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Commodities Weigh on European Shares
Sep 11, 12:31 PM EDT |
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| The telecom sector posted strength Monday, with Vodafone which rising 1.1% due to plans to launch a fixed-line broadband service in the U.K. |
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| European markets finished mostly in the negative, pressured by weakness among resource stocks as crude oil and gold prices moved steeply down. Resource companies like BHP Billiton and Rio Tinto slipped over 4%. London FTSE 100 closed down 0.5%, the French CAC 40 fell 0.3%, while the German DAX reversed earlier losses to add 0.1%. |
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Miners Undermine Europe
Sep 11, 6:34 AM EDT |
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| European markets declined Monday due to weakness in miners stocks as copper prices fell and as crude dropped below $66 a barrel. |
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| European stocks came under pressure on Monday as lower commodity stocks pressured indexes, although some potential merger and acquisition news provided some support. The U.K. FTSE 100 index slipped 0.4%, the German DAX Xetra 30 index dipped 0.3% and the French CAC-40 index edged down 0.5%. |
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Weaker Oil and Peugeot Boost Europe
Sep 08, 12:20 PM EDT |
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| Automaker Peugeot rose 1.9% in Paris on news that its CEO, Jean-Martin Folz, will retire in January, raising hopes of a new strategy. |
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| European markets closed in the positive, helped by another decline by the oil price, corporate news from Peugeot, and early gains on Wall Street. Among gainers, BP ended up 1.2%, chemicals company BASF finished up 0.7% and airline Air France-KLM rose 1%. The German DAX 30 rose 0.4%, the French CAC 40 added 0.3%, and London FTSE 100 gained 0.4%. |
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Banks Rally In Europe
Sep 08, 6:29 AM EDT |
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| European stocks traded higher on Friday, with financial stocks leading the advance as buyers returned to the market. |
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| Buyers returned on European markets after losses of more than 2% over the last three sessions. Cost-cutting hopes gave a boost to leading telecommunications providers including Deutsche Telekom. All major markets were on a bit firmer footing on Friday, with virtually every sector trading in positive territory. The U.K. FTSE 100 index gained 0.4%, the German DAX 30 index rose 0.2% and the French CAC 40 index added 0.3%. |
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Commodities Stocks Lead European Losers
Sep 07, 12:35 PM EDT |
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| Ahold rose 4.1% after the supermarket operator exceeded expectations with a 70% profit in Q2. InBev rose 3.2% on 12% profit jump in Q2. |
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| European markets ended Thursday trading session lower, dragged by a profit warning from Tomkins and U.S. market losses amid worries about the economic slowdown. Commodity stocks were among the most notable decliners due to retreating oil prices. The German DAX 30 closed down 0.7%, the French CAC 40 was lower by 1.1%, and London FTSE 100 tumbled 1.2%. |
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Europe Down On Inflation Worries
Sep 07, 7:22 AM EDT |
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| European markets fell Thursday on doubts raised by Tomkins about the health of the U.S. economy. |
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| European markets fell on Thursday as interest rate concerns were back in line, due to comments from US Fed and ECB officials, while the Bank of England is seen keeping UK rates on hold. By midday, London FTSE 100 slipped 1%, while Frankfurt Xetra Dax shed 0.5% and the CAC 40 in Paris lost 0.8%. |
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Europe Declines on Autos Downgrade
Sep 06, 12:19 PM EDT |
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| Lehman Bros downgraded Peugeot and DaimlerChrysler to equal-weight and cut the European car sector to neutral. Peugeot lost 2%. |
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| European markets closed sharply lower Wednesday, reflecting profit taking and weakness in the auto and oil sectors. Losses on Wall Street amid inflation concerns also added to the pressure. The German DAX 30 led losers, falling 1.2%, followed by the French CAC 40, down 1.1%, and London FTSE 100, down 0.9%. |
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European Stocks Lower As Autos Sink
Sep 06, 6:33 AM EDT |
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| Europe was edged lower Wednesday, as automakers were weaker, though some upbeat earnings results capped losses. |
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| The auto segment slipped after a leading broker turned neutral on the sector, and due to the dull U.S. trading overnight. Losses were cushioned, however, by a number of positive earnings reports and oil prices falling back below $69 a barrel. The U.K. FTSE 100 index shed 0.2%, the German DAX Xetra 30 index lost 0.2%, the French CAC-40 index declined 0.1%. |
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Europe Tracks U.S. Losses
Sep 05, 12:43 PM EDT |
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| U.K. discount clothing retailer Matalan jumped 7% on improved sales. IT services group Cap Gemini fell 2.3% on downgrade. |
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| European markets closed in the negative influenced by a choppy trading on Wall Street after an extended holiday weekend. The oil-services sector was in focus after France''s Compagnie Generale de Geophysique agreed to buy U.S. Veritas for $3.1 billion. The French CAC 40 was the biggest decliner, falling 0.6%, followed by the German CAX 30, down 0.4%, and London FTSE 100, down 0.1%. |
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Europe Down, Oil Services In Focus
Sep 05, 6:31 AM EDT |
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| European stock markets retreated on Tuesday as investors awaited U.S. trading to resume. |
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| Europe is waiting for U.S. direction, though the oil-services sector drew attention after Compagnie Generale de Geophysique of France agreed to buy one company and after Wood Group said it will beat profit forecasts for the year. The U.K. FTSE 100 index edged down 0.2%, the German DAX Xetra 30 index declined 0.2% and the French CAC-40 index decreased 0.3%. |
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