Tag Archives: European

Auto stocks lead European shares lower amid US-China trade stand-off

European shares extended losses early on Monday from the biggest weekly slump this year as the US-China stand-off quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index fell 0.1 per cent by 0720 GMT, with Germany’s trade-sensitive DAX under pressure more than its peers. Asian shares fell and ... Read More »

Asia Stocks Firm As Upbeat US, European Data Boosts Confidence

Japan’s Nikkei gained 1 percent to top the psychologically important 20,000-point level. Tokyo: Asian stocks edged up on Friday and the dollar bounced from recent lows as upbeat data on U.S. manufacturing and employment and buoyant European factory growth boosted investor optimism. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, while Japan’s Nikkei gained 1 percent ... Read More »

UK economy to slow down, says European Commission

The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year. The Commission says the slowdown is prompted by uncertainty following last June’s Brexit vote in the UK. By contrast, ... Read More »

Euro, European bonds unnerved by French politics

The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from French government bonds. The premium investors demand for buying French 10-year government bonds FR10YT=TWEB over German 10-year bonds DE10YT=TWEB rose to 78 basis points, the highest level since November 2012 before easing back ... Read More »

European stocks rocked by return of volatility after summer lull

* STOXX 600 drops 1.1 pct * Biggest one-day fall since August * Central banks seen as less dovish than previously * Retail stocks led lower by Inchcape * French company Rubis touches record high LONDON, Sept 9 European stocks fell sharply on Friday, dropping suddenly in afternoon trade following a sell-off on Wall Street as investors reacted to less ... Read More »

European shares hit two-week lows, yen rises as Japan backs stimulus

European stocks fell to two-week lows on Tuesday, dragged down by banks, while the yen rose against the dollar and government bonds sold off after Japan’s cabinet approved a fiscal stimulus package to revive the flagging economy. Oil fell again, with U.S. crude dipping below $40 a barrel as a supply glut weighed on prices. The pan-European STOXX 600 index ... Read More »

Financials lead gains on European shares

European shares edged higher in early trading on Friday, with EDF surging after its board approved Hinkley Point nuclear project, while Kering gained after positive update from its flagship fashion brand Gucci. Financials were in demand, with the STOXX Europe 600 Banks index gaining 1.8 percent. Barclays rose 3.8 percent after results, while UBS gained 2.8 percent after beating second ... Read More »

European Investment Bank to open regional office in Delhi by year-end

The European Investment Bank or EIB that supports long term investments for development projects in India will open a regional office for South Asia here by the end of the year to augment its operations in the sub-continent. Last week Werner Hoyer, the president of the European Investment Bank, announced that the world’s largest multilateral public bank would strengthen engagement ... Read More »

European banks face US capital hit unless rules converge

European banks may be forced to hold another $5bn of regulatory capital to trade equity options in the US unless transatlantic regulators can strike a deal to close a gap in markets rules. The stark warning from industry executives comes when many worry over further delays among regulators’ in completing a framework to monitor some of the world’s most actively ... Read More »