01182017Wed
Last update: Wed, 18 Jan 2017 10am

Europe

Markets - Equity - Europe

Global stock markets extend Fed bounce LONDON: Global stock markets firmed Friday as investors built on a rally sparked by the US Federal Reserve that sent the dollar hurtling to a 14-year euro peak.Gains were modest, with London, Frankfurt and Paris rising by up to 0.3 percent, while Wall Street edged 0.2 percent higher in early New York business.The Fed's rate hike and its indication of three more next year -- instead of the expected two -- has lit a fire under the greenback and global stocks.The European single currency however clambered back above $1.04 on Friday.The euro had slumped on Thursday to $1.0367 -- the lowest level since January 2003 -- as investors were attracted by the hawkish Fed stance."European equities are taking a pause for breath after the recent rally but the outlook looks pretty encouraging," said Nick Stamenkovic, independent market strategist at consultancy NFS Macro.Dealers said the greenback will remain well supported if ...

Markets - Equity - Europe

Bonds recover, Romanian CDS hits multi-month high on politics BUDAPEST: Central European government bonds firmed and Budapest stocks set a new record high on Friday as global markets calmed down after jitters caused by Wednesday's hawkish Federal Reserve comments.The Fed signalled faster interest rate hikes which would reduce the appeal of high-yielding emerging market assets.Sentiment improved as the dollar retreated from Thursday's 14-year highs against the euro and the US 10-year Treasury yield dropped from its highest levels since 2014.The forint led a firming ...

Markets - Equity - Europe

European stocks hold steady at open LONDON: European stocks steadied at the open on Friday with London's benchmark FTSE 100 index almost unchanged at 7,001.08 points.In the eurozone, Frankfurt's DAX 30 was also flat at 11,368.64, while the Paris CAC 40 drifted 0.1 percent lower to 4,815.35 compared with Thursday's close.Copyright AFP (Agence France-Press), 2016 ...

Markets - Equity - Europe

European stocks climb as Fed boosts bank sector LONDON: Europe's stock markets mostly advanced Thursday with solid gains across the banking sector after the US Federal Reserve hiked interest rates as expected -- and signalled three more rises next year.The news sent the dollar spiking against rival currencies as the hawkish prospect of more rate hikes cemented support for the greenback.The yield on 10-year US Treasury bonds hit the highest level since the summer of 2014, having already soared in the wake of ...

Markets - Equity - Europe

European shares move towards 11-month high on stronger banks LONDON: European shares rose on Thursday, helped by gains in global banks following the U.S. Federal Reserve's interest rate hike overnight, while growing corporate deal activity continued to underpin year-end optimism.The pan-European STOXX 600 was trading up 0.2 percent, inching back towards an 11-month high scaled earlier this week. The benchmark index is still down nearly 3 percent so far in 2016, but could close the year in positive territory if the market witnesses an ...

Markets - Equity - Europe

Britain's FTSE slips as gold miners drop, banks firm LONDON: UK shares retreated on Thursday, hit by a fall among mining companies after the U.S. Federal Reserve raised interest rates, though shares in banking stocks and Centrica rallied.The blue chip FTSE 100 index was down 0.2 percent at 6,935.65 points by 1009 GMT, underperforming the broader rally across European markets which was underpinned by gains in the banking sector.The U.S. Federal Reserve hiked interest rates by 25 basis points on Wednesday and signaled an ...

Markets - Equity - Europe

Countdown to first Fed hike in a year under way, but focus shifting to 2017 LONDON: World stocks and the US dollar edged lower, while government bond yields fell, with investors certain the Federal Reserve will lift interest rates for the first time in a year on Wednesday but less so about what it may do in 2017. European shares fell 0.4 percent and US stock futures were flat, suggesting a cautious start to Wall Street trading after Tuesday's stock market rally to all-time highs. Asian stocks outside Japan eked ...