02062016Sat
Last update: Sat, 06 Feb 2016 02pm

Europe

Markets - Equity - Europe

European shares drop as oil price resumes slide, banks down LONDON/MILAN: European shares fell on Monday, with oil and gas companies losing ground as an oil price rally fizzled out and steep falls in Spanish and Italian lenders hitting banking stocks.The pan-European FTSEurofirst 300 index, which rose 3 percent on Friday to mark its first weekly gain for 2016, slipped 0.7 percent by 1523 GMT. The FTSEurofirst is down around 8 percent since the start of 2016.The euro zone's blue-chip Euro STOXX 50 index and Germany's DAX were down 0.7 and 0.4 percent respectively, with the DAX more than 20 percent below a record high reached last April.Oil prices slid after having rallied 10 percent on Friday. This in turn pushed down the shares of companies such as BP , Total and Eni.World stock markets have fallen since the start of 2016, partly due to signs of a slowdown in China, the world's second-biggest economy and a major consumer of ...

Markets - Equity - Europe

Volatility grips stock markets LONDON: World stock markets experienced more volatile trading on Monday, with equities in Europe losing ground after solid advances across Asia. Asian stock markets closed with gains as investors bet on central bank stimulus measures to support markets after the bloodbath at the start of the year.But it was a different story in Europe and on Wall Street, which fell back overall.The DAX 30 shed 0.4 percent in Frankfurt to 9,728.1, banks leading the losers, ...

Markets - Equity - Europe

Stocks rise but FX slips as Friday rally fades LONDON: Emerging stocks extended gains and hit a 10-day high on Monday but currencies broadly weakened as the glow of a stellar bounce in assets late last week started to fade and investors became cautious again.MSCI's emerging market index gained 0.9 percent - the first time the benchmark has been set for a second straight day of gains since late December - lifted by healthy gains across Asia and some south and eastern European markets.Yet ...

Markets - Equity - Europe

European shares inch lower as oil price rally fizzles out LONDON: European stock markets fell slightly on Monday, with shares in major oil and gas companies losing ground as an oil price rally fizzled out.The pan-European FTSEurofirst 300 index, which rose 3 percent on Friday to mark its first weekly gain for 2016, slipped 0.2 percent by 1056 GMT. The FTSEurofirst is down 7.5 percent since the start of 2016.The euro zone's blue-chip Euro STOXX 50 index and Germany's DAX were both little changed, with ...

Markets - Equity - Europe

Oil tumbles 3 percent but stocks hold ground LONDON: Oil prices tumbled 3 percent on Monday and dragged the dollar down, but world stocks clung onto gains in a sign of stabilisation after a horrendous start to the year.Crude oil prices fell 3 percent as Iraq announced record-high oil production feeding into a heavily over supplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last Friday.That tumble briefly weighed on stocks, which recovered ground as hopes ...

Markets - Equity - Europe

FTSE 100 drifts lower, miners again on the back foot LONDON: Britain's blue-chip share index slipped on Monday, with a drop in energy shares on the back of a sharp fall in oil prices and weaker financial stocks putting pressure on the broader market.Kingfisher, Europe's largest home improvement retailer, fell 6.3 percent as investors reacted negatively to the cost of a plan to boost its profit. The plan will cost 800 million pounds over the next five years to deliver.The benchmark FTSE 100 index fell ...

Markets - Equity - Europe

European stock markets rise further at open LONDON: Europe's main stock markets rose at the start of trading on Monday, extending last week's late recovery.London's benchmark FTSE 100 index climbed 0.6 percent to 5,933.4 points compared with the close on Friday.In the eurozone, Frankfurt's DAX 30 index gained 0.3 percent to 9,790.4 points and the Paris CAC 40 won 0.7 percent in value to open at 4,365.2.Asian stock markets meanwhile rallied Monday and oil prices advanced once more as investors bet on ...