05262016Thu
Last update: Thu, 26 May 2016 11pm

Europe

Markets - Equity - Europe

Stocks rally as Buffett boosts Apple, oil eyes $50 LONDON: World shares rose on Tuesday as technology giant Apple Inc's biggest rise in over two months and oil's march higher to within sight of $50 a barrel boosted investor demand for riskier assets at the expense of safe-haven bonds.The major European stock markets rose around 1 percent in early trading, following similar gains in Asia after Wall Street also chalked up a 1 percent rise on Monday.MSCI's index of global shares rose 0.4 percent , putting it on track for its second consecutive rise, something it has not managed in a month.Investors will be looking to see how long the rally is sustained for and whether Brent crude oil futures, at their highest level in almost six months, can break above $50 for the first time since Nov. 4."The strong finish for U.S. markets has seen a similarly positive European open today," said Michael Hewson, chief market analyst at ...

Markets - Equity - Europe

Miners help European shares to hit 2-week high LONDON: European shares hit a two-week high on Tuesday, with companies such as Taylor Wimpey and Vodafone gaining after their encouraging updates and miners tracking a rally in major industrial metals.The pan-European FTSEurofirst 300 was up 1 percent at 1,328.96 points by 0814 GMT after rising to 1,331.51, the highest since early May. However, the index, which closed flat in the previous session, is still down 7.5 percent this year.Miners were the top sectoral gainers, ...

Markets - Equity - Europe

Stocks rally as Buffett bites into Apple, oil eyes $50 LONDON: World shares rose on Tuesday as technology giant Apple Inc's biggest rise in over two months and oil's march higher to near $50 a barrel boosted investor demand for riskier assets at the expense of safe-haven bonds.MSCI's index of global shares rose 0.2 percent , putting it on track for its second consecutive rise, something it has not managed in a month.Europe's major stock markets rose as much as 1 percent before easing back, ...

Markets - Equity - Europe

Britain's FTSE reaches 2-week high as Taylor Wimpey surges LONDON: Britain's top equity index rose to a two-week high on Tuesday, lifted by gains in major mining stocks while housebuilder Taylor Wimpey also surged after announcing a special dividend payout. The blue-chip FTSE 100 index was up 0.9 percent at 6,206.95 points in early session trading, its highest level since the start of May.The FTSE held on to those levels after the publication of data showing that British inflation slipped in April for the ...

Markets - Equity - Europe

European stocks advance at open LONDON: European stock markets rose at the start of trading on Tuesday, drawing strength from rebounding oil prices, as Frankfurt returned for business after a long holiday weekend.In initial trade, London's benchmark FTSE 100 index won 0.5 percent to 6,184.42 points and the Paris CAC 40 added 0.3 percent to 4,325.11 compared with Monday's closing levels.Frankfurt's DAX 30 index rose 0.6 percent to 10,019.79 points compared with Friday's close, following a public holiday on Monday."A ...

Markets - Equity - Europe

European equities slide amid Frankfurt closure LONDON: European stock markets fell Monday on disappointing Chinese data, but trade was subdued owing to a holiday closure in Frankfurt.London stocks shed 0.4 percent, Madrid lost 1.0 percent and Paris dropped 0.8 percent, as investors fretted over fresh evidence of China's economic slowdown.Frankfurt will reopen for business on Tuesday."It was Monday Blues in European markets after weak economic data from China released over the weekend added to investor woes brought about by Wall Street ...

Markets - Equity - Europe

Britain's FTSE finishes higher on stronger miners LONDON: Britain's top share index ended higher on Monday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader equities market.The blue-chip FTSE 100 index closed 0.2 percent stronger at 6,151.40 points after gaining in the previous session. However, the benchmark index is still down about 1.5 percent so far this year.The UK mining index rose 2 percent after metals prices rose following a softer dollar and data ...