09292016Thu
Last update: Thu, 29 Sep 2016 06pm

Europe

Markets - Equity - Europe

Central bankers weigh on world stocks LONDON: Stocks slipped Friday as a senior US central banker flagged an early rate rise, a day after the European Central Bank failed to deliver new stimulus, disappointing markets.In Asia, markets were also marred by concerns over North Korea's nuclear test.Wall Street fell after Eric Rosengren, president of the Boston Fed and a voting member of the Fed's policy committee this year, suggested tighter credit may well be needed to avoid an overheating of the economy. "If we want to ensure that we remain at full employment, gradual tightening is likely to be appropriate," he said, rekindling talk that a Fed hike, which many investors expect for December, could now come as early as the central bank's next meeting on September 20-21.The hint of a more aggressive Fed stance added to gloom across the Atlantic where European investors were still digesting an apparent lack of urgency on the part of ...

Markets - Equity - Europe

European stocks weaken at open on ECB disappointment LONDON: Europe's main stock markets fell further at the start of trade on Friday, one day after the European Central Bank failed to deliver new stimulus measures.Sentiment was dampened by earlier losses in most of Asia, where investors were rattled by concerns over North Korea's nuclear test.In opening deals, London's benchmark FTSE 100 index started the day 0.2 percent lower at 6,842.81 points.Frankfurt's DAX 30 dipped 0.3 percent to 10,641.81 points and the Paris CAC ...

Markets - Equity - Europe

Euro picks up as ECB counsels patience LONDON: The euro shot higher Thursday as the European Central Bank hiked its 2016 growth forecast and called for "patience" before injecting more stimulus in the eurozone economy. The euro rose as high $1.1327 after the ECB's economists said they now expect 1.7 percent growth this year, up from the 1.6 percent they forecast in June.The euro later settled at $1.1315 up from $1.1242 late Wednesday.Equities traders liked less the ECB's call for patience for ...

Markets - Equity - Europe

Stocks rise as eyes shift to ECB LONDON: Better than expected trade numbers from China kept Asian stock markets near one-year peaks on Thursday while helping prod those in Europe higher ahead of a European Central Bank decision that may hint at, or even deliver, more monetary stimulus.The first annual rise in Chinese imports since late 2014 was a welcome fillip but came after a mixed bag of data which may add to the pressure on Frankfurt to do yet more to ...

Markets - Equity - Europe

European shares near eight-month highs as Micro Focus surges LONDON: European stock markets gained ground on Thursday, leaving a leading index near eight-month highs, with software company Micro Focus surging after a deal with Hewlett Packard Enterprise.The pan-European STOXX 600 index was up 0.2 percent, near its highest level in eight months.Micro Focus rose around 20 percent, the best-performing stock on the STOXX 600 index, after sealing an $8.8 billion deal for Hewlett Packard Enterprise to merge its non-core software assets with Micro Focus's ...

Markets - Equity - Europe

European shares steady near 8 month highs LONDON: European shares remained just off an 8 month high on Wednesday, supported by a rise in Weir Group and well-received company results which helped to counteract weak data out of Germany.The STOXX Europe 600 edged down 0.1 percent to 349.25. The index hit its highest level since January on Monday, before weak data from the United States saw it fall back in the previous session.Weak data also hindered stocks on Wednesday, and Germany's DAX ...

Markets - Equity - Europe

Britain's FTSE rises as Ashtead, oil majors gain LONDON: UK shares rose on Wednesday, supported by a rise in precious metals miners and oil stocks as well as a surge in equipment rentals firm Ashtead.The blue chip FTSE 100 index was up 0.1 percent at 6,835.74 points by 0917 GMT, in line with the broader European market.Ashtead soared 7.2 percent, poised for its biggest daily gain since December 2015 after reporting a robust set of first quarter results which included a 4 percent ...