05052016Thu
Last update: Thu, 05 May 2016 11pm

Europe

Markets - Equity - Europe

ICE says no bid for London Stock Exchange NEW YORK: US-based global markets operator Intercontinental Exchange said Wednesday it had decided not to make an offer for the London Stock Exchange, which has agreed to merge with Deutsche Boerse."ICE determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination," the company said in a statement."Therefore, ICE has confirmed that it has no current intention to make an offer for LSEG."ICE, owner of the New York Stock Exchange, had said in early March that it was considering a bid for the London Stock Exchange Group, which owns the London and Milan exchanges.LSEG said in March that it intended to merge with Deutsche Boerse, which manages the Frankfurt stock exchange.A tie-up between the two big European exchange operators would create one of the world's largest exchanges.Shares in ICE advanced 3.4 percent to $249.20 in pre-market trade.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

European shares dip at open LONDON: Europe's main stock markets eased at the start of trading on Wednesday in a steadier performance following the previous session's heavy falls.London's benchmark FTSE 100 index dipped 0.1 percent to 6,180.46 points compared with Tuesday's close.In the eurozone, Frankfurt's DAX 30 index was almost flat at 9,926.77 points and the Paris CAC 40 fell 0.2 percent in value to open at 4,365.20.European and US stocks fell sharply Tuesday, with Frankfurt slumping 1.9 percent, as ...

Markets - Equity - Europe

Banks rattle European stocks LONDON: European stock markets slumped on Tuesday, dragged down by disappointing bank results, as the EU cut its forecast for eurozone growth.But the euro still managed to reach an eight-month high against the dollar, which tumbled also versus the yen on dwindling prospects of a further hike in US interest rates any time soon, according to analysts.Weak earnings updates from German titan Commerzbank and Swiss lender UBS were partly offset by better-received numbers out of ...

Markets - Equity - Europe

Stocks slide as yen, euro gains question policy thrust LONDON: The dollar slid to its lowest against major currencies in well over a year on Tuesday, a move led by further gains in the yen that threw an uncomfortable spotlight on central banks' attempts to boost growth through aggressive policy easing. Australia's central bank joined the growing line of those adding stimulus, surprising many investors by cutting interest rates to a record low of 1.75 percent.That hit the currency but lifting the country's shares. ...

Markets - Equity - Europe

Miners weigh on European shares, Commerzbank falls after results LONDON: European shares fell on Tuesday, with Commerzbank leading the market lower after a profit slump, while mining stocks weakened as they tracked a decline in metals prices. Commerzbank shares fell 6.4 percent after the German bank posted a 52 percent drop in first-quarter net profit, hit by volatile capital markets and the drag on earnings from low interest rates.However, HSBC rose 2.9 percent after Europe's biggest bank reported a smaller than expected fall in ...

Markets - Equity - Europe

German shares help European equities edge ahead; Italy banks drop MILAN/LONDON: European shares edged up on Monday after sharp declines in the previous session, with German shares outperforming the broader market after a positive manufacturing survey. However, Italian banks fell after the latest government measures aimed at tackling the sector's pile of bad loans fell short of expectations. Trading volumes were thin as the UK market and other bourses in Europe were closed for a public holiday. The euro zone's blue-chip Euro STOXX 50 index ...

Markets - Equity - Europe

Auto stocks help Europe drive higher, shrug off Japan-led Asia losses PARIS: European shares pushed higher Monday in holiday-thinned trading with shares in car manufacturers leading the way, despite a sharp drop in Tokyo as a surging yen hit exporters."European equities are trading mostly higher in afternoon action, though volume is lighter than usual with U.K. markets closed for a holiday," said market analysts at Charles Schwab.Germany's DAX 30 climbed 1.1 percent, while France's CAC 40 rose 0.4 percent in afternoon trading."Automakers are moving higher to ...