12042016Sun
Last update: Sun, 04 Dec 2016 02am

Europe

Markets - Equity - Europe

Trump rally lifts stocks, Wall Street at record high LONDON: Wall Street hit a record high on Thursday as most world markets extended gains on hopes Donald Trump's plan to kickstart the US economy will succeed.Tokyo surged nearly seven percent as Asian markets caught up with a post-election rally elsewhere and European bourses mostly built on Wednesday's upturn except for London, a touch lower after running into profit-taking."Financial markets have swiftly reassessed Trump's win, embracing it with bullish gusto," said Mike van Dulken, head of research at Accendo Markets. The dollar firmed after sliding Wednesday on worries that uncertainty over Trump's policies would cause the Federal Reserve to hold off an interest rate rise. Haven currency the yen was a big loser Thursday, slumping to a 3.5-month low at 106.43 yen to the dollar.- 'Good for growth' -"Perception now is that the controversial multi-billionaire TV presenter and property mogul could be good for business; and talk of tax cuts ...

Markets - Equity - Europe

Stock markets extend global rally on Trump hopes LONDON: World stock markets rallied further Thursday, with Tokyo surging almost seven percent, on hopes Donald Trump's plan to kickstart the US economy will succeed following his shock presidential election victory.The dollar firmed after sliding Wednesday on worries that uncertainty over Trump's policies would cause the Federal Reserve to hold off an interest rate rise. Haven currency the yen was a big loser Thursday, slumping to a 3.5-month low at 106.43 yen to the dollar."Perception ...

Markets - Equity - Europe

Investors exuberant as Trump signals shift from austerity era LONDON: European stocks rose on Thursday following extraordinary gains in Asia and Wall Street was set to open higher again, as exuberance shot through markets and reversed initial dives in reaction to Donald Trump's US presidential victory. Investors focused on Trump's priorities - including tax cuts and higher infrastructure and defence spending, along with bank deregulation - and set aside for the moment longer-term worries about whether he will slap punitive tariffs on Chinese and ...

Markets - Equity - Europe

Rally in banks and miners push European equities to 2-week high LONDON: European equities advanced for a fourth straight session to a two-week high on Thursday, pulled upwards by banks and miners, with encouraging results from companies such as Vivendi also supporting the broader market.The pan-European STOXX 600 was last up 1.1 percent after earlier setting its highest level in more than two weeks. The index closed 1.5 percent higher in the previous session after slumping 2.4 percent earlier that day after the shock victory of ...

Markets - Equity - Europe

Britain's FTSE rises again, boosted by Trump stimulus expectations LONDON: Britain's top share index rose on Thursday, led higher by miners and construction stocks amid expectations of a big economic stimulus in the United States based on President-elect Donald Trump's pledges of tax cuts and more infrastructure spending.Britain's FTSE 100 rose 0.8 percent, up for its fourth straight session to its highest level since late October.Copper miner Antofagasta rose 9.4 percent. The mining, industrial metals, construction and materials sectors rose 2.7-7.1 percent.Copper prices jumped ...

Markets - Equity - Europe

European stock markets extend Trump-led rally at open LONDON: Europe's main stock markets rose at the start of trading on Thursday, extending the previous session's strong gains in the wake of Donald Trump's shock US presidential victory.London's benchmark FTSE 100 index climbed 0.7 percent to 6,962.64 points compared with Wednesday's close.Frankfurt's DAX 30 won 0.6 percent to 10,710.04 points and the Paris CAC 40 advanced 0.7 percent to 4,577.01.World stock markets have recovered from a sharp initial downturn to Trump's win, with Europe's ...

Markets - Equity - Europe

Markets suffer 'Trump slump' on shock election win LONDON: World stock markets sank Wednesday after maverick Republican Donald Trump surprisingly won the US election, triggering chronic uncertainty that sent investors fleeing for safe-haven assets, dealers said.Asia kicked off the so-called "Trump slump", with Tokyo diving on concerns over the untested policies of the billionaire businessman and reality TV star, who has scored a surprise victory over Democrat market favourite Hillary Clinton.Europe followed suit, tipping about two percent lower at the open in Frankfurt, ...