Monday, 06 May 2013 21:00
Posted by Abdul Ahad
PARIS: Major European markets were mixed on Monday, with London closed for a holiday and investors digesting solid gains notched up during record-setting rallies last week.In afternoon trading, Frankfurt's DAX 30 nudged 0.07-percent higher to 8,128.20 points, while in Paris the CAC 40 lost 0.29 percent to 3,901.49 points."After the week of the central banks, investors will be able to take a breather," economists from brokerage Aurel BGC in Paris said in a note."Investors should remain with the impression left last week by the two central banks," they said.In foreign exchange trade, the European single currency dipped but remained above $1.3058 from $1.3116 late on Friday in New York.On the London Bullion Market, gold stood at $1,471.00 an ounce, up from $1,469.25 late on Friday.Sentiment in Europe was also dampened by a eurozone purchasing managers index which showed that a downturn has broadened to include Germany, the 17-nation bloc's biggest ...
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PARIS: Major European markets were mixed on Monday, with London closed for a holiday and investors digesting solid gains notched up during record-setting rallies last week.In afternoon trading, Frankfurt's DAX 30 nudged 0.07-percent higher to 8,128.20 points, while in Paris the CAC 40 lost 0.29 percent to 3,901.49 points."After the week of the central banks, investors will be able to take a breather," economists from brokerage Aurel BGC in Paris said in a note."Investors should remain with the impression left last week by the two central banks," they said.In foreign exchange trade, the European single currency dipped but remained above $1.3058 from $1.3116 late on Friday in New York.On the London Bullion Market, gold stood at $1,471.00 an ounce, up from $1,469.25 late on Friday.Sentiment in Europe was also dampened by a eurozone purchasing managers index which showed that a downturn has broadened to include Germany, the 17-nation bloc's biggest ...
MOSCOW: The board at Rosneft, Russia's top oil producer, has recommended paying 8.05 roubles ($0.26) per share in 2012 dividends, or 25 percent of its net profit under international standards, the company said on Monday.Rosneft will pay 85.3 billion roubles in dividends for last year if its annual shareholders' meeting approves the proposal, the company said in a statement.State-owned Rosneft completed its $55 billion cash and stock acquisition of TNK-BP at the end of March. ...
LONDON: The dollar edged up against the yen on Monday and stocks held near last week's multi-year highs thanks to a brighter outlook for the US economy generated by last week's strong employment data.Stock index futures pointed to a mixed day ahead for Wall Street, though this follows steep gains on Friday in the wake of the payrolls report that took the Dow and S&P 500 indexes to new closing highs.Brent crude oil futures hit ...
LONDON: Speculators raised their net long positions in Brent crude oil futures and options, data from the Intercontinental Exchange (ICE) showed on Monday.Money managers raised their net long positions in Brent by 9,614 contracts to 108,741 in the week to April 30. They also switched to a net short position of 7,135 contracts in gasoilCopyright Reuters, 2013 ...
LONDON: Britain's benchmark equity index rose on Friday to return to near 6-year highs reached in March, as strong US jobs data lifted markets while mining stocks rebounded on a recovery in metals prices.The blue-chip FTSE 100 index ended up 0.9 percent, or 60.75 points higher, at 6,521.46 points its best closing level since finishing at 6,529.41 points on March 14.However, some traders expressed caution over further near-term gains for the FTSE 100, given the ...
LONDON: European shares rose to a new five-year closing high on Friday as robust US jobs data spurred on investors already heartened by the central bank stimulus that has supported equities over other assets.Cyclical auto and mining stocks , so-called as they are geared to the economic cycle, were best supported, rising more than 3 percent after the data which showed US April non-farm payrolls rose by 165,000, ahead of the forecast 145,000."Good job numbers ...
LONDON: World share markets stalled near five-year highs and the dollar dipped on Friday as investors braced for monthly jobs data from the United States, which could add to growing concerns over the global growth outlook.Oil and gold were also supported as the dollar eased while the euro recovered some of its losses against the greenback seen after the European Central Bank cut rates and left the door open for a further easing in policy.Analysts ...
