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Showing posts with the label European Markets at Close Report .

European Markets at Close Report -February 12, 2015: European stocks at 7-year high following Ukraine cease-fire deal.

European stocks at 7-year high following Ukraine cease-fire deal By CARLA MOZEE MARKETS REPORTER LONDON (MarketWatch) — European stocks finished at a more than seven-year high Thursday, with investors latching onto upbeat developments about major risks from Russia and Greece that have dogged the eurozone for months. The Stoxx Europe 600  SXXP,  +0.75%   rose 0.7% to 374.83, its highest close since December 2007, according to FactSet data, gaining traction after Russian President Vladimir Putin said European leaders reached an  agreement for a cease-fire in Ukraine , starting Sunday. The deal, which calls for both sides to pull back heavy weapons, follows 10 months of fighting between Ukrainian troops and pro-Russian separatists.

European Markets at Close Report on February 6, 2015: European stocks erase losses after strong U.S. jobs report. | MarketWatch

European stocks erase losses after strong U.S. jobs report By SALLY FRENCH SOCIAL MEDIA EDITOR CARLA MOZEE MARKETS REPORTER LONDON (MarketWatch) — Europe’s benchmark stock index erased losses Friday in volatile afternoon action after stronger-than-expected U.S. jobs numbers spurred confidence in the world’s largest economy. The Stoxx Europe 600  SXXP,  +0.21%  traded 0.3% higher at 373.71, after trading as low as 370.93 earlier in the day. The turnaround came after the nonfarm-payrolls report from the U.S. showed 257,000 new jobs  were added to the economy in January, beating analyst projections of a 230,000 print. The unemployment rate, however, climbed to 5.7% from 5.6%, as more people entered the workforce. U.S. stock futures moved  firmly higher after the data . In Europe, banks led the move north for the Stoxx 600, with shares of Barclays PLC BARC,  +2.67%   BCS,  +2.10%   up 233%, Bankia SA  BKIA,  +3.14%   3.1% higher and Banca Monte dei Paschi di Si

European Markets at Close Report - September 11, 2014: Russian stocks slump most in Europe after sanction details

By SARA SJOLIN MARKETS REPORTER LONDON (MarketWatch) —Russian stocks posted the biggest losses in Europe on Thursday after the European Union agreed to levy new sanctions against Moscow starting Friday. The rest of Europe also headed lower, with the benchmark index in the red for its fifth straight day. The major indexes had started in positive territory Thursday morning after a  poll on the Scottish referendum put the pro-union campaign  back in the lead, but gains then fizzled. Russia sanctions:  The Russia-Ukraine conflict was back in the spotlight after the European Union said it would launch its new package of sanctions on Russia on Friday,  ending a standoff  that has lasted for most of the week. The 28 member states agreed on the sanctions Monday, but held off on implementation as they watched if Russia would work to scale back tension in Ukraine. Market reaction:  Russia’s MICEX index  XX:MCX   lost 1.3% to 1,449.63 on the back of the sanctions, while the smalle

European Markets at Close Report - June 26, 2014: Europe stocks sway after Fed rate comment Barclays faces dark-pool lawsuit in New York.

LONDON (MarketWatch) — European stocks pared gains Thursday, pulled down alongside U.S. equities after a Federal Reserve official said he foresees policy makers issuing an interest-rate increase sooner than later. The Stoxx Europe 600 index XX:SXXP   -0.02%   was up less than 1 point at 342.05, and had been swept lower after St. Louis Fed President James Bullard said a rate hike by the Fed could take place at the end of the first quarter of 2015. He expects rise in inflation above the 2% level next year, which will spur a debate about the path of interest rates at the Fed, said Bullard during an appearance on the Fox Business Network. While Bullard said in May he sees a rate increase coming late in the first quarter of next year, bets currently on the fed funds futures market indicate a rate hike will take place in the middle of 2015. On Wall Street, the S&P 500 index  SPX   -0.38%    was off 0.4% and the Dow industrials were off session lows after losing more than 100 points

European stocks ease after PMIs miss forecast Credit Suisse climbs after ratings upgrade I European Markets at Close Report by MarketWatch -June 4, 2014-.

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LONDON (MarketWatch) — European stock markets eased on Wednesday after the final reading of the euro-zone services PMI confirmed growth in the sector, but fell short of expectations.  The Stoxx Europe 600 index XX:SXXP +0.02%  fell 0.2% to 342.82, after posting a 0.5% loss on Tuesday.  Shares of Volkswagen AG DE:VOW3 -0.04%  dropped 1.7% to around 190 euros, after the car maker said it had placed more than 10 million new shares at €191 a share, raising €2 billion. Shares of Vodafone Group PLC UK:VOD -1.1

European Markets at Close Report on May 09, 2014: Euro drops through $1.38 to one-month low -Marketwatch-.

By  Ben Eisen , MarketWatch  NEW YORK (MarketWatch) — The euro slid against the dollar on Friday, dropping through the $1.38 threshold to its lowest level in a month as traders continued to react to the dovish tone of the European Central Bank on Thursday. ECB President Mario Draghi said Thursday that he is  comfortable adding monetary easing measures  at the next central bank meeting in June, if they are needed to boost inflation. Despite the ECB’s decision to leave policy unchanged at the May meeting, the comments raised hopes among investors that June gathering could bring action. Draghi said that he would like to look at ECB staff projections before making a decision. Read:  Why Draghi backed himself into a corner . The euro  EURUSD   -0.5904%   traded at $1.3755 on Friday, down nearly a full cent from  $1.3851 late Thursday . The last time the euro was lower on a closing basis was April 7. The currency pair closed out the week down 0.8%. The euro had risen, flirting w