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Archive Europe Markets

  • *Germany auctions 10- year bonds. LONDON, May 24- The cautious tone of euro zone central bankers in the wake of some of the best economic data in years sent mixed signals to investors in the bloc's debt markets on Wednesday. Government bond yields across the region have been pegged near record lows in recent years as the European Central Bank has spent trillions of...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.

  • May 24- U.S. stock index futures were little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that will help investors gauge the chances of a rate hike next month. *Shares of Lowe's fell 4.4 percent to $78.75 in premarket trading after the No. 2 U.S. home improvement chain reported a lower-than-expected profit and...

  • LONDON, May 24- World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months. "China's debt downgrade by Moody's has made investors a little less sure of themselves," said Jasper Lawler, senior market analyst at London Capital...

  • *Germany set to auction 10- year bonds. LONDON, May 24- The cautious tone of euro zone central bankers in the wake of some of the best economic data in years sent mixed signals to investors in the bloc's debt markets on Wednesday. Government bond yields across the region have been pegged near record lows in recent years as the European Central Bank has spent...

  • LONDON, May 24- World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months. The dollar and bond yields were steady, with investors growing gradually more confident that the Federal Reserve will raise U.S. interest rates next...

  • LONDON, May 24- European shares, stuck just below 21- month highs for more than a week, fought for direction in early deals on Wednesday as weakness in mining and autos sectors were offset by strength in oil producers. Britain's FTSE 100 rose 0.1 percent while Germany's DAX fell 0.3 percent as firms going ex-dividend weighed. Miners were another weak spot in Europe...

  • Hard drive maker Western Digital and chipmaker Nvidia also rose. LOWE'S SLOWS: Home improvement retailer Lowe's stumbled after investors were unimpressed by its profit and sales, as a hefty charge cut into its earnings in the first quarter. Lowe's shares fell $3.50, or 4.3 percent, to $78.84.

  • *Wall Street rises as Trump federal budget plan released. NEW YORK, May 23- Wall Street rose on Tuesday as investors were relieved by the release of President Donald Trump's budget proposal and oil prices inched up in spite of a White House proposal to sell half the country's petroleum reserves. "People will keep an eye on any sort of indication of corporate tax...

  • *Wall Street rises as Trump federal budget plan released. *Sterling subdued after Manchester attack. NEW YORK, May 23- Oil prices inched up on Tuesday on expectations of a supply cut, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • May 23- Wall Street edged higher in early afternoon on Tuesday, but stayed in a tight trading range, as a boost from financial stocks was tempered by a drop in consumer discretionary and tech stocks. But that recovery stuttered on Tuesday as investors assessed the details of President Donald Trump's first full budget plan as well as some weak economic data.

  • LONDON, May 23- Nokia shares jumped more than 6 percent on Tuesday to their highest in more than a year, joined by a rise in banking stocks which helped European stock markets edge higher. Germany's DAX was up 0.3 percent while euro zone blue chips gained 0.5 percent. "It's a kind of risk-on environment, and Europe's benefits- relatively low currency, a relatively...

  • *Wall Street rises as Trump federal budget plan released. *Euro dips; sterling subdued after Manchester attack. NEW YORK, May 23- Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • Consumer-focused companies like auto parts retailers and homebuilders are down, and auto parts companies are falling after weak results from AutoZone. The Russell 2000 index of small-company stocks also turned higher and gained 5 points, or 0.3 percent, to 1,381.. That helped bank stocks including JPMorgan Chase, which gained 95 cents, or 1.1 percent, to $85.66,...

  • *OPEC- led supply cuts expected to be extended by 9 months. *Plan would undermine OPEC- led effort to tighten markets. LONDON, May 23- Oil rose on Tuesday as expectations of an extension to OPEC- led supply cuts supported prices, reversing losses earlier in the session after a White House proposal suggested selling off half the country's huge oil stockpile.

  • May 23- U.S. stocks looked set to open higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. The plan also includes selling off half the country's huge oil stockpile, a proposal that weighed on crude oil prices as it threatened a future glut even as OPEC and its allies cut output to try and tighten the market. The budget will not pass in its...

  • *Congress holds the federal purse strings and often ignores presidential budgets, which are proposals and may not take effect in its current form. *Wall Street closed higher on Monday boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a $110 billion arms deal. *The deal was struck during Trump's...

  • *Sterling falls after Manchester bomb kills 22. LONDON, May 23- The euro set a new six-month month high on Tuesday and the region's shares made gains as the latest economic data made for some encouraging reading, especially in Germany. The euro climbed as high as $1.12680 to beat the previous day's high by a whisker, while London FTSE, Frankfurt's DAX and the CAC in...

  • LONDON, May 23- Nokia shares jumped more than 6 percent on Tuesday to their highest levels in more than a year, joined by a rise in banking stocks which helped European stock markets edge higher. Germany's DAX was up 0.3 percent while euro zone blue chips gained 0.6 percent. "It's a kind of risk-on environment, and Europe's benefits- relatively low currency, a...

  • *Plan would undermine OPEC- led effort to tighten markets. President Donald Trump's plan to sell off half the country's huge oil stockpile, threatening a future glut even as OPEC and its allies cut output to try and tighten the market. The White House plan to sell off half of the nation's 688 million-barrel oil stockpile from 2018 to 2027 aims to raise $16.5 billion...