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Europe

Markets - Equity - Europe

European stocks downbeat on Nice attack LONDON: Europe's main stock markets ended the week on pause Friday, with downbeat sentiment over the deadly Nice truck attack offsetting Wall Street records and positive Chinese data.Airline stocks slid after a gunman late Thursday smashed a truck into a crowd in the French resort of Nice, killing at least 84 people in what President Francois Hollande declared a "terrorist" attack.Accor Hotels led losers on the Paris market in shedding three percent as the French tourism industry fretted at the latest in a slew of recent attacks while transport firms and luxury goods makers also fell back.Overall, the Paris market closed the session off 0.3 percent at 4,372.51 points.At the close in London, the benchmark FTSE 100 index edged into positive territory, adding 0.2 percent to 6,669.24 points while Frankfurt's DAX index ended off just 0.01 percent to 10,066,90 points -- albeit for a rise of 4.5 percent for the ...

Markets - Equity - Europe

European stocks fall at open after Nice attack LONDON: Europe's main stock markets fell at the open on Friday, with sentiment hit by the fatal Nice truck attack according to traders, offsetting Wall Street records and positive Chinese data.London's benchmark FTSE 100 index dropped 0.2 percent to 6,641.75 points compared with the close on Thursday.In the eurozone, Frankfurt's DAX 30 slipped 0.4 percent to 10,031.18 points and the Paris CAC 40 shed 0.4 percent to 4,367.43."In focus today will be last night's tragic ...

Markets - Equity - Europe

Bond yield slump, low rates highlight UK pension shortfall risks LONDON: A $500 billion gap in British company pension schemes, exacerbated by a further fall in bond yields after last month's Brexit vote, is stretching balance sheets and could discourage investors from buying some firms' shares.The collapse in bond yields, which pension funds rely on for income to pay retirees, has left the near-5,000 underfunded pension schemes in the UK in an even worse position and has sharpened investors' focus on the companies most at ...

Markets - Equity - Europe

London dips, European stocks rally British rates held LONDON: A Bank of England decision to leave rates unchanged at its first meeting since Britain voted to quit the EU left the London market unimpressed Thursday although European stocks finished higher.All eyes were on London after the appointment of a new British finance minister and with traders waiting to see if the Bank of England would cut its main interest rate to a new record-low level under 0.50 percent.In anticipation of a possible rate ...

Markets - Equity - Europe

European stocks rally before Bank of England call LONDON: Europe's main stock markets rallied on Thursday, with Frankfurt back above 10,000 points for the first time since Britain voted to exit the EU.All eyes were on London after the appointment of a new British finance minister and as traders waited to see if the Bank of England would cut its main interest rate to a new record-low level under 0.50 percent.Around 1030 GMT, London's benchmark FTSE 100 index was 1.0-percent higher compared with ...

Markets - Equity - Europe

Britain's FTSE 100 climbs to 11-month high with BoE set to cut rates LONDON :Britain's top shares index rose on Thursday to an 11-month high, boosted by expectations of an interest rate cut from the Bank of England that lifted housebuilding and property stocks.The blue-chip FTSE 100 index rose 1 percent to 6,738.75 points while the FTSE 250 mid-cap index, whose companies are more exposed to the domestic economy, advanced 0.6 percent.The Bank of England is expected to halve its benchmark interest rate to a record low of ...

Markets - Equity - Europe

European shares set three-week highs, focus on BoE LONDON :European shares climbed to a three-week high on Thursday, boosted by auto and commodities-related stocks, with sentiment improving on expectations that the Bank of England (BoE) will cut interest rates later in the day to spur economic growth.The pan-European STOXX Europe 600 and the FTSEurofirst 300 indexes were both up around 1 percent in morning deals after rising earlier in the session to their highest since June 23 -- the date when Britons voted ...