| Europe Market Update Archive: |
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Europe Benefits From U.S. Rally
Jun 21, 1:03 PM EDT |
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| Shares of Mittal Steel rose 2.7% after Alexei Mordashov agreed to take fewer Arcelor shares in return for his holding in Severstal. |
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| European markets finished slightly higher, supported by strong rally on Wall Street. Electronics giant Phillips Electronics and retailor Hennes & Mauritz also provided a boost, rising 4.7% and 4% respectively. The German DAX 30 added 0.2%, the French CAC 40 gained 0.1%, and London FTSE 100 edged up 0.1%. |
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Europe Widens Early Losses
Jun 21, 6:23 AM EDT |
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| European stocks erased their modest opening gains and extended their losses by mid-morning on weakness in the oil, mining and real estate sectors. |
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| European shares edged down on Wednesday, with gains held in check by interest-rate tightening concerns on both sides of the Atlantic. In Europe, ECB President Jean-Claude Trichet testified before the European parliament that risks to price stability prevail and that oil price pass-though will lift consumer prices in 2007. The European economy is, however, evolving in line with the central bank''s assessment, he added. |
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Miners Boost Europe
Jun 20, 12:56 PM EDT |
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| Sweden's Biacore International jumped 15% after the health-care arm of General Electric Co. offered to buy the company for $438 million. |
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| European markets gained Tuesday, boosted by strength in metals stocks and positive U.S. market opening on better-than-anticipated housing starts data. Among resource stocks, miner BHP Billiton and Rio Tinto were the biggest gainers together with Steelmaker Mittal Steel, which rose 1.9%. The German DAX 30 surged 1%, the French CAC 40 rose 0.9%, and London FTSE 100 gained 0.6%. |
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Europe Falls On US Rate Prospect
Jun 20, 6:49 AM EDT |
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| Europe recovered some early losses to a slightly lower position mid morning after further Feds warnings raised the prospect of US monetary tightening. |
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| Feds officials reaffirmed their tough position on inflation, saying that US core inflation, excluding volatile food and energy costs, has moved up to, or beyond, the upper end of the range. Concerns over a slowdown in US demand with interest rates now seen rising by possibly two quarter point increases struck metals and decreased oil prices below $69 a barrel. |
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Techs Lead Europe Higher
Jun 19, 1:00 PM EDT |
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| Veolia Environnement jumped 2.1% on decision not to pursue a friendly alliance with Vinci. Vinci shares dropped 0.5%. |
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| European markets ended higher Monday. The strongest market drive was the tech sector, which advanced on news that mobile-phone giant Nokia and industrial conglomerate Siemens would merge their phone-equipment units into an equally owned joint venture company. Nokia shares rose 4.1% in Helsinki, while Siemens surged 6.7% in Frankfurt. The German DAX 30 soared 1.2%, the French CAC 40 climbed 0.7%, and London FTSE 100 rose 0.5%. |
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Nokia And Siemens Deal Boosts Europe
Jun 19, 6:47 AM EDT |
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| European markets recovered most of last week’s losses due to Nokia and Siemens agreement to combine their phone equipment units. |
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| European stocks were given a huge lift by Nokia and Siemens merger. Nokia Siemens Networks, which combines Nokia’s Networks unit and Siemens’ carrier-related operations, would bring multibillion annual cost savings by 2010. The equal share joint venture will be headquartered in Finland and will be number three in telecoms infrastructure. |
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Europe Loses Ground
Jun 16, 12:44 PM EDT |
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| Aeroports de Paris, Europe's second-largest airport operator, saw its shares climb as high as 47.75 euros after its 1.4 billion-euro initial offering. |
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| European markets failed to sustain solid gains posted yesterday and Friday closed in the negative territory. In a day when a lot of options and futures contracts expired, market sentiment was hurt by renewed interest rate concerns and weaker start on Wall Street. The German DAX 30 tumbled 0.9%, the French CAC 40 dropped 0.6%, and London FTSE 100 fell 0.4%. |
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Europe Extends Gains
Jun 16, 6:28 AM EDT |
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| European markets keep on the rebound, following US and Asian stocks strong climbs overnight. |
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| The gains were helped by the US Federal Reserve chairman Ben Bernanke’s commentary that inflation was probably not as much of a worry as some had feared. On Thursday, U.S. markets closed higher, with major indices posting their strongest gains in years. Results from Bear Stearns helped bring to an end several days oflosses for investment bank stocks, while chipmakers advanced on a brokerage upgrade. |
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European Averages Surge 2%
Jun 15, 12:33 PM EDT |
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| AB Ports jumped 5.4% to 868.25 pence in London after a consortium led by Goldman Sachs Group and rival Macquarie Bank bid at the same level. |
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| European markets closed sharply higher, lifted by bargain hunting and a strong rally on Wall Street. Industrial companies like ABB and Agfa-Gevaert were among the top advancers, rising 7.6% and 5.5% respectively. The German DAX 30 climbed 2.2%, the French CAC $0 surged 2.4%, and London FTSE 100 rose 2%. |
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Europe Gains
Jun 15, 6:57 AM EDT |
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| European stocks made early gains after a recovery on Thursday, in the wake of an overnight advance on U.S. markets and increases in Asia. |
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| European markets staged a recovery on Thursday following overnight gains in Asian and U.S. markets as investors looked to grab cheaper shares following the recent market sell-off and due to merger-and-acquisition news that also supported indexes. The U.K. FTSE 100 index advanced 1%, the German DAX Xetra 30 index gained 1.2% and the French CAC-40 index climbed 1.2%. |
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