Wraps

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  • In Asian Equity Markets stocks fell on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. The Nikkei lost 4.8 percent to 14,952.61, the lowest closing level since October, 2014. All of the Topix's 33 subsectors fell. The broader Topix lost 5.4 percent to 1,196.28 and the JPX-Nikkei Index 400 fell 5.6 percent to 10,780.40. MSCI's...

  • In European Equity Markets stocks were down to its lowest level in 2-1/2 years on Thursday, led down by a renewed fall in banks and commodity-related stocks, with Societe Generale falling after disappointing results. The pan-European FTSEurofirst 300 was down 3.1 percent at 1,203.59 points. Banks were down over 5 percent, the top sectoral faller. Societe Generale was down 11.4 percent after it posted a lower than expected rise in fourth-quarter net income, hit by an additional 400 mi...

  • In Asian Equity Markets stocks in Hong Kong fell sharply on Thursday, catching up with deep regional selloffs, as the market reopened after an extended Lunar New Year holiday. The benchmark Hang Seng Index was recently down 4 percent at 18526.03, near lows for the session. Elsewhere, South Korea's Kospi was off 2.9 percent and Australia's S&P ASX 200 was up 0.5 percent after a choppy morning. The Hang Seng China Enterprises Index of Chinese firms trading in Hong Kong fell 4.8 percent ...

  • In European Equity Markets stocks were on course to snap a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows. The pan-European FTSEurofirst 300 index was up 2.1 percent at 1,246.34 points. Norwegian mobile software company Opera jumped 35 percent after a group of Chinese firms made a cash offer, valuing it at 10.5 billion crowns, or $1.23 billion. Shares in Danish shipping and oil group A.P. Moller-Maersk fell 3...

  • In Asian Equity Markets stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar. The Nikkei fell 2.3 percent to 15,713.39, for a total fall of 10.3 percent this month. Australian stocks touched a 2-1/2-year trough and MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent. Mitsubishi UFJ Financial Grou...

  • In European Equity Markets stocks turned lower in early afternoon on Tuesday to touch their lowest level in more than two years with worries about the impact on banks of sustained low interest rates keeping sentiment fragile. The FTSEurofirst 300 was down 1.9 percent to 1,215.12 points. The European banking index lost 3.4 percent, reversing earlier gains and after falling 5.6 percent on Monday. Deutsche Bank fell 1.9 percent. Late on Monday the German bank said it had "sufficient"...

  • In Asian Equity Markets stocks fell on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe-haven assets. The Nikkei lost 4.6 percent to 16,226.29 in mid-morning trade, after falling as low as 16,220.53, its lowest since Jan. 21. Mitsubishi UFJ Financial Group fell 7.2 percent, Sumitomo Mitsui Financial Group lost 6.6 percent and Mizuho Financial Group was down 5.3 percent. Japanese banks have been under p...

  • In European Equity Markets stocks touched a 16-month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector. The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points, its lowest level since October 2014. Shares in Deutsche Bank fell 6.5 percent, leading decliners on Europe's Stoxx 50 index. Elsewhere in the sector, BNP Paribas, ING Santander and Barclays were all down by more than ...

  • In Asian Equity Markets Japan's Nikkei index rebounded on Monday in choppy trade, snapping a four-day losing streak as a weak yen offset concerns about weak Japanese companies' earnings and slumping U.S. stocks. The Nikkei ended 1.1 percent higher at 17,004.30 after falling as low as 16,552.30 in morning trade. The broader Topix gained 0.8 percent to 1,380.41 and the JPX-Nikkei Index 400 added 0.8 percent to 12,458.11. MSCI's broadest index of Asia-Pacific stocks outside Japan was...

  • In European Equity Markets stocks were steady on Friday as a rise in the shares of major banks and industrial companies offset a fall in stocks such as defence group Finmeccanica and steelmaker ArcelorMittal. The FTSEurofirst 300 index and the Euro STOXX 50 index were both flat. Britain's FTSE 100 and France's CAC rose 0.1 percent while Germany's DAX fell 0.2 percent. BNP Paribas advanced by 4 percent after France's biggest bank presented plans to cut investment banking costs in a...

  • In Asian Equity Markets Japan's Nikkei index fell for a fourth day on Friday on concerns that a stronger yen may squeeze exporters' earnings, while investors awaited U.S. jobs data for clues on the Federal Reserve's policy outlook. The Nikkei lost 1.3 percent to 16,819.59 points, the lowest closing level since Jan. 26. The broader Topix fell 1.4 percent to 1,368.97 in heavy trade. Shanghai stocks gained 0.2 percent and Australian stocks lost 0.1 percent. MSCI's broadest index...

