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Archive Europe Markets

  • *World stocks struggle, Wall Street falls. NEW YORK, Feb 20- U.S. yields rose in government debt auctions on Tuesday and yields on short-term bills hit their highest levels since September 2008, bolstering the U.S. dollar but helping end a six-session rebound in world stocks. Wall Street stocks were also hurt as Walmart, the world's biggest brick-and-mortar...

  • *UAE: OPEC, allies to study long-term cooperation in June. *OPEC research head: oil pact has cut surplus to 74 mln bbls. The Organization of the Petroleum Exporting Countries and non- OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, United Arab Emirates'...

  • *OPEC research head: oil pact has cut surplus to 74 mln bbls. *UAE: OPEC, allies to study long-term cooperation in June. The combination of a new pipeline running from the hub to Memphis, along with reduced flows from TransCanada's Keystone pipeline, have sent stockpiles in Cushing to the lowest in about three years.

  • *STOXX index up 0.6 pct at close. LONDON, Feb 20- European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital. HSBC dropped 3 percent after its trading update, the last under outgoing CEO Stuart Gulliver, who has pushed...

  • *World stocks struggle, Wall Street dips after recent gains. NEW YORK, Feb 20- A six-day rebound in world stocks sputtered on Tuesday, hurt by rising bond yields and disappointing earnings from U.S. retailers, while the U.S. dollar extended a rebound from three-year lows. Pressured by higher yields, Wall Street's main equity indexes fell after six straight days of...

  • LONDON, Feb 20- European shares were mixed ahead of Wall Street's return from a holiday, with banks falling after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital. At 0955 GMT, the pan-regional STOXX 600 benchmark was unchanged at 378.24 points after Europe ended a three-day recovery during the previous...

  • LONDON, Feb 20- The Indian rupee slid to a near three-month low on Tuesday amid growing concerns about an alleged major bank fraud at India's second-largest state-run lender, whilst emerging stocks fell half a percent. Investors have also been unsettled by India's trade deficit hitting its highest in over 4-1/ 2 years in January. India's 10- year local...

  • *FTSE down 0.1 pct; mid cap index up 0.7 percent. MILAN, Feb 20- The UK's top share index inched lower on Tuesday, weighed down by a disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness. The FTSE index was down 0.16 percent at 7,236 points by 0825 GMT, underperforming a broadly positive European market, while the...

  • LONDON, Feb 20- A six-day rebound in world stocks began to splutter on Tuesday, as bond market borrowing costs regained traction and the dollar kicked firmly away from a three-year low. Europe's main bourses saw steady start as lower domestic currencies helped their cause but weakness across Asia where Tokyo saw a 1 percent drop meant MSCI's 47- country world...

  • *CEO says will meet activist investor Elliott Advisors. MELBOURNE Feb 20- Global miner BHP reported a 25 percent rise in underlying half-year profit on Tuesday, and handed an extra $800 million to shareholders, but it fell short of analyst forecasts and rising costs also dragged down the shares. BHP is also battling with activist investor Elliott Advisors, which...

  • *China Enterprises index HSCE falls 1.1 pct. HONG KONG, Feb 20- Hong Kong's benchmark Hang Seng index fell on Tuesday, when the city's markets reopened following the Lunar New Year holiday, with HSBC leading the slide after reporting a pretax profit below forecasts. The Hang Seng China Enterprises index fell 1.11 percent to 12,396.87.

  • *Hong Kong shares fall as much as 3.2 percent. HONG KONG/ LONDON, Feb 20- HSBC Holdings reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise up to $7 billion over the next four months to bolster its capital base, as the bank prepares for growth under a new leadership. HSBC reported on Tuesday a profit before tax of $17.2 billion...

  • The biggest drop in Walmart's stock in 30 years and losses in other sectors pulled U.S. indexes lower Tuesday, snapping a six-day winning streak. Walmart plunged 10 percent after reporting weak online sales and disappointing earnings. "Investors have been lulled into a false sense that stock markets are not volatile," said Doug Cote, chief market strategist for...

  • *German Bund yields more than double in space of 2 months. *Longest stretch of weekly Bund yield rises since 2007. LONDON, Feb 20- The European Central Bank has its work cut out this year to make sure markets don't jump the gun on its policy normalization.

  • *Falls in Europe weigh on world stocks. In a day of relatively quiet trading owing to market holidays in the United States and China, losses in Europe weighed on stocks globally, which had earlier been propped up by gains in Japan. Shares in Tenaris, Outokumpu and Arcelor Mittal- which have facilities in the United States- were the biggest gainers in Europe, up between...

  • LONDON, Feb 19- Emerging stocks clawed their way slightly higher on Monday though currencies came under some pressure after the dollar found its footing, with South Africa in focus as markets awaited a cabinet reshuffle ahead of Wednesday's budget. Bourses in South Korea, Turkey and Poland gained, but stocks in Moscow and South Africa slipped.

  • LONDON, Feb 19- World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Trading was slower than usual due to market holidays in the United States and China, but moves in the steel sector were pronounced in the wake of the U.S. government outlining proposals...

  • SEOUL, South Korea— Asian markets were higher on Monday following Wall Street gains last week, as investors' jitters showed signs of easing. The Tokyo benchmark was just 2.7 percent lower than the year's start, recouping much of its losses earlier this month during a global rout. ANALYST'S TAKE: "For the most part, Asia markets look to take after the positive U.S. lead...

  • SEOUL, South Korea— Asian markets were higher on Monday following Wall Street gains last week, as market jitters showed signs of easing. ANALYST'S TAKE: "For the most part, Asia markets look to take after the positive U.S. lead and edge higher alongside U.S. futures this Monday," said Jingyi Pan, a market strategist at IG in Singapore. BANK OF JAPAN: Bank of Japan Governor...

  • NEW YORK/ LONDON, Feb 16- Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a three-year low and investors worried that U.S. inflation could heat up. up $0.9, or 0.1 percent, at $1,356.20 per ounce. "Gold is down on the stronger dollar today," Michael Ellingston trader at U.S.