06262016Sun
Last update: Sun, 26 Jun 2016 11pm

Europe

Markets - Equity - Europe

European stocks drop back to lowest level in around 4 months LONDON: European stocks fell on Thursday, with key regional equity indexes dropping towards their lowest level in nearly four months as concerns lingered over Britain's vote next week on its European Union membership.The pan-European STOXX 600 index fell 1.4 percent, while the European FTSEurofirst 300 index declined 1.3 percent, with both of those indexes near four-month lows.Shares in UBS and Credit Suisse underperformed with falls of more than 2 percent, after the Swiss National Bank (SNB) said those two banks would likely each need to raise an extra 10 billion Swiss francs ($10.4 billion) in capital to meet new leverage requirements.European equities also tracked losses on U.S. and Asian markets.U.S. stocks fell on Wednesday, with the U.S Federal Reserve having lowered its economic growth forecast and signalling it still planned two rate increases this year, even though the Fed put off an immediate rate hike.Fed Reserve Chair Janet Yellen acknowledged ...

Markets - Equity - Europe

European stocks resume slide at open LONDON: European stock markets headed south once more at the start of trading Thursday following a slump in Asia on worries about the global economic outlook.London's benchmark FTSE 100 index slid almost 1.0 percent to 5,909.23 points compared with the close on Wednesday, when European stocks had enjoyed a brief rebound following sharp losses early in the week.Frankfurt's DAX 30 index opened Thursday with a hefty 1.3 percent drop to 9,480.43 points. The Paris CAC ...

Markets - Equity - Europe

Assets rebound, jitters over British vote linger BUDAPEST/WARSAW: Central European assets mostly firmed on Wednesday, rebounding after a plunge the previous day prompted by concerns over the outcome of Britain's June 23 referendum on whether to stay in the European Union or leave.Equities were helped by MSCI's overnight decision not to add Chinese shares to its emerging market indices, a move that could have led to the selling of equities elsewhere to make way for Chinese names, analysts said.But regional markets are ...

Markets - Equity - Europe

Miners lead European shares up, Zodiac zooms higher LONDON: European shares rose on Wednesday after a five-day losing streak caused by jitters about next week's British referendum on European Union membership, with Zodiac Aerospace surging after posting higher sales.The pan-European FTSEurofirst 300 index was 1 percent higher by 1110 GMT, as was the pan-European STOXX 600 index.Both had fallen to their lowest levels in nearly four months on Tuesday and are down around 10 percent year to date. Mining stocks were among the ...

Markets - Equity - Europe

Miners lead European shares up, Zodiac zooms higher LONDON: European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week's British referendum on European Union membership, with Zodiac Aerospace surging after posting higher sales.The pan-European FTSEurofirst 300 index rose 1 percent, as did the pan-European STOXX 600 index. Both had fallen to their lowest levels in nearly four months on Tuesday and are down around 10 percent year to date.Mining stocks were among the best performers, with ...

Markets - Equity - Europe

Shares rise as Fed expectations soothe Brexit fears LONDON: European shares rose and sterling gained against the dollar and yen on Wednesday as expectations of dovish words from the U.S. Federal Reserve soothed investors on edge over whether Britain will vote to leave the European Union.Worries that Britain, the world's fifth-largest economy, could quit the EU after June's 23 referendum have dominated markets this week and driven investors towards safe-haven assets such as gold and the Swiss franc.Several recent opinion polls have put ...

Markets - Equity - Europe

Russian assets rebound, tracking broader stabilisation MOSCOW: Russia's assets firmed on Wednesday, following the stabilisation of currency markets ahead of the U.S. Federal Reserve's policy review later in the day.At 0722 GMT, the rouble was 0.3 percent stronger against the dollar at 65.95 and had also gained 0.3 percent to trade at 73.96 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.9 percent at $49.36 a barrel. But the broad emerging markets index traded 0.5 ...