| Europe Market Update Archive: |
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Economic Worries Weigh on Europe
Nov 14, 12:59 PM EST |
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| Acambis dropped 39% in London. Spanish Telefonca rose 1.2%, and Telekom Austria gained 2.1% on strong Q3 results. |
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| European stock markets closed modestly lower on Tuesday, reflecting worries about the strength of the European economy and losses for steel stocks. Tame U.S. inflation data and gains in the telecommunications sector failed to offset the decline. The German DAX edged down 0.1%. The French CAC 40 dropped 0.3%. London FTSE 100 ended down 0.1%. |
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Europe Gains on Telecoms
Nov 14, 6:54 AM EST |
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| European markets were higher on Tuesday, as telecoms advanced after strong results from Vodafone, Telekom Austria and Telefonica. |
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| European shares traded higher on Tuesday, helped by some further gains in the telecom sector after Vodafone Group reported well-received results, and as mining shares recouped some of the losses on the previous day. Overnight in New York, the main stock indicators finished with modest gains, driven by technology stocks. By mid morning, the FTSE 100 in London added 0.3%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris was marginally higher. |
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Intel and Dell Drive Market Higher
Nov 13, 4:29 PM EST |
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| Intel and Dell supported a steady upward drift in Nasdaq average. Motorola received $1.6 billion order from China. |
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| Upgrades on Intel and Dell helped to rally semiconductor and tech stocks in general. Broader averages gained on comments fom the Fed President of Dallas. His assertion that the economy is expanding forcefully helped market to further gains in large cap stocks. Intel rose 1.9%, Dell gained 3% and Tyson Foods gained 4% on profit forecast in 2007. Wynn Resorts to issue a special dividend of $6 per share. |
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Telecoms Send Europe Higher
Nov 13, 1:25 PM EST |
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| French power and transportation infrastructure group Alstom jumped 8.5% after the company said first-half net profit rose 67% to 227 million euros. |
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| European stock markets closed in the green territory Monday, helped by telecoms stocks and solid gains for Alstom. The German DAX 30 advanced 0.57%, boosted by 2.6% gain for Deutsche Telekom. The French CAC 40 rose 0.8%, led by engineering group Alstom. London FTSE 100 added 0.23%, with gains limited by miners BHP Billiton, Rio Tinto and drug maker Novartis. |
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Europe Advances on Earnings
Nov 13, 6:31 AM EST |
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| European markets moved higher on Monday as earnings news helped offset declines for mining stocks. |
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| Mining stocks, weakened in response to lower commodity prices. Top of the earnings pile on Monday was Alstom, the French engineering group. It reported a 27% rise in first-half operating profit. Miners were the biggest weight to the downside on worries that a slowdown in the global economy would hurt demand for metals. In early trade, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris added 0.3%. |
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Dollar, Oil and Copper Fell
Nov 10, 4:24 PM EST |
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| Oil drops below $60 per barrel. S&P and Nasdaq higher led by rsie in AIG and Boeing. Dollar fell against major currencies. Gold fell. |
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| AIG profit rise and Boeing win of order worth as much as $15 bilion failed to excite investors in the larg cap. Martket averages barely budged for the day. Disney profit gains was tempered by the caution that recent acquisition of Pixar may take five years to work out. Disney stock fell 3.5%. Copper dropped 22 cents causing a sharp drop in Phelps Dodge, Rio Tinto and Southern Copper Peru. |
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U.K. Falls on Weak Pharmas
Nov 10, 1:36 PM EST |
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| Shares of Euronext jumped 6.5% boosted by the shares of its agreed merger partner, the NYSE Group. |
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| European stock markets closed little changed Friday, reflecting continuous weakness among pharmaceutical stocks. However, gains in chemical firms such as Rhodia and commodity-related shares helped limit the downside move. London FTSE 100 dropped 0.37%. The French CAC 40 ended flat at 5,447.5. The German DAX 30 ended flat at 6,357.77. |
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Pharma Stocks Push Europe Lower
Nov 10, 6:33 AM EST |
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| European shares dropped on Friday with pharmaceutical stocks leading the declines on fears over tighter regulation of drug companies in US. |
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| European shares traded in the red on Friday morning, due to a concerns over U.S. consumer sentiment data and recent oil price strength and as the downturn in pharmaceuticals stocks such as GlaxoSmithKline and AstraZeneca continued. Friday represents the third day of share price weakness for these companies. By mid morning, the FTSE 100 in London lost 0.5%, while Frankfurt Xetra Dax fell 0.7%, the CAC 40 in Paris shed 0.5%. |
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Dow Down 73, Nasdaq Down 9
Nov 09, 4:13 PM EST |
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| Pharma and consumer stocks declined again. Oil and gold rose. China sends dollar lower and gold higher. AIG and Disney beat earnings expectations. |
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| Maket averages tunred negative in the afternoon trading on rise in oil price. ExxonMobil gained on the rise in oil and is expected to generate annual gain not seen since 1985. Cisco rose 7% on the 28% rise in earnings. Trade deficit in Sept declined to $64 on lower oil price and strong sales of aircraft. Initial claims of jobless fell in the last week. Gold miners rose between 4% and 5%. |
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Banks, Pharmas Weigh on Europe
Nov 09, 1:00 PM EST |
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| Shares of Siemens rose 3.1% on higher profit and sales for 2006. EADS added 1.1% on news Dubai International Capital with a potential EADS stake buy. |
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| European stock markets closed mixed, reflecting earnings-inspired gains from industrial conglomerate Siemens and brewer Inbev and weakness in the healthcare and financial sectors. London FTSE 100 finished down 0.1% dragged by pharma and ban stocks. The German DAX 30 added 0.2%, supported by Siemens. The French CAC 40 rose 0.2%, helped by EADS. |
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