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

Europe

Markets - Equity - Europe

Britain's FTSE dips after Trump win though pharma, gold miners surge LONDON: Britain's top share index fell on Wednesday after a shock win for Republican Donald Trump in the U.S. presidential election sent markets lower, though gold miners and pharma stocks soared.Trump defeated favourite Hillary Clinton in Tuesday's election, putting the U.S. on an uncertain path and prompting investors to dump risky assets such as stocks.The blue chip FTSE 100 index fell 0.1 percent to 6,837.87 points by 0932 GMT, having rallied in the previous session on expectation of a Clinton victory. The more domestically-focused FTSE 250 index rose 0.2 pct.The FTSE 100 had opened 2 percent lower, but recovered off its lows. Analysts cited Trump's acceptance speech as soothing investor nerves."I think the market over-reacted slightly this morning," John Moore, advisory investment manager at Berkeley Capital, said, adding that he wouldn't be surprised if the FTSE 100 turned positive."I think Trump is pro-business. The thing is, looking towards the FTSE, ...

Markets - Equity - Europe

Trump win leaves dollar, stocks, Mexican peso reeling LONDON/SYDNEY: The US dollar, Mexican peso and world stocks began to steady in the European morning on Wednesday, having been hammered overnight as Donald Trump swept to victory in the U.S. presidential election.European shares were down less than 1 percent and investors were returning to other markets that had been sent into a tailspin as it became clear the Trump was set for a dramatic victory over heavily-favoured Democrat Hillary Clinton.Investors fear a Trump victory ...

Markets - Equity - Europe

European stock futures slide on prospect of Trump presidency LONDON: European stock futures fell sharply on Wednesday and were poised for their worst day since the Brexit vote in the UK as global markets were left stunned by the rising possibility of Republican candidate and political outsider Donald Trump becoming the next U.S. President.Futures for the Euro STOXX 50 fell 4.2 percent, and futures for the STOXX 600 were down 4.1 percent. Futures for the FTSE, DAX and CAC were down 3.3-3.9 percent lower.Republican ...

Markets - Equity - Europe

European shares up in cautious trading, focus on US vote LONDON: European shares edged higher in cautious trading on Tuesday, with encouraging updates from some companies underpinning the broader market on a day when investors' main focus stayed on the election battle in the United States. The pan-European STOXX 600 index was trading 0.2 percent higher by 0933 GMT, after surging 1.5 percent in the previous session on improved chances of Hillary Clinton becoming the next US president. Clinton got a boost on Sunday when ...

Markets - Equity - Europe

Sterling rises vs dollar as US election jitters overshadow British data LONDON: Sterling rose against the dollar in nervous trade on Tuesday as Hillary Clinton and Donald Trump approached the finishing line in a tight US presidential election race. Last minute jitters over the vote overshadowed British industrial output data that showed an unexpected fall in September, while manufacturing growth picked up.The pound was up to $1.2413, regaining some of the ground it lost on Monday, when the dollar surged on growing expectations of a victory ...

Markets - Equity - Europe

Singapore Exchange completes takeover of London's Baltic Exchange LONDON: Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound ($108 million) deal for one of London's oldest institutions, the groups said on Tuesday. The acquisition is one of the latest developments in a string of mergers, bidding wars and failed deals among global exchanges. SGX's offer also comes as the global shipping industry is struggling with its deepest downturn."The acquisition ... has been completed today as planned, ...

Markets - Equity - Europe

GLOBAL MARKETS-Stocks up but caution prevails as US election day dawns LONDON: Stocks edged up on Tuesday as world markets braced for the outcome of one of the most contentious US presidential elections in history, with trade largely driven by cautious expectations of a win for Democrat Hillary Clinton. The sharp swings of recent days across all asset classes gave way to a more subdued tone, with investors reluctant to make too many big bets as Americans prepared to vote. The dollar and bond yields slipped, ...