05052016Thu
Last update: Thu, 05 May 2016 12am

Europe

Markets - Equity - Europe

Europe, US stocks consolidate gains as China falls LONDON: Global shares mostly consolidated recent gains Wednesday but some Asian markets fell as oil prices dropped once more with the end of a strike by crude workers in key producer Kuwait.Crude markets, which have taken centre stage since the collapse of weekend talks to tackle a global supply glut, tumbled by around 2.0 percent on the news from the OPEC member country."Asian markets got an early lift from a weak dollar and rising oil price but gave up early gains after Kuwaiti oil workers ended their three-day strike, bringing oil prices back down as markets adjust to the higher supply," said Jasper Lawler, analyst at traders CMC Markets."It had been the reduced supply from Kuwait that played a role in supporting oil prices in the wake of the failed Doha meeting."After sharp falls for Chinese equities, London's benchmark FTSE 100 index was slightly lower in mid afternoon trading. But ...

Markets - Equity - Europe

Emerging stocks ease off 5-1/2-month high on China tumble, weaker oil LONDON: Emerging stocks retreated from 5-1/2 month highs on Wednesday, after a fresh oil price tumble and a slide in mainland Chinese shares.Turkish bond yields fell to 10-month lows on expectations of an interest rate cut.Most Asian equity markets fell, tracking Shanghai which had its worst daily performance in eight weeks, with a 2 percent fall on signs the central bank could discourage more borrowing by companies.Hong Kong and Taiwanese stocks fell more than 1 ...

Markets - Equity - Europe

European shares decline as oil prices fall back MILAN/LONDON: European shares retreated from three-month highs on Wednesday as oil prices fell, but the losses were limited by some solid earning updates, including those of UK chip maker ARM.The pan-European FTSEurofirst 300 index was down 0.3 percent by 0952 GMT after rising 1.5 percent the day before, when it reached its highest since early January.Crude oil prices fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude ...

Markets - Equity - Europe

Bund yield dips as oil price falls, 10-year auction goes well LONDON: German bond yields dipped on Wednesday as oil prices fell after Kuwaiti oil workers ended a strike and a sale of 10-year debt went smoothly.Significant market moves were capped a day before a European Central Bank meeting, even though investors do not expect any new hints of easing following last month's stimulus measures.Germany sold about 3.2 billion euros of bonds in a top-up of its 0.50 percent 10-year Bund at an average yield of ...

Markets - Equity - Europe

Markets stabilise as likely ECB support offsets weak oil LONDON: Stocks markets stabilised on Wednesday as expectations of support from the European Central Bank offset a decline in the price of oil.Oil prices fell as worries after Kuwaiti workers ended a three-day strike that had halved the nation's crude output . That revived the bearish mood brought last weekend when major producers failed to agree on a cut in output.Global stock markets initially fell, but the FTSEurofirst 300 index of top European shares recovered ...

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 ...