07282016Thu
Last update: Thu, 28 Jul 2016 12am

Europe

Markets - Equity - Europe

Stronger miners lead Britain's FTSE to 11-month highs LONDON: Britain's top share index climbed to an 11-month high on Monday, with a rally in mining companies on the back of stronger metals prices and expectations of further monetary easing by the Bank of England helping the market.Financials and property-related stocks, hit hard after last month's landmark referendum in Britain to leave the European Union, were also back in demand.The FTSE 100 index, many of whose constituents have big international operations, was up 0.5 percent at 6,623.05 points by 0824 GMT after rising to 6,639.49, a level not seen since last August.The benchmark index is up nearly 5 percent since its close a day before the result of the EU referendum in Britain in late June. However, in U.S. dollar terms, it is down about 9 percent because of a slump in the value of sterling.The domestically-focused mid-cap FTSE 250 was up 1.1 percent on Monday. But it is ...

Markets - Equity - Europe

European stocks climb at open LONDON: Europe's main stock markets rose solidly at the start of trading on Monday, building on sharp gains won before the weekend pause thanks to a strong US jobs report.London's benchmark FTSE 100 index gained 0.7 percent compared with Friday's close to open at 6,635.36 points. In the eurozone, Frankfurt's DAX 30 jumped 1.2 percent to 9,744.80 points and the Paris CAC 40 advanced 0.7 percent to 4,221.22.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Worries over China, Brexit push Treasury yields to record low LONDON: Investors pushed US government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain's vote to leave the European Union.As a fresh wave of uncertainty ripped through markets, Swiss bond yields turn negative all the way out to 50 years on bets that the world's major central banks will have to wade in with yet more stimulus.European shares ...

Markets - Equity - Europe

World stocks slip as post-Brexit rally fades LONDON: European stocks extended losses Tuesday and a week-long rally in Asia finally came to an end with traders cashing in profits while keeping a nervous eye on a brewing crisis in Italy's banking industry.Shares worldwide had pushed higher since last week after a string of major central banks promised they would shore up financial markets to protect them against any negative fallout from Britain's decision to leave the European Union.There were also hopes one ...

Markets - Equity - Europe

Britain's FTSE falls for 2nd day as miners and REITs slip LONDON: Britain's top share index fell for a second straight day on Tuesday, with miners tracking weaker metals, and real estate investment trusts (REITs) coming under pressure after Standard Life Investments suspended trading in its UK real estate fund.The company said late on Monday that the decision was taken after an increase in redemption requests due to uncertainty following the EU referendum result. It said the suspension would end as soon as practicable and would ...

Markets - Equity - Europe

European stocks diverge at open LONDON: Europe's main stock markets were mixed at the start of trading on Tuesday following the previous session's losses.London's benchmark FTSE 100 index gained almost 0.2 percent compared with Monday's close to open at 6,532.70 points. In the eurozone, Frankfurt's DAX 30 dropped 0.6 percent to 9,656.05 points and the Paris CAC 40 slipped 0.7 percent to 4,203.97.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

FTSE's post-Brexit recovery falters as property stocks weaken LONDON: Britain's top shares index retreated from a 10-month high on Monday as weaker property and housebuilding stocks weighed on the market and halted its rebound from a slump caused by the United Kingdom's decision to leave the European Union.The blue-chip FTSE 100 index, which rose in the past four straight sessions, closed 0.8 percent lower at 6,522.26 points, after climbing to its highest level since August 2015 earlier in the day. While the FTSE ...