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Archive Europe Markets

  • NEW YORK, April 27- Key world stock markets dipped on Thursday after a three-day rally in the wake of a largely expected U.S. tax cut plan, while the euro weakened after comments from European Central Bank President Mario Draghi. On Wall Street, stocks edged lower after a lukewarm reception for U.S. However, losses on Wall Street Thursday were curbed as corporate...

  • *Hungary's loose monetary policy supports its bond market. Bonds elsewhere in Central Europe were mixed, after European Central Bank chief Mario Draghi said policymakers did not discuss removing the bank's easing bias, causing the euro to fall against the dollar. Hungary sold 70 billion forints worth of bonds, 25 billion forints more than planned.

  • MILAN, April 27- European shares fell from 20- month highs on Thursday as weaker banks weighed, with the broader market little moved by a widely expected European Central Bank decision to stand pat on policy. France's CAC 40 also fell 0.2 percent, off Wednesday's nine-year high. The news conference by Mario Draghi saw equity indexes see-sawing but remarks from...

  • NEW YORK— U.S. stock indexes fluttered up and down Thursday, then ended the day a hair above where they started. Gains by Under Armour, Comcast and other companies reporting stronger-than-expected profits on Thursday helped to offset a slump in energy stocks. The encouraging reports added to the lengthening list of companies saying they earned more in the first...

  • *Two key Libya oilfields restart, sources tell Reuters. *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market.

  • LONDON, April 27- London's silver price benchmark is plagued by big, unpredictable fluctuations that risk undermining its credibility and may complicate efforts by the London Bullion Market Association to find a new operator, according to a Reuters analysis of trading data and 10 industry sources. However, it has diverged widely from the spot price on a number...

  • *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude fell $1.14 a barrel to a low of $50.68 before recovering slightly to trade around $50.85 by 1220 GMT.

  • *Hungary's loose monetary policy supports its bond market. Bonds were rangebound elsewhere in Central Europe, after sources close to the European Central Bank's Governing Council said policy makers saw scope for sending a small signal in June about cutting monetary stimulus. Hungary's central bank is regarded as the most dovish in the region.

  • CORK, Ireland _ Johnson Controls International PLC on Thursday reported fiscal second-quarter profit of $148 million. For the current quarter ending in July, Johnson Controls expects its per-share earnings to range from 70 cents to 73 cents. Johnson Controls shares have climbed 4.5 percent since the beginning of the year, while the Standard& Poor's 500 index...

  • BALTIMORE— Under Armour slipped to a loss in its first quarter as costs rose, but it still beat Wall Street expectations and shares surged more than 11 percent before the market opened Thursday. International revenue, from Europe, the Middle East, Africa, the Asia-Pacific and Latin America regions, made up 20 percent of total revenue in the quarter.

  • *Q1 net income 575 million euros, up 143 percent. Shares in Germany's biggest bank were 3 percent lower in early trade compared with a flat German blue-chip index, with analysts pointing to the 9 percent revenue fall, putting pressure on chief executive John Cryan to deliver on his pledge last month to focus on growth. "We believe the core bank is still massively...

  • DUBLIN _ Allegion PLC on Thursday reported first-quarter profit of $68.4 million. Allegion expects full-year earnings in the range of $3.60 to $3.75 per share. Allegion shares have increased 25 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.

  • LONDON, April 27- European shares retreated from 20- month highs on Thursday with financials and commodity-related stocks the main drag on the benchmark index. France's CAC 40 also fell 0.5 percent, just off Wednesday's nine-year high. Of the 20 percent of companies having reported so far, 70 percent had beaten estimates while 19 percent had missed, Thomson...

  • *Hungary's loose monetary policy support its bond market. BUDAPEST, April 27- Hungarian government bonds firmed ahead of an auction on Thursday, bucking a rise in debt yields across the European Union, supported by the Hungarian central bank's loose policy. European yields mostly rose slightly after sources close to the European Central Bank's Governing...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • April 27- Hong Kong's benchmark stock index closed at its highest level in 20 months on Thursday as investor sentiment remained supported by prospects of better global growth and receding worries about political risks in Europe. The market also drew support from continuous flows of money from mainland Chinese investors. On Thursday, Chinese investors used...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • TOKYO, April 27- Japan's Nikkei share average dipped on Thursday tracking retreat in Wall Street shares on disappointment over the U.S. tax plan, but advancers outnumbered decliners by almost two-to-one on strong sentiment following receding political worries in Europe. The Nikkei fell 0.2 percent to 19,251.87, while the broader Topix dipped 0.05 percent to...