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CNBC Franchise Archive Europe Markets

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  • *Crude futures rise over $1 a barrel before consolidating. NEW YORK, July 29- Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures have lost over $10 a barrel...

  • European stock markets advance on bumper earnings Wednesday, 29 Jul 2015 | 12:32 PM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • LONDON, July 29- It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. Although question remain over whether Greece will be able to stick to the terms of a new deal or will be back at the ballot box within the year, markets have breathed a collective sigh of...

  • *Wall Street seen following higher. *China stocks stabilize after Monday's 8 pct drop. The rise in Europe and most Asian markets overnight looked set to extend to U.S. markets where stock index futures pointed to Wall Street edging up 0.2 percent.

  • European stock markets advance, Italcementi surges Wednesday, 29 Jul 2015 | 6:19 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent.

  • LONDON, July 29- Emerging stocks snapped a five-day run of losses on Wednesday, lifted by a Chinese market bounce, but currencies were broadly weaker before a Fed meeting that may set the stage for the first U.S. rate rise in nine years. Stocks worldwide firmed on some healthy corporate results, which along with 3.5 percent gains in mainland China, lifted MSCI's...

  • European stock markets climb higher, Italcementi surges Wednesday, 29 Jul 2015 | 4:06 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares climbed on Wednesday, lifted by strong corporate results and bid activity including a move HeidelbergCement to take control of Italcementi. In Europe, Italcementi jumped up around 50 percent on Wednesday after HeidelbergCement agreed to buy control of it.

  • LONDON, July 29- Britain's Compass Group, the world's biggest catering firm, said operating profit this year and next would be hit by restructuring costs as it looks to offset weakness in its offshore& remote business and in Australia, Brazil and Turkey. Shares in the firm fell 4 percent in early trade, the biggest fall on the FTSE 100 Index. The group reported organic...

  • NEW YORK— U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. "Yeah, the economy is improving, but they are not really saying that the economy is taking off here," said Tom di Galoma, head of rates trading at ED&F Man Capital. There are several reasons why the Fed...

  • Wall Street's Dow Jones industrial average was up 128.01 points, or 0.73 percent, to 17,568.6 in midday New York trade, the S&P 500 gained 18.45 points, or 0.89 percent, to 2,086.09 and the Nasdaq Composite added 32.60 points, or 0.65 percent, to 5,072.38. RSA Insurance Group jumped 18 percent after Zurich Insurance said it was considering a bid for the British group.

  • NEW YORK, July 28- U.S. and European stocks were on track to snap five-day losing streaks on Tuesday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices. RSA Insurance Group jumped 11 percent after Zurich Insurance said it was considering a bid for the British group, which has a market...

  • Asian stocks post cautious gains ahead of Fed statement Tuesday, 28 Jul 2015 | 10:17 AM ET

    "We just don't see any significant catalyst that will move this market higher, even after last week's declines," said Kristina Hooper, global market strategist with Allianz Global Investors. UPS rose $4.82, or 5.1 percent, to $99.94. UPS earned $1.23 billion, or $1.35 per share, for the three months ended June 30.

  • LONDON, July 28- Emerging stocks languished near a two-year low on Tuesday after Chinese shares took another beating while currencies, mired around multi-year lows, were pulled in different directions by the rising dollar and falling oil prices. MSCI's emerging market stock index was flat after Chinese shares closed down 1.7 percent with Beijing scrambling...

  • *Kering, Statoil up on encouraging company updates. LONDON, July 28- European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth. RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with...

  • *European, U.S. stocks shrug off China fall. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were all up around 0.5 percent too, while S&P futures pointed to similar gains at the open on Wall Street. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan ended the day 0.2 percent higher after falling nearly 1 percent early on, touching its lowest...

  • HELSINKI— Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner. Revenue dropped to 124 billion kroner in the period, down from more than 142 billion kroner a year earlier. Statoil said it expects pre-tax cash flow...

  • HONG KONG, July 28- Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed after Beijing scrambled to prop them up while some investors took shelter from market volatility in safe-haven assets such as government bonds and the Japanese yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent on the day after...

  • China stocks fall for second day, Europe rises Tuesday, 28 Jul 2015 | 1:09 AM ET

    BEIJING— Chinese stocks fell further Tuesday after suffering their biggest drop in eight years the previous day while most other Asian markets declined and Europe rose. In Europe, Germany's DAX was up 0.9 percent at 11,150.48 and France's CAC-40 gained 0.8 percent to 4,967.18. CHINA'S PLUNGE: The Shanghai index fell 8.5 percent on Monday, its biggest one-day...

  • SINGAPORE, July 28- Oil prices fell close to four month lows in early Asian trade on Tuesday after stock market sell-offs on both sides of the Pacific rattled investor sentiment about the Chinese economy, adding to concerns about a global oil glut. It's a trend which says investors are selling, "said Jonathan Barratt, chief investment officer at Sydney's Ayers...

  • MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2- 5 percent lower. Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main China indexes falling by a third in less than a month before rebounding by a quarter,...