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Last update: Mon, 23 Jan 2017 07am

Europe

Markets - Equity - Europe

European stocks deflate at open LONDON: Europe's main stock markets deflated at the open on Wednesday as investors awaited the latest interest rate decision from the US Federal Reserve.London's FTSE 100 index dropped 0.3 percent to 6,950.42 points, Frankfurt's DAX 30 also dipped 0.3 percent to 11,254.47 and the Paris CAC 40 shed 0.5 percent to 4,778.96 compared with Tuesday's close.The US central bank's two-day monetary policy meeting concludes later Wednesday, with markets expecting another December interest rate hike.All eyes will be on what Fed boss Janet Yellen says in her post-meeting conference, with investors hoping for clues on future policy in the wake of President-elect Donald Trump's surprise election victory."The outcome of today's Federal Reserve meeting is likely even more certain than it was this time last year, with the markets pricing in a rate hike for the past few weeks," Spreadex analyst Connor Campbell told AFP."In light of this, investors' focus this evening ...

Markets - Equity - Europe

GLOBAL MARKETS-UniCredit share issue lifts banks before Fed meeting LONDON: Global shares edged up on Tuesday, helped by gains in banks after Italy's largest lender unveiled a 13 billion-euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. Wall Street also looked set to rise, with index futures about 0.3 percent higher. UniCredit launched Italy's biggest share issue to clean up its balance sheet and boost profitability, the latest move to strengthen the Italian banking ...

Markets - Equity - Europe

Bonds track rebound in euro zone debt, Romania lags behind BUDAPEST: Central European government bonds rebounded on Tuesday as crude oil prices offered relief to debt markets, although Romanian bonds remained under pressure after leftists won a parliamentary election on the weekend.Long-dated bonds firmed more than short maturities, flattening the yield curve somewhat after higher oil prices had put the emphasis back on inflation in a week when the US Federal reserve is tipped to raise interet rates.Poland's 10-year bond yield dropped 5 basis points ...

Markets - Equity - Europe

Britain's FTSE edges higher though miners drop LONDON: Britain's top share index rose on Tuesday, though gains were capped as commodities-related stocks stumbled ahead of the U.S. Federal Reserve's meeting.The blue chip FTSE 100 index was up 0.3 percent at 6,907.53 points by 0951 GMT, mirroring gains in the broader European market.While the rally was broad-based, with ITV, International Consolidated Airlines and Burberry among top risers, miners were the biggest fallers.Shares in Randgold Resources and Fresnillo dropped 1.9 percent and 2.5 percent ...

Markets - Equity - Europe

UniCredit share issue helps lifts banks before Fed meeting LONDON: Global shares edged up on Tuesday, helped by gains in banks after Italy's largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates.UniCredit launched Italy's biggest share issue to clean up its balance sheet and boost profitability in the latest move to strengthen the Italian banking sector, which has been a major concern clouding the outlook for European stocks.UniCredit ...

Markets - Equity - Europe

World stocks squeeze out gains, Italian bank trembles LONDON: Global stock markets eked out further gains Friday after a strong week, but Milan equities were held back by more bad news for the world's oldest bank, Monte dei Paschi.Key European indices rose by up to around half a percent as positive sentiment inspired by the European Central Bank's continued support for the eurozone spilled over from Thursday."Markets across Europe are clinging stubbornly onto the gains made throughout the week," said Joshua Mahony, analyst ...

Markets - Equity - Europe

Britain's FTSE gains, on track for best week since July LONDON: Britain's top share index rose slightly on Friday, putting it on track for its best week since July, led by shares in health care and consumer staples companies, but a rally in bank stocks faltered. The blue chip FTSE 100 index was up 0.1 percent at 1038 GMT, taking its gains for the week to more than 3 percent. The week-long rally has been driven by financial stocks, which rose across Europe after the ...