| Europe Market Update Archive: |
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Auto Stocks Drive Europe Up
Oct 25, 1:28 PM EDT |
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| Electrolux shares rose 6.7% after the Swedish electrical-products maker reported a 36% rise in adjusted net income to SEK809 million. |
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| European stock markets finished higher. The positive sentiment was generated by earnings-inspired news from auto maker DaimlerChrysler and tire maker Michelin, which helped offset nervousness around the Fed Reserve’s decision on interest rates. The German DAX 30 advanced 0.28%, the French CAC 40 added 0.33%, and London FTSE 100 advanced 0.52%. |
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Strong Earnings Boost Europe
Oct 25, 6:35 AM EDT |
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| European markets were higher on Wednesday hitting fresh five-year highs after a number of impressive earnings results. |
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| Buoyed by the surprisingly strong German business confidence index Ifo and a number of strong earnings results, European stocks reversed from an early cautious start to notch up five-year record high. Michelin and Moller Maersk led the advancers on strong selling results and oil field potential. By mid morning, the FTSE 100 in London gained 0.3%, Frankfurt Xetra Dax added 0.1% to, and the CAC 40 in Paris was 0.3% higher. |
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Amazon Advances, BP Warns
Oct 24, 5:02 PM EDT |
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| Market averages gained with earnings gains from Netflix, Kraft, Lucent, Alcatel and BP. |
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| Ahead of Fed meeting tomorrow, market averages rose despite interst rates related nervousness and Fed meeting beginning tomorrow. Nasdaq fell on TI earnings of 46 cents for the quarter but on weak revenue in the quarter and weaker revenue guidance for the fourth quarter. Lucent rose 7% on earnings of 7 cents per share beating the expectations of 4 cents. Amazon reported profit of 5 cents on revenue rise of 24%, stock in the after hours rose 10%. |
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London Gains, France Declines
Oct 24, 2:48 PM EDT |
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| Alcatel closed up 7.19%, helped by strong results from U.S. merger partner Lucent. |
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| European stock markets finished mixed due to cautious trading ahead of the Fed Reserve’s decision on interest rates. London FTSE 100 gained 0.27% to 6,182.50 points, hitting a new record high since 2001. The German DAX 30 added 0.07% to finish at 6,247.52 points. The French CAC 40 fell 0.13% to close at 5,404.54 points. |
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Europe Slips As Oil, Miners Decline
Oct 24, 6:57 AM EDT |
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| European markets declined by mid morning on Tuesday, as oil and mining groups dropped tracking weak commodity prices. |
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| European shares traded lower on Tuesday morning, as miners BHP Billiton and Anglo American fell and as chipmakers were under pressure from a profit warning from Texas Instruments, though oil large-cap BP gained as profit on an adjusted basis rose. Shares in BHP Billiton and miner Anglo-American dipped. The FTSE 100 in London was flat, Frankfurt Xetra Dax lost 0.2%, the CAC 40 in Paris slipped 0.4%. |
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Dow Up 114, Nasdaq Up 13
Oct 23, 4:03 PM EDT |
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| Oil drops close to 1%. Ford Motor report widest loss in 14 years. Treasuries slipped before Fed meeting begin tomorrow. |
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| Market maintained upward bias since the morning hours. Strong rise in earnings from AT&T was followed by a loss of $5.8 billion by Ford Motor. American Express earnings rise 11% but misses revenue target. wal-Mart to slow capital spending to open new domestic stores. Earnings from Hasbro and Xerox exceeded analysts views. IBM sues Amazon for Internet patent violation. Energy stocks fell on oil. Google jumps $22. |
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Europe Rebounds on U.S. Market Rally
Oct 23, 1:29 PM EDT |
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| Techem rose 16% after the company reportedly received an acquisition offer from Australian investment bank Macquarie Bank, which it later rejected. |
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| European stock markets finished in the positive territory, boosted by deal news and strength in the transport sector. A strong rally on Wall Street and a new all-time high for Dow Jones also contributed to the upside move. The German DAX 30 rose 0.6%, supported by deal speculation. The French CAC 40 gained 0.7%, helped by airline Air France-KLM. London FTSE 100 closed up 0.2%, helped by gains in Standard Chartered. |
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Oil Stocks Overshadow Tech Gains
Oct 23, 6:38 AM EDT |
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| European markets declined by mid morning on Monday as oil shares offset gains for technology and financial stocks. |
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| Crude oil prices shed more than 1% on commodities exchanges, despite comments that Saudi Arabia was ready to join other OPEC members in production cuts. This news weakened the energy sector but was good news however, for European airlines and other heavy users of petroleum products. The FTSE 100 in London shed 0.1%, while Frankfurt Xetra Dax remained marginally higher at 6,207.22 and the CAC 40 in Paris fell 0.1%. |
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Caterpillar Drops 13%, Google Rises 7%
Oct 20, 4:05 PM EDT |
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| Oil fell despite OPEC production cut. Merck rose 2% but released lower earnings. Caterpillar plunged 13%, SanDisk lost 20% and Google rose 7%. |
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| Industrial stocks traded lower after Caterpillar released earnings of 95 cents. The stock dropped 13%. SanDisk dropped 20% after it warned that fourth quarter earnings will drop between 15% and 20% on flash memory price slow down. Coca Cola rose 4% on earnings and broker recommendation. 3M reported earnings of $1.18 vs. $1.08 a year ago. Google jumped 7% on higher than expected earnings. |
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Europe Closes Mostly Higher
Oct 20, 2:05 PM EDT |
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| Corus shares ended down 1% as investors registered their disappointment that it agreed to be bought by Tata Steel for 4.3 billion pounds. |
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| European stock markets closed mostly higher, with retreating oil prices helping to erase some of the earlier gains. The oil-sensitive London FTSE 100 ended down 0.01% at 6,155.20. Across the region, the German DAX 30 closed up 0.41% at 6,202.82. In Paris, the CAC 40 gained 0.29% at 5,375.35. |
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