09302016Fri
Last update: Fri, 30 Sep 2016 11am

Europe

Markets - Equity - Europe

Britain's FTSE rises as Morrison rally offsets Next slump LONDON: Britain's top equity index rose on Thursday, led higher by a jump in Morrisons after a rise in its first-half profit for the first time in four years, but Next slumped following poor results. The blue-chip FTSE 100 index closed slightly higher for the second session in a row, up 0.9 percent at 6,730.30 points though still near a one-month low after a shaky start to the week. Supermarket operator Morrisons was the top performer, rising 7.5 percent and touching its highest level since March 2015 after reporting a rise in first-half profit for the first time in four years and a third straight quarter of underlying sales growth. Nicholas Hyett, analyst at Hargreaves Lansdown, said the firm was not completely out of the woods. "Lower sterling will increase the costs of imported foods, and how far the supermarket is able to pass that increase on to customers remains ...

Markets - Equity - Europe

European shares snap losing streak after choppy day; Morrisons top gainer MILAN/LONDON: European shares rose on Thursday at the end of a choppy session that saw a key index hit a six-week low, with UK supermarket Morrisons leading gainers following a strong earnings update. The pan-European STOXX 600 index, which had fallen for the last five days in a row amid concerns over tighter monetary policies, ended up 0.6 percent. The index slipped as much as 0.1 percent earlier in the session to its lowest point ...

Markets - Equity - Europe

Europe stocks in black as traders eye central banks LONDON: London stocks led the way Thursday, with Europe's main markets edging higher after hints from the Bank of England that another rate cut could be on the cards this year despite upbeat economic data.London's benchmark FTSE 100 rose 0.9 percent at closing, after the BoE also froze its key interest rate. Traders also cheered better-than-expected British retail sales data.In the eurozone, Frankfurt's DAX 30 index edged up 0.5 percent and the Paris CAC was ...

Markets - Equity - Europe

Stocks struggle for footing after bond slip LONDON: World stocks steadied at two-month lows on Thursday although bond markets stayed in the red as two of Europe's top central banks keep their interest rates pointing firmly downwards - a full eight years on from the collapse of Lehman Brothers.Europe's main stock markets in London, Frankfurt and Paris spent most of the day struggling to stay in positive territory as the region attempted to pull out of a five-day losing streak.Wall Street, which ...

Markets - Equity - Europe

Stocks diverge as traders eye central banks LONDON: European stocks markets rose on Thursday, as investors in London looked ahead to a monetary policy announcement from the Bank of England.Tokyo's main index meanwhile tumbled in a choppy day for Asian stock markets ahead of key policy meetings in the United States and Japan next week.Traders worldwide are focusing on the central bank gatherings, hoping they will clear up some uncertainty about monetary policy in leading economies.On the corporate front Thursday, shares in ...

Markets - Equity - Europe

Stocks sell off bolsters yen, dollar supported by Fed rate hike talk LONDON: The safe-haven yen strengthened on Monday as investors sold stocks and riskier assets including commodities, but the dollar outperformed higher-yielding currencies on fresh talk of an interest rate hike by the Federal Reserve in the near term.The focus will be on Fed Governor Lael Brainard's speech later in the day. The timing of a speech by the Fed's most-noted dove, just before the Fed's Open Market Committee blackout period, is too much of a ...

Markets - Equity - Europe

European shares fall, poised for biggest loss since June LONDON: European shares sank in early deals on Monday, tracking falls in Asia and on course for their biggest drop in nearly three months as investors took bets on a possible near-term rate hike in the United States.Stocks and bonds had sold off in Asia, with markets also questioning whether global central bank stimulus programmes were reaching the limits of their effectiveness.Europe's STOXX 600 was down 1.8 percent in a broad-based selloff as the growth-sensitive ...