08302016Tue
Last update: Tue, 30 Aug 2016 06am

Europe

Markets - Equity - Europe

China shares hit 7-month high; world yields keep falling LONDON: World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan's economic growth had ground to a halt last quarter, while oil prices extended their latest rally.Europe's main bourses in London, Frankfurt and Paris were up 0.4-0.6 percent after four weeks of gains in the last five, while the E-mini futures for the S&P 500 ticked up 0.2 percent.China stood out in Asia as the blue-chip CSI300 Index jumped 3.3 percent to a seven-month high amid speculation more stimulus would be forthcoming from Beijing after a raft of weaker-than-expected July data."The big complacency is back again in some sense. It is all a bit easy," said SEB investment management head of global asset allocation Hans Peterson."Luckily we went quite long of risk after Brexit and now we have taken a bit off... Technically one should note that volatility is ...

Markets - Equity - Europe

European stocks lifted to 7-week highs by pharma shares LONDON: European stocks climbed to their highest level in seven weeks on Monday, lifted by firmer healthcare stocks after Belgian pharmaceuticals group UCB won a favourable U.S. court ruling.The pan-European STOXX 600 index advanced 0.3 percent to 347.26 points, its highest level since late June, before markets slumped in the immediate aftermath of Britain's shock "Brexit" vote to quit the European Union.While the STOXX 600 index remains down by around 5 percent since the start ...

Markets - Equity - Europe

Britain's FTSE at fresh 14-month high, though Sage Group slips LONDON: UK shares rose on Monday, touching a fresh 14-month high after oil stocks rallied, though shares in Sage Group fell after a data breach.The blue chip FTSE 100 index was up 0.2 percent at 6,929.69 points by 0905 GMT, in line with a rally in the broader European market.Sage Group dropped 1.1 percent, slipping from a 16-year high after the business software firm said that an internal login had been used to gain unauthorised ...

Markets - Equity - Europe

FTSE at fresh 14-month high, though Sage Group slips LONDON: UK shares rose on Monday, touching a fresh 14-month high after oil stocks rallied, though shares in Sage Group fell after a data breach. The blue chip FTSE 100 index was up 0.2 percent at 6,929.69 points by 0905 GMT, in line with a rally in the broader European market.Sage Group dropped 1.1 percent, slipping from a 16-year high after the business software firm said that an internal login had been used to gain ...

Markets - Equity - Europe

European stocks steady at open LONDON: European stock markets stabilised at the start of trading on Monday, with London's benchmark FTSE 100 index essentially flat at 6,914.43 points.In the eurozone, Frankfurt's DAX 30 was almost unchanged at 10,719.14 points, while the Paris CAC 40 added nearly 0.1 percent to open at 4,503.65 compared with the close on Friday.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

European stocks dip at open LONDON: European stock markets dipped at the start of trading on Friday after finishing the previous session with solid gains.London's benchmark FTSE 100 index eased 0.1 percent to 6,906.38 points compared with the close on Thursday.In the eurozone, Frankfurt's DAX 30 lost 0.2 percent to 10,718.33 points and the Paris CAC 40 fell 0.1 percent to open at 4,501.06.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

European shares hit 2-month closing high on strong earnings LONDON: European shares hit a two-month closing high on Thursday, with companies such as scents and flavours maker Symrise and consumer group Henkel hitting record highs after strong results and encouraging updates. Henkel rose 5 percent as its results beat expectations and it lifted its guidance for its core profit margin. It was the top riser in Germany's DAX, which gained 0.9 percent. Symrise shares rose 5.5 percent after first-half sales surged 16 percent to ...