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European equities were mixed on Thursday as oil prices and a slightly hawkish tone from the U.S. Federal Reserve managed to dent investor sentiment. The pan-European Euro Stoxx 600 Index (^STOXX) was lower, with the oil and gas sector showing losses of over 3 percent. A fourth-quarter earnings report by Shell (London Stock Exchange: RDSA-GB) Read More
European markets ended mixed on Wednesday after seesawing for much of the session, with gains in the technology sector helping to offset a staggering slump in Greek banking stocks. The U.K.’s FTSE 100 (FTSE International: .FTSE) benchmark closed provisionally flat, with France’s CAC 40 (Euronext Paris: .FCHI) down 0.6 percent and Germany’s DAX (^GDAXI) unofficially Read More
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By Hideyuki Sano and Wayne Cole TOKYO/SYDNEY (Reuters) – Asian stocks showed some resilience on Wednesday as investors speculated whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amid signs a stronger dollar was hurting U.S. corporate profits. Apple Inc also provided some relief after the bell Read More
European markets closed down Tuesday, after a number of Wall Street’s biggest firms missed earnings expectations as a result of the consistently strong dollar. The pan-European Euro Stoxx 600 Index (^STOXX) ended around 0.8 percent with losses accelerating around U.S. market open after a raft of disappointing earnings pushing the Dow Jones almost 400 points Read More
European markets closed higher Monday, despite opening the session lower, as investors digested news that anti-austerity party Syriza won a general election in Greece on Sunday. The pan-European Euro Stoxx 600 index (^STOXX) ended around 0.5 percent higher after fluctuating earlier in the session. Greek stocks on the Athens Composite traded down 5 percent earlier Read More
By Michael Connor NEW YORK (Reuters) – The European Central Bank’s plan to pump out about 1 trillion euros to revive the euro zone economy kept stocks in the region on track for their best week since 2011 but knocked the shared currency to fresh 11-year lows. Wall Street, which rallied 1.5 percent on Thursday’s Read More
European markets rallied to close higher on Thursday after the European Central Bank (ECB) announced a full-scale bond-buying program. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally closed 1.6 percent higher at 1,453.28 points-its highest closing level since early 2008, according to Reuters. The U.K.’s benchmark FTSE (FTSE International: .FTSE) index ended unofficially 1.0 percent Read More
Taking a page from the Ben Bernanke playbook, Mario Draghi and the European Central Bank announced a bond buying program this morning to the tune of €60 billion a month through September of 2016 for a total of about €1.2 trillion. The program is an attempt to turn around Europe’s lagging economy, boosting inflation that Read More