Archive Europe Markets

  • LONDON, Dec 7- European shares climbed on Wednesday, with the regional banking index hitting an 11- month peak after Credit Suisse announced further costs cuts and Italian banks surged towards their best two-day run since 2012.. Italian banks rose 2.5 percent, with Reuters exclusively reporting Italy was preparing to take a 2 billion euros controlling stake...

  • LONDON, Dec 7- The Turkish lira firmed 0.7 percent to one-week highs on Wednesday, lifted by authorities' steps to stem the currency's weakness while emerging stocks rose for the third straight day on the back of a stable dollar. "There seems to be a bit of turnaround since yesterday in the lira and one aspect is some of the measures such as selling foreign currencies,"...

  • *Oil dips on doubts over impact of OPEC deal. LONDON, Dec 7- European shares followed Asian stocks higher on Wednesday, buoyed by reports Italy would step in to rescue troubled bank Monte dei Paschi and expectations the European Central Bank would extend its bond-buying stimulus scheme this week. The pan-European STOXX 600 index rose 0.8 percent, led by banks, and...

  • *Oil snaps rally that followed OPEC meeting. TOKYO, Dec 7- Asian shares rose on Wednesday as investors covered short positions and looked to the coming policy meeting of the European Central Bank for comfort after a referendum defeat tipped Italy into political turmoil. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.25 percent while...

  • NEW YORK— The Dow Jones industrial average and Standard& Poor's 500 indexes soared to their biggest gains since the presidential election on Wednesday and set all-time highs. Biotech drug companies took steep losses after President-elect Donald Trump said he wants to reduce drug prices. Julian Emanuel, an equity strategist for UBS, said investors were...

  • TOKYO, Dec 7- Japan's Nikkei is set to end slightly lower this year but rise in 2017 as expectations U.S. President-elect Donald Trump's policies will ratchet up interest rates buoyed the dollar against the yen, giving Japan Inc's earnings a boost, a Reuters poll found. "Despite hopes that the U.S. economy is strong, U.S. rate increases will likely be limited up to...

  • NEW YORK, Dec 6- Oil futures snapped a four-day rally on Tuesday on signs of higher output while the euro slipped from a three-week high ahead of a meeting of the European Central Bank on Thursday. Wall Street was boosted by financial and telecom stocks while U.S. The euro fell 0.5 percent to $1.071 as currency investors focused on the possibility the ECB may take a...

  • MILAN/ London, Dec 6 (Reuters)- European shares rose on Tuesday for a second day with banking stocks surging to an 11- month high as investors dipped back into a beaten-down sector following Italy's constitutional referendum on the weekend. The rally was led by Italian banks, which climbed 9 percent, their biggest one-day since July, on short covering before a...

  • NEW YORK, Dec 6- Oil futures snapped a four-day rally on Tuesday on signs of higher output while the euro slipped from a three-week high ahead of a meeting of the European Central Bank on Thursday. Wall Street showed slim gains as energy stocks weighed while European stocks were on track for a second day of gains helped by strong German data, and U.S.

  • *Southern European bond yields tumble. LONDON, Dec 6- Borrowing costs in southern Europe fell on Tuesday with Italian yields briefly hitting three-week lows as focus turned from an Italian referendum to expectations the ECB would contain any financial-market fallout when it meets later this week. Italian 10- year bond yields fell as much as 14 basis points to...

  • *Southern Europe leads tumble in bond yields. LONDON, Dec 6- Italy's government bond yields fell to three-week lows on Tuesday as attention switched from this past weekend's referendum to expectations the European Central Bank would contain any financial-market fallout. Italian bond yields spiked on Monday after Prime Minister Matteo Renzi said he would...

  • *Southern Europe leads tumble in bond yields. LONDON, Dec 6- Italy's government bond yields fell on Tuesday as attention switched from this past weekend's referendum to expectations the European Central Bank would contain any financial-market fallout. Italian bond yields spiked on Monday after Prime Minister Matteo Renzi said he would resign following a...

  • *Hungary's output, Czech retail sales below expectations. BUDAPEST, Dec 6- Warsaw stocks hit a three-month high on Tuesday in the wake of Standard& Poor's outlook upgrade on Polish debt, while Central European assets mostly moved sideways. Warsaw's blue-chip equities index rose 1.1 percent Polish 10- year yields dropped six basis points to 3.69 percent, while...

  • LONDON, Dec 6- Emerging market equities hit five-day highs on Tuesday, with the Moscow bourse at fresh peaks as investors shrugged off the results of Italy's referendum, while a weaker dollar helped currencies such as the rand and the lira make gains. Italian Prime Minister Matteo Renzi said he would resign after the weekend's referendum, which saw voters reject...

  • LONDON, Dec 6- The euro held firm on Tuesday, having seen a wild 3- cent swing in the wake of Italy's referendum, while the region's bond yields dipped in line with U.S. peers as oil saw its first fall for five days. Asian stocks saw their strongest day for 2 weeks overnight after Wall Street's Dow Jones index hit a record high, and Europe's main bourses struggled into...

  • HONG KONG— Asian stocks rose Tuesday following another record day on Wall Street, while European stocks wobbled in early trading, buffeted by more political and economic uncertainty. France's CAC 40 added 0.2 percent to 4,582.92 and Britain's FTSE 100 edged 0.1 percent lower to 6,743.48. QUOTABLE QUOTE: "The markets appear to have come to the realization that...

  • *Italy's PM Renzi to quit after heavy referendum defeat. NEW YORK, Dec 5- U.S. stocks rose on Monday on strong economic data while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. "It was a neutral day in Europe because neither the far right nor the far left made...

  • LONDON, Dec 5- Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. European share indexes largely shrugged off Italian Prime Minister Matteo Renzi's resignation after he lost a referendum on constitutional reform on...

  • NEW YORK, Dec 5- Financial shares and strong oil prices bolstered U.S. stocks on Monday while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. The Italian referendum stoked worries about Italy's political stability and its banking system, but U.S.

  • LONDON, Dec 5- European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi's resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy. But there was no relief for Italian bonds or banks, which bore the brunt of investor fears that a fresh bout of political turmoil in...