| Europe Market Update Archive: |
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Oil, Rates Pressure Europe
Aug 07, 12:37 PM EDT |
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| BHP Billiton lost 2.6% and Rio Tinto dropped 1.4% on growing concerns over a strike at a copper mine in Chile owned by the two companies. |
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| European markets finished steeply lower Monday, reflecting a spike in oil prices and concerns over the U.S. Fed Reserve’s decision on interest rates Tuesday. Crude oil jumped over $1 after oil giant BP said it''s shutting down its Prudhoe Bay oil field in Alaska. The German DAX 30 tumbled 1.7%, followed by the CAC 40, also down 1.7%, while London FTSE 100 lost only 0.9%. |
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Europe Lower After Oil Price Hike
Aug 07, 6:27 AM EDT |
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| Europe started lower Monday as oil prices climbed sharply after BP closed its Prudhoe Bay oilfield in Alaska after finding a pipeline leak. |
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| Weaker-than-expected jobs growth in the US weighed also as the focus turned from expectations the Federal Reserve would pause its monetary tightening to worries over slowing growth. The FTSE 100 declined 1%, the Xetra Dax in Frankfurt slipped 1.5% and the CAC-40 in Paris was off 1.5%. |
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Europe Closes Notably Higher
Aug 04, 12:49 PM EDT |
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| Anglo American climbed 4.8% after announcing it would return $5 billion to shareholders and a 52% rise in adjusted operating profit. |
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| European markets closed notably higher on easing interest-rate concerns, following weaker-than-expected U.S. jobs data and well received corporate news from Anglo-American and Philips. The German DAX 30 surged 1.5%,the French CAC 40 rose 1.2%, and London FTSE 100 gained 0.9%. |
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Europe Rebounds on Insurance Rally
Aug 04, 6:41 AM EDT |
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| European markets rallied Friday despite the unexpected hawkishness from the ECB and a surprise rate hike from the Bank of England. |
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| European stocks on Friday recovered some of the last session rate-hike inspired losses, with markets moving higher before the release of a key piece of U.S. economic news. News from Electricite de France, Anglo American and Philips Electronics also boosted the indexes, as well as Allianz and Swiss reinsurer Swiss Re. The German DAX Xetra 30 index rose 0.5%, the French CAC 40 index added 0.4% and the U.K. FTSE 100 index gained 0.2%. |
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Rate Hikes Drag Europe
Aug 03, 12:30 PM EDT |
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| Anglo-Dutch Unilever dropped 5.8% after reporting a 35% profit rise, but the price of some ingredients and higher marketing costs hurt margins. |
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| European markets closed deeply in the red, reflecting an unexpected interest-rate hike by the Bank of England, weakness among food and oil stocks, as well as negative sentiment on Wall Street. The leading decliner across the region was London FTSE 100, falling 1.6%, followed by the French CAC 40, down 0.9%, and the German DAX 300, down 0.7%. |
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Cautious Start for Europe
Aug 03, 6:40 AM EDT |
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| European markets were wary in early trade Thursday, ahead of an awaited quarter-point interest rate increase from the European Central Bank. |
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| The prospects of such a move by the ECB are already estimated by the market, but investors were also saying that Jean-Claude Trichet, the central bank president, will supplement the decision with appeasing comments about the inflation outlook in the eurozone. By mid morning, London’s FTSE 100 shed 0.6%, while Frankfurt’s Xetra Dax slipped 0.8% and in Paris, the CAC 40 dropped 0.6%. |
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Cadbury, Danone Boost Europe
Aug 02, 12:27 PM EDT |
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| French bank BNP Paribas rose 4.2% after saying Q2 profit rose 30.6% to 1.9 billion euros on 40% revenue jump. |
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| European markets finished Wednesday session sharply higher, boosted by positive profit outlook from Danone and Cadbury Schweppes, as well as strong gains on Wall Street. British confectionery maker Cadbury Schweppes jumped 3.2%, while Food group Danone rose 4.4%. The German DAX 30 surged 1.5%, the French CAC 40 soared 1.6%, and London FTSE 100 climbed 0.9%. |
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Earnings Boost Europe
Aug 02, 6:39 AM EDT |
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| European stocks advanced Wednesday after earnings season gathered speed with financial stocks again in focus. |
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| European markets gained ground on Wednesday brushing off the interest-rate rise worries that pressured U.S. markets to a lower finish overnight. Strong earnings outlooks from companies such as Danone and Cadbury Schweppes helped the rise as well as the results from Credit Suisse and BNP Paribas. The U.K. FTSE 100 index gained 0.5%, the German DAX Xetra 30 index rose 0.7% and the French CAC-40 index climbed 0.8%. |
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Europe Picks up Rate Worries
Aug 01, 12:41 PM EDT |
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| Vodafone dropped 1.7% after Verizon Communications' CEO said that Vodafone wasn't interested in selling its 45% Verizon Wireless stake. |
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| European markets finished steeply lower on interest rate concerns and mixed earnings reports. Among movers, Dutch telecom KPN climbed 5.6%, Deutsche Bank shares fell 4.7%, and low-cost airline Ryanair also dropped 3.5%. The German DAX 30 slid 1.5%, the French CAC 40 fell 1.2%, and London FTSE 100 lost 0.8%. |
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Europe Shakes Off Early Weakness
Aug 01, 6:53 AM EDT |
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| European markets traded higher Tuesday, as the improved outlook from KPN helped investors overcome disappointing Deutsche Bank results. |
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| European stocks turned higher on Tuesday, as broadly satisfying results from the likes of Allied Irish Banks and KPN offset weakness caused earlier by Deutsche Bank and Ryanair. The U.K. FTSE 100 index notched 0.2% up and the French CAC-40 index gained 0.1%, with only the German DAX Xetra 30 index slipping 0.1%. |
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