Connect to share and comment

European shares edge back up to near two-year highs

January 21, 2013 08:30
* FTSEurofirst 300 up 0.1 pct, Euro STOXX 50 up 0.3 pct * Prospects of U.S. debt deal buoy equities * Utility stocks, seen as defensive play, outperform * Richemont slumps after Asia sales growth slows By Sudip Kar-Gupta LONDON, Jan 21 (Reuters) - European shares edged up on Monday, moving back towards their recent near-two-year high, helped by moves to break a budget impasse in the United States and by gains in the utilities sector.

European shares edge up to test two-year peak levels

January 21, 2013 04:30
LONDON, Jan 21 (Reuters) - European shares edged higher on Monday, with a key index moving back towards its best level in nearly two years as sentiment towards equities was buoyed by moves to break a budget impasse in the United States. The pan-European FTSEurofirst 300 index rose 0.3 percent to 1,166.92 points, having reached a near two-year high of 1,170.29 points earlier this month. The euro zone's blue-chip Euro STOXX 50 also advanced by 0.5 percent to 2,721.87 points.

Retailers help European shares edge up on sales boost

January 17, 2013 14:15
* FTSEurofirst 300 up 0.5 pct, Euro STOXX 50 gains 0.6 pct * Carrefour, AB Foods surge after sales figures * Fall in correlation marks return of stock-picking - C. Suisse * Natixis, BofA-ML expect rally to continue By Francesco Canepa LONDON, Jan 17 (Reuters) - European sales rose on Thursday as upbeat U.S. economic data and encouraging sales figures from retailers Carrefour and Associated British Foods offset losses in the mining sector.

Gains at Carrefour help lift European stock markets

January 17, 2013 09:00
* FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 gains 0.4 pct * Carrefour surges 8.1 pct after Q4 sales figures * Defensive stocks outperform * Rio Tinto slumps after $14 bln writedown By Sudip Kar-Gupta LONDON, Jan 17 (Reuters) - European shares edged higher on Thursday as gains at French supermarket retailer Carrefour offset losses at miner Rio Tinto after Rio announced a $14 billion hit.

Rio hit and earnings concerns weigh on Europe shares

January 17, 2013 05:30
* FTSEurofirst 300 roughly flat at 1,160.22 points * Euro STOXX 50 edges down by around 0.1 pct * Rio Tinto falls over 3 pct after $14 bln charge * Worries over corporate results seen pegging back equities By Sudip Kar-Gupta LONDON, Jan 17 (Reuters) - European shares were flat to a touch weaker on Thursday after mining company Rio Tinto's took a $14 billion hit on a pair of deals and chip maker ASML underlined concern over corporate earnings this quarter.

Europe shares end mostly flat; rally seen intact

January 16, 2013 15:27
* FTSEurofirst 300 down 0.02 pct, Euro STOXX 50 up 0.04 pct * Miners retreat along with metal prices on China worries * Euro zone equities still relatively cheap -SG's Kaloyan * Aerospace stocks hurt by Dreamliner's woes * Sell any rally in volatility indexes -Deutsche Bank By Blaise Robinson

Tech sector tumble hits European shares

January 15, 2013 13:00
LONDON, Jan 15 (Reuters) - Technology stocks fell to push European shares lower and send Germany's benchmark DAX index to a 2013 low on Tuesday after weak results from software company SAP. The pan-European FTSEurofirst 300 index provisionally closed down 0.1 percent at 1,159.14 points, while the euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent to 2,700.52 points.

European shares extend losses as tech stocks weaken

January 15, 2013 10:45
LONDON, Jan 15 (Reuters) - European shares extended losses on Tuesday, with a key index falling to a fresh intraday low after German software company SAP reported revenues below forecasts. The pan-European FTSEurofirst 300 index was down by 0.4 percent at an intraday low of 1,154.65 points by 1403 GMT. The STOXX Europe 600 technology sector was the worst-performing equity sector, falling 2.3 percent as SAP fell 4.5 percent to take the most points off the FTSEurofirst 300 index.

European shares touch 2-wk low, further weakness eyed

January 15, 2013 04:45
LONDON, Jan 15 (Reuters) - European shares dropped for a fourth straight session and hit a two-week low on Tuesday, led by the banking sector and pressured by technical weakness in a leading index that is set to continue in the near-term. At 0805 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,157.75 points, just off the 2-week low of 1,157.13 hit earlier. The euro zone's blue-chip Euro STOXX 50 index, meanwhile, fell 0.5 percent to 2,700.53 points.

European shares hit 1-wk closing low in late sell-off

January 14, 2013 13:00
LONDON, Jan 14 (Reuters) - European equities ended at their lowest in nearly a week on Monday, with an early sell-off in U.S. shares on concerns over demand for Apple's iPhone 5 prompting some investors to take profits on recent strong stock gains in Europe. "European equities lost their early lustre, impacted by the Wall Street and offsetting some low level M&A activity in Europe," Jeremy Batstone-Carr, head of private client research at Charles Stanley, said.
Syndicate content