02142016Sun
Last update: Sun, 14 Feb 2016 05pm

Europe

Markets - Equity - Europe

Britain's FTSE 100 mired near 3-year lows LONDON: Weaker mining and banking stocks kept Britain's top share index mired near three-year lows on Tuesday as concern lingered over the global economy and the health of the financial sector.The FTSE 100 index, was down 1 percent at 5,632.19 points at its close, near its lowest for about three years and down 20 percent from its record high of 7,122.74 in April 2015. It has lost nearly 10 percent since the start of 2016.Signs of a global economic slowdown have hit world stock markets since the start of the year, and raised concerns about the stability of the European banking system.Heavyweight Barclays fell nearly 5 percent and HSBC fell 1.4 percent.Mining stocks also fell sharply, with Anglo American down more than 11 percent after its Kumba division posted lower profits, while Antofagasta declined 9.4 percent after Goldman Sachs cut its rating on it to "sell"."There are worries about global ...

Markets - Equity - Europe

European shares hit lowest since Sept 2013 as banks extend falls LONDON/MILAN: European shares fell for a seventh consecutive session on Tuesday to touch their lowest level in more than two years as worries about the impact on banks of sustained low interest rates kept sentiment fragile.The pan-European FTSEurofirst 300 lost 1.6 percent to close at 1,219.82 points after falling by as much as 2.6 percent to its lowest since September 2013.The European banking index fell 4 percent, reversing earlier gains after Monday's 5.6 percent slump. ...

Markets - Equity - Europe

Global stocks fail to find solid footing after meltdown LONDON: Stocks worldwide resumed their downward slide Tuesday a day after a massive sell-off as investors failed to shake off dogged fears over economic weakness, banking woes and a gloomy oil price outlook.European indices were again in the red at closing, having failed at earlier attempts to find some support in the wake of sharp losses on global exchanges on Monday.Paris' CAC slid 2.45 percent earlier in the session, rebounding slightly to close 1.7 percent ...

Markets - Equity - Europe

European shares steady after Monday's slump, sentiment fragile LONDON/MILAN: European shares steadied in choppy trade on Tuesday, underpinned by some positive earnings reports after suffering heavy losses in the previous session on persistent concerns over the health of the region's top banks.The pan-European FTSEurofirst 300, which slumped 3.4 percent on Monday, was up 0.03 percent by 1058 GMT after falling earlier in the day.Although the market was helped by gains in firms like Vestas that rose 5.9 percent after beating earnings forecasts, sentiment ...

Markets - Equity - Europe

European stocks struggle to bounce back from rout LONDON: European stock markets struggled Tuesday to find a solid footing after a massive sell-off worldwide as fresh fears for the banking sector sent traders hunting for safe investments.European indices were mostly lower heading into midday but losses were less sharp than evident during the previous session.Following heavy falls also on Wall Street, Asia picked up the baton Tuesday, resulting in Tokyo's main index plunging more than 5.0 percent as investors sought the safety of ...

Markets - Equity - Europe

European stock markets steady at open after rout LONDON: European stock markets steadied at the start of trading on Tuesday after sharp falls the previous session on banking sector worries and general concerns surrounding the global economy.London's FTSE 100 benchmark index rose 0.2 percent to 5,702.6 points compared with the close on Monday.In the eurozone, Frankfurt's DAX 30 index was virtually unchanged at 8,980.7 points and the Paris CAC 40 edged up 0.2 percent to 4,072.3.The Paris and Frankfurt exchanges had lost more ...

Markets - Equity - Europe

Concerns over banks, growth drive European stocks sharply down MILAN/LONDON: European shares touched a 16-month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector.The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points by 1521 GMT, its lowest level since October 2014.The STOXX Europe 600 banking index, down 4.7 percent, was among the top decliners. The index is down more than 22 percent so far this year on concerns about ...