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Archive Europe Markets

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. LONDON, June 23- Oil traded flat on Friday, hovering near a 10- month low in U.S. prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply. Brent crude futures were down 8 cents at $45.14 a barrel at 1337 GMT.

  • LONDON, June 23- Chinese mainland shares rose nearly 1 percent on Friday, enjoying their best week since November after MSCI's decision to include them in its benchmark index, whilst South Africa's rand firmed after parliament backed the central bank's independence. Emerging equities have attracted $1.7 billion this week and emerging bonds $2.2 billion,...

  • *European shares flat, Wall Street modestly higher. Brent edged up from November lows hit in the prior session, when U.S. crude hit its lowest intraday level since August 2016, but sentiment remained negative as a supply glut has persisted despite OPEC- led cuts to output. "I would not be surprised if it breaks down, considering momentum is still in that direction as...

  • *European shares flat, Wall Street modestly higher. Oil edged up from November lows hit in the prior session, when U.S. crude hit its lowest intraday level since August 2016, sentiment remained negative from a supply glut that has persisted despite OPEC- led efforts to balance the market. Those declines weighed on European shares but the picture was reversed on...

  • *European shares flat, Wall Street modestly higher. Oil edged up from November lows hit in the prior session, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Those declines weighed on European shares but the picture was reversed on Wall Street, with energy up 0.5 percent, among the best...

  • *Asia ex- Japan rises 0.6 pct; Nikkei slips on stronger yen. Britain's FTSE 100 and France's CAC 40 slipped 0.4 percent each. "Most of the weakness in equity markets is related to the energy sector, and that's due to the massive weakness we've seen in oil, which is now trading in bear territory," said Naeem Aslam, the chief market analyst at ThinkMarkets in London.

  • LONDON, June 22- Saudi Arabian stocks rose more than 1 percent on Thursday, heading for their biggest weekly gain in six years, after the promotion of a reformist Prince Mohammed to the role of crown prince and the prospect of inclusion in MSCI's equity index. But the biggest winner of the day was Saudi Arabia which hit 20- month highs after MSCI put it on the...

  • *Asia ex- Japan rises 0.6 pct; Nikkei slips on stronger yen. Britain's FTSE 100, Germany's DAX and France's CAC 40 all slipped 0.3-0.4 percent as trading in Europe got under way. "As far as the market mentality is concerned, as long as the oil price keeps weakening, this is going to tell us something about the underlying capacity of the global economy to generate...

  • Health care stocks led the market higher, continuing their strong recent run, after the Senate released its proposal to revamp how Americans get medical care. Benchmark U.S. crude rose 28 cents, or 0.7 percent, to $42.81 per barrel. Brent crude, the international standard, added 45 cents, or 1 percent, to $45.27.

  • *Asia ex- Japan rises 0.3 pct; Nikkei slips on stronger yen. SINGAPORE, June 22- Asian stocks advanced on Thursday as oil prices struggled to climb off a 10- month low hit overnight on concerns over a supply glut and falling demand. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.3 percent.

  • *Asia ex- Japan rises 0.2 pct; Nikkei little changed. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent. Japan's Nikkei and South Korea's KOSPI were flat, while Australian shares rose0.4 percent.

  • *Technical support for gold seen at $1,237. NEW YORK/ LONDON, June 21- Gold rebounded on Wednesday from a five-week low as an oil price slump pushed down stock markets and a weaker U.S. dollar made bullion cheaper for holders of other currencies. 3:27 p.m. EDT, while U.S. gold futures settled up 0.2 percent at $1,245.80.

  • *Investors await Reserve Bank of New Zealand rate decision. NEW YORK, June 21- The dollar slipped on Wednesday from a one-month peak against a basket of currencies on Wednesday, as losses on Wall Street stocks spurred some traders to book profits on gains tied to expectations of possibly another U.S. interest rate increase later this year. Sterling rose after the...

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *FTSE 100 down 0.3 pct at close. *Bright spots Whitbread, Centrica bolster FTSE. The FTSE hit a session low after Bank of England Chief Economist Andy Haldane signalled he would back a rise in interest rates in the second half of this year, which also sent sterling higher.

  • LONDON, June 21- Sterling rebounded from a two-month low on Wednesday, briefly trading back above $1.27, after Bank of England Chief Economist Andy Haldane signalled he would weigh in behind a rise in interest rates in the second half of this year. But it reversed those falls as the chief economist's speech was published, trading up as much as 0.6 percent on the day...

  • Bond yields held steady, while stocks in mainland China got a small boost after they got the OK to join a widely followed index of emerging-market stocks. After being up by as much as 1.6 percent earlier in the day, benchmark U.S. crude turned lower and fell 98 cents, or 2.3 percent, to settle at $42.53 per barrel. Brent crude, the international standard, fell $1.20, or 2.6...

  • LONDON, June 21- Sterling rebounded from a two-month low on Wednesday to trade back above $1.27, after Bank of England Chief Economist Andy Haldane signalled he would weigh in behind a rise in interest rates in the second half of this year. The pound had earlier sunk beneath $1.26 for the first time since mid-April as investors worried about Prime Minister...

  • *Asia, Europe shares stumble as energy, bank stocks fall. Signs of a growing glut of supply sent Brent crude futures skidding back to $45.50 a barrel before talk of more OPEC cuts halted the slide and steadied government debt yields and Wall Street futures prices. Poorly performing banking stocks continued to hold down Europe's main markets in London, Paris and...