| Europe Market Update Archive: |
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Europe Falls On Oil And Banks
May 30, 6:47 AM EDT |
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| European stocks widened their losses on Tuesday on banks and oil stocks while the Arcelor and Mittal fight led to some profit taking. |
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| Rising money supply and credit growth in the eurozone provoked worries of tighter monetary conditions, although there are talks that a 25-basis-point rate increase at the next European Central Bank meeting next week was a done deal. London’s FTSE 100 fell 1.3%, Frankfurt’s Xetra Dax declined 1.1% and in Paris, the CAC 40 shed 1.1%. |
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Europe down on Low Volumes
May 29, 6:59 AM EDT |
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| European stock markets declined on Monday morning despite the heightened activity in the steel sector, due to volumes being lower than usual. |
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| Both London and New York are closed today because of public holidays. In mid morning trading, Frankfurt’s Xetra Dax declined 0.5% and the CAC 40 in Paris shed 0.6%. Speculation in the steel sector supported Arcelor, after the group released last week its plan to merge with Russia’s Severstal. That fact might make Mittal Steel improve its bid in its effort to buy Arcelor. |
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European Averages Surge
May 26, 1:06 PM EDT |
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| Exchanges advanced Friday after Credit Suisse upgraded Germany's Deutsche Boerse and Euronext to outperform from underperform, while cutting LSE. |
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| European stocks rallied for a second consecutive session, boosted by resource stocks after Arcelor agreed to merge with Russian steelmaker Severstal. Shares of Arcelor dropped 3%, while Mittal rose 2%. A positive sentiment on Wall Street, generated by mild core inflation data, also provided support. The German DAX 30 rose 1.4%, the French CAC 40 climbed 1.9%, and London FTSE 100 surged 2%. |
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Europe Gains after Arcelor Move
May 26, 6:51 AM EDT |
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| Europe’s markets advanced Friday, following Arcelor announcement of a merger deal with Russia’s Severstal. |
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| On Thursday, European stocks recovered some of their recent losses but trading volumes were slimmer than usual with several markets closed for the Ascension Day holiday. European markets traded higher in the morning session, benefiting from a strong close in New York. The FTSE 100 in London gained 0.6%, the Xetra Dax in Frankfurt was up 0.5% and the CAC 40 in Paris advanced 0.6%. |
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Europe Moves Sharply Upward
May 25, 12:45 PM EDT |
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| Shares of LSE dropped 10% on fears that the Nasdaq stock exchange won't pay a premium to buy the rest of the LSE. |
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| European stocks posted solid gains in the afternoon, leading averages to robust close. Strong U.S. markets opening, gains for miners, and well-received corporate news boosted European stocks Thursday. Mining companies Anglo-American and Kazakhmys advanced, Tate & Lyle gained 5.6% after reporting strong quarterly profit growth, and U.K. bank Barclays added 1.2% on positive Q1 results. The German DAX 30 climbed 1.6%, the French CAC 40 surged 2.1%, and London FTSE 100 rose 1.5%. |
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Europe Sheds Early Gains
May 25, 6:34 AM EDT |
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| European markets gave gaining ground on Thursday, continuing its volatile streak, due to unstable US futures, wearing down sentiment. |
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| New York closed up on Wednesday reflecting investors’ attempts to go into another rally after being frustrated by Tuesday’s late sell-off. Frankfurt and Paris showed unusually low volume Thursday due to the Ascension Day holiday. By mid morning the FTSE 100 in London was 0.1 % down at 5,580.6. the Xetra Dax in Frankfurt stayed flat at 5,587.45, the CAC-40 in Paris fell down 0.3 %. |
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Weak European Close
May 24, 12:44 PM EDT |
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| European airlines declined on bird-flu fears. Deutsche Lufthansa was the biggest loser, down 2.8%, followed by British Airways and Air France-KLM. |
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| European markets closed in the negative, reflecting significant weakness among industrial, mining and airline stocks. Weakening dollar hurt shares of industrial exporters like Siemens and Sweden’s SKF. Miners like Rio Tinto and BHP Billiton moved lower. The German DAX 30 plunged 1.6%, the French CAC 40 slipped 1.3%, and London FTSE 100 tumbled 1.6%. |
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Europe Traces U.S. Sell-Off
May 24, 6:55 AM EDT |
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| European stocks followed New York’s late sell off and started the morning session sharply lower. |
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| Fears of the U.S. Federal Reserve’s decision to keep tightening its monetary policy and worries of likely human to human transmission of bird flu in Indonesia prevailed on the markets. It was also a day of merger and acquisition steps taken as some deals are starting to unveil. The FTSE 100 in London was down 0.9%, the Xetra Dax in Frankfurt declined 1.2% and the CAC-40 in Paris was off 1.2%. |
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Europe Rallies on Commodities
May 23, 1:25 PM EDT |
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| Dutch chip-equipment maker ASML Holding rose 7% on expectations that Q2 orders will be at least 40% higher than Q1. |
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| European markets recuperated from steep losses yesterday to close sharply higher Tuesday, lifted by mining and energy companies, as well as technology stocks. Miners like BHP Billiton, Rio Tinto and oil giants like BP and Royal Dutch Shell advanced on higher commodities prices. The German DAX 30 surged 2.4%, the French CAC 40 rallied 2.5%, and London FTSE 100 climbed 2.6%. |
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Europe Rallies on Bargain Hunting
May 23, 7:11 AM EDT |
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| European shares rebounded Tuesday morning despite weak Asian and U.S. markets and made bargains from recently declining stocks. |
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| The slight recovery in New York and the less steep decline of Asian bourses came as a much relished relief to the oil and mining companies in Europe, helping the region to a good start Tuesday. Oil prices soared again, due to fears starting to mount of a severe hurricane on the way. London’s FTSE 100 advanced 1.1%, Frankfurt’s Xetra Dax put 1% up and the CAC 40 in Paris climbed 1.3%. |
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