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Showing posts with the label Europe Markets Closing Report

Europe markets closing report | Tuesday, April 19, 2022:

 Source:  cnbc.com European stocks close lower as traders watch Russia's next move in Ukraine Elliot Smith, Holly Ellyatt 4-5 minutes LONDON — European stocks closed lower on Tuesday, with investors' attention focused on the latest developments in the war between Russia and Ukraine. The pan-European Stoxx 600 slid 0.7% by the end of trade, with the insurance sector leading the losses and energy stocks eking out some slim gains. In terms of individual share price movement, Swiss technology company Temenos gained 7% while at the bottom of the European blue chip index, Swiss Re fell 7.6%. Global investors were watching Ukraine closely after the country's military said on Monday that a long-expected offensive push into the Donbas region in eastern Ukraine has started, with intensified assaults in the Slobozhansky and Donetsk operational districts in the north and east of the country. With the conflict showing

Europe Markets Closing Report | Friday, March 25, 2022:

 Source: cnbc.com European stocks close slightly higher with Ukraine, monetary policy in focus Elliot Smith 2-3 minutes LONDON — European markets closed slightly higher on Friday, as investors continued to monitor the war in Ukraine and assess the outlook for global monetary policy. The pan-European Stoxx 600 closed higher by just 0.12%, having reversed earlier losses. Oil and gas stocks climbed 1.2% while banks shed 0.4%. In terms of individual share price movement, Sweden's Trelleborg surged more than 23% to lead the European blue chip index after Yokohama Rubber announced that it would buy its tire business for $2.18 billion. At the bottom of the index, German cooking appliance manufacturer Rational fell 11%. Global markets have been tracking negotiations over Russia's invasion of Ukraine closely, and Thursday saw a host of high-level meetings between world leaders and international bodies. NATO com

Europe Markets Closing on Friday, December 10, 2021 European stocks close slightly lower as markets track omicron, U.S. inflation surge

Source: cnbc.com Elliot Smith 4 minutes LONDON — European markets closed slightly lower on Friday as renewed concerns about the omicron Covid-19 variant continue to weigh, while investors reacted to key U.S. inflation data. The pan-European Stoxx 600 provisionally ended 0.3% lower, with most sectors and major bourses in negative territory. Retail stocks led the losses, falling 1.4%. The U.S. Labor Department revealed on Friday that consumer price index (CPI) inflation stateside soared 6.8% annually in November, its steepest yearly climb since 1982 and slightly ahead of economist expectations. Data on Thursday showed U.S. jobless claims hitting their lowest rate since 1969 last week, as 184,000 people filed new unemployment insurance claims , with the labor market continuing to tighten. Markets have been reacting throughout the past couple of weeks to comments and research into the transmissibility and sever

Europe Markets Closing Report on Wednesday 17, November, 2021: European stocks close slightly higher amid inflation fears; Sage up 10% on earnings.

Source:  cnbc.com Elliot Smith 2-3 minutes LONDON — European stocks closed slightly higher on Wednesday as investors reacted to inflation data and a fresh batch of corporate earnings. The pan-European Stoxx 600 provisionally closed up by 0.2%, with mining stocks gaining 1.2% while travel and leisure stocks dropped 1.6%. Shares in Asia-Pacific declined overnight as Japan's export growth slowed to an eight-month low, sending shares of automakers lower. On Wall Street, U.S. stocks fell Wednesday despite strong earnings reports from big-box retailers Target and Lowe's. Back in Europe, euro zone inflation was confirmed at 4.1% year-on-year in October, more than double the European Central Bank 's target. In its biannual stability report published Wednesday , the ECB warned of stretched valuations in property and financial markets, as the region continues to recover from the coronavirus pandemic on the back of ultra-lo

Europe I Europe Markets Closing Report: European stocks fall close lower as weak German data rattles markets; Thomas Cook collapses

Sam Meredith, Ryan Browne 3-4 minutes - Source: CNBC European shares were sharply lower Monday afternoon, as investors reacted to weaker-than-expected economic data and the collapse of one of the world’s most well-known tour operators. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7326.08 -18.84 -0.26 484053582 DAX DAX DAX 12342.33 -125.68 -1.01 80383570 CAC CAC CAC 5630.76 -60.02 -1.06 81625014 The pan-European Stoxx 600 was down around 0.8% during afternoon deals, with most sectors and major bourses in negative territory. Europe’s autos sector, mining sector, and banking index all traded sharply lower. France’s Peugeot Citroen , Germany’s Commerzbank and the Netherlands’ ArcelorMittal were the worst performers from their respective sectors. Fragile market sentiment deteriorated on Monday after business activity data from the bloc’s biggest economy added to i

