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Archive Europe Markets

  • *Oil futures jump on OPEC stance on output cuts. Oil futures rose after OPEC said it was sticking to its deal to reduce output. The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S.

  • LONDON, Feb 21- Politics have rarely been more fraught on either side of the Atlantic in the post-war era, and yet European stocks are marching steadily higher- casting doubt on the old adage that markets don't like uncertainty. Voters go to the polls this year in France, The Netherlands and Germany on a rising tide of populism that is out to challenge the...

  • *Oil futures jump on OPEC stance on output cuts. Oil futures rose more than 1 percent after OPEC said it was sticking to its deal to reduce output. The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S.

  • *Bucharest stocks at 9- year high, Banca Transilvania record high. *Warsaw stocks hits 18- month high, Prague highest since Dec 2015. BUDAPEST, Feb 21- Bucharest stocks hit a 9- year high on Tuesday, driven by surging Banca Transilvania as bank stocks fuelled a rally in Central European equities markets.

  • Europe's benchmark index of 300 leading shares rose 0.3 percent to 1,468 points, led by purchasing manager index reports that showed the euro zone economy expanding much faster and more smoothly than expected. Growth in Germany's private sector reached its highest level in nearly three years, while French business activity surged to near a six-year high.

  • *FTSE 100 down 0.2 pct. *FTSE 350 banks index heads for worst day since Brexit. Britain's blue-chip FTSE index was down 0.2 percent, with HSBC, the first bank to report earnings this week, down 6.5 percent, heading for its worst day in 18 months after its results.

  • *Bucharest stocks at 9- year high, Banca Transilvania record high. *Budapest shares set record high again, driven by OTP Bank. BUDAPEST, Feb 21- Bucharest stocks hit a 9- year high on Tuesday, driven by surging Banca Transilvania as bank stocks fueled a rally in Central European equities markets.

  • Europe's benchmark index of 300 leading shares fell 0.2 percent to 1,459 points, with the region's banking index down as much as 2 percent in early trade. The biggest drag was British-based HSBC, Europe's largest bank by assets. Britain's FTSE 100 bore the brunt of London- listed HSBC's troubles, falling 0.4 percent.

  • LONDON, Feb 21- European equities slipped in early trading on Tuesday, with HSBC leading the regional banking index lower after reporting a 62 percent slump in its annual pre-tax profit. Europe's biggest bank dropped 6 percent and was headed for its biggest one-day fall since August 2015 after its results fell far short of analysts' estimates as it took hefty...

  • Consumer goods giant Kraft Heinz is falling after it withdrew a $143 billion offer for competitor Unilever, but other food and household goods makers are rising as investors bet Kraft will make an offer for one of those companies instead. LET'S CALL THE WHOLE THING OFF: Kraft Heinz and Unilever both slumped after Kraft withdrew a $143 billion offer to buy its...

  • *Poll shows Le Pen narrows election gap, French bonds sold. TOKYO, Feb 21- The dollar gained on Tuesday, taking its cue from higher U.S. The dollar rose 0.5 percent to 113.64 yen, moving back toward its two-week peak of 114.955 yen touched last Wednesday.

  • *Spot gold inched down 0.2 percent to $1,235.08 per. ounce at 0058 GMT, while U.S. gold futures also fell 0.2 percent to $1,236.2. *Holdings of the largest gold-backed exchange traded fund, New York's SPDR Gold Trust GLD, fell 0.28 percent on Friday from Thursday, while the largest silver-backed ETF, New York's iShares Silver Trust SLV, remained unchanged during the...

  • *Italy's Renzi resigns as head of ruling Democratic Party. A poll released on Monday showed Le Pen 16 points behind centrist Emmanuel Macron, down from 20 points previously for a potential second-round run off scheduled for May. Le Pen was 12 points behind conservative candidate Francois Fillon, from 14 points previously.

  • *Stocks rise in Europe and Asia, driven by merger activity. LONDON, Feb 20- European stocks rose on Monday, with gains in telecoms and banks offsetting a big fall in Unilever, while the dollar dipped as uncertainty over politics and the timing of a U.S. interest rate rise kept investors nervous. U.S. markets were closed for the Presidents Day holiday, and this...

  • *Stocks rise slightly, Moneta Bank rise helps Prague. BUDAPEST, Feb 20- Prague led a cautious rise in Central European equities on Monday, mainly driven by the gains of Moneta Money Bank, while Central European assets were mostly moving sideways. Prague's main index firmed 0.4 percent by 0929 GMT.

  • LONDON, Feb 20- Turkey's lira hit the strongest level in more than six weeks against the dollar and Mongolian bonds soared after a $5.5 billion IMF-led bailout for the country, outperforming broader emerging markets. Turkey's lira strengthened 0.3 percent in its second day of gains, shrugging off data showing consumer confidence declining in February, though...

  • *Stocks rise in Europe and Asia, driven by merger activity. LONDON, Feb 20- European stocks rose on Monday, led higher by Deutsche Telekom on talk of a merger involving its U.S. mobile unit, while the dollar dipped as uncertainty over European politics and the timing of a U.S. interest rate rise kept investors nervous. U.S. markets were closed for the Presidents Day...

  • HONG KONG— Global stock markets advanced Monday as a strong performance on Wall Street last week helped buoy sentiment among investors as they awaited economic and corporate earnings reports and Fed meeting minutes due out this week. Britain's FTSE 100 inched up 0.1 percent to 7,304.80. JAPAN TRADE: Imports to Asia's second-largest economy grew in January...

  • *Major Wall Street indexes hit fresh record. NEW YORK, Feb 17- Stocks on major world markets slipped on Friday in the wake of back-to-back sessions of record highs, as investors awaited clarity on U.S. Despite the decline, the MSCI All-Country World index was higher for a fourth straight week, its longest winning streak in a nearly a year, after rising to a record high...

  • *Bank, energy stocks weigh on Wall Street. NEW YORK, Feb 17- Stocks on major world markets retreated on Friday in the wake of consecutive sessions of record highs, as investors awaited clarity on U.S. Wall Street was lower for a second straight day as financial stocks, down 0.3 percent, and the energy sector, off 0.8 percent, weighed on equities.