| Europe Market Update Archive: |
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Europe Declines On Profit Taking
Aug 15, 6:42 AM EDT |
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| European markets were lower Tuesday after the U.S. rally fel through in the previous trading the, with particularly weak volumes. |
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| Profit taking was the reason behind the falls after the strong session on Monday. The high-flying miners and engineers which supply machinery and services to them, were the worst hit by profit taking. Drugs stocks offered the market some support.The FTSE 100 in London fell 0.3%, while Xetra Dax in Frankfurt fell 0.3%, while in Paris, the CAC 40 shed 0.1%. |
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Europe Higher on Ceasefire
Aug 14, 6:50 AM EDT |
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| European markets were higher on Monday, owing to dropping oil prices, coming as a result of a U.N. Brokered ceasefire between Israel and Hizbollah. |
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| European shares gained ground on Monday, after oil prices plunged in electronic trade and mergers-and-acquisition speculation once more reemerged as a market theme.The U.K. FTSE 100 index added 0.6%, the German DAX Xetra 30 index rose 0.8% and the French CAC-40 index increased 0.8%. |
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Telecoms Weigh on Europe
Aug 11, 12:42 PM EDT |
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| ThyssenKrupp fell 7.7% in Frankfurt on plans to spend 2.3 B euros on new steel plants in the U.S. Schroders fell 9.5% in London.Gaz de France rose 1%. |
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| European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French CAC 40 gained 0.2%. |
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Europe Recovers Previous Losses
Aug 11, 6:31 AM EDT |
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| European markets opened higher on Friday, recuperating some of the losses in the previous session. |
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| The losses were inspired by the revealing of the terrorist plot to bomb transatlantic flights. European stocks tracked U.S. markets, which managed to recoup early losses as traders ignored the bomb worries. The FTSE 100 in London added 0.2%, the Xetra Dax in Frankfurt was up 0.55, and the CAC-40 in Paris moved up 0.6%. |
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Airlines, Telecoms Paint Europe Red
Aug 10, 12:43 PM EDT |
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| Deutsche Telekom lost 7.5% after the telecommunications company said Q2 profit dropped 14% and cut its profit outlook for the next two years. |
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| European averages finished sharply down, pressured by weakness in the airline and telecom sectors. British Airways fell 5.1%, EasyJet lost 2.1%, and Ryanair was down 1.5%. Travel company TUI dropped 4.1% and Air France-KLM fell 3%. The German DAX 30 was the biggest decliner, down 1.3%, followed by the French CAC 40, down 1%, and London FTSE 100, down 0.6%. |
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Security Jitters Weigh On Europe
Aug 10, 6:23 AM EDT |
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| Europe plummeted Thursday morning on security worries after British police said they had thwarted a plot to blow up aircraft in mid-flight. |
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| Britain lifted its security threat level which means it anticipates an attack imminently. Strength in the euro and a late sell-off on U.S. markets as the price of oil climbed also weighed on European stocks. The FTSE 100 in London dipped 1.4%, the Xetra Dax sank 2.1% and the CAC-40 fell 1.5%. |
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Techs, Autos Lead Europe Higher
Aug 09, 12:39 PM EDT |
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| Adidas rose 2.7% after it said Q2 profit rose a stronger-than-expected 24% to 82 million euros, with revenue up 60% to 2.43 billion. |
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| European markets finished steeply higher, boosted by gains on Wall Street, as well as strength in the technology and automotive sectors. French telecom-equipment maker Alcatel rose 2.8%, and automaker Volkswagen gained 3.2% to help market higher. The French CAC 40 led European gainers, climbing 1.2%, followed by the German DAX 30, up 0.9%, and London FTSE 100, up 0.7%. |
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Europe Erases Early Gains
Aug 09, 6:32 AM EDT |
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| European markets gave up early gains Wednesday as concerns over economic growth undermined sentiment. |
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| The Fed held rates for the first time in two years at 5.25%, but left the door open for further rises saying it still saw risks from inflation. U.S. markets reacted negatively to the Federal Reserve’s decision to leave interest rates unchanged. In Europe, banking and the London listed miners were the weakest sectors. The FTSE 100 in London sank 0.6%, the Xetra Dax in Frankfurt declined 0.6% and the CAC-40 in Paris edged down 0.3%. |
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European Markets End Mixed
Aug 08, 12:31 PM EDT |
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| German steelmaker Salzgitter gained 4.2% in Frankfurt after it said that it will sell a 17% stake in France's Vallourec, producer of steel tubes. |
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| European markets closed mixed in a light trading session ahead of U.S. Fed Reserve’s decision on interest rates. Positive earnings reports from several insurance companies generated some positive sentiment. The German DAX 30 rose 0.5%, the French CAC 40 gained 0.2%, while London FTSE 100 lost 0.2%. |
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Europe Rises As Oil Slips
Aug 08, 6:33 AM EDT |
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| Europe climbed moderately Tuesday morning, following the price of oil letup as investors awaited the decision of the US Fed on interest rates. |
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| US oil declined slightly and ICE Brent slid from a new record-high as traders booked profits. Oil had jumped 3% after BP started to shut down Prudhoe Bay oilfield in Alaska, the biggest in the United States, possibly for months. The FTSE 100 in London was 0.2% higher, the Xetra Dax in Frankfurt nudged up 0.8% and the CAC-40 in Paris advanced 0.5%. |
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