|Day's Range||6,961.28 - 7,038.23|
|52 Week Range||6,866.90 - 7,903.50|
European stocks eke out slight gains on Monday, as investors weigh geopolitical tensions and look ahead to U.S. earnings season, in the hopes that strong corporate results might provide the next positive leg for eurozone stocks.
By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - Britain's top share index managed a modest gain on Monday as a deadlock in Brexit talks depressed domestic stocks but helped multinational exporter ...
Telecoms outperformed, with Deutsche Telekom AG up 2.3 percent and BT Group Plc up 2.1 percent. Last week’s sell-off across the globe sank European equities as investors rotated out of equities amid rising bond yields following the U.S. Federal Reserve’s latest rate hike and amid the brewing U.S.-China trade conflict. The market pull-back has prompted some investors to shift toward value sectors, such as telecoms.
The pan-European Stoxx 600 was down around 0.1 percent during mid-afternoon deals, with the balance of sectors and major bourses in negative territory. European stocks lacked direction Monday afternoon, as concerns over Brexit progress, a potential slowdown in the Chinese economy and higher U.S. borrowing costs limited investor appetite. The pan-European Stoxx 600 was down around 0.1 percent shortly after 2 p.m. London, with more sectors and major bourses in negative territory than positive.
European equities on Friday finish the day lower as a rally falters, helping to cement the sharpest weekly drop from the most of the main eurozone benchmarks since February.
UK shares failed to rebound on Friday and posted their worst weekly loss since a market correction in February as a new sell-off hit stock markets across the globe, amid worries about protectionism and fast-rising U.S. interest rates. The FTSE 100 (.FTSE) closed down 0.16 percent, just below 7,000 points, posting a weekly loss of 4.4 percent. Tobacco stocks Imperial Brands (IMB.L) and British American Tobacco (BATS.L) were the biggest drag on the index, down 3.9 percent and 6 percent respectively after reports of possible further restriction on vaping products in the United States.
European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates. Euro zone stocks initially jumped one percent but rapidly shed all of their gains despite Wall Street opening higher. There's "a rotten trend" in Europe, a trader complained, noting that U.S. shares have outperformed their European peers since the beginning of the year with the Trump administration's fiscal cuts boosting earnings.
After Asian shares rose overnight, European stocks opened higher, with the pan-European STOXX 600 up 0.7 percent. Germany's DAX was up half a percent while Britain's FTSE 100 gained 0.7 percent. The MSCI All-Country World index, which tracks shares in 47 countries, was up half a percent on the day.
Global shares were having their best day in nearly a month on Friday as European and Asian markets recovered from a brutal selloff that still left them set for their worst week since February. The MSCI All-Country World index, which tracks shares in 47 countries, was up half a percent on the day. "Some traders are cautiously buying back into the market today, but the underlying issues which brought about the sell-off are still relevant," said David Madden, markets analyst at CMC Markets in London.
Global markets have been shaken by two consecutive sessions of losses in the U.S. In Europe, Italy and the U.K. remain in the spotlight in terms of political news. Royal Dutch Shell is reportedly in talks to sell its stake in a Venezuelan JV with Maurel & Prom.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
European stocks got hammered on Wednesday, bringing vulnerable Italian markets to finish in a bear market as a Wall Street selloff continued to rattle investors around the globe.
By Julien Ponthus LONDON (Reuters) - UK shares closed at their lowest since April as a global sell-off on equity markets caused by fears of fast-rising rates showed no sign of ending on Thursday despite ...
European and Asian stocks fell sharply Thursday, taking a cue from the previous day’s Wall Street rout. U.S. stocks saw a second day of selling, but losses were moderate. The broad market selloff that extended into Asia came after investors got spooked by rising bond yields and the prospect of U.S. interest rates heading higher.
Wall Street futures point to a heavy opening bell decline Thursday, with the Dow set for a 150 point slump following the biggest single-day decline for U.S. Stocks in at least eight months. Softer-than-expected September CPI reading helped U.S. stocks pare pre-market declines, with annual inflation now measured at a 2.3% clip. European and Asia markets sold off sharply overnight, with tech stocks leading the decline, as China's Shanghai Composite fell more than 5.2% and the Stoxx 600 benchmark slipped past a 20-month low.
Premarket U.S. futures are falling across the board Thursday, with the major indices poised for significant declines across the board. Dow futures are falling 0.95%, indicating an open 243 points lower, Nasdaq futures declining 1.
The FTSE is down less than 6 percent in the same period. Prior to this month, LSE Group had been one of the FTSE’s best performers in 2018. LSE’s LCH unit is the biggest clearing house in the world for interest rate swaps, a type of derivative that helps companies hedge interest rate risk.
Equity markets have tumbled on the back of heightened fears over an expected slowdown in global economic growth and rising interest rates. President Donald Trump called the U.S. Federal Reserve “crazy” for its insistence on continually hiking rates. The European Union's Michel Barnier said a Brexit agreement was achievable as soon as next week.
Asian markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded similar declines. Investors are wary of possible further U.S. interest rate hikes.
Britain's top share index hovered near a six-month low on Wednesday as rising hopes for a Brexit deal lifted the pound, hurting the shares of big multinational companies. The FTSE 100 retreated by 1.3 percent while the pan-European STOXX 600 fell 1.6 percent as tech stocks suffered their worst day since the 2016 Brexit vote and investors became anxious about rising yields impacting equities. The top UK index fell as sterling hit a new 3-1/2 month high on reports that Britain and the European Union had made progress in negotiations over an Irish border backstop, a key hurdle in reaching a deal on Britain's planned departure from the EU in March next year.
European shares had their worst day on Wednesday since June as concerns around rising debt yields gripped equity markets worldwide, while tech stocks sank on signs of slowing demand in the semiconductor industry. U.S. stocks have also fallen sharply as U.S. Treasury yields climbed to a near seven-year high. The tech sector sank 4.3 percent, its worst day since the Brexit referendum selloff, as investors dumped the highly-valued sector on signs of weakening demand for chips.