Wraps

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  • In European Equity Markets stocks fell on Friday and headed for their biggest weekly decline in one month, with travel and leisure stocks sending the market lower after updates from British Airways owner IAG and Restaurant Group. The pan-European FTSEurofirst 300 was down 1.3 percent. International Airlines Group fell 4.3 percent. It said it would moderate its capacity expansion in the short term in response to weaker overall demand, de...

  • In Asian Equity Markets stocks were mixed on Friday with Sydney edging up after a busy data day. The Tokyo Stock Exchange was closed for a national holiday on Friday and the benchmark Nikkei index ended the shortened trading week down 5 percent. The S&P/ASX200 rose 0.39 percent. In Australia, housing credit data rose 0.5 percent in March, unchanged from the previous month, while first quarter producer prices fell 0.2 percent, compared with a 0.2 percent gain seen quarter-on-q...

  • In European Equity Markets stocks fell on Thursday after the Bank of Japan unexpectedly held off from expanding monetary stimulus, while Spanish bank BBVA and Airbus fell on disappointing earnings updates. The FTSEurofirst 300 index was down 0.3 percent, rising off its lows after the Wall Street open. Airbus fell 5.6 percent after it reported a heavier-than-expected seasonal outflow of cash and warned of serious challenges for its A400M military p...

  • In Asian Equity Markets stocks edged higher on Thursday as the U.S. Federal Reserve appeared to be in no hurry to raise interest rates, while oil consolidated gains after hitting a 2016 peak. MSCI's broadest index of Asia-Pacific stocks outside Japan added 0.4 percent. Hong Kong stocks rose more than 1 percent. The Nikkei index was 3 percent lower at 16,775.96 in early afternoon trading. The broader Topix was 2.7 percent lower at 1,346.85 in early afternoon trade and on cours...

  • In European Equity Markets stocks edged higher on Wednesday helped by gains among utilities and energy stocks, while Greek equities lost ground after euro zone officials delayed a meeting on the country's bailout. Greece's benchmark ATG equity index fell 2.8 percent, making it the worst-performing market in the region. The pan-European FTSEurofirst 300 index was up 0.3 percent. Utilities were also firmer with Germany's E.ON, RWE up 4.7 percent and 7.9 percent...

  • In Asian Equity Markets stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs. Japan's Nikkei lost 0.4 percent as Japan-based suppliers of iPhone parts fell after Apple Inc reported its first-ever decline in iPhone sales and its first revenue fall in over a decade overnight. Taiwan stocks also fell, weighed down by a fall in shares of Apple suppliers. The MSCI ind...

  • In European Equity Markets stocks ended slightly higher on Tuesday, supported by firmer oil prices and encouraging company results, with pulp and paper maker UPM and oil major BP rallying on better-than-expected figures. The pan-European FTSEurofirst 300 index ended 0.2 percent higher. Banks rose 2.5 percent, making them the top sectoral gainer. Standard Chartered rose 9.8 percent after it posted stronger-than-expected first quarter results and said re...

  • In Asian Equity Markets stocks retreated on Tuesday as investors braced for central bank policy meetings in the United States and Japan this week. MSCI's broadest index of Asia-Pacific stocks outside Japan fell 0.3 percent, while Japan's Nikkei lost 1.1 percent. The broader Topix fell 1.2 percent to 1,385.70 and the JPX-Nikkei Index 400 declined 1.1 percent to 12,560.97. Hong Kong's Hang Seng index lost 0.5 percent. But Chinese stocks were flat, with the CSI 300 little c...

  • In European Equity Markets stocks fell further below last week's three-month high on Monday, as weak mining stocks and a fall in French utility EDF weighed on the market. The FTSEurofirst 300 index was down 0.4 percent at 1,366.99 points. Germany's DAX was down 0.5 percent after a report showed German business morale fell in April. The German Ifo business climate index came in at 106.6 in April, missing a consensus forecast of 107. Philips was down 5.5 percent after releasing its ...

  • In Asian Equity Markets stocks fell on Monday while the dollar decreased as investors took profits from the currency's recent gains ahead of central bank meetings in the United States and Japan this week. MSCI's broadest index of Asia-Pacific stocks outside Japan was down 0.4 percent. China's blue-chip CSI300 index lost 0.9 percent, while the Shanghai Composite Index was down 1.2 percent. Markets in Australia were closed for the Anzac Day public holiday. The Nikkei index fell 0.7 ...

  • In European Equity Markets stocks inched lower on Friday as automaker Daimler reported disappointing results and said it would investigate its U.S. emissions certification process. Poor sales also hit luxury group Kering, owner of the Gucci brand. Carmakers were the worst performing sector. The European auto sector index fell 2 percent, dragged down by a 6.6 percent drop in Daimler after it reported first-quarter operating profit fell 9 percent. <...

  • In Asian Equity Markets Nikkei index climbed to an 11-1/2 week high after the U.S. dollar rose above 110 yen for the first time since April 6, lifting a broad swath of shares that benefit from a weaker yen. The Nikkei share average rose for a fourth straight day to end the day 1.2 percent higher at 17,572.49, its highest since February 2. Japan's benchmark index ended the week more than 4 percent higher. Mitsubishi Motors Corp ended the day 13.6 percent lower as it cont...

