Europe
Monday, 22 April 2013 19:14
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LONDON: European stocks rose Monday with market focus on Asia, as the dollar spiked close to 100 yen after the G20 cautiously endorsed the Bank of Japan's huge stimulus measures, dealers said.In afternoon deals, London's benchmark FTSE 100 index of top companies rose 0.27 percent to 6,303.59 points, as investors also shrugged off Friday's news that Fitch had axed Britain's triple-A credit rating.Frankfurt's DAX 30 index gained 0.58 percent to 7,503.23 points and in Paris the CAC 40 won 0.38 percent to 3,664.85 points."With the G20 seemingly nodding its approval to Japan's aggressive monetary policy stance, Asian markets traded higher overnight, prompting buying in Europe," said analyst Matt Basi at trading firm CMC Markets UK.The best performing European market was Italy's FTSE MIB index, which soared 1.95 percent to 16,068.10 points on investor relief after the surprise re-election of President Giorgio Napolitano over the weekend.US stocks also opened slightly higher ...
LONDON: The Japanese yen weakened toward 100 to the dollar on Monday and shares rose after the G20 accepted Japan's bold stimulus policies, helping to counter the gloom over the global growth outlook.US stock index futures also pointed to a higher open on Wall Street, where the focus is on quarterly corporate results and whether these suggest further weakness ahead.In its communique after a two-day meeting, the G20 avoided any direct criticism of Japan's policies ...
LONDON: European equities advanced in opening trade on Monday, with London's benchmark FTSE 100 index of top companies up 0.24 percent at 6,301.99 points.Elsewhere, Frankfurt's DAX 30 climbed 0.75 percent to 7,516.06 points and in Paris the CAC 40 gained 0.65 percent to 3,675.54.Copyright AFP (Agence France-Presse), 2013 ...
OSLO: Norway stood a key steps toward environmentally sensitive Arctic area to oil and gas exploration when the ruling Labour Party signal the advancement on Sunday to an impact study. Exploration around the Lofoten islands just above the Arctic circle is becoming the most contentious issues for parliamentary elections in September. The picturesque area had been off limits because it is home to the world's richest cod stocks, with environmental groups and the tourism industry ...
FRANKFURT: Airbus parent EADS has signaled that shareholders can expect higher dividends in coming years as Europe's largest aerospace group moves out of a phase of high investments and leaves behind some problems of the past. "Formerly, EADS was more cautious in its payout policy and at the time that was appropriate due to uncertainties, for instance those concerning the A380 programme," Chief Financial Officer Harald Wilhelm told German daily Boersen-Zeitung. "The risk profile of ...
NEW YORK: World equity markets and oil prices rebounded on Friday in a relief rally after a selloff this week that was triggered by signs of sluggish global growth.A lockdown and citywide search for a suspect in the Boston Marathon bombing after another suspect was killed may have contributed to reduced trading volumes but did not appear to have an impact on prices.Brent crude oil stabilized above $99 a barrel in a second day of ...
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