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Archive Europe Markets

  • DUBAI, Nov 19- Middle Eastern stock markets generally fell on Sunday, weighed down by geopolitics and concern about Saudi Arabia's anti-corruption crackdown, while Dana Gas shares sank in Abu Dhabi because of a British High Court ruling on its Islamic bonds. In the last few weeks, geopolitics have become a significant factor for regional markets amid concern...

  • *Wall St off, weighed by tax uncertainty ahead of Thanksgiving. NEW YORK, Nov 17- The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. But the celebration was short-lived as the focus...

  • *Wall St off, weighed by tax uncertainty, Thanksgiving prep. NEW YORK, Nov 17- The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at U.S. tax reform. But the celebration was short-lived as the focus turned to a...

  • LONDON, Nov 17- Have money, will invest. The epic multi-year rally has sent world stocks to record highs more than 180 times so far in 2017, adding around $7 trillion to the value of MSCI's all-country index. Global wealth rose almost $17 trillion in the past year to $280 trillion, Credit Suisse's annual report said this week.

  • LONDON, Nov 17- World stocks clawed back more losses on Friday after spending much of the week in the red, helped by signs of progress in U.S. tax reform and strong corporate results, though many hurdles remain to secure passage of a tax cut deal. The U.S. House of Representatives passed a tax overhaul expected to boost share prices if it becomes law.

  • LONDON, Nov 17- Investors pulled $6.8 billion from high yield bond funds over the past week, their third largest outflows on record, Bank of America Merrill Lynch said on Friday, as the sell off in junk debt accelerated. In the United States, three high yield bond deals were pulled from the market in the space of a week. BAML's analysts said the three-week "mini taper...

  • *Improving weather in Brazil keeps focus on ample supply. MANILA/ PARIS, Nov 17- U.S. corn futures held near a one-year low on Friday, as the market tried to find a footing after being dented by lower than expected U.S. export sales and the prospect of ample supply. The most-traded corn contract for December delivery on the Chicago Board of Trade was up 0.5 percent at...

  • LONDON, Nov 17- World stocks continued to claw back losses on Friday after spending much of the week in the red, boosted by signs of progress in U.S. tax reform and strong corporate results. The U.S. House of Representatives passed a tax overhaul expected to boost share prices if it becomes law. The legislative battle now shifts to the Senate.

  • *FTSE 100 down 0.3 pct. The FTSE 100 was set for its second week of losses as a worldwide sell-off took the shine off risky assets, and Thursday's bounce proved to have little staying power. Pay-TV firm Sky shot up 3.1 percent to the top of the FTSE after sources said Comcast Corp and Verizon Communications had expressed interest in acquiring part of Rupert...

  • LONDON, Nov 17- Earnings-driven gains on Wall Street pushed emerging stock markets higher on Friday, with Indian assets racing ahead following a ratings upgrade. MSCI's emerging markets index rose 0.6 percent thanks to solid gains in major Asian bourses with Taiwan up 0.7 percent and Hong Kong nearly matching that as tech heavyweight Tencent Holdings jumped...

  • TOKYO, Nov 17- Asian shares clawed back most of their weekly loss after rising firmly on Friday as strong Wall Street earnings and a step forward on U.S. tax reform brightened the mood, though many hurdles remain to secure passage of a tax cut deal. The dollar fell after the Wall Street Journal reported Special Counsel Robert Mueller's team last month subpoenaed...

  • NEW YORK— Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn't add to the previous day's gains. A slew of retailers including discount chain Ross Stores, shoe store Foot Locker and clothing companies Gap and Abercrombie& Fitch...

  • NEW YORK, Nov 16- U.S. stocks rose and the dollar edged higher against a basket of major currencies on Thursday after the U.S. House of Representatives passed its version of a tax overhaul bill. "The tax plan isn't a foregone conclusion but it passed the lowest hurdle in the House," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

  • *Energy stocks fall after Norway wealth fund proposes oil stocks exit. LONDON, Nov 16- European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a market-wide sell-off made a comeback, though oil was a weak spot. "European equities suffered recently from the stronger euro and...

  • *Overweight EM stocks and local currency EM debt. LONDON, Nov 16- Despite a stellar run in 2017, emerging-market equities can continue their rally next year, Aviva Investors told the Reuters Global Investment Outlook Summit on Thursday, adding that conversely, U.S. tech stocks looked a little rich. Peter Fitzgerald, global head of multi-assets at Aviva Investors,...

  • *FTSE 100 inches up 0.2 pct, mid caps up 0.8 pct. The FTSE was up 0.2 percent at 7,386.94 points at its close, with gains in the healthcare and consumer sectors offsetting weaker commodity stocks. Oil stocks were among the top fallers on the FTSE, hit after Reuters reported that Norway's trillion-dollar wealth fund proposed to drop oil and gas companies from its...

  • OSLO, Nov 16- Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower. The proposal came in a letter sent by the central bank to the finance ministry...

  • *Wall Street rises, Cisco and Wal-Mart help mood. NEW YORK, Nov 16- Investors returned to stock markets around the world on Thursday, inspired by bargain hunting and strong corporate earnings reports, while anticipation of a vote on U.S. tax policy limited the dollar's gains. After five consecutive daily losses on the MSCI index of world stocks bounced back helped...

  • U.S. stocks closed sharply higher Thursday, snapping a two-day losing streak. Investors cheered strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies. "Investors have been looking to buy on weakness and they got a little bit of it," said Erik Davidson, chief investment officer for Wells Fargo Private Bank.

  • *Futures tip higher openings for Wall Street. LONDON, Nov 16- Investors tentatively returned to world stock markets looking for bargains on Thursday, after Europe's longest losing streak of the year and the worst run since March for the top global indices. Benchmark indices in Tokyo, Shanghai and Hong Kong and Seoul all rallied overnight, London, Frankfurt and...