  • In European Equity Markets  stocks fell on Thursday after the European Central Bank (ECB) kept rates unchanged, with Swedish telecom equipment maker Ericsson and French drinks firm Pernod leading the fall after disappointing updates. The pan-European FTSEurofirst 300 index was down 1 percent. Europe's bank sector index continued to outperform and was last up 1.3 percent. Pernod Ricard fell 7.4 percent after third-quarter sales came in below...

  • In Asian Equity Markets Japanese stocks rose to a 2-1/2 month high on Thursday after the yen resumed a weakening trend against the U.S. dollar amid a bounce in oil prices and growing expectations of further easing from the Bank of Japan. The Nikkei share average climbed 2.7 percent to end the day at 17,363.62, its highest level since February 3. Mitsubishi Motor's stock ended the day 20.5 percent lower at a record-low 583 yen as the automak...

  • In European Equity Markets stocks steadied around three-month highs on Wednesday as a fall in crude oil prices was offset by some solid earning updates and gains among banking stocks. The pan-European FTSEurofirst 300 index was up 0.07 percent. Accor rose 3.8 percent after the company posted higher underlying sales late on Tuesday, as robust demand for hotel rooms in most markets overcame a weaker performance in France and in recession-hit Brazil. ...

  • In Asian Equity Markets Japan's Nikkei index rose to a three-week high on Wednesday morning after U.S. stocks rose and the dollar remained steady against the yen, lifting overall market sentiment. The Nikkei rose 0.9 percent to 17,021.03 in midmorning trade after hitting an intraday high of 17,099.36, the strongest reading since March 29. The broader Topix gained 0.4 percent to 1,369.16 and the JPX-Nikkei Index 400 advanced 0.5 percent to 12,384.45. The MSCI's broadest index of As...

  • In European Equity Markets stocks rose to three-month highs on Tuesday, with a rally in commodities-related stocks and encouraging updates from companies such as French cosmetics firm L'Oreal and advertising group Publicis. L'Oreal rose 4.9 percent as it pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected. The European basic resources in...

  • In Asian Equity Markets stocks rose to five-month highs on Tuesday, taking their cue from gains on Wall Street after a strike in Kuwait helped pull crude oil prices above their prior-session lows. MSCI's broadest index of Asia-Pacific stocks outside Japan was up 0.7 percent, after touching its highest intraday levels since November. Japan's Nikkei stock index was up 3.5 percent in early trading, a day after it fell 3.4 percent as investors assessed the impact of earthquakes ...

  • In European Equity Markets stocks recovered on Monday after a weak open, with auto and travel stocks gaining and the energy sector off its lows after a meeting by major exporters in Doha collapsed without a deal to freeze output. The pan-European FTSEurofirst 300 index touched its lowest intraday level since Wednesday, before turning higher to trade up 0.4 percent at 1,355.26 by the close. Travel operator TUI was the leading gainer in the sector. It was last up 2.3 percent after ...

  • In Asian Equity Markets Japanese stocks fell on Monday after a stronger yen hurt the outlook for corporate profits, while risk appetite was hurt by the earthquakes on the southern island of Kyushu. The Nikkei index lost 3.4 percent to 16,275.95 for its largest single-day decline since April 1. The broader Topic fell 3 percent to end the day at 1,320.15 with all but one of its 33 subindex down. The JPX-Nikkei Index 400 fell 3.1 percent to 11,934.49. MSCI's broadest index of Asia-Pa...

  • In European Equity Markets stocks fell on Friday, with French car parts maker Faurecia leading automakers down, although a key regional index stayed on track for its best week since mid-February. The STOXX Europe 600 Automobiles and Parts index fell 1.4 percent, the top sectoral decliner, as Faurecia shares fell nearly 5 percent after the company said that its quarterly sales in China were down 2 percent. The pan-European FTSEurofirst 300 index fell 0....

  • In Asian Equity Markets stocks were subdued on Friday as caution over a weekend meeting of oil producers tempered risk sentiment, while the region's markets took China's relatively upbeat GDP data in stride as the numbers were in line with expectations. Japan's Nikkei was down 0.3 percent and Australian stocks edged up 0.5 percent. Shanghai lost 0.3 percent, while South Korea's Kospi inched down 0.2 percent. China's economy grew 6.7 percent in the first quarter from a year earlier...

  • In European Equity Markets stocks climbed to their highest in a month on Thursday, with food company Nestle among the leading gainers after an upbeat earnings update and Ferrovial lifted by a broker upgrade. The pan-European FTSEurofirst 300 index was up 0.2 percent. Nestle rose 2.1 percent as the food group confirmed its full-year outlook after first-quarter underlying sales growth beat expectations. Spanish infrastructure company Ferrovial rose 4 percent, the biggest gainer on t...

  • In Asian Equity Markets stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy in the comiing months. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.3 percent. The Nikkei index rose 2.5 percent to end the morning session at 16,782.02, hitting its highest point since March 31. The broader Topix climbed ...

