Posts

Showing posts with the label European Markets.

News | Business | European Markets: European markets retreat as coronavirus resurgence weighs; Tech stocks down 5%

  Elliot Smith 2 minutes - Source: CNBC LONDON — European markets were lower Monday morning as surging coronavirus cases throughout the continent and a stalemate over U.S. fiscal stimulus continue to weigh on sentiment. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5829.20 -31.08 -0.53 39081620 .GDAXI DAX DAX 12328.45 -317.30 -2.51 7243312 .FCHI CAC 40 Index CAC 4853.71 -55.93 -1.14 4085440 The pan-European Stoxx 600 fell 0.9% at the start of trading, with tech stocks plunging 5.1% as all sectors except healthcare slid into negative territory. The resurgence of the coronavirus in Europe has continued apace in recent days, with France reporting a record daily rise in new infections on Sunday, Italy ordering bars to close early and shutting public gyms and Spain issuing a nationwide curfew to stem a worsening outbreak. The U.S. also reported a record number of daily Covid-19 infections on Friday with more th

European Markets Closing Report: European markets close lower with U.S. stimulus, consumer data and earnings in focus

  Elliot Smith, Holly Ellyatt 3-4 minutes - Source: CNBC LONDON — European stocks closed slightly lower on Thursday as investors digested uncertainty over U.S. coronavirus stimulus, new consumer data and a raft of corporate earnings. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5794.35 17.85 0.31 437528325 .GDAXI DAX DAX 12553.91 -3.73 -0.03 42058524 .FCHI CAC 40 Index CAC 4857.85 3.90 0.08 62970163 The pan-European Stoxx 600 provisionally closed down by around 0.2%, with most major bourses in negative territory. Sectors showed a more mixed picture, with tech stocks shedding 1.1% while travel and leisure shares gained 1.5%. On the data front, German consumer confidence has ebbed with GfK’s forward-looking index for November coming in at -3.1 points, down from 1.7 points in October. Later in the session, a flash estimate from the European Commission showed euro zone consumer confidence falling 1.6 points

European Markets Closing Report: European markets close lower as investors digest earnings, virus and China data

  Elliot Smith, Holly Ellyatt 3-4 minutes - Source: CNBC LONDON — European stocks retreated on Tuesday, as investors digested the start of U.S. earnings season, the latest China data and coronavirus developments. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5963.10 -38.28 -0.64 482678847 .GDAXI DAX DAX 12998.93 -139.48 -1.06 36871229 .FCHI CAC 40 Index CAC 4941.90 -37.39 -0.75 54123733 The pan-European Stoxx 600 ended the day 0.7% lower provisionally, with almost all sectors in the red. Telecoms was the only sector to close higher, up around 0.3%. The broad move lower came as investors braced themselves for the first batch of corporate earnings in the U.S. and updates on the country’s stimulus package. In the U.S. stocks fell as third-quarter earnings season got underway. Major companies releasing results on Tuesday included JPMorgan Chase ,  Citigroup  and  Delta Air Lines . Third-quarter earnings are e

European Markets Closing Report: European markets close higher as investors keep an eye on U.S. stimulus talks

  Elliot Smith, Holly Ellyatt 2-3 minutes Source: CNBC European stocks closed higher Thursday with global investors keeping an eye on ongoing stimulus discussions in the U.S. The pan-European Stoxx 600 closed up by 0.9% provisionally, with oil and gas shares jumping 1.8% to lead the upward momentum, while basic resources slid 0.2% lower. The positive trend in European markets comes as U.S. stocks climbed on optimism around a potential smaller coronavirus package. This comes after the Dow on Wednesday posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions. President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hopes that a smaller aid package could be passed by lawmakers. However, House Speaker Nancy Pelosi on Thursday rejected the idea of a standalone bill for aid carriers without a larger stimulus deal. Federal Reserve officials expressed con

European Markets Closing Report: European markets close slightly higher after Trump returns to the White House

  Elliot Smith, Holly Ellyatt 2-3 minutes European stocks closed marginally higher   Tuesday, with global markets reacting to President Donald Trump’s return to the White House on Monday to continue his coronavirus treatment. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5944.57 1.63 0.03 615185350 .GDAXI DAX DAX 12914.71 86.40 0.67 43011725 .FCHI CAC 40 Index CAC 4897.89 26.02 0.53 61585030 The pan-European Stoxx 600  provisionally ended up around 0.1%. Banks added more than 3.3% to lead gains while healthcare stocks slid nearly 1%. Global markets had rallied on Monday as investors tracked reports of President Trump’s improving health, with the U.S. market seeing its strongest session in several weeks.   Early on Tuesday, U.S. stock futures were mixed with futures tied to the Dow Jones Industrial Average gaining more than 70 points while those on the S&P 500 and Nasdaq retreated slightly. President Trump le