  • In European Equity Markets stocks fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. The FTSEurofirst 300 index was down 0.7 percent, while the STOXX 600 index fell by a similar amount to 327 points. Daimler fell 4.6 percent after the German car maker predicted only modest growth this year after big increases in 2015, ...

  • In Asian Equity Markets Japan's Nikkei index fell to a one-week low on Thursday as a stronger yen hurt market sentiment, while bellwether companies such as Panasonic Corp and Hitachi Ltd dived after cutting earnings forecasts. The Nikkei lost 0.9 percent to 17,044.99, the lowest closing price since Jan. 28. MSCI's broadest index of Asia-Pacific stocks outside Japan jumped 1.9 percent. Australia's resource-heavy index rose 1.7 percent and South Korea 1 percent. In China, the S...

  • In European Equity Markets stocks fell on Wednesday as weak earnings from some leading companies weighed on markets, although Syngenta rose after ChemChina agreed a bid for the Swiss seeds and pesticides group. The pan-European FTSEurofirst 300 index was down by 1.9 percent. The euro zone's bluechip Euro STOXX 50 index retreated by 2.4 percent. Syngenta rose 3 percent after China's state-owned group ChemChina agreed to buy the Swiss company for $43 billion, the largest overseas ac...

  • In Asian Equity Markets Japanese stocks fell on Wednesday as crude oil prices extended their recent decline and as a stronger yen hit overall market sentiment. The Nikkei stock index fell 3.2 percent to 17,191.25, its biggest daily fall in two weeks. The broader Topix fell 3.2 percent and the JPX-Nikkei Index 400 lost 3.3 percent. The MSCI's broadest index of Asia-Pacific stocks outside Japan fell 2.1 percent, led by a 2.7 percent fall in Hong Kong stocks. Although a private ...

  • In European Equity Markets stocks fell on Tuesday as crude oil prices decreased again and companies like BP reported disappointing earnings. BP fell 9 percent after reporting its worst annual loss in more than 20 years in 2015 and announced thousands of job cuts. Shares in Reposol, Royal Dutch Shell, Eni and Total all fell between 4.5 and 6 percent. BHP Billiton fell 7.3 percent after Standard & Poor's cut its credit rating and warned it might be lowered further if measures to...

  • In Asian Equity Markets Japanese stocks fell on Tuesday as investors locked in profits from large gains made following the Bank of Japan's surprise decision late last week to adopt negative interest rates. The Nikkei ended 0.6 percent lower at 17,750.68 points, pulling away from a four-week high of 17,905.37 scaled on Monday. MSCI's broadest index of Asia-Pacific ss outside Japan was down about 1 percent. Despite the weak factory reading, Chinese stocks bucked regional softn...

  • In European Equity Markets stocks fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute. The pan-European FTSEurofirst 300 index lost 0.8 percent to 1,337.05. Germany's DAX and Euro STOXX 50 fell 1.1 percent and 1.3 percent respectively. Shares in Nokia fell around 11 percent after traders expressed disappointment with the terms of Nokia's settlement of a patent dispute wit...

  • In Asian Equity Markets stocks started a new month on a cautious note on Monday, with the Bank of Japan's surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard. Real estate stocks, beneficiaries of lower interest rates, extended gains. Mitsui Fudosan Co rose 7.5 percent and Sumitomo Realty & Development soared 6.0 percent. MSCI index edged up 0.1 percent, after losing 8 percent in January...

  • In European Equity Markets stocks ended the week higher after the Bank of Japan surprised markets on Friday by voting narrowly to introduce negative interest rates in a bid to revive inflation. The FTSEurofirst 300 index had risen 1.4 percent after falling by 1.7 percent in the previous session. Banco Sabadell gained 11 percent after posting a 91 percent jump in full-year net profit, boosted by its purchase of Britain's TSB that more than offset rising provisions for bad loans in ...

  • In Asian Equity Markets stocks jumped and the yen swooned after the Bank of Japan stunned markets on Friday by adopting negative interest rates in its boldest step yet to reinflate the economy. The Nikkei rose to 17,559.76 points by midafternoon after falling into negative territory at one point as investors digested side effects from the new policy on the banking sector. MSCI's broadest index of Asia-Pacific stocks outside Japan added 1.8 percent, up 2.7 percent for the...

