| Europe Market Update Archive: |
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Earnings Lift European Stocks
Nov 09, 6:48 AM EST |
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| European markets edged higher Thursday as strong earnings and a turnaround on US market overnight pushed stocks up.. |
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| European shares gained ground in early deals on Thursday as gains from companies such as industrial conglomerate Siemens and brewer Inbev after reporting earnings outweighed some weakness from health care stocks after reports emerged that the Democrats have won the U.S. Senate as well has the House of Representatives. By mid morning, the FTSE 100 in London nudged slightly lower, Frankfurt Xetra Dax gained 0.2% and the CAC 40 in Paris added 0.2%. |
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Defense and Healthcare Drop on Election
Nov 08, 4:07 PM EST |
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| Defense Secretary Rumsfeld resigned pushing the defense stocks lower. Energy stocks rose on rise in oil. Democrats gained control of House. |
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| Wall Street was affected by the shift in political landscape in washington. President acknowledging the election results accepted the resignation of Rumsfeld, a controversial figure. Ethanol stocks rose on higher subsidy expectations. New York Stock Exchange to fire 17% and considers closing the floor in New York. Cisco reported 30% rise in earnings to 26 cents from 20 cents a year ago. |
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Pharmas Lead European Decline
Nov 08, 12:50 PM EST |
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| EADS rose 3.2% as the company confirmed it expects sales of well above 37 billion euros in 2006. |
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| European stock markets finished down, reflecting cautious trading amid the election victory of the U.S. Democrats. Drug stocks were among the biggest losers on fears that if the Democrats win both the House and the Senate, they might enforce lower drug prices. AstraZeneca slipped 2%, GlaxoSmithKline dropped 1.6%, Novartis fell 1%, while Roche lost 0.5%. The German DAX 30 fell 0.2%, London FTSE lost 0.1%, while the French CAC 40 was flat at 5,437.10. |
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US Elections Weigh Europe down
Nov 08, 6:40 AM EST |
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| European stock markets slipped on Wednesday as expectations of losses later on US |
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| European shares retreated slightly in early trading on Wednesday, as investors were cautious after an inconclusive U.S. election result and some mixed third-quarter figures from companies such as EADS and Total. Oil companies were also under the spotlight because of the U.S. election. By mid morning, the FTSE 100 in London lost 0.3%, Frankfurt Xetra Dax shed 0.4%, and the CAC 40 in Paris was down 0.4%. |
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Market Climbs On Election Gridlock
Nov 07, 4:20 PM EST |
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| Boeing climbed on order of freighters from FedEx. Emerson Electric gain in earnings helped industrial stocks. Dollar fell. Treasuries rose. |
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| Market maintained upward surge right at the opening. Expected shift in the U.S. Congress in favor of Democratic party raised the prospects of gridlock in decision making. Status quo seems to be preferred by investors. Boeing jumped 5% on the order of $3.6 billion for air freighters from FedEx. Emerson gained 7% on earnings. Dow Jones Industrial Average is up 14% for the year. Only Merck, Intel and AIG are lagging in the index. Home builders Toll and Beazer net fell. |
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Europe Gains on Oil and Retailers
Nov 07, 1:17 PM EST |
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| Media company Vivendi shares declined 2.3% amid lower-than-expected Q3 sales. |
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| European stock markets finished higher, as oil prices surpassed $60 a barrel and gains in the retail sector countered weakness among media stocks. The French CAC 40 led regional gainers, closing up 0.55%, supported by oil giant Total. The German DAX 30 added 0.17%, supported by shares in apparel maker Puma. London FTSE 100 closed up 0.06%, helped by 6.3% rise by shares of retailer Mark & Spencer. |
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Europe Hits 5-Year High
Nov 07, 6:31 AM EST |
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| European markets struck five-year highs Tuesday on oil stocks and banks after a strong rally on US market overnight. |
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| European stocks advanced on Tuesday morning after some positive comments on the U.S. economy from a Federal Reserve official, countering some early earnings-related weakness from companies such as French media giant Vivendi. Oil stocks rose after a bounce in crude oil prices overnight and supported energy shares. By mid morning, London FTSE 100 was flat, Frankfurt Xetra Dax added 0.1%, and the CAC 40 in Paris gained 0.3%. |
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Dow Up 120, Nasdaq Up 35
Nov 06, 4:11 PM EST |
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| Market averages rose across the world led by a surge in Europe and NY. Master Card jumps 8%. Four Seasons surge on buyout offer. |
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| Five deals totaling $16 billions supported strong rise in broader averages in the New York and European trading. Hotel Operator Four Seasons CEO offered to take company private at $3.7 billion. Operator of Outback Steakhouse, OSI Restaunrats plans to go private with the help of Bain Capital for $3.2 billion. Goldman Sachs offered to take fork lift division of German company Linde for $4.6 billion. Kinross Gold agreed to buy Bema Gold for $3.1 billion. Abott to buy Kos Pharma for $3.7 billion. |
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Europe Rallies on Deal News
Nov 06, 1:18 PM EST |
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| Hotel operators Accor and InterContinental Hotels gained 2% after Four Seasons was offered a takeover bid. |
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| European stock markets posted solid gains Monday, lifted by earnings-inspired gains and deal news in Europe and the U.S. Low-cost airline Ryanair was in the spotlight, rising 2.9% on strong Q3 results. The German DAX 30 advanced 1.43%, the French CAC 40 rose 1.24%, and London’s FTSE 100 climbed 1.24%. |
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Ryanair Lifts Europe
Nov 06, 6:32 AM EST |
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| European markets advanced Monday as investors welcomed upbeat earnings news and oil prices remaining below $60 a barrel lifted sentiment. |
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| European stocks traded higher in early trading on Monday, buoyed by earnings from companies including Irish low-cost airline Ryanair Holdings, oil prices staying below $60 a barrel and amid continued merger-and-acquisition moves. The early positive earnings and deal news helped investors neglect a lower end in the U.S. stock market last week. By mid morning, London FTSE 100 climbed 0.6%, while Frankfurt Xetra Dax gained 0.7%, the CAC 40 in Paris added 0.4%. |
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