European Markets at Close: European markets close mixed as U.S. president debate weighs on sentiment

Elliot Smith,Holly Ellyatt 3 minutes - Source: CNBC European stocks closed slightly higher on Wednesday as investors reacted to the U.S. presidential debate, and gauged the investment landscape amid the coronavirus crisis. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5888.0 6 -9.44 -0.16 465892970 .GDAXI DAX DAX 12824.64 -1.18 -0.01 41375317 .FCHI CAC 40 Index CAC 4833.38 1.31 0.03 61883817 The pan-European Stoxx 600  provisionally marginally in positive territory, having fluctuated since the open, with banks adding over 1%, while industrials slipped 0.5%. The first U.S. presidential debate between incumbent President Donald Trump and Democratic nominee Joe Biden  could be weighing on investor sentiment worldwide, with the two constantly exchanging sharp remarks in a face-to-face challenge.  Hardly a minute went by in the 90-minute brawl without one of the candidates angrily interrupting the other, whether

European Markets: European markets pull back with Brexit, U.S. politics on the agenda

  Elliot Smith 3 minutes - Source: CNBC LONDON - European markets retreated Tuesday morning, pulling back from Monday’s rally with Brexit talks and the first U.S. presidential debate on investors’ radar. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5880.25 -47.68 -0.80 81996184 .GDAXI DAX DAX 12783.59 -87.28 -0.68 7462475 .FCHI CAC 40 Index CAC 4821.07 -22.20 -0.46 11052550 The pan-European Stoxx 600 fell 0.6% in early trade, with travel and leisure stocks shedding 1.8% to lead losses as all sectors and major bourses slid into negative territory. The cautious open follows mixed trading in Asia-Pacific overnight, where mainland Chinese and South Korean shares advanced while stocks in Hong Kong and Australia retreated slightly. Stateside, stock futures for Tuesday are slightly lower following a rally on Monday, as investors prepare for the first presidential debate between President Donald Trump and Democ

European Markets Closing Report: European shares close 2% higher as banks bounce; HSBC soars 9%

  Elliot Smith 3-4 minutes - Source: CNBC European stocks rallied Monday, recovering from their worst week since mid-June, with a global rise in coronavirus cases and political developments stateside on investors' radar. The pan-European Stoxx 600 jumped 2.3% by the close with banks surging 5% to lead gains, as all sectors and major bourses finished in positive territory. The European blue-chip index had closed 3.7% lower for the week on Friday after a choppy session, with global markets roiled by a resurgence in coronavirus cases on the continent and further afield. However, markets received a boost Monday from signs that the Chinese economic recovery is gathering steam, with fiscal stimulus, pent-up demand and positive export data boosting sentiment. The U.S. has seen a rise in daily cases ahead of Tuesday's first presidential debate between President Donald Trump and Democratic challenger Joe Biden, with a Supreme C

European Markets: European markets rally as banks bounce; HSBC up 10%

  Elliot Smith 3-4 minutes - Source: CNBC European stocks bounced Monday morning, looking to recover from their worst week since mid-June, with a global rise in coronavirus cases and political developments stateside on investors’ radar. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5924.83 82.16 1.41 155146216 .GDAXI DAX DAX 12769.08 299.88 2.40 13347150 .FCHI CAC 40 Index CAC 4809.50 79.84 1.69 12968086 The pan-European Stoxx 600 jumped 1.5% in early trade, with banks surging 4.1% to lead gains as all sectors and major bourses entered positive territory. The European blue-chip index had closed 3.7% lower for the week on Friday after a choppy session, with global markets roiled by a resurgence in coronavirus cases on the continent and further afield. However, markets are receiving a boost Monday from signs that the Chinese economic recovery is gathering steam, with fiscal stimulus, pent-up demand and positi

European Markets Closing Report: European markets close lower on concerns for the global economy; UK announces jobs plan

  Elliot Smith, Holly Ellyatt 2-3 minutes Source: CNBC LONDON — European stocks closed lower Thursday as investors’ hopes for an economic recovery following the coronavirus pandemic faltered amid a second wave of cases. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5822.78 - 76.48 -1.30 706870299 .GDAXI DAX DAX 12606.57 -36.40 -0.29 61272109 .FCHI CAC 40 Index CAC 4762.62 -39.64 -0.83 97836751 The pan-European Stoxx 600 closed down by 1% provisionally, with most sectors and all major bourses trading in negative territory. Retail shares led the selling action, declining 2.2%. Coronavirus developments continue to weigh on sentiment as cases surge in Europe. The number of daily reported coronavirus cases in the U.K. has jumped by a quarter in the past day,  according to the BBC.  The U.K. reported 6,178 cases, up by 1,252 since Tuesday, as the country grapples with a surge this month. Meanwhile, two German

