Archive for Tag: EUROPEAN

European Stock Markets

European shares hold near peaks; travel stocks shine on recovery prospects

European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. The pan-European STOXX 600index closed 0.1% higher, but stayed just short of a record high...

Read More
European STOXX 600 index

European shares at fresh peaks as travel, real estate stocks lead

European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains. The pan-European STOXX 600index closed 0.1% higher after notching a record high earlier in the session, with sectors...

Read More
European Stock Market

European shares stay at record highs; commodity stocks fall

European stocks hit record highs on Monday as another run of gains in automakers more than offset early declines in commodity-linked shares sparked by downbeat China export data. The European automobiles and parts index rose 0.9% to reach its highest since March 2015, extending a 5.3% rally from last...

Read More
European stock traders

European stock traders place their blockbuster bets in the dark

Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe. On June 24, 2016 – the day after the Brexit vote – just 3% of trades on the...

Read More
European Stock Market

Germany may take part in Lufthansa capital increase

Germany is considering participating in a planned 3 billion euro ($3.7 billion) capital increase at Lufthansa, Finance Minister Olaf Scholz told Reuters on Wednesday, a move that could help to repay the airline’s state-backed bailout. Reuters last month reported that Lufthansa was working with Deutsche Bank and Bank of...

Read More
European Stock Market

France stocks lower at close of trade; CAC 40 down 0.57%

France stocks were lower after the close on Monday.At the close in Paris, the CAC 40fell 0.57%, while the SBF 120index lost 0.52%. The best performers of the session on the CAC 40 were ArcelorMittal SA , which rose 1.51% or 0.40 points to trade at 26.89 at the...

Read More

UK may support steel, but unlikely to nationalise Liberty

Britain is open to providing support for steel as a strategic sector, but nationalising Liberty Steel after the collapse of its main lender was unlikely, business secretary Kwasi Kwarteng said on Tuesday. Liberty and the rest of Sanjeev Gupta’s family conglomerate have been seeking to refinance its cash-starved web...

Read More

Equities rally, dollar falls as inflation concerns grow

Global equity markets gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy. Market participants were gearing up for U.S. personal consumption data – the Federal Reserve’s preferred inflation measure – on Thursday, and...

Read More

European stocks resume slide on rising inflation worries

European stocks slid on Thursday, tracking a selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners. The pan-European STOXX 600 indices fell 1.0%, heading further away from all-time highs. British luxury brand Burberry tumbled 8.8%...

Read More