| Europe Market Update Archive: |
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Ford Cuts Deeper, Dow and Nasdaq Rise
Sep 15, 4:29 PM EDT |
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| August CPI rose 0.2%, in-line with expectations. DaimlerChrysler doubled its loss projection at Chrysler division. |
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| Market averages closed higher on tame inflation report.Consumer prices rose 0.2% in August on smaller gains in housing prices and falling energy prices. Ford reported deeper than expected cuts in salaried staff, suspended quarterly dividend and said that North American operation will not generate profit till the year 2009. Oil and natural gas rose a fraction. European markets gain a fraction, Mexico advacne 1.2% and Japan fell. |
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U.S. Inflation Data Help Europe Up
Sep 15, 12:38 PM EDT |
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| DaimlerChrysler fell 5.6% in Germany after the company cut its 2006 outlook, expecting operating profit of roughly 5 billion euros. |
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| European markets finished mostly higher as U.S. core consumer prices inflation data raised hopes that the Fed Reserve will not raise interest rates at its forthcoming meeting. The upbeat data helped offset a sharp decline by the shares of DaimlerChrysler. The German DAX 30 advanced 0.5%, the French CAC 40 gained 0.4%, while London FTSE 100 closed flat at 5.877. |
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Cautious Start For Europe
Sep 15, 6:31 AM EDT |
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| European markets started cautiously on Friday, entering into positive territory as crude oil slipped. |
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| Investors are also concerned about the much awaited inflation data for indications on the outlook for global growth. The markets were buoyed by well-received results from water company Veolia Environement, while BP weighed after reports of investor worries over the oil giant safety record. The U.K. FTSE 100 index gained 0.04% at 5,880, the German DAX 30 index added 0.1% at 5,912 and the French CAC 40 index advanced 0.2% at 5,134. |
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Gas Down 11%, Gold Down $10
Sep 14, 4:17 PM EDT |
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| Weak natural gas and oil price dragged energy stocks in a lackluster trading stock market. |
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| It was a punishing day for natural gas investors. Weekly government report showed that natural gas inventories are at a fifteen-year high. Natural gas price lost 11% today, oil declined 1.3% and gold dropped $10.30. The price of gold dropped to a three-month low. Energy stocks fell to yearly low, with the sharpest losses in one month of trading. Ford Motor is reported to extend its buyout offer to all 75,000 UAW employees of the company and expects that between 35,000 to 40,000 will accept it. |
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Miners Fail to Lift European Sentiment
Sep 14, 12:36 PM EDT |
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| Richemont gained 2.1% after it said total sales for the five months ended in August rose 16%. Hermes International rose 3.3% on 7.8% profit growth. |
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| European markets finished in the red Thursday affected by losses on Wall Street. Positive earnings from retailers along with gains in the mining sector failed to improve market sentiment. The German DAX 30 ended flat at 5,907, the French CAC 40 lost 0.3%, and London FTSE 100 declined 0.3% as well. |
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Europe Gains on Oil Advance
Sep 14, 7:08 AM EDT |
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| European markets advanced Thursday as crude oil moved higher after a seven day losing streak boosting oil stocks. |
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| European stocks gained ground on Thursday, supported by a higher end on U.S. markets overnight and by updates from retailers like Swiss luxury-goods group Richemont. The U.K. FTSE 100 index advanced 0.3% to 5,912, The German DAX Xetra 30 index rose 0.1% to 5,914, the French CAC-40 index increased 0.3% to 5,150. |
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Weak Oil, Lower Deficit, Solid Lehman
Sep 13, 4:26 PM EDT |
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| Activities in oil trading affected trading in stocks and bonds. Budget deficit was 14% lower for the year and Lehman reported strong earnings. |
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| Market averages opened higher and kept the upward bias during the trading session. Higher than expected earnings from Lehman Bros, weak sentiment in oil trading and 14% decline in budget deficit helped market sentiment. Trading volume remaied weak. Oil stock rose despite weak oil. Oil has dropped $13 from its peak. Lehman, Nordstrom and Google gained more than 3% at close. Peabody Energy surged nearly 10%. |
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Truck Makers Push Europe Up
Sep 13, 12:32 PM EDT |
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| Gemalto, maker of smart cards, dropped 16.2% after its first-half net income fell 47%. Airline Alitalia fell 10% on wider first-half income loss. |
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| European markets finished mostly in the positive, supported by merger-and-acquisition talk in the truck-making sector. Swedish truck maker Scania jumped 8.2% on expectations that Germany''s Man AG will make a bid for the company. The German DAX 30 climbed 0.6%, the French CAC 40 added 0.2%, while London FTSE 100 lost 0.1%. |
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Europe Trades In Positive Territory
Sep 13, 6:31 AM EDT |
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| European markets were higher on Wednesday tracking U.S. markets due to the decline of oil and the dollar strength. |
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| The dollar held up positions despite weak trade data. The markets were buoyed by by overnight gains on U.S. markets, earnings news from British defense contractor BAE Systems, M&A speculation in the truck-making sector and stronger technology shares. The U.K. FTSE 100 index rose 0.1%, the German DAX Xetra 30 index advanced 0.2% and the French CAC-40 index increased 0.2%. |
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Nasdaq Up 42, Dow Up 101
Sep 12, 4:21 PM EDT |
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| Market averages rallied with a drop in oil. July trade deficit rose to a record level. Best Buy proft rose 22%. Bristol-Myers fired CEO Dolan. |
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| Market averages surged close to 1% on a 3% drop in oil. Oil fell $1.85 to close at $63.76. Nasdaq rose 1.96%, S&P gained 1.04% and Dow advanced 0.9%. HP reported that CEO Mark Hurd will replace Patricia Dunn as Chairman of the Board in January. Goldman Sachs reported earnings that fell below expectations but stock surged 5% with other brokeage stocks advancing. U.S. trade deficit widened to $68.04 billion on record price of oil import. Exports declined. |
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