  • In European Equity Markets stocks fell on Thursday as disappointing earnings from Roche weighed on the healthcare sector and euro zone banks also came under pressure. The FTSEurofirst 300 index was 2.2 percent lower at 1,311.13 points, while the Eurostoxx 50 index also fell, down 2.8 percent. Roche fell 4.1 percent after 2015 net profit from the Swiss drugmaker fell short of expectations and the company's forecast of an improvement this year met a sceptical market response. Its di...

  • In Asian Equity Markets Japanese stocks fell in choppy trade on Thursday with volatility in oil prices and fears of a global slowdown continuing to hurt sentiment, while cautious investors looked forward to the conclusion of the Bank of Japan's policy meeting on Friday. The Nikkei index declined 0.7 percent to 17,041.45. The Topix subindex for foods added 1.3 percent as risk-averse investors bought into defensive stocks, while the air transportation sector rose 1 percent afte...

  • In European Equity Markets stocks fell on Wednesday, hit by a fall in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates. Royal Bank of Scotland also fell after the bank warned its profits would be hit by a pension charge and U.S. litigation provisions. The pan-European FTSEurofirst 300 index was down by 0.5 percent to 1,329.53 points, while the euro zone's bluechip Euro STOXX 50 index fell 0.5 percent. Novartis fell 4.1 percent after its ...

  • In Asian Equity Markets Japan's Nikkei rose to a near two-week high on Wednesday after Wall Street rebounded, while investors were cautious ahead of a U.S. FED meeting statement due out later in the day. The Nikkei index ended 2.7 percent higher at 17,163.92, the highest closing level since Jan. 14. MSCI's broadest index of Asia-Pacific stocks outside Japan was near the day's lows with meagre gains of 0.2 percent. Stocks in Shanghai and Sydney fell on Wednesday with the...

  • In European Equity Markets stocks steadied by midday on Tuesday, recovering after sharp losses earlier in the session, as crude oil prices bounced back above $30 on hopes of deal to tackle a global supply glut. The pan-European FTSEurofirst 300 was flat in percentage terms at 1,324.21 after falling to a low of 1,296.66 earlier in the day and falling 0.7 percent on Monday. Shares in Siemens rose 7.8 percent after Europe's biggest industrial group raised its full-year earnings forec...

  • In Asian Equity Markets Japanese stock indexes tumbled more than 2 percent on Tuesday as investors took profits on a two-day bounce after concerns about global growth were revived as oil prices slid below $30 per barrel once again. The Nikkei index fell 2.4 percent to 16,708.90, while Hong Kong's Hang Seng Index fell 1.9 percent, with MSCI's broadest index of Asia-Pacific shares outside Japan falling 1.1 percent after two days of gains since late last week. The broader Topix shed 2.3 p...

  • In European Equity Markets stocks fell on Monday, with oil and gas companies losing ground as an oil price rally fizzled out and steep falls in Spanish and Italian lenders hitting banking stocks. The FTSEurofirst 300 index slipped 0.7 percent. The Euro STOXX 50 index and Germany's DAX were down 0.7 and 0.4 percent respectively. Athens' benchmark ATG equity index rose 0.10 percent after Standard & Poor's upgraded its rating on Greece late on Friday. European banks were however ...

  • In Asian Equity Markets Japanese stocks rose on Monday after a sharp rebound in crude oil prices helped global market sentiment, but traders cautioned that the gains could be a temporary, technical bounce rather the start of a sustainable recovery. The Nikkei index rose 0.9 percent to 17,110.91 points, while MSCI index rose 1.5 percent, putting further distance between a four-year low plumbed last week. Shanghai stocks added 1 percent and Australian stocks advanced 1.8 percent to ...

  • In European Equity Markets Europe's top equity index posted its biggest one-day gain since October and its first weekly rise this year on Friday, buoyed by a rally in energy stocks from close to a 12 year low. The pan-European FTSEurofirst 300 was up 3 percent at 1,332.38 points by the close, putting it up 2.7 percent for the week. Shares in oil majors Total, Royal Dutch Shell and Eni rose 3.4 percent to 5.4 percent. Italian luxury goods Tod's rose 3.7 percent after reporting a be...

