December, but has so far failed to cross the line. Some analysts believe it could drift above 20,000 in the post-Christmas period, when trade volume is light."Markets are calm, as thin holiday volumes are in play," said market analyst Ipek Ozkardeskaya at London Capital Group.US stocks have been pushing into record territory following the surprise US election victory of Donald Trump, with the tech-heavy Nasdaq composite striking Tuesday an intraday record high of 5,511.47 points."The financial markets seem to have already priced in ...

Markets - Equity - Europe

GLOBAL MARKETS-Stocks inch higher in holiday lull LONDON: Share prices inched higher on Tuesday as trading in some of the world's major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally. Concerns about Italian banks, Chinese growth and US President-elect Donald Trump's protectionist bent look set to keep investors on edge into the start of 2017. But expectations the new administration will splash out on a fiscal boost for the US economy also has markets expecting ...

Markets - Equity - Europe

Toshiba and Italian banks ripple calm markets LONDON: A plunge in the share price of Toshiba over a possible write-down and the bailout of one of Italy's top banks were the biggest ripples in otherwise placid trading Tuesday."Markets are calm, as thin holiday volumes are in play," said market analyst Ipek Ozkardeskaya at London Capital Group.However a 12 percent meltdown in Toshiba shares on speculation that it may book a multi-billion-dollar loss over a US subsidiary's acquisition of a nuclear power service ...

Markets - Equity - Europe

Stocks inch higher in holiday lull LONDON: European and Asian share prices inched higher on Tuesday as trading in some of the world's major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally.Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump's protectionist bent look set to keep investors on edge into the start of 2017.But expectations the new administration will splash out on a fiscal boost for the U.S. economy also has markets ...

Markets - Equity - Europe

Banks in focus as world stocks drift into Xmas break LONDON: Europe's stock markets and Wall Street were broadly stable Friday on a quiet last trading day before Christmas, with banks topping the agenda after huge US fines and a bailout in Italy.London closed marginally higher in a half-day session, as upwardly-revised data showed the British economy grew 0.6 percent in the third quarter despite Brexit jitters.In the eurozone, Frankfurt and Paris hovered around either side of unchanged, but Milan jumped nearly one percent on ...

Markets - Equity - Europe

Britain's FTSE steadies, RBS and Barclays diverge on US settlement updates LONDON: Britain's top shares held roughly steady in a shortened session on Friday, with RBS and Barclays heading in opposite directions following the latest developments in a US probe into misselling of mortgage securities. The FTSE 100 ended up 0.1 percent, and was up 0.8 percent for the week - a third successive week of gains. The index hit its highest level in over two months. Royal Bank of Scotland closed up 1.4 percent, after ...

Markets - Equity - Europe

European stocks stable before Christmas, banks in focus LONDON: Europe's stock markets were stable Friday on the last trading day before Christmas, with banks topping the agenda after huge US fines and a bailout in Italy.London was flat before an early finish at 1230 GMT, as upwardly-revised data showed the British economy grew 0.6 percent in the third quarter despite Brexit jitters.In the eurozone, Frankfurt and Paris both eked out slender gains, but Milan jumped 0.9 percent on relief over a state rescue ...