LONDON, Jan 13- Retail shares led European equities higher on Tuesday, with expectations of new economic stimulus measures from the European Central Bank also helping to prop up stock markets. German retailer Metro AG climbed 4.5 percent after strong Christmas sales. British supermarket operator Morrison also advanced 4.5 percent as investors welcomed the...
*Traders eye Greece and Italy Presidency situations. PARIS, Jan 13- A rise in retail shares pushed up European equities on Tuesday, while expectations of new economic stimulus measures from the European Central Bank also propped up stock markets. German retailer Metro AG climbed 3 percent after it reported strong Christmas sales.
*Q1 sales 18.3 billion euros vs forecast 18.2 billion. BERLIN, Jan 13- Metro AG, Europe's fourth-biggest retailer, saw a recovery gain pace at three of its four businesses in the important Christmas quarter, with growth in consumer electronics the strongest since 2006, boosting its shares. Stripping out the impact of the disposal of hypermarkets in eastern...
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program.
European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy. However, both European and U.S. shares pared some gains after Bernanke's more hawkish comments in the Q&A session.
Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.
European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.
German billionaire Otto Beisheim, one of the founders of German retail group Metro , took his own life after being diagnosed with an incurable illness, his family company said on Monday.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
--We believe that Germany- based retailer Metro AG's. profitability will continue to weaken as indicated by the company's 2012 EBIT revision to EUR2 billion from almost EUR2.4 billion. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services revised its long-term corporate credit rating on German retailer Metro AG to' BBB-' from' BBB'.
FRANKFURT, Oct 9- Metro AG:.
*Moody's lowers Metro AG to baa3; outlook stable.
FRANKFURT, Oct 9- The DAX top-30 index looked set to open 0.3 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0619 GMT. Related news DEUTSCHE BANK, COMMERZBANK Deutsche Bank indicated 0.3 percent higher Commerzbank indicated unchanged.
*Barclays cuts Metro AG to equal weight from overweight; target. price to 23 euros from 32 euros. Reuters Station users, click. 1580.
*Commerzbank cuts Metro AG price target to 21 euros from 23.50. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Natixis cuts Metro AG price target to 20 euros from 22.5 euros;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.