| Europe Market Update Archive: |
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Commodities Drag Europe
May 22, 1:05 PM EDT |
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| Euronext closed down 9.5% as investors eyed an offer price below the exchange's closing share price on Friday. Deutsche Boerse fell 8.5%. |
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| European markets closed in the red, continuing a downward trend started last week when inflation and higher interest rates weighed. On Monday market sentiment was hurt by a heavy sell-off in the metals and energy sectors, reflecting a decrease in commodities prices. The German DAX 30 slipped 2.2%, the French CAC 40 tumbled 2.56%, and London FTSE 100 dropped 2.2%. |
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BNP Paribas, Arcelor Help Europe
May 19, 1:02 PM EDT |
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| British Airways was the U.K. main index's biggest riser, adding 9.1% after announcing that Q4 profit jrose to 83 million from $6 billion a year ago. |
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| European markets closed mostly higher, helped by gains for BNP Paribas, British Airways and a lifted bid for steel maker Arcelor. BNP Paribas climbed 3.5% Arcelor climbed 9% after Mittal raised its bid 34% to nearly $33 billion. The German DAX 30 added 0.1%, the French CAC 40 rose 0.7%, while London’s FTSE 100 fell 0.3%. |
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European Bourses Buck Downtrend
May 19, 6:42 AM EDT |
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| Europe stocks rose Friday against beliefs of a third day of continuous decline after New York weakened further on inflation and interest rate fears. |
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| US stocks ended down Thursday as a last minute sell-off canceled out profits made earlier in the trading. Otherwise, for analysts, the weaker-than expected growth in job rates might end fears that the increase will continue. The FTSE 100 in London advanced 0.2% in early trade, as did the Xetra Dax up also 0.2% and the CAC-40 in Paris rising 0.4% higher. |
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Autos Support Europe
May 18, 12:37 PM EDT |
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| BT Group rallied over 3% after the U.K. concern posted a 12% rise in profit before special items and nearly halved its pension deficit. |
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| European markets rebounded from earlier weakness to close largely in the positive, helped by auto stocks and bargain-hunting. The French Renault and the German BMW each rose 2% to lead market gainers. On Thursday, the German DAX 30 closed up 0.2%, the French CAC 40 declined 0.2%, while London’s FTSE 100 was flat at 0.09%. |
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European Averages Drop 3%
May 17, 12:44 PM EDT |
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| Copper miner Xstrata fell 5.3% after it offered to buy Canada's Falconbridge Ltd. for C$52.50 a share, valuing the entire company at C$52.50 . |
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| European markets erased earlier gains to close deeply in the red after stronger-than-expected U.S. data on consumer prices raised concerns about inflation and further increases of interest rates. The German DAX 30 slipped 3.4%, the French CAC 40 tumbled 3.2%, and London FTSE 100 dropped 2.9%. |
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Europe Gains on Earnings
May 17, 6:49 AM EDT |
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| European markets rallied on Wednesday morning on strong gains in Asia, buoyant earnings and rallying mining stocks. |
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| Although New York closed a bit lower, reflecting the weaker-than-expected economic data, Asia markets were upbeat Wednesday. That together with strong earnings reports coming from companies across the region gave stocks a boost. Vivendi raised its full-year estimate and its shares were up 4.9%. EADS, the aerospace company advanced 3% after an upgrade by Deutsche bank. By mid morning, London’s FTSE 100 was up 0.2%, CAC in Paris rose 0.4% and Frankfurt’s Xetra Dax gained 0.4 %. |
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Pharmas Lift Europe
May 16, 1:19 PM EDT |
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| EADS shares declined 2.6% after posting gains on strong quarterly results. GlaxoSmithKline shares gained 1.7%, while Sanofi shares added 2.4%. |
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| European markets erased early losses to close higher, supported by defensive healthcare giant companies. The German DAX 30 rose 0.5%, supported by 1.5% gain for Deutsche Post. The French CAC 40 climbed 0.6%, with EADS falling 2.6% after making early gains. London FTSE 100 gained 0.6%, helped by catering company Compass Group, which rose 2.8%. |
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Europe Starts Lower
May 16, 6:54 AM EDT |
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| European markets started lower by mid morning on Tuesday, swinging from earlier advances, as investors were pressured to sell commodity stocks. |
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| Volatility prevailed on the market, as London FTSE 100 dropped 0.5 %, along with the CAC in Paris, down 0.3% and Frankfurt’s Xetra Dax slipping 0.5%. Stocks closed mixed in US trading overnight, as commodity-related companies were on sale after some heavy losses for crude oil and industrial metals. Austria’s OMV led the decliners, down 8.5%, after posting earnings, missing the mark. Among other losers were Norwegian oil company Statoil, falling 0.8%. |
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Weak Dollar Drags Europe
May 15, 1:16 PM EDT |
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| Export-related auto and luxury stocks declined Monday. Volkswagen dropped 3%, DaimlerChrysler lost 1%, and LVMH Moet Hennessy Louis Vuitton fell 2.7%. |
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| European markets closed deeply in the red largely due to continuous inflation concerns and weaker U.S. dollar which weighed on export-related issues. Metals companies also came under pressure, with BHP and Anglo American each down 5%. However, telecommunication stocks bucked the downward trend with Vodafone rising 1.2%. The German DAX 30 lost 1%, the French CAC 40 dropped 1.7%, and London FTSE 100 falling 1.2%. |
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Europe Extends Loss on Inflation Fears
May 15, 6:44 AM EDT |
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| European markets widened last week’s losses in early trading Monday on concerns about the influence of the rising commodity prices. |
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| Sentiment remained glum, overwhelmed by worries of the long-term influence of the advancing commodity prices on inflation and interest rates. After a strong beginning last week, equity markets declined on Thursday and Friday, led by the surprising aggressiveness of the U.S. Federal Reserve, hiking interest rates again on Wednesday. London’s FTSE 100 shed 1% in early trading, Frankfurt’s Xetra Dax slid 0.9 %, the French CAC 40 declined 1.1%. |
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