09272016Tue
Last update: Tue, 27 Sep 2016 10am

Europe

Markets - Equity - Europe

Stocks sell off bolsters yen, dollar supported by Fed rate hike talk LONDON: The safe-haven yen strengthened on Monday as investors sold stocks and riskier assets including commodities, but the dollar outperformed higher-yielding currencies on fresh talk of an interest rate hike by the Federal Reserve in the near term.The focus will be on Fed Governor Lael Brainard's speech later in the day. The timing of a speech by the Fed's most-noted dove, just before the Fed's Open Market Committee blackout period, is too much of a coincidence for many in the markets with some expecting her to send a signal that further tightening is coming perhaps as early as this monthThe dollar was 0.6 percent weaker at 102.10 yen. But it gained against the euro and rose 0.5 percent against the higher-yielding Australian dollar and was firmer across the board against riskier emerging market currencies.Currency investors were keeping an eye on the sell-off in global bonds, with perceived limits to central ...

Markets - Equity - Europe

European shares fall, poised for biggest loss since June LONDON: European shares sank in early deals on Monday, tracking falls in Asia and on course for their biggest drop in nearly three months as investors took bets on a possible near-term rate hike in the United States.Stocks and bonds had sold off in Asia, with markets also questioning whether global central bank stimulus programmes were reaching the limits of their effectiveness.Europe's STOXX 600 was down 1.8 percent in a broad-based selloff as the growth-sensitive ...

Markets - Equity - Europe

Britain's FTSE poised for biggest drop since June LONDON: UK shares fell at the open, set for their biggest drop since June 27 as stocks and bonds were sold off across the world on nervousness about central bank policies.Equities dropped as bond yields rose in the U.S. and Asia on the back of a possible September U.S. rate hike and questions about whether central banks had reached the limit of their stimulus measures.The FTSE 100 index was down 1.6 percent at 6,667.08 points ...

Markets - Equity - Europe

Selloff gathers pace as stimulus pullback fears deepen LONDON: European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks' commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programmes may be waning.German Bund yields rose further above zero to 0.04 percent, their highest since Britain's Brexit vote in late June, and the rise in lower-rated euro zone countries' yields was even sharper.Major European stock indexes fell as much as 2 percent ...

Markets - Equity - Europe

European stocks slide at open LONDON: Europe's main stock markets slumped at the start of trading on Monday, mirroring a slide across Asia caused by the prospect of a US interest rate hike this month.London's benchmark FTSE 100 index shed 1.3 percent to 6,690.12 points compared with the close on Friday.Frankfurt's DAX 30 tumbled 1.8 percent to 10,380.46 points and the Paris CAC 40 retreated 1.7 percent in value to open at 4,415.23.Speculation that the Fed may act as soon ...

Markets - Equity - Europe

Central bankers weigh on world stocks LONDON: Stocks slipped Friday as a senior US central banker flagged an early rate rise, a day after the European Central Bank failed to deliver new stimulus, disappointing markets.In Asia, markets were also marred by concerns over North Korea's nuclear test.Wall Street fell after Eric Rosengren, president of the Boston Fed and a voting member of the Fed's policy committee this year, suggested tighter credit may well be needed to avoid an overheating of the ...

Markets - Equity - Europe

European stocks weaken at open on ECB disappointment LONDON: Europe's main stock markets fell further at the start of trade on Friday, one day after the European Central Bank failed to deliver new stimulus measures.Sentiment was dampened by earlier losses in most of Asia, where investors were rattled by concerns over North Korea's nuclear test.In opening deals, London's benchmark FTSE 100 index started the day 0.2 percent lower at 6,842.81 points.Frankfurt's DAX 30 dipped 0.3 percent to 10,641.81 points and the Paris CAC ...