| Europe Market Update Archive: |
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EADS, Vodafone Lead Europe Up
Oct 10, 12:40 PM EDT |
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| Smart-card maker Gemalto closed up 2.8% after it said that it signed a two-year agreement to supply SIM cards to Virgin Mobile. |
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| European markets advanced Tuesday on subsiding interest rate concerns and well-received management changes at EADS and Vodafone Group. The French CAC 40 gained 0.4%, boosted by 3.9% gain at aerospace operator EADS, while London FTSE 100 closed up 0.4%, with Vodafone Group leading the index higher. The German DAX 30 rose 0.5%, supported by shares of automaker Volkswagen. |
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Europe Overcomes Fears
Oct 10, 6:48 AM EDT |
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| European markets hit fresh five-year highs Tuesday as stock markets recovered from the geopolitical worries of the previous session. |
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| European stocks traded higher on Tuesday morning as investors took their cue from U.S. relief on the direction of future interest rates and as the market backed recent management changes at aerospace group EADS and mobile operator Vodafone Group. London FTSE 100 gained 0.3%, Frankfurt Xetra Dax added 0.5% to 6,111.41, and the CAC 40 in Paris climbed 0.4%. |
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Quiet Trading on Merger Monday
Oct 09, 4:09 PM EDT |
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| Gold up for a third day in a row, volatile oil closed lower. Cablevision in a bid to be taken to private at $27 per share. |
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| With the bond market closed for a holiday and no economic data to focus on, investors looked ahead to the coming earnings season. Expectations for another quarter of double digit earnings season are prevalent in among traders. Steel stocks rose as wave of consolidation in the industry is expected to continue. Volatile oil closed higher but energy stocks closed lower. Monster Worldwide CEO resigned on stock option investigation. |
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U.K. Up, Germany and France Flat
Oct 09, 12:51 PM EDT |
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| Swedish truck maker Scania dropped 4.4% after German truck maker Man AG's said it may abandon its 9.6 billion euro hostile bid for Scania. |
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| European markets finished mixed, with commodities-related stocks posting solid gains, while media stocks moving notably down. Commodities prices surged after North Korea announced a successful underground nuclear test Monday. The media sector came under pressure after Goldman SAX downgraded the sector to neutral from attractive. London FTSE ended up 0.4%, the French CAC 40 ended slightly up at 5,284, while the German DAX 30 inched down to close at 6,084. |
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North Korea Worries Weigh Europe Lower
Oct 09, 6:49 AM EDT |
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| European markets declined on Monday as geopolitical tensions mounted following a nuclear test by North Korea. |
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| Oil prices also rose above $60 a barrel, with Iran adding to international tensions after it announced on Sunday it would not suspend its nuclear programme in spite of the increasing likelihood of sanctions from western powers. In Europe carmakers dropped in response to the higher direction of oil prices. Frankfurt Xetra Dax shed 0.5% and the CAC 40 in Paris lost 0.3%. London FTSE 100, however, added 0.3%. |
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Weaker Job Report Surprise
Oct 06, 7:03 PM EDT |
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| Google is reported to buy YouTube.com for as much as $1.6 billion. GM stock dropped more than 6%. |
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| Market averages declined on mixed employment report and sharp decline in General Motors. September non-farm payroll rose 51,000, significantly lower than Wall Street growth estimate of 121,000. However, August growth was revised to 188,000 from 128,000. Separate job survey reported that unemployment rate dropped to 4.6% in September from 4.7% in August. GM dropped 6.3% on the news that Tracinda will not raise its stake in the company and Jeremy York will resign from the GM board. |
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Telecoms Pressure Europe
Oct 06, 12:44 PM EDT |
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| Barclays and Lloyds TSB boosted the banking sector after a report that BBVA could be interested in merging with either of the two. |
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| European markets closed slightly lower, reflecting weakness in the telecoms sector and disappointing U.S. employment report. Telecommunication stocks came under pressure after Deutsche Bank downgraded Vodafone Group and Telecom Italia to hold from buy, sending their shares down by 1% and 1.5% respectively. The German DAX 30 ended flat at 6,073, the French CAC 40 dipped 0.2%, and London FTSE 100 lost 0.1%. |
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Bid Talks Lift Europe
Oct 06, 6:34 AM EDT |
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| European markets edged higher Friday as M&A lifted the banking sector and airlines were boosted after Ryanair made an offer for Aer Lingus. |
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| Most European stocks were firm on Friday morning ahead of a key U.S. jobs report, with advances from airlines easyJet and Aer Lingus helping to compensate weakness from Vodafone Group and Telecom Italia. Sentiment was kept in check before key U.S. jobs figures due out later in the day. The FTSE 100 in London reached 6,006.6, Frankfurt Xetra Dax was 0.1% higher at 6,083.12, and the CAC 40 in Paris was slightly higher at 5,289.52. |
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Retail Sales Drive Averages
Oct 05, 5:23 PM EDT |
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| Same store sales reports supported trader sentiment in the sector. Broader averages rose a fraction as oil price worries eased. |
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| Oil rose 1%, gold gained $8 and retails sales stores reflcted changing consumer behavior. Market averages rose in the last hour of trading as traders rushed to buy retailers. Caterpillar advanced on upgrade and Marriott gained on earnings. Constellation Brands fell 8% on reporting earnings in line with estimates. Guitar Center fell 12% on lowered earnings and revenue outlook for Q3 and Q4. Starbucks raised store target to 40,000 from 30,000 and to open stores in India, Russia and Brazil. |
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Europe Hits Five-Year High
Oct 05, 12:41 PM EDT |
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| Aer Lingus shares advanced 15% on news Ryanair Holdings had offered to buy the firm for 1.48 billion euros, or 2.80 euros a share. Ryanair slipped 1%. |
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| European markets closed at a five-year high Thursday, boosted by takeover speculation, rebound in commodities prices, and interest-rate increases in line with expectations. London FTSE 100 closed up 0.6%, with Corus Group rising 16% amid hopes that it will enter into a deal with India''s Tata Steel. The German DAX 30 rose 0.5%, while the French CAC 40 advanced 0.6%. |
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