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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 25 (Reuters) – Raiffeisen International (RIBH.VI) is eyeing Poland as a place for potential acquisitions, Chief Executive Herbert Stepic told Germany weekly magazine Wirtschaftswoche.
Raiffeisen only expands into markets where it can gain significant market share and strengthen its positioning, Stepic told the magazine.
“Poland is without a doubt a market where this is the case,” Stepic was quoted as saying in an advance copy of the magazine’s Monday edition. (Reporting by Edward Taylor; editing by Karen Foster)
(Reuters Life!) – Germany and the Nordic countries have topped a list of 21 high-income nations when it comes to generosity of paid parental leave, with Australia and the United States tying in last place.
Researchers associated with the U.S.-based Center for Economic and Policy Research examined the parental leave policies of 21 countries with their study published in the peer-reviewed social science Journal of European Social Policy.
They found Sweden ranked highest for gender equality in parental leave practices, while Germany and Sweden were the most generous with paid parental leave, both offering 47 weeks.
They were followed by Norway offering 44 paid weeks, Greece with 34 weeks, Finland with 32 weeks and Canada with 29 weeks.
Neither the United States nor Australia guarantee any paid parental leave and were tied for the lowest ranking in terms of overall generosity of paid leave.
“The United States (and Australia have) the least generous parental leave policies of all 21 economies compared in this study,” said researcher Janet Gornick.
“We pay a high price for our meager policy, because parental leave improves the health and well-being of children and their parents and paid leaves provide families with crucial economic support at such an important time.”
The study looked at parental leave policies according to three criteria: total time guaranteed for parental leave and whether paid or unpaid, total paid leave, and gender equality of the parental leave such as leave and pay available to fathers.
Gornick said while all 21 countries protected at least one parent’s job for a period, there were great differences across these countries on each of the three criteria.
France and Spain came highest in terms of total guaranteed leave, each giving over 300 weeks, while Switzerland and the United States ranked at the bottom, with 24 and 14 weeks respectively.
Australia and Switzerland ranked near the bottom in terms of both generosity and gender equality of parental leave.
While bottom of the paid leave table, the United States scored better on the gender equality index, coming 10th in the list.
Japan ranked near the bottom of the gender equality index at 19 but came 7th in terms of overall generosity for giving 26 weeks of paid parental leave.
(Reporting by Belinda Goldsmith, Editing by Michael Perry)
July 13 (Reuters) – European shares were set to rise for the sixth straight day on Tuesday, with sentiment supported by stronger-than-expected quarterly profit from U.S. firm Alcoa (AA.N), which reported earnings after U.S. markets closed.
Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open between 25 and 35 points higher, or up 0.7 percent; Germany’s DAX .GDAXI was seen opening up 11 to 21 points, or up 0.4 percent and France’s CAC 40 .FCHI was expected to open 17 to 18 points higher, or 0.5 percent higher.
The FTSEurofirst 300 .FTEU3 index of leading European shares rose 0.4 percent to close at 1,025.76 points on Monday. (Reporting by Harpreet Bhal)
July 12 (Reuters) – Financial bookmakers expect to see the leading European benchmark indexes rising on Monday, adding to last week’s strong rally, as robust exports data from China helped boost sentiment about the global economy.
Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 30 to 33 points higher, or as much as 0.6 percent, Germany’s DAX .GDAXI to open 28 to 31 points higher, or as much as 0.5 percent, and France’s CAC-40 .FCHI to open 16 to 19 points higher, or as much as 0.5 percent.
(Reporting by Blaise Robinson)
(Reuters) – It’s too early to say the economic crisis in Germany has passed because considerable risks to the recovery remain, the head of the Federal Labour Office, Frank-Juergen Weise, was quoted as saying on Saturday. Weise told German newspaper Rheinpfalz am Sonntag that while developments on the labor market were better than expected, he was worried “the economic crisis is being declared over,” he said in excerpts from an article due to appear on Sunday.
