09262016Mon
Last update: Mon, 26 Sep 2016 03pm

Europe

Markets - Equity - Europe

European stocks recoil at open LONDON: European stocks slid Friday in opening trade as investors paused for breath following a global rally after US and Japanese central banks kept their easy-money policies in place.In initial trade, London's benchmark FTSE 100 index shed 0.3 percent to 6,893.22 points compared with the closing level on Thursday.In the eurozone, Frankfurt's DAX 30 declined 0.1 percent to 10,662.49 points and the Paris CAC erased 0.3 percent in value to stand at 4,494.50.Investors also took their foot off the pedal in Asia Friday after two days of strong gains while the dollar recovered some ground on the yen after the Fed's decision to hold interest rates sent it tumbling."The Fed-fuelled rally that catapulted shares out of the summer doldrums this week is showing some signs of fatigue," noted analyst Jasper Lawler at trading firm CMC Markets."The immediate reaction across markets to the Fed's decision to keep rates on hold again ...

Markets - Equity - Europe

Soothing Fed gives stocks their mojo LONDON: World shares and bonds rallied on Thursday, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, weakening the dollar and lifting commodity prices.European markets followed Wall Street and Asia's lead with Britain's FTSE 100 climbing 0.6 percent and Germany's AX and France's CAC 40 both rising a full 1 percent.Oil and commodities firms gained the most as oil and metal prices rose, while the weakened dollar made ...

Markets - Equity - Europe

European shares touch 2-week high as Fed keeps rates unchanged LONDON: European shares climbed to a two-week high on Thursday, boosted by a rally in mining equities, after the US Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018.The Fed, however, signaled it could still tighten monetary policy by the end of this year as the labour market improved further. Fed Chair Janet Yellen said US growth was looking stronger and rate increases would be ...

Markets - Equity - Europe

Britain's FTSE rises as Fed's update buoys mining stocks LONDON: Britain's top shares index climbed on Thursday, heading for its highest level so far in 2016, after the Federal Reserve's decision to keep U.S. interest rates on hold buoyed stock markets around the world.The blue-chip FTSE 100 index advanced 0.5 percent to 6,869.87 points, close to its 2016 peak of 6,955 points reached in August which marked the FTSE's highest level in more than a year.The Fed left interest rates unchanged and projected a ...

Markets - Equity - Europe

Banks and miners help European stocks to end higher LONDON: European shares hit a one-week high on Wednesday before the outcome of a Fed meeting, with banks rallying after a policy overhaul at the Bank of Japan lifted risky assets globally. The US Federal Reserve is expected to keep rates unchanged after a two-day policy meeting amid tepid inflation and weak economic data, but could signal an increased likelihood of a hike by the end of the year. The pan-European STOXX 600 index closed ...

Markets - Equity - Europe

Over to the Fed after world stocks get a lift from BoJ LONDON: World stocks rose on Wednesday, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates, though the yen recovered initial losses against the dollar on scepticism those moves would stoke inflation. With the global economy showing few signs of rebounding and investors fretting about the limits of monetary easing by major central banks, the BOJ's move initially came as a welcome relief for markets, ...

Markets - Equity - Europe

Equities rebound, Poland lags behind BUDAPEST/WARSAW: Equities in Central Europe rebounded on Wednesday, except in Poland where continuing concerns over a possible constitutional crisis weighed on the country's assets.Risk appetite increased after the Bank of Japan's decision to keep interest rates low in the long term, and ahead of Wednesday's Federal Reserve rate decision.A surprise rate hike or hawkish comments could tarnish the appeal of Central Europe's high-yielding assets.The forint, the zloty and the leu firmed by 0.1 percent against ...