| Europe Market Update Archive: |
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Europe Tracks U.S. Losses
Sep 05, 12:43 PM EDT |
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| U.K. discount clothing retailer Matalan jumped 7% on improved sales. IT services group Cap Gemini fell 2.3% on downgrade. |
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| European markets closed in the negative influenced by a choppy trading on Wall Street after an extended holiday weekend. The oil-services sector was in focus after France''s Compagnie Generale de Geophysique agreed to buy U.S. Veritas for $3.1 billion. The French CAC 40 was the biggest decliner, falling 0.6%, followed by the German CAX 30, down 0.4%, and London FTSE 100, down 0.1%. |
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Europe Down, Oil Services In Focus
Sep 05, 6:31 AM EDT |
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| European stock markets retreated on Tuesday as investors awaited U.S. trading to resume. |
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| Europe is waiting for U.S. direction, though the oil-services sector drew attention after Compagnie Generale de Geophysique of France agreed to buy one company and after Wood Group said it will beat profit forecasts for the year. The U.K. FTSE 100 index edged down 0.2%, the German DAX Xetra 30 index declined 0.2% and the French CAC-40 index decreased 0.3%. |
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Resources Stocks Boost Europe
Sep 04, 12:47 PM EDT |
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| U.K. defense contractor BAE Systems rose 1.5% on news the company is expected to recommend the sale of its 20% stake in Airbus to co-parent EADS. |
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| European stock markets finished higher, boosted by strong gains from resource companies which helped offset some mixed corporate news. Among leading miners, BHP Billiton gained 1.4%, Rio Tinto rose 1.8%, and Anglo American jumped 3.8%. The German DAX 30 closed up 0.6%, the French CAC 40 advanced 0.4%, and London FTSE 100 rose 0.6%. |
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Europe Starts Week Higher
Sep 04, 6:42 AM EDT |
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| Europe started the week slightly higher Monday reacteing to the larger than expected increase in US jobs on Friday. |
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| European shares traded higher on Monday, lifted by a higher U.S. close on Friday, as investors observed some mixed corporate news on the U.S. Labor Day holiday. The increase in U.S. jobs suggests that the Fed will find it harder to hike rates, at least in the near term, which boosted the markets. The U.K. FTSE 100 index rose 0.1%, the German DAX Xetra 30 index gained 0.4% and the French CAC-40 advanced 0.2%. |
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Europe Ends at Three-Month High
Sep 01, 12:52 PM EDT |
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| Swedish Capio AB rose 35% after getting an unsolicited takeover bid of 15.6 B Swedish krona from private equity firms Apax Partners & Nordic Capital. |
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| European markets finished at a three-month high on Friday, supported by well received U.S. job-creation data that helped ease interest-rate fears and corporate news from French drug maker Sanofi-Aventis. Regional gainers were led by London FTSE 100 with an advance of 0.7%, followed by the French CAC 40, up 0.4%, and the German DAX 300, up 0.3%. |
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U.S. Payrolls Support Europe
Sep 01, 6:30 AM EDT |
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| European markets advanced on Friday awating the latest US employment data, which would give clues to the outlook for US interest rates. |
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| European stocks reported modest gains on Friday ahead of key U.S. economic data, supported by strength in the health care sector after French drug maker Sanofi-Aventis won a patent case for its Plavix blood thinning treatment. The U.K. FTSE 100 index edged up 0.2%, the German DAX Xetra 30 index rose less than one percentage point and the French CAC-40 index gained 0.2%. |
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Europe Declines on Rates Concerns
Aug 31, 12:28 PM EDT |
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| L'Oreal shares rose 2% in Paris after the company said first-half profit rose 21%. Air France-KLM gained 2.9% after it lifted its earnings outlook. |
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| European markets closed under the flat line. In a light trading session market sentiment was hurt by speculations that the ECB will raise interest rates in a month after it kept them on hold at 3%, as expected, on Thursday. Mining and tech stocks like Anglo American and STMicroelectronics led decliners. The U.K’s FTSE 100 dropped 0.4%, followed by the French CAC 40, down 0.3%, and the German DAX 30, down 0.1%. |
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Oil Drags Europe Lower
Aug 31, 6:40 AM EDT |
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| European markets retreated on Thursday as the price of oil climbed back above $70 a barrel on geopolitical uncertainties. |
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| Oil prices have recovered to settle above the key $70 a barrel line despite far better than expected inventory data out of the US, mainly on the back of uncertainty over supplies as the UN deadline for Iran to suspend nuclear activities has now been reached. The FTSE 100 in London shed 0.1%, the Xetra Dax in Frankfurt edged down 0.1%, and the CAC-40 in Paris sank 0.2%. |
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Techs Lead European Gainers
Aug 30, 12:51 PM EDT |
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| Alcatel rose 4% after Merrill Lynch said the company is its top pick in the European telecom-equipment sector, with the best risk-reward profile. |
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| European markets ended in the positive territory, reflecting strength posted by tech shares and quarterly results released by Euronext and Corus. Stock-exchange operator Euronext was up 3.1% on 63% profit jump, while steelmaker Corus Group lost 1.8% after reporting 52% profit drop in Q2. The German DAX 30 gained 0.4%, the French CAC 40, was 0.4%, while London FTSE 100 rose 0.7%. |
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Tech and Transport Stocks Boost Europe
Aug 30, 6:31 AM EDT |
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| European stocks advanced Wednesday, led by technology and transport shares as lower oil prices offered support. |
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| Although minutes from the US Fed last interest rate setting meeting did not give the markets great direction, U.S. stocks turned round early losses to end in positive territory. In early european trading, transport stocks were higher helped by the retreat of oil prices. By mid morning, London FTSE 100 rose 0.4%, while Frankfurt’s Xetra Dax added 0.4%. In Paris, the CAC 40 advanced 0.5%. |
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