Silver Scorpio - International News | Spot News | Top News | Flash News | Live News
July 27 (Reuters) – European shares were set for a flat open on Tuesday, having hit a five-week closing high in the previous session, and with investors digesting a raft of corporate earnings, including BP (BP.L) and UBS (UBSN.VX).
At 0607 GMT, futures for the STOXX Europe 50 STXEc1 were down 0.1 percent. Futures for Germany’s DAX FDXc1 were flat and those for France’s CAC FCEc1 were down 0.1 percent.
(Reporting by Brian Gorman)
July 13 (Reuters) – European shares edged up in early trade on Tuesday, extending a rally into a sixth session, after Alcoa (AA.N) got the second-quarter U.S. earnings season off to a strong start.
By 0713 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.4 percent at 1,029.52 points, after rising 0.4 percent in the previous session, its fifth straight day of gains.
Alcoa, the largest U.S. aluminium producer, lifted its outlook for global consumption of the metal and posted surprisingly strong quarterly results, fuelling optimism that others will follow suit in this reporting season.
“Alcoa was better than expected but markets are waiting for the real flow of information as earnings season hasn’t really got going yet,” said Bernard McAlinden, investment strategist at NCB Stockbrokers in Dublin.
BP (BP.L) rose 2.7 percent, extending a recent gain that saw the shares close at their highest in more than a month on Monday.
The company hopes to finally arrest the flow of oil spewing from the floor of the Gulf of Mexico, after the worst offshore oil spill in U.S. history. (Reporting by Brian Gorman)
July 9 (Reuters) – European shares rose in early trade on Friday, tracking gains on Wall Street, which was boosted by jobless claims falling and a handful of large retailers reporting solid sales.
At 0706 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.6 percent at 1,021.19 points, after rising 5.1 percent in the previous three sessions.
“We’ve had better information this week, such as German exports, offsetting some of the worries about China slowing down. China will slow down, but it’s not going to stop,” said Justin Urquhart Stewart, director at Seven Investment Management. In a broad rally, the heavyweight banking sector was among the gainers, with the STOXX Europe 600 banking index .SX7P up 0.7 percent. The index is up more than 9 percent this week, on optimism that banks will pass stress tests, and after State Street (STT.N) said its earnings would beat forecasts.
Gainers included BNP Paribas (BNPP.PA), BBVA (BBVA.MC) and Credit Agricole (CAGR.PA), up between 1 and 1.4 percent. (Reporting by Brian Gorman)
June 24 (Reuters) – European shares turned negative on Thursday morning, with miners giving up gains from early in the session, having risen on hopes Australia’s new Prime Minister would compromise on proposed taxes on resource firms.
Stocks | European Markets | Global Markets
At 0730 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.4 percent at 1,035.76 points.
BHP Billiton (BLT.L), Kazakhmys (KAZ.L), Rio Tinto (RIO.L) and Xstrata (XTA.L) were between 1 and 2.7 percent lower. (Reporting by Brian Gorman)
June 24 (Reuters) – European shares rose in early trade on Thursday, with miners leading on hopes that proposals for a super tax in Australia will be diluted after a change of prime minister.
Stocks | Global Markets
At 0706 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.3 percent at 1,043.16 points, after falling 1 percent in the previous session.
Miners gained on hopes that Australia’s new leader, Julia Gillard, will compromise on proposals for increased taxes on resource companies.
Antofagasta (ANTO.L), BHP Billiton (BLT.L), Kazakhmys (KAZ.L) and Xstrata (XTA.L) rose between 0.8 and 1.2 percent.
“It seems to be more confirmation that any plans for a 40 percent resources tax have been watered down significantly,” said Bernard McAlinden, investment strategist at NCB Stockbrokers in Dublin.
“The market is still in a range, and maybe it can trade towards the top of it. ”
The U.S. Federal Reserve renewed its vow to hold benchmark interest rates exceptionally low on Wednesday, but downgraded its assessment of the economic recovery. (Reporting by Brian Gorman)
* FTSEurofirst 300 rises 0.9 percent
Stocks
* HSBC falls after results
* Prudential suspended amid deal; other insurers mixed
By Brian Gorman
LONDON, March 1 (Reuters) – European shares were higher in early trade on Monday, the first day of the month, with miners rising after copper supplies were disrupted by an earthquake in Chile, and amid mergers in the drugs and insurance sectors.