“There are still major uncertainties,” Weise said.
Adjusted for seasonal swings, unemployment fell for a 12th straight month in June to its lowest level since December 2008. However, concerns about the outlook for 2011 cast some doubt over whether the jobless total could fall much further.
The German economy suffered easily its biggest postwar recession in 2009, shrinking by some five percent. Since then, an export-led recovery has enabled the country to make up a substantial portion of the ground lost in the slump.
Many analysts believe Europe’s largest economy probably grew by at least one percent in the second quarter, accelerating from 0.2 percent in the January-March period. However, leading indicators suggest the recovery may slow in the months ahead.
(Reporting by Dave Graham; Editing by Ruth Pitchford)
(Reuters) – Germany has reduced the size of its rescue fund for struggling companies to 60 billion euros from 115 billion euros because the economic crisis has proven less damaging than anticipated, a magazine reported on Saturday.
Weekly Der Spiegel said the 60 billion euros ($76 billion) in loans and guarantees available until the end of the year would suffice to cover any remaining applications for aid. The Economy Ministry was not immediately available for comment.
The reduction had come about because the crisis had not turned out to be “anything like” as severe as initially feared, the magazine said, citing unnamed government sources.
Created last year, when Germany suffered its worst post-war recession, the fund is due to be wound up at the close of 2010.
(Reporting by Dave Graham; Editing by Ruth Pitchford)
July 6 (Reuters) – European stock index futures pointed to gains on Tuesday, tracking a rise in Asian markets, with Japan’s Nikkei .N225 rebounding off seven month lows to close higher.
By 0608 GMT, futures for the STOXX Europe 50 STXEc1 was up 0.5 percent, Germany’s DAX futures FDXc1 added 0.5 percent and France’s CAC FCEc1 futures gained 0.4 percent.
European shares fell to their lowest close in nearly six weeks on Monday, on thin volumes as Wall Street was closed for the Independence Day holiday.
(Reporting by Harpreet Bhal)
July 1 (Reuters) – European stock index futures pointed to sharp falls for equities on Thursday, as sentiment was soured after manufacturing data from China showed the country’s rapid economic growth was slowing.
By 0601 GMT, futures for the STOXX Europe 50 STXEc1 fell 1.8 percent, Germany’s DAX futures FDXc1 were down 1.3 percent and France’s CAC-40 futures FCEc1 were 1.9 percent lower. (Reporting by Harpreet Bhal)
July 1 (Reuters) – European shares were set to open sharply lower on Thursday, mirroring falls in Asian equities after manufacturing data from China showed recent rapid economic growth was slowing.
Britain’s FTSE 100 .FTSE was expected to open down as much as 91 points, or 1.9 percent; Germany’s DAX .GDAXI was seen 87 points lower, or down 1.5 percent, and France’s CAC 40 .FCHI was expected to fall 69 points, or 2 percent lower, according to financial bookmakers.
European shares .FTEU3 fell 0.2 percent on Wednesday, closing a torrid quarter with a loss of 7.9 percent as poor U.S. jobs data from the private sector fuelled fears about the pace of the U.S. economic recovery. (Reporting by Harpreet Bhal)
June 29 (Reuters) – European stock index futures pointed to a sharply lower open on Tuesday, hit by worries over funding in the euro zone ahead of bank repayments to the European Central Bank due later in the week.
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By 0602 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 1.7 to 1.9 percent.
(Reporting by Blaise Robinson)
June 29 (Reuters) – Financial bookmakers expect leading European benchmark indexes to fall on Tuesday, retreating for the fifth time in six sessions and tracking losses on Wall Street and in Asia.
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Financial spreadbetters expect Britain’s FTSE 100 .FTSE to open 36 to 48 points lower, or as much as 1 percent, Germany’s DAX .GDAXI to open 33 to 48 points lower, or as much as 0.8 percent, and France’s CAC-40 .FCHI to open 34 to 44 points lower, or as much as 1.2 percent. (Reporting by Blaise Robinson; Editing by James Regan)
June 25 (Reuters) – European countries are moving towards a joint ban of naked short-selling, Germany’s Finance Minister was quoted on Friday as saying.
