| Europe Market Update Archive: |
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Metals, Oil Boost Europe
Oct 05, 6:44 AM EDT |
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| European markets kept gaining on Thursday, with miners and oil stocks leading the advance as metals and crude prices advance. |
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| European stocks advanced in morning trade on Thursday, supported by deal speculation pushing shares of steelmaker Corus higher, a turnaround for oil and metals producers, and the second straight record high for the U.S. markets. Oil stocks gained ground from an overnight rally in crude prices. London FTSE 100 climbed 0.6%, Frankfurt Xetra Dax gained 0.6% and the CAC 40 in Paris added 0.6%. |
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Nasdaq Up 47, Dow Up 123
Oct 04, 4:44 PM EDT |
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| Fed chairman comments on housing market correction helped bulls to take charge in the last hour of trading. |
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| Bernanke comments inspired rally was in full swing in the final hour of trading. Chairman commented that housing market is undergoing a substantial crrection and it may lower GDP growth by one percentage this year. California Attorney General office is preparing to file criminal charges against former HP chairman Dunn and ohers. P F Changs rose 9% on earnings. |
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Vodafone, Barclays, Oil Boost Europe
Oct 04, 12:47 PM EDT |
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| Chipmaker Infineon Technologies closed higher by 3.1% following an upgrade to buy from neutral from Goldman Sachs. |
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| European markets closed notably higher. The upward move was brought by a strong rally in Vodafone shares and higher banking stocks which together with seven-month low crude oil prices counteracted a profit warning and losses for EADS. London FTSE 100 climbed 0.5%, the German DAX 30 rose 0.9%, and the French CAC 40 advanced 0.7%. |
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Europe Higher on Banks
Oct 04, 6:34 AM EDT |
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| European markets were higher on Wednesday as bank stocks were lifted by merger activities and positive U.S. close. |
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| Most European stock markets advanced in early trading on Wednesday after an overnight plunge in oil and gold prices sent the Dow industrials to a record high, but another profit warning from Airbus owner EADS and a decline from oil giant BP limited gains. The FTSE 100 in London gained 0.1%, Frankfurt Xetra Dax added 0.3% and in Paris, the CAC 40 was 0.2% higher. |
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Gold Down $21, Oil Down 4%
Oct 03, 4:02 PM EDT |
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| Near 4% drop in oil price below $60 and near 3% fall in gold price below $600 boosted broader average. |
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| Steep decline in oil and gold prices helped broader averages to rise. The expectations on better retail sales, due to be released tomorrow, also helped the Dow and Nasdaq. Oil fell 3.85% and gold dropped $21. Oil closed at seven-month low and gold at three-month low. General Motors Corp. Tuesday reported a 3.1% decline in September sales and lowered North American production targets again. Ford, U.S. sales rose 4.7% last month on strong. Dow closes at a record high after six years. |
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Europe Slips on Ten-Month Low Oil
Oct 03, 12:59 PM EDT |
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| Xstrata rose 2% after it said that it's issuing 2.9 B pounds in discounted shares to help refinance a $7 B temporary facility to buy Falconbridge. |
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| European markets finished in the red, pressured by oil-producing companies, as crude oil prices dropped to a ten-moth low below $59 a barrel. Sales warning from chipmaker Marvell Technology further weighed on sentiment. Infineon Technologies declined by 0.6% helping the German DAX 30 close down 0.1%. The French CAC 40 dropped 0.5%, hurt by losses for chipmaker STMicroelectronics. London FTSE 100 fell 0.4%. |
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Techs, Oil Drag Europe down
Oct 03, 6:40 AM EDT |
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| European stocks declined on Tuesday as technology stocks tracked their US and Asian counterparts lower. |
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| The slip on U.S. and Asian markets came after a number of downgrades, while energy companies were hit by falling oil prices. Technology stocks suffered after the US Nasdaq fell overnight following a downgrade of Apple Computer by Citigroup. Japanese tech issues also dropped after Goldman Sachs downgraded the likes of Sony and Pioneer. The FTSE 100 in London lost 0.5%, while Frankfurt Xetra Dax fell 0.7% and in Paris, the CAC 40 shed 0.7%. |
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Nasdaq Drops 1%
Oct 02, 4:27 PM EDT |
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| Market averages dropped despte more than 2% decline in oil price. British online gambling stocks dropped more than 40%. |
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| Market averages traded lower with no clear direction. Nasdaq led the decline with a loss of 1%. Oil dropped more than 2% on worries that more production cuts are not likely. Report on manufacturing showed a slowing level of activity and construction spending rose 0.3% in August. Stock markets in Peru and Saudi Arabia led the world at the end of Q3 with a gain of 115% and a loss of 33% respectively. Emerging markets are ahead of New York and European markets for the year by a factor of two. |
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Tech, Gambling Stocks Drag Europe
Oct 02, 1:04 PM EDT |
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| Shares of British water company AWG rose 4.9% after agreeing to accept a 2.2 billion-pound ($4.1 billion) bid from a consortium called Osprey. |
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| European markets finished below the flat line, pulled down by weaker technology stocks and steep losses in online gambling shares. About $7.5 billion of market value was wiped off gambling stocks after the U.S. Congress passed a bill that would prohibit U.S. financial services firms from processing payments to these. London FTSE 100 ended lower by 0.1%, followed by the German DAX 30 and the French CAC 40, also down 0.1%. |
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Mergers, Commodities Boost Europe
Oct 02, 6:35 AM EDT |
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| European markets were higher Monday as fresh merger talk, lifted EDP, the Portuguese power generator and Ahold, the Dutch retailer. |
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| Gains from commodities companies such as oil and gold helped European stocks start the fourth quarter on a positive note Monday, although shares in online gambling companies including PartyGaming plunged in London after a law was passed that may lead to companies to stop accepting bets from their top customers, Americans. The FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax added 0.3% and in Paris, the CAC 40 gained 0.2%. |
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