12072016Wed
Last update: Wed, 07 Dec 2016 07pm

Europe

Markets - Equity - Europe

Sterling rises vs dollar as US election jitters overshadow British data LONDON: Sterling rose against the dollar in nervous trade on Tuesday as Hillary Clinton and Donald Trump approached the finishing line in a tight US presidential election race. Last minute jitters over the vote overshadowed British industrial output data that showed an unexpected fall in September, while manufacturing growth picked up.The pound was up to $1.2413, regaining some of the ground it lost on Monday, when the dollar surged on growing expectations of a victory for Clinton, seen by markets as the status quo candidate. Polls have continued to put Clinton in the lead. But investors are mindful of the precedent of Britain's referendum on EU membership in June, which confounded the polls by delivering a shock vote for Brexit."The problem is the market has been complacent in the not too distant past, having left itself very exposed to Brexit which resulted in some very aggressive moves in the early ...

Markets - Equity - Europe

Singapore Exchange completes takeover of London's Baltic Exchange LONDON: Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound ($108 million) deal for one of London's oldest institutions, the groups said on Tuesday. The acquisition is one of the latest developments in a string of mergers, bidding wars and failed deals among global exchanges. SGX's offer also comes as the global shipping industry is struggling with its deepest downturn."The acquisition ... has been completed today as planned, ...

Markets - Equity - Europe

GLOBAL MARKETS-Stocks up but caution prevails as US election day dawns LONDON: Stocks edged up on Tuesday as world markets braced for the outcome of one of the most contentious US presidential elections in history, with trade largely driven by cautious expectations of a win for Democrat Hillary Clinton. The sharp swings of recent days across all asset classes gave way to a more subdued tone, with investors reluctant to make too many big bets as Americans prepared to vote. The dollar and bond yields slipped, ...

Markets - Equity - Europe

Emerging market stocks rally as US voting starts; China tempers optimism LONDON: Hopes of a US election victory for Democrat Hillary Clinton lifted emerging market equities for the second straight day on Tuesday, although currency gains stalled and Turkey's lira hit record lows against the dollar. Disappointing Chinese trade data and messy politics in some countries made some investors cautious on emerging market assets. Those assets have rallied in line with developed market stocks as Republican Donald Trump, with his controversial views on tax, immigration and ...

Markets - Equity - Europe

Global stocks cautious on US election day LONDON: Global stock markets treaded cautiously Tuesday, with Asia edging higher but Europe and US shares mostly dipping, as US voters chose a new president.Frankfurt and Paris both lost 0.1 percent in mid afternoon trading, while London inched 0.1 percent higher, with all eyes fixed on the poll pitting Democratic frontrunner Hillary Clinton against Republican Donald Trump."Blue-chips edged higher in lunchtime trading with many investors choosing to keep their powder dry ahead of the outcome ...

Markets - Equity - Europe

Britain's FTSE supported by AB Foods as US election looms LONDON: Britain's top share index was steady on Tuesday before the US presidential election, with better-than expected-results from Primark-owner AB Foods helping to support shares. AB Foods jumped 8.4 percent after the group said it expected to benefit from Britain's vote to leave the European Union and saw profits rising despite a weaker pound hurting margins at its British stores.The company's results beat analysts' average forecasts. It said next year's results would be helped by ...

Markets - Equity - Europe

European stocks wobble at open as election day arrives LONDON: Europe's main stock markets wobbled in cautious opening deals on Tuesday as election day finally arrives in the United States.In initial deals, London's benchmark FTSE 100 index rose by just 0.1 percent to stand at 6,815.18 points.In the eurozone however, Frankfurt's DAX 30 shed almost 0.1 percent to 10,449.52 points and the Paris CAC 40 index slipped nearly 0.2 percent to 4,454.58 compared with Monday's close.Most Asian markets extended gains on hopes Hillary Clinton ...