European Markets at Close Report: European stocks close higher with key euro zone data in focus

  Elliot Smith, Holly Ellyatt 2-3 minutes - Source: CNBC European stocks closed higher Wednesday as investors reacted to key data releases from the euro zone. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5914.86 85.40 1.46 507097400 .GDAXI DAX DAX 12679.44 85.05 0.68 43472048 .FCHI CAC 40 Index CAC 4819.67 46.83 0.98 60333423 The pan-European Stoxx 600 closed 0.7% higher provisionally, with travel and leisure stocks bouncing 2.3% as most sectors and major bourses held in positive territory. Euro zone business activity growth slowed in September, with IHS Markit’s preliminary euro zone composite purchasing manager’s index (PMI) reading coming in below expectations at 50.1, down from 51.9 in August. A reading above 50 represents expansion. The services sector went into reverse in September, offsetting the strongest monthly manufacturing growth for two years, as governments across Europe reintroduced partial

European Markets at Close Report: European markets close higher, attempting to recover from coronavirus concerns

  Elliot Smith, Holly Ellyatt 2-3 minutes - Source: CNBC LONDON — European stocks closed higher Tuesday, attempting to bounce back from Monday’s losses on coronavirus concerns and bank allegations. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5850.17 45.88 0.79 566483323 .GDAXI DAX DAX 12639.15 96.71 0.77 49257359 .FCHI CAC 40 Index CAC 4792.33 0.29 0.01 62688609 The pan-European Stoxx 600 closed up by almost 0.5% provisionally, with oil and gas stocks jumping 1.7% to lead gains while the insurance sector dropped 1.2%. European shares are seeking a from Monday’s losses; the pan-European  Stoxx 600  closed down by over 3.2% provisionally, with banks plunging 5.7% and travel stocks tumbling 5.2% to lead losses as all sectors and major bourses slid into negative territory. Airline stocks in Asia-Pacific tumbled in Tuesday morning trade as coronavirus fears returned, with major stock markets also seeing declin

European Markets at Close Report: European stocks close down over 3% as bank allegations, coronavirus roil markets

  Elliot Smith, Holly Ellyatt 3 minutes - Source: CNBC European stocks closed sharply lower Monday as allegations surrounding bank dealings and rising coronavirus infections weighed on market sentiment around the world. The pan-European Stoxx 600 closed down by over 3.2% provisionally, with banks plunging 5.7% and travel stocks tumbling 5.2% to lead losses as all sectors and major bourses slid into negative territory. As well as the latest coronavirus developments, investors in Europe kept a close eye on bank shares Monday following allegations this weekend.  In Asia , Hong Kong-listed shares of  Standard Chartered  and  HSBC  tumbled on Monday following reports that they allegedly moved large sums of suspicious funds. By Monday afternoon, London-listed shares of Standard Chartered tumbled 5.2% and HSBC fell 4.9%. Earlier in the trading day, shares of HSBC had fallen to a more than 25-year low, according to FactSet. Several g

European Markets - February, 16, 2016, by CNBC: Stocks Under Pressure as Oil Pares; Miners, Banks Slip.

cnbc.com Arjun Kharpal, Alexandra Gibbs European markets came under pressure on Tuesday as a fall in banks and mining stocks, along with oil prices coming off session highs, offset positive sentiment surrounding the latest comments from the European Central Bank. The pan-European STOXX 600 reversed earlier gains, to trade down some 0.3 percent, with sectors trading mixed.

Corrected: European Markets by MarketWatch September 06, 2013:: Europe stocks fall on Putin’s Syria comments

Image
Corrected Headline of Previous Version Europe stocks fall on Putin’s Syria comments By Sara Sjolin , MarketWatch    LONDON (MarketWatch) — European stock markets erased gains in afternoon action on Friday, after Russian President Vladimir Putin reportedly said he would assist Syria if it suffers an external attack.  The Stoxx Europe 600 index XX:SXXP +0.51%  fell 0.2% to 304.06, trimming its weekly gain to 2.3%. Earlier in the day the benchmark traded as high as 306.68 after weaker-than-expected jobs data from the U.S. increased speculation the Federal Reserve may delay its anticipated tapering of asset purchases.  Shares of Tullow Oil PLC UK:TLW +3.58%  gained 2.3%