07012016Fri
Last update: Fri, 01 Jul 2016 08pm

Europe

Markets - Equity - Europe

World stocks build on post-Brexit rebound LONDON: Global stock prices rose Wednesday in a second day of recovery from a sharp-sell off prompted by Britain's vote to leave the European Union.Asian markets led the way on hopes that authorities will unveil fresh stimulus to counter the effects of the shock vote.Europe followed suit, encouraged by a recovering pound, but analysts warned of a jitters ahead depending on the shape of ongoing political dealings between Britain and its EU partners."First the panic effect, then the rebound. That's a well-known mechanism on financial markets," said Christopher Dembik, an economist at Saxo Banque in Paris."But we also know that after the rebound volatility can re-emerge, and that is the main risk right now," he said."The markets aren't calm, we are in the eye of the storm," said Adam Jepsen at Financialspreads, adding that "not a single issue" had been resolved."I will be surprised if the markets remain calm for ...

Markets - Equity - Europe

Emerging assets in second day of gains; Turkish tourism shares hit LONDON: Emerging stocks and currencies rose for the second straight day on Wednesday, clawing back more of the recent Brexit-fuelled losses, though shares linked to Turkish tourism fell sharply after a deadly attack at Istanbul's main airport.World stocks have rebounded slightly after huge losses on Friday and Monday due to Britain's vote to leave the European Union, as the heightened uncertainty is now seen dissuading the U.S. Federal Reserve from a July rate hike and ...

Markets - Equity - Europe

Stocks gain as Brexit nerves settle LONDON: European and Asian stock markets built on a recovery from the shattering aftermath of last week's Brexit vote on Wednesday as investors wagered central banks would ultimately ride to the rescue with more stimulus.UK and European banks, a centre of concern since Britain shocked global financial markets on Friday by voting to leave the European Union, were broadly higher, extending a recovery from two days of trading which knocked almost 40 percent off Barclays ...

Markets - Equity - Europe

European stocks extend recovery at open LONDON: Europe's main stock markets rallied at the start of trading on Wednesday, building on the previous session's strong gains as fears over Brexit ease.London's benchmark FTSE 100 index jumped 1.6 percent compared with Tuesday's close to open at 6,236.68 pointsIn the eurozone, Frankfurt's DAX 30 won 1.2 percent to 9,557.69 points and the Paris CAC 40 gained also 1.2 percent to 4,139.37.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

FTSE up for second day as banks fight back from post-Brexit slump LONDON: Britain's top share index climbed for a second straight session on Wednesday, led higher by financials and commodities-related stocks, on expectations the Brexit process might not start anytime soon. The blue-chip FTSE 100 index was up 1.6 percent in early trading, building on the previous session's 2.6 percent jump, after falling sharply on Friday and Monday following the result of a landmark referendum to leave the European Union.Britain's outgoing Prime Minister David Cameron said ...

Markets - Equity - Europe

European shares up for first time in three days after Brexit battering LONDON/MILAN: European shares rose for the first time in three days on Tuesday after a heavy sell-off following Britain's shock vote to leave the European Union, with battered financial stocks leading the bounce. The pan-European STOXX 600 index, which had slumped 11 percent in the last two sessions, ended up 2.6 percent, while the pan-European FTSEurofirst 300 index rose 2.4 percent. Insurance and banking stocks climbed, after suffering the worst of the market rout. Legal ...

Markets - Equity - Europe

London stocks extend gains to more than 3pc LONDON: Gains on the London stock exchange accelerated in afternoon trading on Tuesday, with the FTSE 100 index rising above 3 percent as investors snapped up post-Brexit bargains. Around 1400 GMT the FTSE 100 was showing a gain of 3.01 percent at 6,162.11 points.Copyright AFP (Agence France-Presse), 2016 ...