| Europe Market Update Archive: |
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Insurance Stocks Decline
Aug 22, 1:07 PM EDT |
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| Europena insurers, auto makers lost ground at close of European markets. Gold declined and oil traded a fraction lower. |
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| European markets closed higher led by a fractional rise in Germany, France and Switzerland. U.K. and norway had fractional losses. Insurance and auto maker stocks declined after German economic research institute reported growing pessimism for the economic expansion in the year 2007. The German and Italian taxes are expected to rise in the year. Swiss tor operator Kuoni reported better than expected first half result. |
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German Economic Survey Indicates Slowdown
Aug 22, 12:33 PM EDT |
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| A key survey of German economy indicated growing pessimism among analysts on the economic grwoth for the next year. |
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| Market averages in Europe closed mostly higher, despite widening belief that European economy will slow down in the next year. European nations have been struggling with stagnant growth for the last five years and already economic growth expectations are scaled back for the next year. German VAT is expected to rise to 19% from 16% next year. Industrial orders in Euro zone fell by 2.5% in June. |
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European Stocks Advance Mildly
Aug 22, 6:39 AM EDT |
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| Building-related companies led to modest gains in European markets on Tuesday, as investors reacted to deal news in the sector. |
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| A better-than-expected profit at U.K. house builder Persimmon helped the market too, along with the recovery of Asian bourses and steadier oil prices. The gains were mild however due to thin trading conditions. The U.K. FTSE 100 gained 0.2%, the German DAX 30 index edged up 0.3% and the French CAC 40 index advanced 0.4%. |
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Russia Repays $23.8 B
Aug 21, 3:47 PM EDT |
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| Russia today repaid $23.8 billion in debt, ahead of schedule, to Paris Club creditors. Russian market closed up 1.5%. |
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| Oil rich Russia repaid $23.8 billion in debt to Paris Club creditors ahead of schedule with the prepayment penalty of $1.3 billion. The reversal of fortune is marked by a four-fold rise in oil price in the international market and annual economic expansion at more than 7% at home. Russia foreign debt stands at less than 9% of GDP, a significant decline from 96% in 1999. Moscow stock market rose 1.47%. |
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European Energy Stocks Rise
Aug 21, 1:05 PM EDT |
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| Rising energy prices supported an advance in energy stocks and decline in chemical, transportaion and auto maker stocks. Paris lost 0.6%. |
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| European stocks closed lower at close led by a rise in energy prices, weak trading in New York and fall in transportation and tech stocks. Autos, airlines and tech stocks lost on the first day of this week trading. Gold rose $10, oil gained 1% at close. Mining stocks rose in UK, energy stocks advacned in Norway and tech stocks in Germany and UK fell. Sweetened offer from BHP Billiton to striking miners in Chile was rejeected by their union leaders. Anglo American rose in the UK on breakup talk. |
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Europe Posts Modest Losses
Aug 18, 12:34 PM EDT |
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| BAE Systems rose 2.6% in London, after securing a $19 B deal to provide Saudi Arabia with fighter jets. Media and advertising group WPP rose 2.1%. |
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| European markets posted modest losses Friday with little economic and corporate news to give direction to the market. Yet, London FTSE 100 finished up 0.05%, supported by gains for the tobacco and energy sectors. Imperial Tobacco gained 2.3% and British American Tobacco rose 0.4%. The German DAX 30 lost 0.28%, while the French CAC 40 fell 0.18%. |
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Europe Sinks On Profit Taking
Aug 18, 6:48 AM EDT |
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| European stocks declined Friday as volumes were low and investors took profits after economic data from the US Fed caused new inflation worries. |
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| Inflationary concerns were back as the latest manufacturing data from the Philadelphia Federal Reserve were unexpectedly strong. That influenced an already thin by volume August trade. The FTSE 100 in London was backed by defense stocks and tobacco shares but other markets slumped. The U.K. FTSE 100 index added 0.2%, while the German DAX Xetra 30 index lost 0.1% and the French CAC-40 index fell 0.1%. |
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European Stocks End Positive
Aug 17, 12:39 PM EDT |
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| Ciba Specialty Chemicals jumped 9.8% after the company posted a higher Q2 profit and said that it would cut jobs. Zurich Financial slipped 1.9%. |
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| European markets ended in the positive after a lackluster trading session with no major data reports and little corporate news. Still, sharply lower oil prices provided support for the market. Among advancing stocks, truck maker Volvo rose 5%, automaker Renault gained 2.8%, while Van der Moolen added 2.1%. The German DAX 30 gained 0.4%, the French CAC 40 edged up 0.2%, and London FTSE 1200 inched up 0.1%. |
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Mining And Tech Stocks Lift Europe
Aug 17, 6:51 AM EDT |
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| European markets edged higher on Thursday as mining and technology gains offset falling oil stocks. |
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| Techs continued their strong run to three days as investors regained their desire for riskier, higher growth assets.That together with mining stocks and the tame consumer prices helped Europe to a good start. By mid-morning, London’s FTSE 100 added 0.2% , while Xetra Dax in Frankfurt was 0.2% higher and, in Paris, the CAC 40 was 0.2% higher at 5,136.57, |
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Europe Erases Early Gains
Aug 16, 6:40 AM EDT |
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| European stocks did not manage to build on a positive start to trading on Wednesday and declined by mid-morning |
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| The fall came despite encouraging overnight gains on U.S. markets and strong trading in Asia, especially Japan closing above 16,000 for the first time since May and boosting domestic and export stocks. On a relatively quiet day for European corporate earnings, US consumer price inflation data due to be released later in the session could provide further clues as to whether US interest rates have peaked. |
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