05272016Fri
Last update: Fri, 27 May 2016 05am

Europe

Markets - Equity - Europe

Britain's FTSE finishes higher on stronger miners LONDON: Britain's top share index ended higher on Monday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader equities market.The blue-chip FTSE 100 index closed 0.2 percent stronger at 6,151.40 points after gaining in the previous session. However, the benchmark index is still down about 1.5 percent so far this year.The UK mining index rose 2 percent after metals prices rose following a softer dollar and data showing an improvement in China's property sector, offsetting several softer gauges of the country's economy that had raised concerns over the demand prospects for industrial metals."Miners are rallying on stronger metals prices and brokers too are generally turning somewhat positive," Jawaid Afsar, senior trader at Securequity, said."A weaker dollar could support the market further, but a further strong rally in the near term seems challenging given the pace of economic growth in top metals consumer ...

Markets - Equity - Europe

European equities slide but Buffett boosts Wall Street LONDON: European stock markets fell Monday on disappointing Chinese data, but news billionaire investor Warren Buffett has taken a $1-billion bite into Apple helped push Wall Street higher.London stocks shed 0.4 percent, Madrid lost 1.1 percent and Paris dropped 0.6 percent, as investors fretted over fresh evidence of China's economic slowdown.Trade was subdued however owing to a holiday closure in Frankfurt."It was Monday Blues in European markets after weak economic data from China released over ...

Markets - Equity - Europe

Britain's FTSE slips, Brexit worries weigh on British Land Company LONDON: UK shares slipped on Monday as concerns surrounding Britain's European Union referendum weighed on British Land Company, though a rise in mining stocks helped to offset losses.The FTSE 100 index retreated 0.3 percent to 6,121.63 points by 0910 GMT, slightly outperforming the broader European market.The declines were broad-based, with property developer British Land among the top fallers, down 1.7 percent after reporting results.While the company posted a rise in its full-year portfolio value, investors ...

Markets - Equity - Europe

Britain's FTSE slips, Brexit worries weigh on British Land Company LONDON: UK shares slipped on Monday as concerns surrounding Britain's European Union referendum weighed on British Land Company, though a rise in mining stocks helped to offset losses.The FTSE 100 index retreated 0.3 percent to 6,121.63 points by 0910 GMT, slightly outperforming the broader European market.The declines were broad-based, with property developer British Land among the top fallers, down 1.7 percent after reporting results.While the company posted a rise in its full-year portfolio value, investors ...

Markets - Equity - Europe

European shares drop, oil jumps on Goldman view LONDON: European shares fell in subdued, holiday-squeezed trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains.Wall Street appeared set to open flat to marginally higher, according to index futures.The yen fell against the dollar, helping Tokyo stocks higher, while Irish government bonds outperformed other euro zone sovereign debt, pushing borrowing costs to a one-month low after the once bailed-out country regained ...

Markets - Equity - Europe

European shares sag as Eutelsat and Drax drop MILAN: European shares fell on Monday with satellite operator Eutelsat and power station company Drax slumping after broker downgrades.Leading investment bank Morgan Stanley also advised investors to stick with "defensive" stocks, namely those with solid dividends and cashflow, given signs that the market environment would remain difficult for this year.The pan-European FTSEurofirst 300 index was down 0.4 percent. Volumes were thin with the German and Swiss markets closed for a public holiday.Eutelsat, which plunged 27.6 ...

Markets - Equity - Europe

European stocks drop at open amid Frankfurt closure LONDON: Europe's main stock markets fell in subdued deals at the start of trading on Monday, but Frankfurt was shut for a holiday.London's benchmark FTSE 100 index slid 0.5 percent to 6,106.33 points, and the Paris CAC 40 index shed 0.7 percent to 4,290.65 compared with Friday's closing level.Copyright AFP (Agence France-Presse), 2016 ...