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European shares test two-year highs, yen volatile before BOJ
REUTERS – European shares inched towards two-year highs on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for shares.
U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled...
Global shares gain as global economic outlook improves
REUTERS – World share markets extended a week-long rally on Thursday as manufacturing surveys in China and the United States boosted confidence in global growth and euro zone data at least did not worsen the already weak outlook for that region.
The euro hit a three high against the dollar on optimism that a funding deal for debt-crippled Greece will ultimately be agreed – and despite...
Global stocks, commodities gain on US fiscal cliff hopes
REUTERS – World share markets and commodities surged in early trading on Monday, recovering some of the previous week’s sharp losses as traders focused on politicians’ comments indicating readiness to compromise to avoid the U.S. “fiscal cliff.”
Wall Street stocks climbed more than 1 percent, extending a rally that began on Friday, while crude oil was up more than 2...
European stocks rally ahead of EU summit
European stocks rallied Tuesday in a second day of gains after recent sharp losses, on the hope that EU leaders will firm up action on tackling the eurozone debt crisis and solid US housing data.
At close, London’s benchmark FTSE 100 index of top companies gained 1.86 percent to 5,403.28 points, while Frankfurt’s DAX 30 rose 1.65 percent to 6,435.60 points and Paris’ CAC 40 jumped...
European stocks drop at open on Greece concerns
European stock markets fell in opening trade on Monday, rattled by ongoing political uncertainty in Greece.
London’s benchmark FTSE 100 index slid 0.80 percent to 5,531.21 points, Frankfurt’s DAX 30 shed 1.31 percent to 6,494.25 points and in Paris the CAC 40 sank 1.57 percent to 3,080.69.
The European single currency also continued to face pressure as Greek politicians failed again to...
European stocks retreat on Spanish debt fears
Europe’s main stock markets retreated on Tuesday as fears that the eurozone debt crisis was resurfacing in Spain offset solid manufacturing data from the US and China.
Europe’s main stock markets retreated on Tuesday as fears that the eurozone debt crisis was resurfacing in Spain offset solid manufacturing data from the US and China. In afternoon deals in Paris, the CAC 40 dropped 0.71...
European stocks close higher on US, German leads
European stocks closed higher Monday, helped by a strong US showing and a positive German business confidence report but Spain fell on concerns over its debt after the government suffered a surprise poll setback.
Dealers said Spain was already causing concern after missing its public deficit target badly last year and news of the government’s election setback stirred worries further as voters...
European markets slip after recent gains
Europe’s main stock markets lost ground on Monday as investors paused for breath, following last week’s gains which were rooted in optimism over the global economic outlook and the Greek debt crisis.
London’s benchmark FTSE 100 index slipped 0.07 percent to 5,961.11 points, while in Frankfurt the DAX 30 dipped 0.05 percent to 7,154.22 points, and in Paris the CAC 40 fell 0.47 percent...
European stocks flat before EU ministers meet
Europe’s main stock markets were subdued on Monday ahead of a meeting by EU finance ministers to sign off on Greece’s new bailout, while traders also digested weak data from Italy and China.
In London, the benchmark FTSE 100 index rose 0.09 per cent to 5,888.30 points, in Paris, the CAC 40 added 0.07 per cent to 3,490.06 points and in Frankfurt the DAX 30 climbed 0.31 per cent to 6.901.35...
European stocks mixed on Greek bailout delay
European shares mostly rose despite a Greek bailout hanging in the balance on Wednesday, with supportive Chinese comments lifting sentiment.
London’s benchmark FTSE 100 index ended the day down 0.13 per cent at 5,892.16 points, but in Frankfurt the DAX 30 added 0.44 per cent to 6,757.94 points and in Paris the CAC 40 also gained 0.44 per cent to close at 3,390.35 points.
The single currency...
