05022016Mon
Last update: Mon, 02 May 2016 02am

Europe

Markets - Equity - Europe

Russian stocks rise after Dutch court overturns $50 billion Yukos award MOSCOW: Russian stock indexes rose on Wednesday, reversing earlier losses, after a Dutch court overturned a court decision which awarded former shareholders of the Yukos oil company $50 billion. At 0817 GMT the rouble-based MICEX index was up 0.5 percent at 1,939 points, while the dollar-based RTS index was flat at 927 points. Both indexes had opened the day down because of lower oil prices. Copyright Reuters, 2016 ...

Markets - Equity - Europe

Britain's FTSE edges down from highest close of 2016 LONDON: Britain's top share index edged down from its highest close in the year on Wednesday, hit by a renewed fall in the price of oil and a drop in financial stocks. The FTSE 100 was down 27.78 points, or 0.4 percent, at 6,377.57 by 0755 GMT, having closed at 6,405.35 in the previous session - the index's highest close since December 3. The index is up nearly 16 percent from 3-1/2 year lows in ...

Markets - Equity - Europe

European stock markets fall at open LONDON: Europe's main stock markets fell at the start of trading on Wednesday after surging the previous session, as oil prices declined once more.London's benchmark FTSE 100 index dropped 0.2 percent to 6,391.54 points at the open compared with Tuesday's close.In the eurozone, Frankfurt's DAX 30 index shed 0.4 percent to 10,312.64 points, and the Paris CAC 40 lost 0.4 percent to 4,546.35.Global equities had charged higher on Tuesday as rising oil prices and buoyant ...

Markets - Equity - Europe

Strong trading updates help European shares to three-month high LONDON/MILAN: European shares rose to three-month highs on Tuesday, helped by a rally in commodities-related stocks and encouraging trading updates from French cosmetics firm L'Oreal and advertising group Publicis.L'Oreal rose 5 percent as it said it would outperform the market in 2016 and forecast another year of sales and profit growth after first-quarter sales rose more than expected .The pan-European FTSEurofirst 300 index rose 1.5 percent to its highest closing level since Jan. 6.The European ...

Markets - Equity - Europe

Global stocks push higher as oil shrugs off Doha flop LONDON: Global equities charged higher on Tuesday as rising oil prices and buoyant German investor confidence brought cheer to investors, analysts said.Shrugging off lingering disappointment over last weekend's failed Doha oil output talks, crude prices continued to rise."Stocks appear to be taking their cue from the positive momentum in global oil prices, ignoring the pull from mixed earnings reports" and "soft" data for the building of new homes in the US for March, Sheraz Mian, ...

Markets - Equity - Europe

European shares hit three-month high, helped by positive company updates LONDON/MILAN: European shares rose to three-month highs on Tuesday, with a rally in commodities-related stocks and encouraging updates from companies such as French cosmetics firm L'Oreal and advertising group Publicis.L'Oreal rose 4.9 percent as it pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.At 1435 GMT, the pan-European FTSEurofirst 300 index was up 1.4 percent at 1,374.3 ...

Markets - Equity - Europe

Global stocks push higher as Doha disappointment fades LONDON: Global equities charged higher Tuesday, boosted by rising oil prices and news of buoyant German investor confidence.Crude oil continued to climb despite lingering disappointment over last weekend's failed Doha oil output talks.In the eurozone, Frankfurt rallied 2.0 percent in mid afternoon trading as a key survey, the German investor confidence index calculated by the ZEW economic institute, posted a robust increase in April.That was the second monthly rise in a row and it beat ...