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European shares closed down on Friday, with losses led by the banking sector, in tandem with weakness on Wall Street due to ongoing concerns about the U.S. fiscal policy outlook.
PATRICK LEGLAND, Global Head of Research, Societe Generale says there is a structural change under way in exchanges as market volumes have fallen and people have moved to dark pools.
European stocks ended lower on Thursday, with a key index hitting a two-month low, as data that showed the euro zone had slipped into recession again spooked investors.
Bargain-hunting and talk of a financial aid deal for Greece pushed European shares into a positive close, despite gloomy German data and negative corporate news.
European shares ended lower for a fourth straight session on Monday, with mounting uncertainties related to a looming U.S. fiscal crisis and the next tranche of aid for Greece hurting investor sentiment.
European stocks trimmed losses on Friday to close narrowly in the black after a batch of positive U.S. data suggested the world's largest economy grew more than initially estimated in the third quarter.
European equities ended slightly down on Thursday following a roller-coaster session marked by brisk volume, with rekindled worries about Greece keeping investors on edge.
European shares reversed course on Wednesday to close lower, after data showed weak German industrial production. European indexes had rallied in the morning session after U.S. President Barack Obama won re-election.
European equities were lifted by a clutch of strong earnings reports on Tuesday, although volumes were subdued as many preferred to wait for the outcome of the neck-and-neck U.S. Presidential campaign.
The European markets closed lower on Monday as investors remained cautious ahead of Tuesday’s U.S. presidential election. Investors across the globe are nervous as to how the U.S. will contend with an automatic $600 billion in spending cuts and tax hikes at the end of the year — known as the fiscal cliff — after the election.
The listing of Russia’ largest bank Sberbank on the London Stock Exchange, raising some $5 billion, is just the beginning of a wider trend and shows how Russian state-owned businesses are increasingly turning towards privatization, Anton Karamzin, deputy chairman and CFO of Sberbank, told CNBC.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
European markets are called to open in negative territory on Tuesday as the debate continues over how far the European Central Bank (ECB) can, or will, go to save the euro zone.
European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.
London Metal Exchange shareholders voted on Wednesday to accept the $2.2 billion takeover offer by Hong Kong Exchanges and Clearing (HKEx), which will give the commodities trading platform further access to China, but one analyst says the deal is “a potential disaster” for the Hong Kong Exchange.
Rumors of yet another possible cross-border merger between two stock exchanges gathered pace on Friday, after a British newspaper reported that Singapore and London bourses are in takeover talks. Still, most analysts believe a deal is unlikely to materialize, because the benefits of a tie-up are simply not compelling.
Xavier Rolet, CEO at the London Stock Exchange, told CNBC that the LSE has the right balance of regulation and oversight and that liquidity and expertise continue to reside in London.
The euro zone is facing its darkest hour but will emerge more competitive than in the past, the chief executive of the London Stock Exchange told CNBC on Friday, though he noted that smaller businesses are very important to Europe’s recovery.
NYSE Euronext and CME Group, the two US exchange groups, have submitted bids for the London Metal Exchange, valuing it at up to £1 billion and kicking off a contest for the commodities business, according to people familiar with the matter. The FT reports.
CNBC's Rebecca Meehan reports the latest details on global markets from London.