  • In Asian Equity Markets Japanese stocks soared more than 5 percent on Friday afternoon helped by a weaker yen, bounce in oil prices and a hint of more stimulus from ECB president Mario Draghi. The Nikkei index jumped 5.5 percent to 16,892.16 points in afternoon trade, recouping most of its losses from the past two days. Speculation for more easing also favored Tokyo stocks amid hopes that the Bank of Japan would opt for additional stimulus at its Jan. 28-29 policy meeting. A...

  • In European Equity Markets stocks rose on Thursday after slumping in the previous session, as a hint of more stimulus from ECB head Mario Draghi helped reassure investors following a turbulent start to the year. The FTSEurofirst 300 index rose 1.3 percent, but was off earlier highs, weighed down by a weaker opening at Wall Street. Milan's FTSE MIB index was up 2.7 percent while Germany's DAX was up 1.2 percent. Deutsche Bank fell 5.2 percent after saying it expected a net los...

  • In Asian Equity Markets Japanese stocks suffered another big sell-off on Thursday in a rollercoaster session, as foreign investors bailed out in the afternoon after a rebound in oil petered out. MSCI's broadest index of Asia-Pacific stocks outside Japan extended early gains and was up 1.4 percent while Japan's Nikkei index lost 2.4 percent after a steep fall in the previous day. China's bluechip CSI300 index was down 0.5 percent in early trade, and the Shanghai Composite Ind...

  • In European Equity Markets stocks fell on Wednesday as a relentless slide in oil prices hit world markets, with a leading European index falling to a 15-month low.  The FTSEurofirst 300 index fell 3.3 percent to its lowest level since October 2014, while Germany's DAX slid 2.8 percent. No sector in Europe made gains. Italian banks led European banking stocks lower after Italy's Monte dei Paschi said some customers had been pulling savings out. Monte Pa...

  • In Asian Equity Markets stocks surrendered all of Tuesday's rare gains with The MSCI's broadest index of Asia-Pacific shares outside Japan falling 2.6 percent on the day and hitting its lowest since October 2011. Japan's Nikkei closed down 3.7 percent, leaving it 20 percent below last year's peak, meeting the technical definition of a bear market. The pain was felt widely with Australian stocks down 1.3 percent and South Korea off 2.3 percent. The CSI300 index fell 1.3 percent, a...

  • In European Equity Markets stocks bounced back from 13-month lows on Tuesday, with mining and energy stocks leading the market higher as prices of major industrial metals and crude oil surged following the release of Chinese growth data. The pan¬≠European FTSEurofirst 300 index was up 2.1 percent after slipping to a 13¬≠month low in the previous session. Shares in Anglo American, Glencore, Rio Tinto and BP rose 2.3 to 11 percent after growth numbers from China,...

  • In Asian Equity Markets Japanese stocks rose on Tuesday for the first time in four days as investors bought recently battered stocks, and as China's fourth-quarter growth data met expectations. The Nikkei index rose 0.6 percent to 17,048.37 points, snapping a three-day losing streak. China's economy grew 6.8 percent in the fourth quarter from a year earlier, Tuesday's GDP data showed, the slowest growth since 2009. Volatile Shanghai stocks, which descended to a 13-month low ...

  • In European Equity Markets euro zone banks weighed on European stocks on Monday after news that the ECB was scrutinising some non-performing loans, although oil and gas companies provided some support for the broader market. The euro zone bank sector fell 3.8 percent. Spain's Banco de Sabadell, France's Credit Agricole and Portugal's Banco Comercial Portugues slipped 5-8 percent. Italy provided many of the sector's top fallers, with Banco Monte Paschi down 14.4 percent, and B...

  • In Asian Equity Markets Japanese stocks fell on Monday amid continued unease over China's economic outlook and the slide in crude oil prices to lows not seen since 2003. The Nikkei index fell 1.1 percent to 16,955.57, its lowest close in a year. MSCI's broadest index of Asia-Pacific stocks outside Japan fell to its lowest since October 2011 and was last down 0.5 percent. The volatile Shanghai Composite index initially pierced through intraday lows last seen in August before p...

  • In European Equity Markets stocks fell on Friday to their lowest since December 2014, hit by losses in commodityrelated stocks as BHP Billiton announced a major writedown and oil fell below $30 a barrel. BHP Billiton shed 6.8 percent, the top faller on the FTSEurofirst 300, after saying it would write down the value of its U.S. shale assets by $7.2 billion. That cemented expectations the company will be forced to cut its dividend for the first time in more than 25 years. Among oth...

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