01232017Mon
Last update: Mon, 23 Jan 2017 09am

Europe

Markets - Equity - Europe

Polish stocks rise as optimism on economy offsets parliament standoff BUDAPEST: Polish stocks hit an eight-month high on Wednesday, reflecting optimism about the country's growth prospects next year and shrugging off political tension as opposition lawmakers continued a sit-in in parliament.Central European assets mostly weathered uncertainty in Poland, Bulgaria and Romania as investors expect economic growth in the region to pick up to 3 percent or more in 2017.Political tension in Warsaw, however, has highlighted longer-term risks to asset prices in the region's biggest economy.Parliament lifted a temporary ban on media access on Tuesday in an effort to defuse anti-government protests, but the opposition said the government should do more for democracy and opposition lawmakers occupied parliament's debating chamber for a sixth day on Wednesday.Critics say the media ban was the latest of several government measures that have eroded the independence of the media and the judiciary.The zloty traded at 4.4098 against the euro at 1228 GMT, a touch weaker ...

Markets - Equity - Europe

European stocks slip as Italian bank woes resurface LONDON: Europe's main stock markets dropped Wednesday, with focus once more on Italian bank Monte dei Paschi, whose shares tumbled on fading hopes that it will avoid a state bailout.London's benchmark FTSE 100 index slipped 0.2 percent compared with the close on Tuesday.In the eurozone, Frankfurt's DAX 30 was fractionally lower, while the Paris CAC 40 lost 0.5 percent.The three indices had closed higher Tuesday, with investors looking beyond fatal attacks in Germany and Turkey ...

Markets - Equity - Europe

European shares ease as Monte Paschi, Spanish lenders slump MILAN: European shares inched lower on Wednesday but stayed close to their highest in over 11 months as merger and acquisition activity propped up the market, while Monte dei Paschi slumped to fresh record lows on worries over its rescue. The pan-European STOXX index fell 0.2 percent after ending the previous session at its highest since Jan. 4. The euro zone blue-chip index, which closed in positive territory for the year on Tuesday, slipped by ...

Markets - Equity - Europe

Dollar retreats from 14-year high, banks pull European shares lower LONDON: The dollar eased back from 14-year highs as bond yields fell on Wednesday while concerns over banks pulled European shares lower, as momentum from Asia and Wall Street faded.A widespread conviction that incoming president Donald Trump's policies will boost the U.S. economy have driven up the dollar and Treasury yields since his election in early November and pushed U.S. stocks to record highs.The Dow Jones industrial average hit a record closing high on Tuesday ...

Markets - Equity - Europe

Britain's FTSE falls, miners in the doldrums LONDON: Britain's top share index fell on Tuesday as miners pulled back, though Lloyds rose after a deal to buy a credit card business.The blue chip FTSE 100 index was down 0.2 percent at 7,000.76 points by 0941 GMT, underperforming a broadly positive European market.Mining stocks, were the standout fallers, retreating 0.7 percent, with precious metals miners Fresnillo and Randgold Resources down 1.5 percent and 1.4 percent as the price of gold eased.Antofagasta and Glencore ...

Markets - Equity - Europe

Dollar climbs as attacks subdue euro, BOJ saps yen LONDON: The dollar climbed back towards a 14-year high on Tuesday as the yen fell after the Bank of Japan held policy steady and fallout from attacks in Germany and Turkey subdued the euro.European shares were steady, with unease over the attacks balanced by gains by bank shares and the Milan market after Italy's government said it wanted approval for up to 20 billion euros to rescue troubled lenders.On currency markets, risk aversion sent the ...

Markets - Equity - Europe

European stocks diverge after fatal attacks LONDON: European stocks rose in Frankfurt and Paris but fell in London following deadly attacks in Germany and Turkey, dealers said.In morning deals, Frankfurt's benchmark DAX 30 index rose 0.1 percent to 11,441 points and the Paris CAC 40 advanced 0.3 percent to 4,837.60.London's FTSE 100 dipped 0.2 percent to 7,006.30 points compared with the close on Monday.At least 12 people were killed and dozens injured late Monday when a lorry was driven into a ...