02142016Sun
Last update: Sun, 14 Feb 2016 10am

Europe

Markets - Equity - Europe

Britain's FTSE slips as oil price, China concerns hit commodities LONDON: UK shares retreated on Tuesday as sliding oil prices and concerns over a slowdown in China put pressure on commodities-related stocks, while British banks fell after UBS cut target prices.Britain's blue-chip FTSE 100 index was down 1 percent at 5,820.91 points by 1005 GMT, slightly underperforming the broader European market.Oil majors Royal Dutch Shell and BP fell 1.1 percent and 1.2 percent respectively after oil prices slid under $30 a barrel on persistent worries about oversupply and further signs of weakness in the Chinese economy.Data showed that China's rail freight volume dropped 11.9 percent in 2015 from a year earlier to 3.36 billion tonnes.Chinese stocks fell more than 6 percent on Tuesday following another round of panic selling triggered by a new slide in global equity markets.China has a crucial influence on commodities prices as the world's second-biggest economy and a major consumer of oil and metals."The slowdown in ...

Markets - Equity - Europe

Oil price slide, China growth worries push stocks lower LONDON: A slide in the oil price back below $30 a barrel and renewed worries about a slowing Chinese economy pushed emerging equities lower on Tuesday with Chinese, Russian and Middle Eastern assets leading the falls.Chinese mainland shares tumbled more than 6 percent in a late selling spree to close at their lowest level since early December 2014.The rouble followed a fall of over 2 percent in Brent crude prices as Middle Eastern producers showed ...

Markets - Equity - Europe

European shares slide as oil prices extend drop MILAN: European shares fell sharply on Tuesday, extending the previous session's losses on concerns over global economic growth and another drop in oil prices below $30 a barrel.By 0909 GMT, the pan-European FTSEurofirst 300 was down 1.5 percent, after falling 0.7 percent on Monday, while the euro zone's blue chip Euro Stoxx 50 index was also down 1.2 percent.Global stocks have had a rocky start to the year due to concerns over slowing growth in ...

Markets - Equity - Europe

China rout and oil gloom put markets back on the rack LONDON: World markets were back in sell-off mode on Tuesday as a 6 percent slump in Chinese shares following more weak data there and oil's slide below $30 a barrel again led to a renewed bout of selling.The plunge in China capped a miserable day for Asia, and European bourses quickly followed suit, with shares in London , Frankfurt and Paris tumbling 1.5 to 1.8 percent in a bumpy start to trading.Investors retreated to traditional ...

Markets - Equity - Europe

European stock markets slide at open LONDON: European stock markets slumped at the start of trading on Tuesday following sharp drops across Asia and on Wall Street, as oil prices tumbled once more.London's benchmark FTSE 100 index slid 1.4 percent compared with the close on Monday to open at 5,794.9 points.In the eurozone, Frankfurt's DAX 30 index retreated 1.4 percent to 9,599.6 points and the Paris CAC 40 shed 1.7 percent in value to 4,238.9.A more than six-percent collapse in Shanghai ...

Markets - Equity - Europe

Siemens shares jump on raised profit guidance MUNICH: Shares in Siemens were indicated 3.6 percent higher ahead of the market open on Tuesday after Europe's biggest industrial group raised its full-year earnings forecast on strong first-quarter results.Siemens late on Monday reported industrial profit, revenue and orders that beat market expectations, driven by its healthcare, transportation and energy-management units and helped by the weak euro and ongoing cost cuts."We do have quite a strong amount of self-help potential," Chief Executive Joe Kaeser told ...

Markets - Equity - Europe

Russian stock exchange drops on oil price slide MOSCOW: Russia's stock exchange dropped on Tuesday and the ruble fell on the back of the latest slide in oil prices. The dollar-denominated RTS index fell by some 3.55 percent in early trading before recovering slightly, while Russia's battered ruble fell to around 82 against the dollar after gaining ground slightly since hitting a record low to the greenback last week. Russia -- whose energy-reliant economy has already been pushed into recession by low oil ...