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Last update: Tue, 03 May 2016 02am

Europe

Markets - Equity - Europe

Emerging markets resume rally as oil rises; stocks at 5-1/2 month highs  LONDON: Emerging market assets resumed their recent rally on Tuesday as oil prices recovered, with stocks at 5-1/2 month highs and currencies strengthening across the board while Argentina wowed markets with its bond market return.MSCI's emerging equity index rose 0.6 percent, as 2 percent gains on Russian dollar stocks added to earlier Asian gains and bourses across most of Eastern Europe climbed around 1 percent.Investors were taking heart from oil prices rising 0.8 percent following four days of losses, which culminated in crude prices dropping as much as 7 percent on Monday after a botched meeting of oil exporters in Qatar.For some, like Bank of America Merrill Lynch, it is time to revise bearish emerging market views."Investors should get out of the bunker and off the fence and make a longer-term bullish commitment to both Asia ex-Japan and EM equities," BAML analysts told clients, adding they were now "structurally bullish" ...

Markets - Equity - Europe

European shares hit 3-month high on positive company updates LONDON: European equities climbed to a three-month high on Tuesday, with a rally in commodities-related stocks and encouraging updates from companies such as French cosmetics firm L'Oreal and advertising group Publicis .L'Oreal rose 4.7 percent as it pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.At 1048 GMT, the pan-European FTSEurofirst 300 index was up 1.2 percent ...

Markets - Equity - Europe

Britain's FTSE hits 4-month high as miners rally LONDON: Britain's benchmark stock market index rose to its highest level in four months on Tuesday, lifted by stronger mining and banking stocks.The blue-chip FTSE 100 index was up 23.23 points, or 0.4 percent to 6,376.75 points, having hit a high of 6,418.25 - a new peak for 2016 and its highest level since early December 2015.Mining stocks such as Anglo American and BHP Billiton advanced on the back of supportive economic signals coming out ...

Markets - Equity - Europe

Stocks rise as strike in Kuwait lifts oil prices LONDON: Global stocks reached their highest levels since early December on Tuesday as oil prices rose, driven by a strike in Kuwait, and signs of economic stabilisation in China improved demand for risky assets.MSCI's All Countries World Index, which tracks shares in 45 countries, rose as high as 407.45 points, its highest since Dec. 7, on strong gains in Europe and Asia.Wall Street looked set to join the party, with index futures suggesting stocks would ...

Markets - Equity - Europe

European stock markets rise at open in global rally LONDON: Europe's main stock markets rose at the start of trade on Tuesday, extending a global rally despite lingering disappointment over failed Doha oil output talks.In initial deals, London's benchmark FTSE 100 index increased by almost 0.3 percent to 6,370.75 points.In the eurozone, Frankfurt's DAX 30 index added nearly 0.5 percent to 10,170.18 points, and the Paris CAC 40 gained 0.3 percent to 4,506.84 compared with Monday."European equities are trading moderately higher this morning, seeing ...

Markets - Equity - Europe

Britain's FTSE recovers to end higher, miners support LONDON: Britain's top share index ended slightly higher on Monday after losses earlier in the session, with a late recovery in prices of major industrial metals supporting basic resources stocks.The blue-chip FTSE 100 index ended 0.2 percent higher at 6,353.52 points, after falling as much as 6,261.71 points after energy shares slumped following the failure of oil producers to reach agreement to freeze crude oil output.The UK mining index rose 1.4 percent as copper prices ...

Markets - Equity - Europe

Energy shares drag FTSE lower after Doha deal disintegrates LONDON: Britain's top share index came under pressure on Monday after major oil producers failed to reach an agreement to freeze output over the weekend, sending shares in energy stocks lower.Oil & gas companies were the top sectoral fallers after a deal to freeze oil output by OPEC and non-OPEC producers broke down on Sunday, sending oil prices tumbling.OPEC's de facto leader Saudi Arabia demanded that Iran, which was absent from the talks, join the ...