| Europe Market Update Archive: |
|
Oil Leads Europe Higher
Oct 20, 6:38 AM EDT |
|
| OPEC production reduction and the higher finish of U.S. market buoyed European stocks higher on Friday morning. |
|
| European markets hit new five-year highs in early trading on Friday morning, as companies gained strength from overnight upbeat close on U.S. markets and as oil producers advanced after the OPEC oil cartel agreed on a deeper-than-anticipated production reduction. OPEC agreed on a cut of 1.2 million barrels a day, topping the forecast 1 million barrels. The U.K. FTSE 100 gained 0.44%, the German DAX 30 rose 0.4%, the French CAC 40 advanced 0.5%. |
|
|
Full
Story... |
| |
Google Earnings Rise 92%
Oct 19, 4:12 PM EDT |
|
| Saudi cut of 1 mbpd helped oil to recover one dollar and cross $58 per barrel. Citigroup operating earnings rose 6% but net profit fell 23%. |
|
| Citigroup, Bank of America and Bank of NY reported mixed earnings growth, owever shares of all three stocks fell. Citigroup operating earnings rose 6% on a slight decline in revenue in the third quarter. Bank of America reported earnings of $1.18 vs. 95 cents a year ago on revenue rise of 32%. Bank of NY reported earnings of 46 cents vs 51 cents a year ago. After the close Google reported earnings of $2.36 vs $1.32 a year ago. |
|
|
Full
Story... |
| |
Strong Ericsson, Xstrata Offset Weak Nokia, SAP
Oct 19, 1:37 PM EDT |
|
| Automakers also gained sharply as oil traded near weekly lows. Shares of BMW rose 2.3%, Volkswagen rallied 3.6% and shares of Renault improved 1.6%. |
|
| European stock markets finished near the unchanged mark Thursday, as weakness sparked by earnings and sales figures from Nokia, SAP and Nestle was offset by gains from Ericsson and strength among mining stocks. The German DAX 30 closed down 0.1%. The French CAC 40 ended flat at 5,359.74. London FTSE 100 added 0.1% at 6,156.00, helped by resource stocks. |
|
|
Full
Story... |
| |
Earnings Pressure European Stocks
Oct 19, 6:48 AM EDT |
|
| European markets were under pressure on Thursday, as weak earnings reports weighed upon sentiment. |
|
| Traders are also expecting US data and a possible agreement on production cuts by OPEC members. SAP and Ericsson were in focus, while Atos Origin was the subject of speculations that Blackstone, a US private equity firm was considering a takeover of the French information technology company. The U.K. FTSE 100 index sank 0.5%, the French CAC-40 index was 0.5% lower, and the German DAX Xetra 30 index declined 0.4%. |
|
|
Full
Story... |
| |
Ebay and Apple Surge
Oct 19, 12:28 AM EDT |
|
| Ebay and Apple rose in the late hours of trading on earnings. Apple earned 62 cents on revenue of $4.85 B. EBay reporeted 20 cents. |
|
| Mixed economic reports helped market averages to climb higher. CPI fell 0.5% but core CPI rose o.2% in September. Housing starts rose 5.9% but building permits fell 6.3% in the Sept month. JP Morgan reported Q3 earnings of 92 cents beating the estimates of 86 cents. Motorola reported earnings of 32 cents, peny lower than expected and stock fell 5%. Yahoo failed to excite investors and dropped 5% on earnings. Oil dropped below $58 per barrel. |
|
|
Full
Story... |
| |
Europe Tracks U.S. Rally
Oct 18, 1:27 PM EDT |
|
| ASML, Europe's biggest microchip-equipment maker fell 6.6% on concerns over order intake in the Q4 and despite a strong rise in Q3 profit. |
|
| European stock markets rebounded Wednesday on the back of broad-based gains after The Dow Jones Industrial Average broke through the historical level 12,000. The tech sector advanced, with IT services company Cap Gemini, up 2% and SAP, up 0.6%. Mining companies also posted strength. The German DAX 30 climbed 1.1%, the French CAC 40 rose 1.1%, and London FTSE 100 added 0.7%. |
|
|
Full
Story... |
| |
Higher Start for Europe
Oct 18, 6:43 AM EDT |
|
| European markets made a positive start in trading on Wednesday, boosted by forestry paper, mining and energy stocks. |
|
| European stocks advanced in early trading on Wednesday, with the technology sector supported by well-received overnight earnings from U.S. giants Intel and IBM, which, coupled with mining sector gains, helped investors ignore earnings-related news from Akzo Nobel and ASML Holding. The U.K. FTSE 100 index gained 0.6%, Frankfurt Xetra Dax was up 0.5% and CAC 40 in France was up 0.5%. |
|
|
Full
Story... |
| |
Oil Helps Europe Retreat
Oct 17, 12:42 PM EDT |
|
| LVMH Moet Hennessy closed down 2.4% as sales and revenue figures came in line with estimates. Roche sales rose 19%. Shares fell 1%. |
|
| European stock markets retreated from recent gains to close lower Tuesday as higher oil prices dragged auto and transport stocks down, while luxury-goods retailer LVMH and drug maker Roche Holdings declined after posting sales. Inflation fears on Wall Street also hurt market sentiment. The German DAX 30 finished down 1.2%, the French GAC 40 ended lower by 1.1%, and London FTSE 100 ended down 1%. |
|
|
Full
Story... |
| |
Europe Ends Winning Streak
Oct 17, 6:42 AM EDT |
|
| European markets declined Wednesday as profit-taking took hold after a nine consecutive sessions of gains. |
|
| European stocks traded lower on Tuesday morning after higher oil prices weighed down auto and transport stocks such as DaimlerChrysler and as investors sold shares in luxury goods retailer LVMH and drug maker Roche Holdings after sales figures were posted. Oil prices were also in focus, lending support to commodity stocks. By mid morning, the FTSE 100 in London slipped 0.2%, Frankfurt Xetra Dax shed 0.8%, and the CAC 40 in Paris lost 0.7%. |
|
|
Full
Story... |
| |
Infineon, BP Help Europe Up
Oct 16, 1:07 PM EDT |
|
| Dutch consumer electronics Philips Electronics closed down 1.1% after reporting disappointing earnings. |
|
| European stock markets finished higher, supported by gains for oil and technology companies which helped offset weakness sparked by disappointing earnings for Philips Electronics. Shares of BP advanced 1.4%, while miner Lonmin gained 4.1%. Infineon Technology rose 2.1% after Deutsche Bank upgraded its stock. The German DAX 30 closed up 0.2%, the French CAC 40 rose 0.2%, and London FTSE 100 gained 0.3%. |
|
|
Full
Story... |
| |
1
2
3
4
5
6
7
8
9
10
|
|
