07282016Thu
Last update: Thu, 28 Jul 2016 09pm

Europe

Markets - Equity - Europe

European shares pushed up by healthcare and consumer stocks LONDON: Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, partly offsetting persistent concerns over the region's banking system. The pan-European STOXX 600 index closed up 0.1 percent, while the similar FTSEurofirst 300 index advanced 0.2 percent. Healthcare stocks outperformed to add the most points to the market, with Danish insulin maker Novo Nordisk climbing 2.9 percent after brokerage Nordea forecast another boost for the company's Victoza diabetes product.Some consumer goods and leisure stocks also outperformed, with Hermes, drinks maker Campari and sportswear company Adidas all touching record highs. Berkeley Futures associate director Richard Griffiths said those stocks were benefiting from being considered as relative "safe havens", given the market uncertainty following Britain's shock vote in June to quit the European Union.Other traders added that record low interest rates in the euro zone were helping consumer goods companies as lower rates could encourage people to ...

Markets - Equity - Europe

Deutsche Boerse shareholders back London Stock Exchange merger FRANKFURT: The Frankfurt stock exchange Deutsche Boerse on Tuesday said its shareholders had backed a planned merger with the London Stock Exchange (LSE) to create a new global player.Earlier this month Deutsche Boerse lowered the threshold for shareholder support needed for the tie-up to 60 percent from 75 percent, removing a potential spanner in the works for the deal following Britain's vote to leave the European Union.The 60-percent level was breached several hours before the ...

Markets - Equity - Europe

European shares propped up by healthcare and consumer stocks MILAN/LONDON: Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, offsetting persistent concerns over the region's banking system.The pan-European STOXX 600 index edged up 0.1 percent going into the close of trading, as did the similar FTSEurofirst 300 index.Healthcare stocks outperformed to add the most points to the market, with Danish insulin maker Novo Nordisk climbing 3 percent after brokerage Nordea forecast another boost for the company's Victoza diabetes product.Some ...

Markets - Equity - Europe

Britain's FTSE supported by positive company updates LONDON: Britain's top share index ended slightly higher on Tuesday, driven by gains in lender Provident Financial engineering firm GKN and BT, though housebuilders fell after a series of price target cuts.The blue chip FTSE 100 index closed 0.2 percent higher at 6,724.03 points. The index is up about 16 percent since a post-Brexit slump, but is up only 12 percent in dollar terms because of a sharp decline in the sterling.The market was underpinned ...

Markets - Equity - Europe

Yen jumps before Bank of Japan meeting, oil slides LONDON: A buoyant yen and oil prices at their lowest in three months kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates.U.S. equity markets fell while stocks in Europe traded slightly above break-even as gains in major healthcare and consumer goods stocks propped up European equities to offset persistent concerns over the region's ...

Markets - Equity - Europe

Global stocks jittery as Fed meets LONDON: European stocks edged up Tuesday while Wall Street dipped slightly as investors eyed a two-day US Federal Reserve meeting for hints on possible interest rates hikes.Just ahead of Deutsche Boerse shareholders backing its merger with the London Stock Exchange, the FTSE 100 closed 0.2 percent higher.Dealers are also awaiting Wednesday's British economic growth data and a Bank of England interest rate call next week. Frankfurt stocks meanwhile gained 0.5 percent, while Paris cautiously regained ...

Markets - Equity - Europe

No choppers yet: yen jumps before Bank of Japan meeting LONDON: A buoyant yen and a fall in oil prices to their lowest since early May put stock markets on the defensive on Tuesday, as investors position for central bank meetings in the United States and Japan.The rise in the yen, traditionally a safe haven for capital when investors are concerned by political and economic risks, may be largely due to a recalibrating of expectations for the scale of new economic stimulus from the Bank ...