07272016Wed
Last update: Wed, 27 Jul 2016 12pm

Europe

Markets - Equity - Europe

Polish pension plan hits stocks, zloty weakens BUDAPEST/WARSAW: Poland led a decline in Central European stocks on Monday after the government announced a sweeping pension reform including the assets managed by private pension funds.The plan triggered worries that demand for equities from the state-guaranteed funds - known as OFE in Poland - and key players in the bourse could be hit, similar to the impact of an overhaul three years ago.The bourse's bluechip index fell 1.2 percent by 1308 GMT, halving their early loss but still well underperforming indexes in the region and in Europe, with PKO BP bank shedding 2.6 percent.Deputy Prime Minister Mateusz Morawiecki said the plan, expected to be launched in 2018, will oblige companies to create pension schemes for their employees and pension assets held by OFE funds would be transferred to voluntary personal savings accounts and the state demographic reserve fund.Polish stocks rebounded from early lows as the details of the plan ...

Markets - Equity - Europe

Britain's FTSE 100 rises to build on post-Brexit recovery LONDON: Britain's top shares index rose on Monday, as firmer mining stocks helped the market build on last week's recovery from a slump caused by the UK's decision to leave the European Union. The blue-chip FTSE 100 index, which had risen in the four previous sessions, was up 0.1 percent at 6,583.67 points in early session trading, having earlier touched its highest level since August 2015.Mining stocks were among the best performers, helped by a ...

Markets - Equity - Europe

Miners prop up European shares but post-Brexit rally loses momentum MILAN: European shares were little changed on Monday with gains among mining stocks on the back of stronger metal prices offset by weakness in the battered banking sector.The pan-European STOXX 600 index was 0.1 percent down by 0806 GMT, after gaining 7.6 percent in the past four sessions, and the FTSEurofirst 300 was up 0.05 percent.Stocks rose last week on hopes that the European Central Bank would step in to support markets, easing concerns over ...

Markets - Equity - Europe

Miners help European shares rise for fifth straight day MILAN: European shares rose for a fifth straight session on Monday with gains among mining stocks helping the market extend last week's rally on the back of higher metal prices.The pan-European STOXX 600 index rose 0.4 percent by 0705 GMT, while the FTSEurofirst 300 gained 0.4 percent.Stocks rose last week on hopes that the European Central Bank would step in to support markets, easing concerns over any fallout from Britain's decision last month to leave ...

Markets - Equity - Europe

Britain's FTSE 100 rises to build on post-Brexit fightback LONDON: Britain's top shares index rose on Monday, as firmer mining stocks helped the market build on last week's recovery from a slump caused by Britain's decision to leave the European Union.The blue-chip FTSE 100 index, which had risen in the four previous sessions, was up 0.4 percent at 6,600.70 points in early session trading - its highest level since August 2015.Mining stocks were among the best performers, helped by a rise in London copper ...

Markets - Equity - Europe

European stocks rise at open LONDON: Europe's main stock markets gained at the start of trading Monday, with investors' attention this week set to be fixed firmly on the fallout from Brexit and US jobs data. London's benchmark FTSE 100 index gained almost 0.4 percent compared with Friday's close to open at 6,600.98 points. In the eurozone, Frankfurt's DAX 30 grew 0.2 percent to 9,797.66 points and the Paris CAC 40 won 0.3 percent to 4,288.50."Brexit will remain the dominant ...

Markets - Equity - Europe

European stocks push higher at open PARIS: Europe's main stock markets pushed higher at the opening bell on Friday as shares basked in the prospect of more stimulus to ward off a Brexit-induced economic slowdown.London's FTSE 100 added 0.4 percent to 6,530.05, building on the 2.3 percent gain made Thursday after Bank of England governor Mark Carney suggested monetary easing may be required this summer.In Paris, the CAC 40 climbed 0.6 percent to 4,261.09 points and Frankfurt's DAX 30 shot up ...