02092016Tue
Last update: Tue, 09 Feb 2016 02am

Europe

Markets - Equity - Europe

Stocks edge up after Fed takes cautious tack LONDON: Emerging equities rose on Thursday to touch a two-week high after the U.S. Federal Reserve took a cautious tack, while a rise in oil prices helped currencies such as the Russian rouble and Kazakh tenge to firm.The benchmark emerging equity index was up 0.65 percent, helped by gains in Russia, where dollar-denominated stocks rose 2.5 percent, South Africa, where the blue-chip Top 40 was up 1.5 percent and Turkey , up 0.9 percent.There were also gains across markets in Asia, Eastern Europe and even the Middle East, where an increase in oil prices on the possibility of output cuts leant support.Investor appetite for emerging markets improved slightly following the Fed's meeting on Wednesday at which it kept interest rates unchanged and said it was "closely monitoring" global economic and financial developments.Traders are now betting that it will wait until July before it hikes again."The greater concern about the global ...

Markets - Equity - Europe

European stock markets drop at open LONDON: Europe's main stock markets declined at the start of trading on Thursday, with London's FTSE 100 index down 0.2 percent at 5,976.4 points.In the eurozone, Frankfurt's DAX 30 index retreated almost 0.6 percent to 9,826.3 points and the Paris CAC 40 dipped 0.4 percent to 4,362.6 compared with the close on Wednesday.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

European equities mixed, Wall Street lower before Fed LONDON: European stock markets were mixed Wednesday and Wall Street opened lower after sliding oil prices helped reverse gains a day earlier and investors reacted to disappointing results from Apple and Boeing.Ahead of a US interest rate decision and in the wake of falling Chinese equities, shares on Frankfurt's DAX index slipped slightly, while Paris and London edged marginally upwards.At around 1445 GMT, the Dax was 0.06 percent lower, while the CAC 40 rose 0.11 ...

Markets - Equity - Europe

Britain's FTSE edges up as oil regains ground, though RBS slips LONDON: Britain's blue-chip share index edged higher on Wednesday and erased losses made earlier in the day as the price of oil steadied, easing pressure on mining and energy stocks from concerns surrounding ample supplies and low demand.The UK oil and gas index was flat in percentage terms after oil prices inched over $31 a barrel, although investors were still concerned about a bigger-than-expected buildup in U.S. crude inventory and about the pace of economic ...

Markets - Equity - Europe

European equities kick lower before Fed LONDON: European stock markets reversed Wednesday as investors reacted to disappointing Apple results and falling Chinese equities ahead of a US interest rate decision.Most Asian stocks pushed higher, aided by sliding oil prices that cut fuel costs for companies, but Shanghai sank 0.5 percent, extending Tuesday's heavy falls on fresh Chinese economic woes.Investor sentiment was rattled also by tech giant Apple's news of disappointing iPhone sales during October-December.Markets were awaiting the outcome of the US ...

Markets - Equity - Europe

Emerging equities rise pre-Fed; rouble seesaws with oil LONDON: Emerging equities rose nearly 1 percent on Wednesday, tracking oil, late-session gains on Wall Street and a retreat in the dollar ahead of what could be a dovish signal from the U.S. Federal Reserve.Renewed oil price falls hit the Russian rouble, which slipped half a percent before recovering, with most other emerging currencies little changed against the dollar.The greenback fell 0.4 percent against major currencies before the Fed meeting, which many expect signal very ...

Markets - Equity - Europe

Weaker commodities stocks drag FTSE lower, RBS slips LONDON: Britain's blue-chip share index edged lower on Wednesday, with mining and energy stocks losing ground again on lingering concerns that metals and oil prices will stay under pressure due to ample supplies and low demand.Royal Bank of Scotland fell 3.4 percent after saying it would take a 2.5 billion pound ($3.6 billion) hit to its fourth-quarter profits after setting aside more cash to cover litigation costs, compensation for mis-selling loan insurance and an impairment ...