Germany surprised its European Union partners last month by announcing a unilateral ban on the speculative trades in top financial stocks, euro zone government bonds and related credit default swaps (CDS).
“I am confident of a ban on naked short-selling (on the EU level),” Wolfgang Schaeuble told German daily Boersen-Zeitung.
“And in financial sector taxation, we are also making progress.” (Reporting by Sakari Suoninen and Jonathan Gould; editing by Patrick Graham)
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June 22 (Reuters) – European stock index futures pointed to a lower open on Tuesday as a dip on Wall Street and in Asia prompt investors to cash in some profits after a brisk nine-session winning streak.
Stocks | European Markets | Global Markets | Financials
By 0602 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 0.3-0.9 percent.
June 22 (Reuters) – Financial bookmakers expect to see the leading European benchmark indexes falling on Tuesday as losses on Wall Street and in Asia prompt investors to cash in some profits after a nine-session winning streak.
Stocks | European Markets | Global Markets | Financials
Financial spreadbetters expect Britain’s FTSE 100 .FTSE to open 42 to 48 points lower, or as much as 0.9 percent, Germany’s DAX .GDAXI to open 31 to 38 points lower, or as much as 0.6 percent, and France’s CAC-40 .FCHI to open 34 to 39 points lower, or as much as 1 percent. (Reporting by Blaise Robinson; Editing by James Regan)
June 20 (Reuters) – Germany may come closer to reaching 2 percent economic growth this year than previously expected, Finance Minister Wolfgang Schaeuble said on Sunday.
In late January, the government forecast gross domestic product in Europe’s largest economy would expand by 1.4 percent in 2010, though some economists have said a figure as high as 3 percent is possible.
“Perhaps we will come closer to the 2 percent figure than we even dared hope just a couple of weeks ago,” Schaeuble said during a speech at an award ceremony in the northern German city of Kiel.
Earlier this month, policymakers including Schaeuble had said the German economy should grow faster than expected, with the recovery gathering pace markedly during the current quarter. [ID:nLDE65A0LK] (Reporting by Jan Schwartz, Writing by Sarah Marsh; Editing by Jon Loades-Carter)
June 17 (Reuters) – A European Union draft document foresees the inclusion of private debt among parameters for the stability pact, Italian Foreign Minister Franco Frattini told reporters on Thursday. “The reference to private debt was inserted into this morning’s document,” Frattini said. “The biggest resistance was expressed by Germany which has a very large private debt, but no other country so far has voiced such strong concern,” Frattini added.
(Reporting by Francesca Piscioneri, writing by Jo Winterbottom)
June 17 (Reuters) – The German government wants to release the results of stress tests conducted on its banks, and is coordinating the action at a European level, a newspaper reported on Thursday.
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Citing unidentified government sources, Financial Times Deutschland said Berlin had sent signals to Europe and the Group of Seven nations that it “basically supports” transparency with regard to the tests. (Reporting by Brian Rohan)
June 17 (Reuters) – European stock index futures pointed to a lower open on Thursday, halting a six-session rally as investors remained cautious ahead of a Spanish bond auction.
Stocks | European Markets | Global Markets
By 0604 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 0.1 to 0.2 percent. (Reporting by Harpreet Bhal)
June 16 (Reuters) – European stock index futures pointed to a higher open on Wednesday, as stocks were poised to rise for a sixth straight session, mirroring a strong rally on Wall Street.
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By 0603 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were up 0.5-0.9 percent.
On Wall Street on Tuesday, the S&P 500 .SPX added 2.4 percent, turning positive for the year and rising above its 200-day moving average for the first time in a month, a milestone that could be seen as a signal the recent downtrend may be nearing an end. (Reporting by Blaise Robinson)
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