Europe
Thursday, 25 April 2013 18:53
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LONDON: European stock markets were mixed on Thursday in the wake of recent strong gains as traders reacted to news of soaring Spanish unemployment and surprising British growth figures, while earnings updates from major pharmaceuticals were also in focus.Indices had enjoyed large gains during the previous two days on growing expectations of an interest rate cut by the European Central Bank.London's FTSE 100 index of leading companies dipped 0.07 percent to stand at 6,427.19 points in afternoon deals on Thursday.Frankfurt's DAX 30 grew 0.18 percent to 7,773.21 points and in Paris the CAC 40 sank 0.38 percent to 3,828.30 points.Madrid's IBEX 35 slid by 1.21 percent to 8,287.9 points however after official data showed Spain's unemployment rate soared to a new record of 27.16 percent of the workforce in the first quarter of 2013 and the number of those without jobs surpassed six million.In foreign exchange trade, the euro climbed ...
LONDON: Europe's main stock markets extended gains on Wednesday on growing expectations of an interest rate cut by the ECB following poor German economic data.London's FTSE 100 index of leading companies rose 0.21 percent to stand at 6,419.49 points in afternoon deals, while Frankfurt's DAX 30 climbed 0.60 percent to 7,703.97 points and in Paris the CAC 40 won 0.97 percent to 3,819.89 points.In foreign exchange trade, the euro dipped to $1.2990 from $1.2997 late ...
LONDON: Britain's top share index hit three week highs on Wednesday, with weak German data bolstering expectations of a rate cut in the euro zone and sending investors into equities in search of yield.German business morale, as measured by the keenly-watched Ifo index, tumbled in April, missing even the most pessimistic economist's forecast.Although signs of weakness in the euro zone economy are bad news for British companies given strong trade links, equity markets put a ...
LONDON: European stock markets advanced solidly Tuesday as traders brushed aside weaker-than-expected economic data out of Germany and China to focus on positive earnings news, analysts said.London's FTSE 100 index of leading companies rose 0.96 percent to stand at 6,340.20 points approaching midday.Frankfurt's DAX 30 won 0.78 percent to 7,535.76 points and in Paris the CAC 40 jumped 1.83 percent to 3,719.08.In foreign exchange deals, the euro fell to $1.2986 from $1.3059 late on Monday ...
SAO PAULO: Brazilian stocks climbed on Monday as investors piled back in to troubled oil firm OGX on reports of a stake sale.Mexico's IPC index edged higher, while Chile's bourse fell 0.32 percent.Brazil's benchmark Bovespa stock index rose for the third day in a row, adding 0.68 percent to 54,297.73.Shares of OGX Petroleo e Gas Participa??es SA, the oil company controlled by Brazilian billionaire Eike Batista, soared nearly 20 percent, driving the index into positive ...
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 ...
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 ...
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