09292016Thu
Last update: Thu, 29 Sep 2016 11pm

Europe

Markets - Equity - Europe

European equities steady as weaker oil shares offset chemicals LONDON: European shares steadied on Tuesday after strong gains in the previous session, with a rally in chemical stocks offsetting weaker energy shares that fell on the back of lower oil prices.The STOXX Europe 600 Oil and Gas index dropped 0.8 percent, the worst sector performer, as oil prices fell after Venezuela said that global supplies needed to fall by 10 percent in order to bring production down to consumption levels.Henry Croft, analyst at Accendo Markets, said that a swift retrace in oil prices was hampering sentiment."The credibility of bullish production freeze rhetoric from Venezuela is understandably being questioned in the run-up to next week's Algiers meeting, while worries about additional supply worsening the global glut add to the mix," Croft added.Shares in BP, Saipem and Tullow Oil fell between 0.3 percent and 2.4 percent.However, losses in the energy sector were offset by a 0.6 percent rise in the European ...

Markets - Equity - Europe

Stocks and dollar subdued as Fed, BOJ meetings begin LONDON: Shares hit pause and the dollar lost ground against the yen on Tuesday, as investors awaited the outcomes of Federal Reserve and Bank of Japan meetings that will both conclude on Wednesday.Nagging doubts about the firepower left available to top central banks and a slip in oil prices made for another subdued start in Europe as the STOXX 600 dipped in and out of the red after seven falls in the last 10 days.Industrial ...

Markets - Equity - Europe

European stock markets downbeat at open LONDON: Europe's main stock markets mostly fell at the open on Tuesday, the start of key policy meetings for the US Federal Reserve and Bank of Japan.London's benchmark FTSE 100 index eased 0.2 percent to 6,801.83 points compared with the close on Monday.In the eurozone, Frankfurt's DAX 30 was virtually flat at 10,374.68 points and the Paris CAC slipped 0.3 percent to 4,383.31.The Federal Reserve and Bank of Japan were kicking off two-day policy meetings ...

Markets - Equity - Europe

Hungary leads assets rise on upgrade, stocks hit nine-year high BUDAPEST: Budapest led a rise of Central European assets on Monday after Standard & Poor's unexpectedly upgraded Hungary's credit rating late on Friday, with its stocks jumping to a nine-year high.Hungary's markets had partly priced in rating upgrades due to a decline in debt and more business-friendly government policies. But most analysts had not expected it to achieve its second investment-grade rating for a few more months, after Fitch upgraded the country to investment level ...

Markets - Equity - Europe

Commodity stocks help Britain's FTSE outperform Europe LONDON: British shares gained on Monday, outstripping European peers thanks to a rise in commodity-related stocks, though mid cap Mitie Group slumped nearly 30 percent after a profit warning. The blue chip FTSE 100 index closed at 6,813.55, up 103.27 points or 1.5 percent, posting its biggest daily rise in two weeks. Energy and basic materials firms combined to add 30 points to the index. Mining companies Anglo American, BHP Billiton , Glencore, and Rio ...

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, ...

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 ...