At 0914 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.9 percent at 1,016.56 points.
The European benchmark fell 0.4 percent in February, and is down more than 5 percent from a 15-month peak it hit in January, partly on worries over Greece’s debt. But it is up more than 57 percent from its lifetime low of March 9, 2009.
Miners gained after copper prices MCU3=LX rose following disruption to supplies following an earthquake in Chile. Gold and silver were also higher.
Antofagasta (ANTO.L), BHP Billiton (BLT.L), Fresnillo (FRES.L), Kazakhmys (KAZ.L) and Rio Tinto (RIO.L) rose between 1.9 and 4 percent.
Oils also rose, as the price of crude CLc1 topped $80 a barrel, amid worries that Iran might cut off energy supplies in Europe. [ID:nSGE62004B]
Total (TOTF.PA), ENI (ENI.MI), BP (BP.L), BG (BG.L), Royal Dutch Shell (RDSa.L), Repsol (REP.MC) and StatoilHydro (STL.OL) rose between 1.1 and 1.8 percent.
Banking giant HSBC (HSBA.L) fell 3 percent, after it missed expectations with a $7.1 billion annual pretax profit, as accounting losses masked record investment bank earnings, and a late year slowdown in bad debts at its troubled U.S. business. [ID:nLDE6200IU]
However, the sector was generally higher.
BNP Paribas (BNPP.PA), Banco Santander (SAN.MC), Credit Suisse (CSGN.VX), Deutsche Bank (DBKGn.DE) and Societe Generale (SOGN.PA) rose between 1.6 and 2.3 percent.
Prudential (PRU.L) shares were suspended after it said it is in talks to buy American International Group’s (AIG.N) Asian life insurance unit. Reports put the price tag at about $35.5 billion, and it would see Prudential launch a $20 billion rights issue. [ID:nLDE6200CL]
Other insurers were mixed, with UK companies Aviva (AV.L) and Legal & General (LGEN.L) down 2 and 1.4 percent respectively.
Allianz (ALVG.DE) and AXA (AXAF.PA) were up 0.6 and 0.9 percent respectively.
“Trading today will be dominated by the HSBC and Pru news,” said Justin Urquhart Stewart, director at Seven Investment Management
“There’s nothing to pull the market much higher. The shadow of Greece is still there.”
Across Europe, Britain’s FTSE 100 .FTSE, France’s CAC 40 .FCHI and Germany’s DAX .GDAXI were up between 0.9 and 1.5 percent.
MERCK FALLS
Among other individual companies, Germany’s Merck KGaA (MRCG.DE) fell 1 percent after it agreed to buy U.S. biotech tool maker Millipore Corp (MIL.N) for around $6 billion in cash [ID:nLDE61R0MJ] But most of the drugs sector rose. Novartis (NOVN.VX), Shire (SHP.L), AstraZeneca (AZN.L) and Sanofi-Aventis (SASY.PA) rose between 0.8 and 1.2 percent.
However, Actelion (ATLN.VX) plunged 13.5 percent after its most important drug, Tracleer, suffered a severe setback, failing to help reduce mortality in patients suffering from idiopathic pulmonary fibrosis.[ID:nLDE62004L]
Europe’s largest entertainment group Vivendi (VIV.PA) rose 3.5 percent after it posted better-than-expected sales and operating profit for 2009, boosted by a buoyant performance at its games and telecoms divisions. [ID:nLDE61P1N3]
In macroeconomics, a rise in new orders helped German manufacturing activity expand in February at its fastest rate since June 2007, a survey showed. [ID:nLAG006138]
Greece may soon announce new steps to cut its budget deficit, a government minister said on Sunday, amid signs that Athens might be nearing a deal with European Union governments to ease the Greek debt crisis. [ID:nLDE61R0BX]
Investors’ attention will turn later to the United States, where data is due on manufacturing and personal consumption and income. (Editing by Rupert Winchester)
Copyright © 2013 · eleven40 theme on Genesis Framework · WordPress · Log in