Europe I Europe Markets Closing Report: European stocks close higher as Brexit chaos rumbles on and Hong Kong tensions ease

Chloe Taylor, Elliot Smith 3-4 minutes - Source: CNBC European stocks closed higher Wednesday after British lawmakers defeated Prime Minister Boris Johnson’s government in a vote to seize control of parliamentary business, moving closer to blocking a no-deal Brexit . European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7311.26 43.07 0.59 674921405 DAX DAX DAX 12025.04 114.18 0.96 63323800 CAC CAC CAC 5532.07 66.00 1.21 60939825 The pan-European Stoxx 600 was up 0.9% at the closing bell, basic resources jumping 2.9% to lead gains as all sectors and major bourses traded in positive territory. In the House of Commons on Tuesday night, MPs voted to allow a bill to block a no-deal Brexit to be introduced, defeating the government by 27 votes as 21 lawmakers from Johnson’s own ruling Conservative party voted with the opposition. Johnson said following the vote that he wo

Europe I Europe Markets Closing Report: European stocks close lower as UK prepares for Brexit showdown; Sterling back above $1.20

Chloe Taylor, Elliot Smith 4-5 minutes - Source: CNBC European stocks traded lower Tuesday afternoon but pared earlier losses following reports that the European Central Bank (ECB) could soon announce a broad stimulus package for the euro zone. The pan-European Stoxx 600 was down 0.17%, retail stocks each shedding 0.8% to lead losses as most sectors and major bourses traded in the red. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7248.70 -33.24 -0.46 388300174 DAX DAX DAX 11894.72 -59.06 -0.49 46922089 CAC CAC CAC 5454.73 -38.31 -0.70 36480272 Sterling broke below $1.20 on Tuesday morning amid Britain’s political uncertainty, sliding as low as $1.1967 to reach its lowest point against the greenback since the October 2016 flash crash. However, it recovered slightly to trade at $1.2036 by around 2:30 p.m. as rebel lawmakers applied for an emergency debate in

Europe I Europe Markets Closing Report: European stocks close higher on signs of trade war easing; Italy stock falls; Deutsche Wohnen up 10%

Chloe Taylor, Elliot Smith 3-4 minutes - Source: CNBC European stocks rallied on Friday after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7192.19 7.87 0.11 378049305 DAX DAX DAX 11909.86 70.98 0.6 0 48089101 CAC CAC CAC 5467.95 17.98 0.33 44617656 The pan-European Stoxx 600 climbed 0.8% by the afternoon, with China-exposed basic resources stocks jumping 2.5% as all sectors traded in positive territory. Bucking the trend, however, were Italian stocks, which fell on the back of new political developments in the country. Luigi Di Maio, leader of Italy’s Five-Star Movement, said on Friday his party would only enter a coalition with opposition PD if it agreed to a string of policy demands, dentin

Europe I Europe Markets Closing Report: Europe stocks close higher as China says it wants 'calm' trade resolution; Micro Focus down 31%

Chloe Taylor, Elliot Smith 4 minutes - Source: CNBC European markets closed higher on Thursday as investors monitored developments in the U.S.-China trade war and digested comments from central bank officials. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7182.46 67.75 0.95 369036852 DAX DAX DAX 11836.88 135.86 1.16 50688393 CAC CAC CAC 5450.19 81.39 1.52 47932881 Stocks trimmed gains slightly during the afternoon session , after European Central Bank (ECB) policymaker Klass Knot said he saw no reason for quantitative easing to be resumed in the region, according to Bloomberg. Soft inflation data had earlier reinforced expectations that the ECB will inject stimulus into the economy next month, providing an additional boost to stocks. Although Knot’s comments briefly dented sentiment, the pan-European Stoxx 600 pared losses to end the session more than 1% high

Europe | Europe Markets Closing Report: Europe stocks close lower; sterling falls on no-deal Brexit fears; Thomas Cook tumbles 16%

Chloe Taylor, Elliot Smith 3 minutes - SOURCE: CNBC European stocks ended Wednesday’s session in negative territory after the U.S. yield curve inversion deepened to levels not seen since 2007, reigniting fears of an impending recession. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7114.71 25.13 0.35 669423128 DAX DAX DAX 11701.02 -29.00 -0.25 59962608 CAC CAC CAC 5368.80 -18.29 -0.34 62433877 The pan-European Stoxx 600 was 0.1% lower at the closing bell, insurance stocks shedding 1.2% while the oil and gas sector posted gains on the back of higher oil prices. The inversion of the spread between the 10-year and 2-year U.S. Treasury yield continued to worsen on Wednesday after falling to its lowest level since before the financial crisis on Tuesday, with inversions of the yield curve consistently preceding periods of recession. The rate on the benchmark 30-ye

