08302016Tue
Last update: Tue, 30 Aug 2016 09am

Europe

Markets - Equity - Europe

Stocks mostly downbeat before Fed update LONDON: World stock markets largely retreated Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next US rate rise.European indices fell back after opening higher, although London's losses were capped by brighter-than-expected unemployment figures that calmed fears surrounding Brexit's economic fallout.Tokyo was the only riser among leading stock markets, lifted by a weaker yen, according to traders.Around 1030 GMT, London's benchmark FTSE 100 index was down 0.2 percent.In the eurozone, Frankfurt's DAX 30 shed 0.9 percent and the Paris CAC 40 lost 0.6 percent compared with the close on Tuesday.Tokyo's benchmark Nikkei 225 index climbed 0.9 percent, snapping a two-day losing streak as a drop in the haven yen currency lifted exporters.The dollar picked up against the yen Wednesday after comments from a senior US central banker suggested the Federal Reserve could hike interest rates as early as ...

Markets - Equity - Europe

European shares slip; Wienerberger, Carlsberg drop after results LONDON: European shares slipped on Wednesday, with Austrian brickmaker Wienerberger, brewer Carlsberg and UK insurer Admiral sliding after publishing results.The pan-European STOXX 600 index, which reached a seven-week high earlier in the week, fell 0.5 percent. The STOXX 600 is down around 7 percent so far in 2016.Wienerberger was among the worst-performing stocks in Europe, falling 8.5 percent after warning of negative currency impacts from the weakening of sterling following Britain's decision to leave the ...

Markets - Equity - Europe

Britain's FTSE dragged down by drop in Admiral LONDON: A slump in Admiral shares dragged Britain's top share index down further from the 14-month highs it hit on Wednesday, after the car insurer said that market volatility caused by Britain's vote to leave the EU had hit its solvency ratio.Shares in Admiral, which slightly missed analyst estimates with its results, were down 8.5 percent, on course for their biggest fall since November 2011. Admiral also warned of additional risks from the Brexit referendum ...

Markets - Equity - Europe

EM stocks fall from 1-year high after hawkish Fed comments LONDON: Emerging market stocks retreated from one-year highs on Wednesday and currencies saw their first notable falls in almost two weeks as revived talk of a near-term U.S. interest rate hike saw EM bulls pull in their horns.The benchmark emerging equity index was down 0.7 percent after a Federal Reserve official said rates could rise as soon as September, a move that would be unfavourable for emerging market assets.New York Fed President William Dudley, seen ...

Markets - Equity - Europe

Dollar turns defence into attack ahead of Fed minutes LONDON: Revived bets on US interest rate rises this year saw the dollar turn defence into attack on Wednesday and halted a red-hot run for oil prices and emerging markets.The dollar rebounded from seven-week lows against the yen as talk of as many two Federal Reserve rate hikes before new year from one Fed official and a move as soon as next month from another set traders up for Fed meeting minutes due later.Futures markets ...

Markets - Equity - Europe

European stocks rebound at open LONDON: European stock markets rebounded at the start of trading on Wednesday, mirroring a recovery in Tokyo.London's benchmark FTSE 100 index rose 0.4 percent to 6,918.31 points, compared with the close on Tuesday. In the eurozone, Frankfurt's DAX 30 climbed 0.2 percent to 10,694.55 points and the CAC 40 in Paris won 0.3 percent to open at 4,475.13.Tokyo stocks snapped a two-day losing streak Wednesday as a drop in the yen lifted exporters while energy ...

Markets - Equity - Europe

European shares fall back from seven-week highs as Schindler slips LONDON: European shares pulled back from seven-week highs on Tuesday, weighed down by industrial stocks, after Swiss firm Schindler lowered its outlook for 2016. The STOXX Europe 600 index fell 0.8 percent, slipping back from its highest level since the "Brexit" vote in late June that saw Britain vote to leave the European Union, with the index still down 6 percent so far in 2016. Schindler Holding declined 4.4 percent, the biggest faller on ...