Archive Europe Markets

  • *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...

  • 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 on the back of rising prices of industrial metals such as copper. The broader UK market showed little reaction to Italian Prime Minister Matteo Renzi's resignation announcement after he suffered a...

  • *Italy bond yields rise 14 bps after' No' before pulling back. LONDON, Dec 5- Italy's borrowing costs rose as much as 14 basis points on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, but recovered much of the lost ground on hopes that a snap election would not be necessary. With worries before Sunday's vote...

  • BEIJING— Asian shares tumbled Monday while Europe opened higher after Italian voters rejected constitutional changes, raising questions over whether the country will stay in the European Union and keep using the euro. London's FTSE 100 advanced 0.2 percent to 6,744.30. On Friday, the CAC-40 fell 0.7 percent, the FTSE 100 finished 0.3 percent lower and the DAX...

  • DUBAI, Dec 5- Stock markets in the Gulf fell in early trade on Monday as investors took profits on gains in the past few weeks after the mood in global markets darkened because of the' no' vote in Italy's referendum on constitutional reform. The euro has dropped to a 20- month low and investors are exiting riskier assets after Italian Prime Minister Matteo Renzi said...

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • DUBAI, Dec 5- Shares in the Gulf may slip on Monday as the global market mood has turned negative after Italy voted' no' on constitutional reform, while shares in Egypt's Orascom Telecom could be hit by the surprise news that Naguib Sawiris is stepping down as chief executive. The euro has dropped to a 20- month low and investors are exiting riskier assets after...

  • *SSEC -1.3 pct, CSI300 -1.8 pct, HSI -0.4 pct. HONG KONG/ SHANGHAI, Dec 5- China stocks slumped on Monday morning, with the blue-chip index set for its biggest fall in six months after China's top securities regulator warned against "barbaric" share acquisitions, though small-caps were firm as the Shenzhen- Hong Kong investment link went live. Mainland blue-chips...

  • HONG KONG/ SHANGHAI, Dec 5- China's indexes tumbled on Monday as investors worried about the broader implications of the Italian referendum on the global markets and stern comments over the weekend by the chairman of China's markets' regulator regarding leverage buy-outs. Hong Kong stocks also felt the brunt though the impact was a bit muted.

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...