05302016Mon
Last update: Mon, 30 May 2016 12am

Europe

Markets - Equity - Europe

EM stocks hover off 10-day highs, $50 oil supports LONDON: Emerging stocks hovered near 10-day highs on Thursday as oil price gains lifted markets in Russia and other oil producers, while hopes of a currency devaluation pushed Nigerian stocks to new 4-1/2 month highs.Emerging assets have pushed higher this week helped by a strong performance on Wall Street and other developed markets, while oil prices have risen back above $50 a barrel for the first time in nearly seven months.Higher oil boosted crude producers, with Russian dollar-denominated stocks up around one percent, and gains across Middle Eastern bourses.The rouble firmed 0.2 percent and neighbouring oil producer Kazakhstan's tenge strengthened almost one percent against the dollar.Russia sold $1.75 billion in 10-year eurobonds on Tuesday, although the issue was hampered by liquidity concerns.One market participant said the bond was trading at around 100.9375-101.125 on Thursday in "good volumes", after rising more than one percentage point on Wednesday to close at 100.90."It's ...

Markets - Equity - Europe

European equities stable at open LONDON: European stock markets steadied at the start of trading on Thursday, with London's FTSE 100 index adding almost 0.1 percent to 6,268.35 points.Frankfurt's DAX 30 index also gained nearly 0.1 percent to 10,213.87 points, while the Paris CAC 40 eased 0.1 percent lower to 4,478.17 compared with Wednesday's close.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Emerging stocks hit one-week high, Turkey assets fall LONDON: Emerging stocks surged on Wednesday, tracking gains on Western markets for their biggest daily rise in eight weeks, though currencies broadly fell, with the Turkish lira slipping from two-week highs. MSCI's emerging market index jumped 1.6 percent to a one-week high, with Asian and European bourses booking solid gains and Russian dollar-stocks up more than 2 percent. Upbeat US home sales, coming on the heels of a raft of positive data, reinforced investors' positive ...

Markets - Equity - Europe

Polish bonds rebound on solid auction BUDAPEST/WARSAW: Government bonds rebounded in Warsaw on Wednesday as an auction drew solid demand amid signs of an easing of a constitutional standoff with Brussels.Poland's 10-year government bond yield had earlier touched a 3-week high at 3.119 percent amid expectations of a US Federal Reserve interest rate hike that weighed on debt markets across central Europe.But analysts said demand was higher than expected when the finance ministry offered 2-4 billion zlotys worth of bonds at ...

Markets - Equity - Europe

Stocks climb as Brexit, Grexit risks ease LONDON: Easing concerns over several major global risks helped stock markets rise robustly for a second day on Wednesday, underpinned by gains in oil and metals prices and data showing the U.S. economy can deal with a hike in interest rates.Traders say several polls showing Britain will vote strongly to stay in the European Union in a referendum in June have done more than just support sterling, up 5 percent in trade-weighted terms from lows ...

Markets - Equity - Europe

European shares hit new 4-week high, Novo Nordisk leads LONDON: European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners.The pan-European FTSEurofirst 300 index was up 0.7 percent in early dealings, with the index briefly touching its highest level since late April.Novo Nordisk rose 3 percent, the top FTSEurofirst 300 gainer, after the U.S. Food & Drug Administration (FDA) ...

Markets - Equity - Europe

Britain's FTSE climbs as banks and miners rise, M&S slumps LONDON: Britain's top shares index climbed on Wednesday towards its highest level in nearly a month, lifted by gains at major banks and miners, although retailer Marks & Spencer slumped after a trading update.The blue-chip FTSE 100 index was up 0.5 percent at 6,251.47 points, near its highest level in around a month.Banks across Europe rose after the euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a ...