Mark Grant, Southwest Securities, explains why the Portuguese bank crisis may spread to Brazil and Italy, but will not be a disaster for U.S. markets.» Read More
*Iliad, Bouygues up on sector consolidation hopes. However, Iliad rose 6.3 percent, the top gainer on the FTSEurofirst index, and Bouygues advanced 5.3 percent on expectations of more consolidation in the French telecom sector.
*Iliad, Bouygues up on sector consolidation hopes. However, Iliad rose 6.3 percent, the biggest gainer on the FTSEurofirst 300, and Bouygues advanced 4 percent on expectations of further consolidation in France's telecom sector.
*Alstom gains as Hitachi says may join bid for energy unit. PARIS, June 12- European shares were steady on Thursday as a World Bank cut in global growth forecasts offset merger hopes in the telecom sector and news of a new bidder for Alstom's energy business.
A cut by the World Bank of its global growth forecast prompted investors to book recent lofty gains on Wall Street on Wednesday. Stock markets in Paris, Amsterdam, Brussels and Lisbon were down early on Thursday.
*Nikkei gains ground following MSCI decision. PARIS, June 11- Stocks slipped from near recent highs on Wednesday while the euro retreated towards a four-month low in the wake of upbeat U.S. economic data and the European Central Bank's monetary easing.
*Euronext says price range is 19- 25 euros/ share. *Euronext targets annual revenue growth of 5 pct. PARIS, June 10- European financial markets operator Euronext unveiled plans to raise up to 1.16 billion euros in an initial public offering valuing the firm at 1.75 billion euros and forecast a return to revenue growth over the next three years.
PARIS, June 10- Euronext said on Tuesday it aims to raise between 880 million euros and 1.158 billion euros in an initial public offering which would value the European financial markets operator at up to 1.75 billion euros.
*Euro STOXX 50 near 6- year high. LONDON, June 9- Spain, Italy and Portugal outperformed other European stock markets on Monday, as investors stepped up bets that they would benefit most from the European Central Bank's latest economic stimulus measures.
SAO PAULO, June 5- A surge in non-performing loans at Brazil's state-run banks that began in the second half of 2013 is likely to intensify in coming quarters, reinforcing the need to set aside more money to cover potential losses, Moody's Investors Service said on Thursday.
LONDON, June 4- Euronext's London market has been approved as a full exchange by Britain's financial regulator, putting it on a level footing with rivals such as the London Stock Exchange Group and BATS Chi-X Europe.
*Too early for UK to raise rates but getting closer. *India central banks meets for first time since Modi election. LONDON, June 1- The European Central Bank will eclipse all else in economic terms this week, following heavy hints that monetary policy will be loosened in a variety of ways.
*Portugal's PSI rises 1 pct, boosted by BCP, BES. *Hugo Boss falls after share placement. The move, which had to be approved by Portugal's central bank, was interpreted as a sign of confidence in the bank's health before the European Central Bank's asset-quality review.
*Portugal's PSI rises 1.7 pct, boosted by BCP, BES. *Hugo Boss falls after share placement. LONDON, May 28- Portuguese shares outperformed mostly flat European equities on Wednesday, bolstered by reassuring signs from the country's largest listed banks.
Euronext listing in Paris, Amsterdam, Brussels at first. The U.S. group had always intended to spin-off Euronext after its $11 billion deal last year to take over NYSE Euronext, which gave it control of the New York Stock Exchange.
*ICE listing firm in Paris, Amsterdam, Brussels at first. PARIS/ LONDON, May 27- IntercontinentalExchange Group is pressing ahead with a listing of European exchange Euronext, which two sources familiar with the matter said could achieve a valuation of at least 1.5 billion euros.
*ECB Forum on Central Banking May 25-27 in Sintra, Portugal. FRANKFURT, May 23- The European Central Bank launches its own version of the prestigious Jackson Hole annual retreat in Portugal on Sunday, inviting policymakers and academics to debate ahead of June's crunch policy meeting.
Antonio Barroso, senior vice president at Teneo Intelligence, says the Portuguese government will not backtrack on its tough austerity reforms, but will need to offer voters incentives ahead of the election.
*Euro STOXX 50 rises 0.3 pct to 3,172.72 points. LONDON, May 16- Corporate takeover activity propped up European equities on Friday, allowing key indexes to recover after a sell-off in the previous session caused by weak economic data in Portugal and Italy. The euro zone's blue-chip Euro STOXX 50 index also rose 0.3 percent, to 3,172.72 points.
Antonio Garcia Pascual, chief euro area economist at Barclays, comments on Portugal and says that while challenges remain, overall the picture is positive.
*Portugal's PSI-20 market falls for 4th session. LONDON, May 16- Portugal's stock market fell for a fourth straight session on Friday on concerns over the country's economy, preventing broader European equity indexes from making much progress.