| Europe Market Update Archive: |
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Home Sales Revive Averages
Nov 28, 7:00 PM EST |
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| October Durable goods orders fell 8.3%, the largest drop in six years, home sales in the month rose 0.5% but prices fell 3.5%. |
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| A sharp fall in October durable goods orders and latest decline in consumer confidence index kept averages lower for the second day in a row. Percieved positive comments on economy from Fed Chairman and a rise in existing home sales revived averages in the afternoon trading. Asian and European markets closed lower. Oil rose on approaching winter weather and contiinued violence in occupied Iraq. Banks, brokerage and financial services stocks led the gainers. |
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Dollar-Sensitive Stocks Depress Europe
Nov 28, 12:57 PM EST |
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| Financial stocks dropped in London, including Barclay, down 1.7% and Old Mutual, down 5.8%. |
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| European stock markets finished down Tuesday for a fifth straight trading session, as weakness in the U.S dollar continued to weigh on world markets. Dollar-sensitive stocks like automakers and tech stocks were the most notable decliners. The German DAX 30 dropped 0.3%, the French CAC 40 lost 0.1%, while London FTSE 100 slipped 0.4%. |
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Techs, Autos Pressure Europe
Nov 28, 6:44 AM EST |
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| European shares looked set to clock a fifth day of losses on Tuesday, as stocks such as banking group Barclays traded lower in early deals. |
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| Dollar weakness continued to concern markets as such as automakers and technology companies continued to lose ground as both the euro and pound held their ground against the dollar. A weaker dollar is usually negative for companies that export to the U.S. because they receive less revenue and become less competitive. The U.K. FTSE 100 index lost 0.48%, the German DAX Xetra 30 index declined 0.43%, while the French CAC-40 index lost 0.64%. |
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Nasdaq Down 2.2%, S&P Down 1.4%
Nov 27, 4:49 PM EST |
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| Dollar fell against Euro in international trading. Gold rose to eleven-week high and silver up 50% year to date. Ford will borrow $18 billion. |
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| Market averages closed lower on worries on holiday sales, economic growth, falling dollar and rising oil price. Wal-Mart fell 3% on weaker sales during Thanksgiving Weekend draggig with it other discount retailers. Deep discounts in electronics drove consumers to stores. Ford Motor Company to borrow as much as $18 billion to pay for lay-offs and plant closures. Ford stock falls more than 4%. Silver and Gold trade near record levels. Google drops 4% on specualtion and critical comments in media. |
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Steep European Decline
Nov 27, 1:27 PM EST |
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| Dollar-sensitive stocks droopped, with Siemens falling 2.9%, SAP slipping 1.7%, and DaimlerChrysler, down 2.8%. |
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| European stock markets closed steeply lower Monday, largely due to the continuously weakening dollar which hurt exporter-oriented issues. However, German drugmaker Bayer helped limit the downbeat trend, rising 2.2% on better-than-forecast results. The German DAX 30 tumbled 1.8%, the French CAC 40 slipped 1.5%, while London FTSE 100 dropped 1.2%. |
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Flat Start for Europe
Nov 27, 6:33 AM EST |
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| European stock markets made a weak start to the new trading week on Monday due to ongoing concerns about the impact of a weaker dollar. |
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| Worries flourish over the influence of the slipping dollar on companies which generate a high proportion of their earnings in the US. Dollar-sensitive stocks such as software company SAP countered gains from some commodity based stocks and upbeat results from drugmaker Bayer. The U.K. FTSE 100 index lost 0.04%, while the German Xetra Dax traded 19 points or 0.2% lower and the French CAC 40 lost 15 points or 0.3 %. |
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Dollar Declines, Gold Up $10
Nov 24, 2:11 PM EST |
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| The U.S. dollar declined in thin trading against euro and pound. The U.S. economic worries and futures unwinding supported the dollar decline. |
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| Investors watched consumers battle for discounts at malls and stores. Early indications show a steady flow of customers at malls across the country. Fall in dollar in the international markets against euro and pound kept major stock averages under check in Europe and the U.S. The decline in dollar in the last three days has supported a steady rise in gold, silver and platinum prices. Dollar falls to eighteen-month low against euro and two-year low against pound. Euro closed above $1.30. |
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Exporter Stocks Push Europe Lower
Nov 24, 1:04 PM EST |
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| The French oil-services group Technip jumped 7.6% on news that Eni may bid for it. |
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| European stock markets ended lower for the third consecutive session after the U.S. dollar tumbled to its lowest level against the euro since April 2005. Consequently, exporter-related issues declined, with Siemens, Nestle, and BASF each falling 1%. The German DAX 30 slipped 1%, followed by the French CAC 40, down 0.7%, and London FTSE 100, down 0.3%. |
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Europe Lower as Euro Surges
Nov 24, 6:38 AM EST |
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| European stocks fell on Friday, after exporters were hit as the euro soared to its highest level this year against the dollar. |
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| The euro on Friday broke through the $1.30 level for the first time since April 2005, and continued hovering above that barrier. On Wednesday, economic data showed waning U.S. consumer confidence and growing jobless claims, prompting a big dollar sell-off. Banks also fell in Europe on concerns equity market losses could hit future profits. In early exchanges, London FTSE 100 fell 0.5%, Frankfurt Xetra Dax shed 0.9%, in Paris the CAC 40 lost 0.7%. |
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Europe Falls, Asia and S.America Rise
Nov 23, 4:23 PM EST |
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| World markets continued to move higher on lower energy price and expectations that global merger activities will increase. |
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| Markets around the world inched higher except in Europe. Canadian, Asian and Latin American markets closed higher on optimistic look on oil and gas price and expected rise in merger activities in the U.S. European markets closed lower for the second day after gaining for a week. Rise in German business confidence to a fifteen year high supported a rise in euro against dollar. In the U.S. next week market awaits GDP growth, construction spending and new and existing home sales. |
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