09262016Mon
Last update: Mon, 26 Sep 2016 06am

Europe

Markets - Equity - Europe

Britain's FTSE set for third straight month of gains LONDON: UK shares steadied on Wednesday as weakness in mining shares outweighed gains by banks, though the FTSE 100 remained on track to post its third monthly gain in a row.The blue chip FTSE 100 index flat in percentage terms at 6,819.35 points by 0847 GMT, slightly underperforming the broader European market.Banking stocks Barclays, Royal Bank of Scotland , HSBC Holdings and Lloyds Banking Group all rose 1.3 percent to 2.4 percent after a series of encouraging reports on the British economy.The latest showed British consumer morale in August recovered somewhat from the slump that followed Britain's vote to leave the European Union. Another, from mortgage lender Nationwide, said house price rises picked up speed more than expected in August .The house price data buoyed housebuilder Berkeley Group , which led the day's gains with a 2.5 percent rise, despite worries that it could be relegated from the FTSE 100 ...

Markets - Equity - Europe

US 10-year yield on course for biggest monthly rise in over a year LONDON: Bond yields rose on Wednesday, with 10-year US Treasury yields on course for their biggest monthly rise in over a year as investors continued to build up bets that the Federal Reserve will raise interest rates before the year is out.The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen.The increase in market-based rates and a ...

Markets - Equity - Europe

European shares steady, Commerzbank up on merger report LONDON: European equities steadied in early trading on Wednesday after setting a two-week high in the previous day, with gains in companies such as Commerzbank and Bouygues offsetting weaker miners.The pan-European STOXX 600 index was trading flat in percentage terms by 0726 GMT after climbing to its highest level since the middle of August on Tuesday. The index headed for its second straight month of gains.Commerzbank rose around 4 percent, the top gainer in the ...

Markets - Equity - Europe

US stocks rise on Fed rate hike talk PARIS: US shares rose Monday with investors' mood bouyed by hints from the US Federal Reserve of an interest rate hike because of strong growth.Elsewhere, traders seemed less certain, with most world stock markets dipping as they tried to second-guess the Fed's timing of its next rate rise.In a much-scrutinised speech, Fed chief Janet Yellen on Friday hinted at a US interest rate rise by the end of the year.Yellen said a pick-up in the ...

Markets - Equity - Europe

European shares lower on US rate hike expectations, Alstom up MILAN: European shares fell on Monday as top Federal Reserve officials bolstered expectations for a US rate hike this year, while Alstom bucked the weaker trend after a contract win.The pan-European STOXX 600 index fell 0.2 percent, giving up some of the gains seen in the previous session, while a holiday closure of UK markets kept activity low.At the Fed's annual gathering for global central bankers on Friday, Fed Chair Janet Yellen said the case ...

Markets - Equity - Europe

US rate guesswork weighs on stock markets PARIS: Stock markets across the world dipped Monday as investors tried to second-guess the US Federal Reserve on the timing of its next interest rate hike.Tokyo, however, was the exception with stocks there soaring on a weaker yen.In a much-scrutinized speech, Fed chief Janet Yellen on Friday hinted at a US interest rate rise by the end of the year.Yellen said a pick-up in the world's top economy and an improvement in the jobs market ...

Markets - Equity - Europe

US rate guesswork weighs on stock markets PARIS: Stock markets across the world dipped Monday as investors tried to second-guess the US Federal Reserve on the timing of its next interest rate hike.Tokyo, however, was the exception with stocks there soaring on a weaker yen.In a much-scrutinized speech, Fed chief Janet Yellen on Friday hinted at a US interest rate rise by the end of the year.Yellen said a pick-up in the world's top economy and an improvement in the jobs market ...