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Last update: Tue, 31 May 2016 11pm

Europe

Markets - Equity - Europe

Global stocks mostly down as strong yen hits Nikkei NEW YORK: Global stocks mostly fell Monday, with Japanese shares taking a hit as a stronger yen weighed on exporters after the G7 pressed Japan not to weaken its currency.Equity markets dropped in Europe as investors continued to mull over the prospect the US Federal Reserve could raise interest rates in June.Worries about the Fed were also a drag in the US, where stocks finished modestly down.Lower oil prices also hit sentiment, with petroleum producers including Anglo-Dutch Royal Dutch Shell, Japan's Inpex and the US' Chevron all falling.In Japan, the benchmark Nikkei 225 index fell 0.5 percent as investors digested weak trade figures and the unsympathetic reception by other countries to Japanese talk of intervening in the currency market. At a weekend gathering, the Group of Seven presented a clear rebuff to Tokyo's warnings that it may intervene take action to stop the yen's rise.The group agreed on the "importance ...

Markets - Equity - Europe

Britain's FTSE ends lower as commodities stocks slip LONDON: Britain's top share index ended lower on Monday, with a drop in the prices of crude oil and industrial metals putting pressure on commodities-related stocks.The UK energy index dropped 1.2 percent as the oil price fell for a fourth consecutive session after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Shares in BP and Royal Dutch Shell were down more than 1 percent.The mining index also came ...

Markets - Equity - Europe

European stocks falter LONDON: European stock markets retreated Monday following a largely downbeat performance by Asia, as traders digested the outlook for global growth.World stocks had rallied on Friday despite talk that the US Federal Reserve could raise interest rates in June.G7 finance ministers on Saturday voiced concern about the sluggish global economy as they looked for a plan to stoke growth, while a currency policy clash overshadowed their meetings.The club of rich nations also pledged to tackle ...

Markets - Equity - Europe

Stocks see-saw, yields slip as investors get week off to cautious start LONDON: Stocks seesawed on Monday while oil, the dollar and bond yields all fell as investors began the week cautious about prospects that U.S. interest rates could soon be raised.The FTSEuroFirst 300 index of leading shares, Germany's DAX and France's CAC 40 all fell as much as 1 percent in early trade but then rebounded into positive territory.Shares in German drugs and chemicals group Bayer AG were among the most notable decliners, however, down as ...

Markets - Equity - Europe

European shares buoyed by tech, pharma stocks; Fiat, Bayer slump MILAN: European shares inched higher on Monday, helped by gains in tech and healthcare stocks, but Fiat Chrysler slumped on a report raising emissions issues and Bayer dropped after making an offer for Monsanto.The pan-European FTSEurofirst 300 index, which had risen 1.3 percent in the previous session, was up 0.2 percent at 1,329.6 points by 0820 GMT.Fiat Chrysler fell 3.7 percent, making it the top loser on the FTSEurofirst, after Bild am Sonntag newspaper said ...

Markets - Equity - Europe

Hungary shares cheer upgrade, politics weighs on Turkish lira LONDON: Hungarian stocks shone on Monday as the country's return to investment grade after three years in 'junk' territory helped to lift emerging markets after four straight weeks of losses.A dip in the dollar allowed a general drift higher for EM currencies and Greek markets cheered hopes of a new aid deal, though there was also plenty of uncertainty elsewhere to keep optimism in check.The instalment of a new Turkish prime minister, Binali Yildirim, who ...

Markets - Equity - Europe

Greek shares outperform weaker European stock markets LONDON: The Greek bourse outperformed weaker European stock markets on Monday, after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks.The broader, pan-European FTSEurofirst 300 index was down 0.6 percent, while the pan-European STOXX 600 index also fell 0.5 percent, impacted by drops in Fiat Chrysler and Bayer.However, Athens' benchmark ATG equity index climbed 1.2 percent.The Athens stock market rose after Greek lawmakers ...