Europe | Europe Markets Closing Report: European stocks close flat as Trump signals US-China trade talks will resume

Chloe Taylor, Elliot Smith, Ryan Browne 3-4 minutes Source: CNBC European stocks traded lower on Monday, after U.S. President Donald Trump said China had called U.S. trade negotiators to resume talks. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7094.98 -33.20 -0.47 643009319 DAX DAX DAX 11642.62 31.11 0.27 41563176 CAC CAC CAC 5343.82 16.95 0.32 35186642 The pan-European Stoxx 600 index was around 0.2% lower during afternoon deals, with autos leading gains on a 0.7% climb. Healthcare stocks were the worst performers, falling 0.6%. U.K. markets are closed due to a bank holiday. Speaking to reporters on Monday at the Group of Seven (G-7) summit in Biarritz, France, Trump said China had expressed a desire to resume discussions over a potential trade deal. “China called last night our top trade people and said ‘let’s get back to the table’ so we will be gett

Europe | Europe Markets Closing Report: European stocks close lower as US-China trade tensions escalate

Elliot Smith 4-5 minutes:    Source: CNBC European stocks closed lower on Friday as trade tensions between the world’s two largest economies heightened. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7118.56 -9.62 -0.13 384425437 DAX DAX DAX 11667.38 -79.66 -0.68 63976446 CAC CAC CAC 5350.88 -37.37 -0.69 44455877 The pan-European Stoxx 600 closed provisionally 0.6% lower, with most sectors in negative territory. Autos stocks suffered sharp losses by the close, slumping 2%. The Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on the additional imports in two batches, effective on September 1 and December 15. A 25% tariff will also be places on U.S. cars and 5% on auto parts, with effect from December 15. Following that announcement, President Donald Trump said he was ordering American companies to “immediately start looking fo

Europe I Europe Markets Closing Report: European stocks close lower amid recession fears; investors await Fed clarity

Elliot Smith 3-4 minutes - Source: CNBC European stocks closed lower on Thursday as fears of a recession rose ahead of a key speech from Federal Reserve Chairman Jerome Powell. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7128.18 -75.79 -1.05 642093678 DAX DAX DAX 11745.74 -57.11 -0.48 73713477 CAC CAC CAC 5388.25 -47.23 -0.87 70404369 The pan-European Stoxx 600 closed provisionally down 0.5%, with the majority of sectors and major bourses tipping into negative territory. European markets started the session in the red after the widely watched 2-year-10-year U.S. yield curve inverted for the second time in two weeks . The yield curve, often monitored as precursor for recession, flattened and then briefly inverted Wednesday after the release of minutes from the latest meeting of the U.S. Federal Reserve’s Federal Open Market Committee (FOMC). The main part of

Europe | Europe Markets Closing Report: European stocks close higher as investors await Fed minutes

Elliot Smith 4-5 minutes - Source: CNBC European stocks closed higher Wednesday as investors awaited minutes from a meeting of the U.S. Federal Reserve, while President Donald Trump suggested he was weighing measures to boost the world’s largest economy. European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7200.27 75.27 1.06 393612937 DAX DAX DAX 11795.55 144.37 1.24 43015750 CAC CAC CAC 5433.05 88.41 1.65 35978002 The pan-European Stoxx 600 closed provisionally up over 1.1% , autos leading gains with a 1.7% jump as all sectors and major bourses traded firmly in positive territory. Shares of  Renault and Fiat Chrysler Automobiles both gained after an Italian press report suggested contact between executives at both firms has never ceased and a merger remains on the cards. Renault stock climbed 3.7% while Fiat Chrysler was up 3.3%. European investors monitor

Europe | Europe Markets Closing Report: European stocks close lower as Italian PM resigns; FTSE MIB slides 1%

Elliot Smith 9-11 minutes - Source: CNBC

Europe | Europe Markets Closing Report: European stocks close higher as policy stimulus hopes grow; Greene King up 51%

Elliot Smith 3 minutes - Source: CNBC European stocks rose on Monday as hopes emerged for stimulus from central banks and fiscal measures from major economies such as China and Germany . European Markets: FTSE, GDAXI, FCHI, IBEX TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7196.78 79.63 1.12 377357276 DAX DAX DAX 11718.78 156.04 1.35 55596963 CAC CAC CAC 5369.57 68.78 1.30 46759248 The pan-European Stoxx 600 closed provisionally up more than 1%, with basic resources surging over 2%. All sectors and most major bourses were in positive territory. German Finance Minister Olaf Scholz said on Sunday that Germany has the fiscal strength to mitigate any future economic crisis with “full force” and suggested that Berlin could free up around 50 billion euros ($55 billion) of extra spending. Meanwhile, China’s central bank unveiled a key interest rate reform on Saturday intended to lower borrowing costs f