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CNBC Franchise Archive Europe Markets

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  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • ATHENS, Aug 4- Greek stocks were down 4.5 percent in early trade on Tuesday, dragged down by another near 30 percent plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down. The main Athens index lost 16.2 percent on Monday, the worst fall on record, as investors reacted to continuing questions about a new...

  • NEW YORK— Yes, your mutual fund may own some Greek stocks. Athens burst back into the spotlight Monday after its main stock index plunged 16 percent. That's why investors are more worried about the effects that Greece's debt problems will have on the rest of Europe than about Greece itself.

  • NEW YORK, Aug 3- Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory data from China and the United States disappointed. Brent slumped to its lowest since late January on worries about oversupply as OPEC pumped at record levels in July, adding to...

  • NEW YORK— Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The company said fewer customers visited its stores in its fiscal...

  • ATHENS, Aug 3- Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone. "The market tanked, as expected," said Takis Zamanis, chief trader at Athens- based Beta Securities. All five shares comprising the index- National Bank of Greece, Alpha Bank, Piraeus Bank, Attica...

  • NEW YORK, Aug 3- Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Netherlands, Spain and Italy all reported healthy growth, and Italy's expansion was its best in more than four years.

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-months lows on Monday as sluggish data out of the U.S. and China, and bets for weaker gasoline consumption after tearaway demand earlier in the summer, deepened losses in benchmark crude contracts. Evidence of growing global oversupply and a stock market collapse in China, the...

  • ATHENS, Aug 3- Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock index ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open. "The market tanked, as expected," said Takis Zamanis, chief trader at Athens-...

  • *July PMI in China curbs risk sentiment. LONDON, Aug 3- Weak data from China helped push oil prices to their lowest in six months on Monday, knocking the Canadian dollar, and sent Asian stocks close to their 2015 lows. The S&P 500, Dow Jones Industrial and Nazdaq markets all looked set to open little changed, shrugging off the troubles of Greece whose stock market...

  • LONDON, Aug 3- The euro fell against the dollar on Monday as the Greek stock market plunged on its reopening following a five-week shutdown during which the country risked being pushed out of the euro zone. The dollar rose to C $1.31725, its highest September 2004. The euro slipped as low as $1.0953, having traded at $1.0990 in early London trade, with most investors...

  • ATHENS, Aug 3- Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock index was down more than 18 percent in midday trading after an initial plunge that was larger than any...

  • LONDON, Aug 3- The Greek stock market slumped when it reopened on Monday after being shut down for five weeks, while weak data from China helped push oil prices to their lowest in six months and Asian stocks close to their 2015 lows. Surveys showed China's factory activity contracted by the most in two years, ensuring a three-month sell-off in commodity and...

  • LONDON, Aug 3- The euro fell against the dollar on Monday, giving up earlier gains, as the Greek stock market plunged following a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The euro slipped as low as $1.0957, having traded at $1.0990 in early London trade, with most investors already positioned for huge losses in Greek...

  • Greek stock market bloodbath as exchange reopens Monday, 3 Aug 2015 | 4:02 AM ET

    ATHENS, Greece— Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy. "There's a sense of panic," said Evangelos Sioutis, financial analyst and head of equities at Guardian Trust. Markets in the rest of the...

  • ATHENS, Aug 2- Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country. National Bank of Greece, the country's largest commercial bank, was down 30 percent, the daily limit. The bourse was last open for trading on June 26.

  • NEW YORK— Another bad day for the energy sector pulled down stocks on Monday. Energy stocks slumped as the price of oil dropped to its lowest in more than four months. "Certainly, oil production has been strong globally," said Serena Vinton, a portfolio manager at Franklin Templeton.

  • ATHENS, Aug 3- Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece's...

  • HONG KONG, Aug 3- An index of Asian shares outside Japan fell close to this year's lows thanks to a deepening selloff in commodities and concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. "We believe the stock market panic in early July chilled economic activity, which is what the manufacturing PMIs picked up," ING...