| Europe Market Update Archive: |
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Dow Down 32, Nasdaq Down 3
Nov 03, 4:35 PM EST |
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| October non-farm payroll rose 92,000 but Sept and August job creation data were revise sharply. Unemployment fell to five year low to 4.4%. |
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| Market averages traded in no clear direction. The conflicting job reports cut the early rally to losses by mid-day trading. Whole Foods reported earings of 28 cents vs. 6 cents a year ago. The company revenue rose to $1.29 billion from $1.12 billion a year ago. The company lowered the same store sales growth targest in 2007 between 6% and 8% from the rate of 11% in fiscal 2006. The stock lost 23% or $14 in Friday trading. FedEx plans to raise shipment rates by 5.5% for the Express service. |
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Europe Closes on Positive Note
Nov 03, 12:48 PM EST |
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| Euronext., stock exchange operator, rose 4% on news that it is in talks to sell its 41.5% stake in clearing house LCH. |
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| European stock markets closed in the positive, boosted by stronger-than-expected U.S. jobs data and gains for financial Gommerzbank. The German DAX 30 advanced 0.29%, led by 4.3% rise in the shares of Commerzbank. The French CAC 40 climbed 0.49%, helped by Euronext. London FTSE 100 ended flat at 6,148.10, pressured by losses for British Airways and Rexam. |
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Europe Advances Modestly
Nov 03, 6:31 AM EST |
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| Banks powered a modest rally for European stocks on Friday as Commerzbank in Germany reported positive third-quarter results. |
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| Apart from the upbeat results from Commerzbank, the advance was fueled by oil stocks bouncing back in spite of further losses for crude oil prices. Gains in the insurance sector also helped after some well-received earnings from Allianz of Germany. The FTSE 100 was steady as U.K. investors were weighing results from airline British Airways. By mid morning, the FTSE 100 in London was flat, Frankfurt Xetra Dax added 0.2% and the CAC 40 in Paris edged marginally higher. |
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Germany, France Close down 1.1%
Nov 02, 1:13 PM EST |
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| GlaxoSmithKline rose 1.6% after it was upgraded to neutral from underweight. AstraZeneca gained 1.5%. |
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| European stock markets closed notably lower, as investors turned to profit taking after a weak opening on Wall Street, mixed earnings reports, and a hint by the ECB that it will raise interest rates at its next meeting. The German DAX 30 slipped 1.1%. The French CAC 40 also dropped 1.1%, while London FTSE 100 closed flat at 6,149,30. |
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Europe Lower on Banks, Miners
Nov 02, 6:37 AM EST |
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| European markets declined on Thursday after further evidence of a slowing American economy hit US indices. |
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| European shares fell on Thursday, hurt by concerns over a flagging U.S. economy after recent downbeat data and by a mixed set of third-quarter numbers from some of biggest companies in Europe, including Unilever and BASF. Mining and financial stocks also weighed down on the market. Miners dropped on the demand implications behind slowing growth in the US. By mid morning, the FTSE 100 in London shed 0.25, Frankfurt Xetra Dax fell 0.23%, and the CAC 40 in Paris lost 0.7%. |
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Commodities Lead Europe Up
Nov 01, 1:10 PM EST |
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| Resource stocks like Rio Tinto and BHP Billiton climbed 2.5% each on the back of record-high zinc price. |
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| European stock markets finished Wednesday session higher largely on gains in the mining sector. Resource stocks like Rio Tinto and BHP Billiton climbed 2.5% on the back of record-high zink price. The gold sector also showed considerable strength. Shares of oil giants BP and Total also contributed to the upward move. London FTSE 100 rose 0.33%. The German DAX 30 added 0.3%. The French CAC 40 closed up 0.41%. |
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Banks, Metals Support European Markets
Nov 01, 6:41 AM EST |
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| Gains from the metals sector aided Europe to a modest advance, as markets ignored disappointments at Deutsche Bank and Continental AG. |
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| European stocks were slightly higher Wednesday as banks dominated following merger updates from Banco Popolare di Verona e Novara and Banca Popolare Italiana. Oil companies and metal stocks also helped the markets, with BP and Total advancing. Rio Tinto and BHP Billiton gained after zinc prices touched record highs and as gold prices also strengthened. In early trade, the FTSE 100 in London gained 0.2%, Frankfurt Xetra Dax climbed fractionally, and the CAC 40 in Paris was flat. |
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Sanofi-Aventis Drags France Down
Oct 31, 12:45 PM EST |
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| The Swiss SMI stock market index dropped 0.9%, as UBS shares slipped 3.8% after the company reported 21% profit drop in Q3. |
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| European stock markets finished little changed Tuesday, reflecting gains in transport and auto shares on the back of weaker oil prices, but losses in the banking in the wake of disappointing results reported by Swiss banking giant UBS. Germany''s DAX Xetra 30 index gained 0.17%. London FTSE 100 index added 0.04%. The French CAC 40 closed down 0.25%. |
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Europe Higher on Carmakers
Oct 31, 6:41 AM EST |
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| European markets advance by mid morning on Tuesday as carmakers rallied, while banks swung from earlier losses. |
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| Banks reversed earlier losses and also insurers made strong earnings-driven gains. Carmakers recovered some of the previous losses, with DaimlerChrysler leading the advance on speculation it may sell its poorly-performing US Chrysler group. UBS, the biggest wealth manager in the world, impacted the market negatively as it posted a worse-than-forecast 21% drop in third-quarter net profit. By mid morning, the FTSE 100 rose 0.3%, Frankfurt Xetra Dax added 0.4%, the CAC 40 in Paris climbed 0.1%. |
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Oil Down 4%, Nasdaq Up 13
Oct 30, 4:44 PM EST |
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| Verizon reported Q3 profit of 66 cents and added 1.9 million cellular subscribers and lost land line subscribers. |
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| Core rate of inflation of in Sept rose 0.2%, excluding food energy prices, down from 0.3% in August. Annual core inflation index PCE index measure for the year so far is running at 2.4%, higher than 2% target rate for the Central Bankers rate. Verizon reported Q3 revenue lower than expected on soft revenue in land-line business. Recent acquisitions and rise in wireless unit helped the total earnings. |
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