| Europe Market Update Archive: |
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Aerospace Weighs in Europe
Jun 14, 1:14 PM EDT |
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| EADS shares tumbled 26% after it warned that operating profit would be cut by about 500 million euros ($625 million) each year between 2007 and 2010 |
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| European markets finished near the flat line, despite merger-and-acquisition related gains for Bayer, Vinci, and Credit Suisse Group. Market sentiment was hurt by inflation worries and sharp decline in the aerospace sector. The German DAX 30 added 0.3%, while the French CAC 40 lost 0.1%, and London FTSE 100 declined 0.2%. |
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Mixed Start For Europe
Jun 14, 6:25 AM EDT |
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| European shares trading got off to a mixed start on Tuesday, trying to recover from the sharp sell-off in the previous session. |
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| Sentiment stayed delicate and investors were ready for further turbulence with key US inflation data due for release later in the trading. Mounting concern about iinflation and the outlook for interest rates has been one of the major factors that triggered volatility across all asset classes recently. In London, the FTSE 100 shed 0.2% while the German Xetra Dax inched 0.1% up but the French CAC 40 dropped 0.1%. |
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Europe Hits 7-Month Low
Jun 13, 12:51 PM EDT |
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| French construction company Vinci rose 1.8% on news that it may be in line for a bid from Spain's Abertis and France's Veolia. |
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| European markets ended deeply in the negative, moving to their lowest levels in seven months as U.S. key data raised concerns over slowing economy and interest rate increases. Mining, pharmaceutical and financial stocks stood out among the biggest decliners. The German DAX 30 fell 1.9%, the French CAC 40 dropped 2.2%, and London FTSE 100 tumbled 1.8%. |
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Europe Plunges On Global Sell Off
Jun 13, 6:44 AM EDT |
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| The sell off in global markets accelerated Tuesday as European markets suffered opening losses due to U.S. fall overnight and declines in Asia. |
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| Fears still abound reflecting the likely tightening of monitory policy all over the world. The plethora of inflation data due out this week is forecast to put more pressure on interest rates, resulting in higher volatility across commodity markets with copper and gold breaking down through key support levels. In London, the FTSE 100 shed 1.6%, while the German Xetra Dax fell 1.7% and the French CAC 40 dropped 1.9%. |
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Inflation Worries Hurt Europe
Jun 12, 1:11 PM EDT |
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| Royal Ahold rallied 5% in Amsterdam after a weekend press report speculated that hedge fund investors were trying to get the firm to break up. |
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| European markets finished in the negative as continuous worries about inflation and interest rate concerns weighed on sentiment, offsetting merger-and-acquisition news and speculation. Among the biggest losers were telecommunication stocks like Vodafone and techs shares, including Philips Electronics. The German DAX 30 tumbled 1.3%, the French CAC 40 dropped 0.9%, and London FTSE 100 fell 0.6%. |
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Europe Slightly Down In Early Trade
Jun 12, 6:56 AM EDT |
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| European stocks widened their early losses by mid-morning on Monday following New York’s worst week in more than a year for the US market. |
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| European stocks fell slightly down on Monday, due to mergers-and-acquisitions speculation, gains in the energy sector, and broker moves which counterwighed the prolonged economic concerns that struck stock markets last week. The FTSE 100 in London bucked the trend and was up 3.7 points at 5,658.9 in early trade, while the German Xetra Dax shed 29.4 points and the French CAC 40 declined 23.6 points. |
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Techs and Miners Boost Europe
Jun 09, 1:05 PM EDT |
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| Steel giant Arcelor rose 5% on report that the firm may alter the terms of the shareholder vote on its proposed merger with Russia's Severstal. |
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| European markets finished Friday session sharply higher on strong buying interest in technology and mining stocks. Shares of STMicroelectronics, Infineon Technology, Philips Electronics, and Nokia climbed after Texas Instruments raised its Q2 financial targets. Miners like Rio Tinto, Anglo Saxon, and Xstrata moved sharply higher. The German DAX 3-0 rose 1.7%, the French CAC 40 climbed 1.8%, and London FTSE 100 surged 1.7%. |
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Europe Rebounds From Lows
Jun 09, 6:47 AM EDT |
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| European markets regained some lost territories as U.S. markets rallied overnight to close up and the dollar stayed near a month-high vs. the euro. |
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| On Thursday, European stocks fell to their lowest levels for six months. But with New York experiencing a highly volatile trade and closing in positive territory, the European bourses were given a boost. The dollar gave further support steadying against the euro after the ECB left the markets with the impression that it was in for a modest correction of interest rates. Thursday’s decliners led the gainers in early trading. |
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Europe Hits Six-Month Low
Jun 08, 12:55 PM EDT |
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| Swiss luxury goods company Richemont declined 12.2% after posting lower-than-expected fiscal year results. |
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| European stocks closed at their lowest levels for the year. The steep decline reflected a rate rise by the European Central Bank and fears over rate-tightening moves in the world economies. Mining and oil stocks were the most notable losers with BHP Billiton down 6% and BP falling 3.1%. The German DAX 30 tumbled 2.9%, the French CAC 40 slid 2.9%, and Londoon FTSE 100 dropped 2.5%. |
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Growth Concerns Pull Europe Down
Jun 08, 6:43 AM EDT |
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| European markets plunged to their lowest levels this year after a sell off in U.S. and Asia overnight due to fears of monetary tightening. |
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| Concerns prompt that the higher interest rates may hold back economic growth. The European Central Bank releases its interest rate decision at 1145 GMT later today. Most analysts are forecasting a quarter point rate rise to 2.75%, but a small minority expect a decisive 50 basis point rise. That, together with the most likely raising of U.S. rates by the Fed, is ample food for worries about economic growth. |
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