| Europe Market Update Archive: |
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Italian Banks Raise Europe
Oct 16, 6:49 AM EDT |
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| European stocks were slightly higher on Monday, as advancing oil companies and merger talk boosted sentiment. |
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| Oil explorers, technology firms and Italian banks gained in early European market trading on Monday, although sentiment on the Continent was put off by disappointing earnings from Dutch consumer electronics giant Philips Electronics. By mid morning, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax was flat, and the CAC 40 in Paris was also little changed. |
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Retail Sales, GE Earnings, Four IPOs
Oct 13, 5:19 PM EDT |
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| Market averages continued their advances supported by healthy earnings, strong debut inIPO market and healthly retails sales data. GE profit rose 10%. |
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| September total retail sales fell 0.4%, excluding gasoline sales rose 0.6%. Consumer spending at elevated level. All four IPOs priced today had successful debut. SAIC, defense contractor rose 21%, Acme Packet surged 76%, eHealth gained 63% but UltraPetrol fell 5%. Defense Contractor SAIC is likely to rise further in the coming weeks. China foreign exchange cross $1 trillion. |
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Mining, Oil Stocks Push Europe Up
Oct 13, 12:57 PM EDT |
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| Shares of cosmetics giant L'Oreal traded down 2.3% after releasing disappointing sales figures. |
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| European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L’Oreal and early weakness on Wall Street. London FTSE 100 gained 0.3%, the German DAX 30 added 0.1%, while the French CAC 40 closed flat at 5,362. |
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Mining, Oil Stocks Push Europe Up
Oct 13, 12:45 PM EDT |
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| Shares of cosmetics giant L'Oreal traded down 2.3% after releasing disappointing sales figures. |
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| European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L’Oreal and early weakness on Wall Street. London FTSE 100 gained 0.3%, the German DAX 30 added 0.1%, while the French CAC 40 closed flat at 5,362. |
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Flat Trading in Europe
Oct 13, 7:00 AM EDT |
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| European markets lacked impetus Friday as gains for oil groups and telecoms stocks were wiped off by profit-taking in the banking sector. |
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| In Europe, a number of banking stocks fell as investors resorted to profit taking. Banca Intesa and Sanpaolo IMI, prospective Italian merger partners, were both lower in spite of the boards of both companies approving the merger. French cosmetics company L''Oreal and some weakness in the resource sector helped also offset technology stock gains. By mid morning, the FTSE 100 in London was little changed, the CAC 40 in Paris was 0.1% lower and Frankfurt Xetra Dax also remained also flat. |
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Earnings Propel Averages
Oct 12, 7:03 PM EDT |
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| Postive earnings from Yum Brands, Costco, Harley Davidson and same store sales ris at McDonalds helped averages to rise. Record trade deficit. |
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| Market maintained positive trend right at the opening. Positive momentum generated from the rising earnings from Costco, Yum brands and Harley Davidson supported market advance. Market ignored the record trade deficit registered in the month of August. Trade deficit with OPEC and China registered one half of total deficit. |
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Europe Edges Higher
Oct 12, 6:53 AM EDT |
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| European stocks edged higher on Thursday as truckmakers jumped boosted by strong results from Scania. |
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| Truckmakers rose on the heels of strong performance from takeover target Scania, which repeated its rejection of the offer of MAN. Scania reported a 31% growth in nine-month pre-tax earnings owing to a near-15% increase in revenues over the period. Technology shares also helped counter earnings-related weakness from French supermarket company Carrefour. By mid morning, the FTSE 100 in London climbed 0.3%, Frankfurt Xetra Dax rose 0.2%, and the CAC 40 in Paris added 0.4%. |
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Averages Struggle, Earnings Worries
Oct 11, 7:02 PM EDT |
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| Market traded in a tight range as investors dealt with weak earnigs and worries of inflation. McAfee CEO and Chairman resigned. |
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| Market averages remained subdued as investors faced lower than expected earnings from Alcoa, Genentech, Monsato and Legg Mason. Genentech profit rose 58% but missed revenue target. Legg Mason lowered its earnings range to between 96 cents and $1.02 missing Wall Street estimates of $1.06. Legg Mason fell 17%. Monsato reported wider loss in the fiscal fourth quarter. CNET, online publisher, said that its CEO, general counsel and head of human resources have resigned. The stock fell 7.7%. |
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European Stocks Decline
Oct 11, 6:39 AM EDT |
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| European shares were lower on Wednesday, as profit-taking seized the market and banks gave back some recent gains. |
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| European markets eased on Wednesday morning, after Alcoa kicked off the U.S. earnings season by missing analyst forecasts, putting mining shares under pressure and offsetting lower crude-oil prices. Other Europeanstocks were also lower as uncertainty about North Korea nuclear-testing plans still existed. By mid morning, the FTSE 100 in London shed 0.2%, while Frankfurt Xetra Dax slipped 0.4%, and the CAC 40 in Paris lost 0.6%. |
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Alcoa Reports Lower Net
Oct 10, 4:56 PM EDT |
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| Alcoa, Aluminum giant reported lower than expected operating earnings ad revenue for the third quarter. Home Builder stocks gain on upgrade. |
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| Popular averages traded in a tight range as investos awaited earnings season to start. Alcoa reported third quarter operating earnings of 66 cents a share on revenue of $7.63 billion. Analysts had expected earnings of 77 cents and revenue of $7.75 billion. Stock fell 8% in the after hours trading. European markets closed higherled by mining, technology and banking stocks. |
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