| Europe Market Update Archive: |
|
Techs, Miners Lead Europe Higher
Aug 29, 12:30 PM EDT |
|
| Oil giant BP lost 0.9% on reports that federal regulators began criminal and civil investigations into whether it manipulated U.S. crude oil market. |
|
| European markets closed in the positive, supported by gains for mining and technology stocks. The tech sector advanced, with STMicroelectronics and Infineon Technologies each rising 1.7% after Merrill Lynch reiterated its buy rating on STMicroelectronics. The German DAX 30 edged up 0.1%, while the French CAC 40 and London FTSE 100 both rose 0.5%. |
|
|
Full
Story... |
| |
Pharma and Tech Stocks Lift Europe
Aug 29, 6:32 AM EDT |
|
| Europe got a boost Tuesday by strong tech and pharma sectors as the London market caught up after a national holiday. |
|
| European markets traded in the positive territory on Tuesday, with U.K. stocks riding higher after a three-day weekend and Bayer stronger after announcing job cuts and an 11% profit rise. U.S. markets closed higher on Monday in a broad-based rally, buoyed by a fallback in the price of oil. In Europe, the FTSE 100 in London rose 0.5%, the Frankfurt Xetra Dax advanced 0.2% and the CAC-40 in Paris added 0.1%. |
|
|
Full
Story... |
| |
Europe Ends Positive
Aug 28, 12:48 PM EDT |
|
| Unilever rose 0.9% after the food group agreed to sell the majority of its European frozen-food business to private equity group Permira for $2.21 B. |
|
| European markets finished higher with light trading volume. Among the few stocks showing strong trading volumes were Banca Intesa and Sanpaolo IMI after the two agreed over the weekend to a merger. Banca Intesa''s shares closed down 1.6% and Sanpaolo IMI declined 1.7%. The German DAX 30 finished higher by 0.8%, while the French CAC 40 ended up 0.7%. The U.K. market was closed for a holiday. |
|
|
Full
Story... |
| |
Europe Retreats on Energy Stocks
Aug 28, 6:30 AM EDT |
|
| European markets were lower Monday after as crude oil prices hit energy stocks, while Italian banks erased gains after gaining on merger talks. |
|
| European markets edged lower in early trading as crude oil prices fell to below $72 a barrel after a hurricane in the Caribbean was downgraded to tropical storm, reducing the threat of damage to oil production facilities in the Gulf of Mexico. Also shares in Banca Intesa and Sanpaolo IMI slid after the two agreed a merger plan over the weekend, while Unilever climbed after agreeing to sell its European frozen food business. |
|
|
Full
Story... |
| |
Intesa, Saopaolo Merger of $77 B (Update 5)
Aug 26, 3:24 PM EDT |
|
| After weeks of merger talks, two mid-sized Italian banks have agreed to merge and create a new number one retail bank in Italy. |
|
| Banca Intesa and Saopaolo IMI have agreed to merge creating the largest Italian bank with $700 billion in assets and 7,700 branches. The current number one, Unicredit has $300 billion in assets. The combined bank is likely to cut costs by laying-off people and investing in information system. Italian banking industry is likely to see more local mergers in the coming years to prevent other smaller rivals from being gobbled up by foreign banks. |
|
|
Full
Story... |
| |
Banks, Telecoms Rise in European Trade
Aug 25, 6:33 AM EDT |
|
| European markets were broadly flat on Friday, but merger talks invigorated the banking sector and telecoms stocks. |
|
| As U.S. markets provided little momentum on Thursday, it was the banking sector that enlivened markets in Europe on Friday as a deal between telecommunications companies Vodafone Group and Belgacom offered some direction and after further gains in the Italian banking sector. The FTSE 100 index in U.K. climbed 0.3% the French CAC 40 index added 0.3% and the German DAX 30 index rose 0.2%. |
|
|
Full
Story... |
| |
Cement, German GDP and Italian Banks
Aug 24, 2:32 PM EDT |
|
| Cement stocks in Switzerland, German GDP report and talk of Italian banking stocks dominated European trading. Markets in the region closed higher. |
|
| European markets closed higher led by a rise in Germany, France, Spain and Switzerland. Banking merger talks between two large banks in Italy, Banca Intensa and Saopaolo IMI, led banking stocks in Milan higher. German GDP report showed healthly gain on domestic investment. Cement maker Holcim reported 38% jump in sales and 30% rise in earnings on acquisition and price hike. swiss watch maker Swatch reported better earnings. |
|
|
Full
Story... |
| |
German GDP Report Lifts Europe
Aug 24, 6:37 AM EDT |
|
| Strong data from German Ifo, together with firm German GDP growth numbers lifted European stocks and helped Frankfurt index recover earlier losses. |
|
| German Ifo business sentiment declined for a second month in August, but the data were not as bad as expected. Meanwhile, second-quarter GDP growth was confirmed at 0.9%, up from 0.7% in the first quarter. These figures reverberated across European markets and sent Frankfurt Xetra Dax up 0.5%. In Paris, the CAC 40 added 0.3% and only in London the FTSE 100 was flat. |
|
|
Full
Story... |
| |
European Stocks Decline on US Housing Report
Aug 23, 2:13 PM EDT |
|
| Markets across the European region declined after the release of U.S. housing report. Tech stocks led the decliners. Oil rose but gold fell. |
|
| markets across the region fell in the last hour of trading after the release of July existing home sales report. The report indicated that sales have declied 11% from a year ago and are 4.1% lower than in June. Oil rose on the unexpected rise in gasoline inventory in the U.S. Tech stocks fell the most on the earings warnings from Natioal Semiconductor. TNT group sold it US logistics business for 1.5 bilion euros. Nestle reported 11% rise in sales and earnings. Telecom stocks closed lower. |
|
|
Full
Story... |
| |
Subdued Europe
Aug 23, 6:37 AM EDT |
|
| European markets traded around the flat line Wednesday, mirroring a lacklustre performance on U.S. markets overnight. |
|
| As interest rate worries resurfaced and oil prices held at around $73 a barrel, Europe was further held back by metals and defense stocks. A lack of surprises in the earnings report from metals company BHP Billiton and a spending plan at defense group EADS put mild pressure on U.K. and Paris bourses. By mid morning, London’s FTSE 100 edged down 0.1%, while Frankfurt’s Xetra Dax lost 0.2%. The CAC 40 in Paris shed 0.1%. |
|
|
Full
Story... |
| |
11
12
13
14
15
16
17
18
19
20
|
|