  • In European Equity Markets stocks rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The pan-European FTSEurofirst 300 index rose 2.3 percent while the euro zone's blue-chip Euro STOXX 50 index advanced 2.8 percent. Shares in Swedish medical technology company Elekta gained 7.2 percent after investors welcomed the appointment of Richard Hausmann as its new chi...

  • In Asian Equity Markets stocks extended early gains on Wednesday after upbeat Chinese trade data offered hope the economy was stabilising, underpinning both risk sentiment and commodity prices. Shanghai stocks gained 1.9 percent while Japan's Nikkei rose 2.4 percent to its highest in eight sessions. MSCI's broadest index of Asia-Pacific stocks outside Japan added 1.4 percent and Australia gained 1.1 percent. China reported exports rose 18.7 percent in yuan terms in March, compared to a...

  • In European Equity Markets stocks edged higher on Tuesday, helped by gains among miners and banking stocks, but luxury good companies were among the worst performers after a disappointing update at LVMH. The pan-European FTSEurofirst 300 index and the euro zone's bluechip Euro STOXX 50 index were up 0.3 percent and 0.5 percent respectively. LVMH fell 2 percent after the luxury goods industry leader posted first-quarter sales below forecasts as tourist shopping in key markets such ...

  • In Asian Equity Markets stocks rose on Tuesday, led by a rebound in Japanese stocks, while commodities such as crude oil stood tall thanks to a sagging dollar. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.4 percent. Japan's Nikkei, which fell to two-months lows on Friday, pared earlier losses and gained more than 1 percent on bargain hunting in recently beaten down stocks like banking stocks. The broader Topix added 1.4 percent to 1,297.76. Elsewhere, Au...

  • In European Equity Markets stocks rose on Monday, reversing earlier losses thanks in part to gains in Italian banks and mining stocks. The Italian banking sector index rose sharply for a second straight session on hopes the Rome government will soon thrash out a plan to set up a state-backed fund to buy bad loans and plug capital shortfalls. Shares in Monte dei Paschi rose 11.6 percent, while UniCredit and Intesa Sanpaolo, the country's two biggest lenders, ...

  • In Asian Equity Markets Japanese stocks fell in choppy trade on Monday morning as persistent strength in the yen pressured exporters while investors shrugged off early signs of stabilisation in capital spending. The Nikkei index fell 1.4 percent to 15,607.77 during mid-morning trade, ignoring data showing Japan's core machinery orders fell less than expected in February. The JPX-Nikkei Index 400 declined 1.5 percent to 11,445.39. MSCI's broadest index of Asia-Pacific stocks outsid...

  • In European Equity Markets stocks rebounded on Friday as Italian banks rallied and energy stocks advanced, although a pan-European index was headed for its fourth straight week of losses. The FTSEurofirst 300 index was 1.3 percent higher after falling 0.8 percent lower on Thursday, when the index fell to a one-month low. Italian stocks outperformed the broader market, with the benchmark FTSE MIB index rising 3.7 percent. Shares in Italian banks BMPS, Banco Popolare and UBI Banca j...

  • In Asian Equity Markets stocks extended losses to three-week lows on Friday, while the yen rose to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition. MSCI index fell 0.5 percent, heading for a weekly fall of 1.8 percent. Japan's Nikkei pared earlier losses to near-two-month lows to trade 0.6 percent lower, with financials under pressure. It's on track for a decline of 3.1 percent ...

  • In European Equity Markets stocks fell on Thursday, as gains in healthcare stocks were eclipsed by weaker banks and a fall in stocks like Skanska that traded without the attraction of their latest dividend payouts. The pan-European FTSEurofirst 300 was down 0.7 percent. German carmaker Daimler fell 4.8 percent as its shares went ex-dividend. Among other companies losing the right to the next payout were Skanska, which fell 8 percent, making the stock the biggest faller on the FTSE...

  • In Asian Equity Markets Japanese stocks edged down on Thursday morning as the persistent strength of the yen against the dollar took a toll on exporters and tempered an uptick in risk sentiment from a bounce in oil prices. The Nikkei index edged down 0.3 percent to 15,675.96 during the morning session. The broader Topix edged down 0.2 percent to 1,265.39 and the JPX-Nikkei Index 400 declined 0.2 percent to 11,413.46. Markets in China, Taiwan and South Korea were all lowe...

  • In European Equity Markets stocks inched higher on Wednesday after steep declines in the previous session, with the retail sector boosted by a less-than-expected Hennes & Mauritz profit fall. The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,290.97 points. Shares in Hennes & Mauritz, the world's No. 2 clothes retailer, rose 4 percent after saying the impact of the strong U.S. dollar had started to wane and should turn neutral or slightly positive by the fourt...

  • In Asian Equity Markets stocks held near three-week lows on Wednesday as concerns about the underlying strength of the Chinese economy dogged investors while oil prices jumped by nearly two percent on growing hopes a global output freeze may materalize soon. MSCI's broadest index of Asia-Pacific stocks outside Japan was barely in positive territory after falling to its lowest level since March. 16. Overnight, it fell 1.6 percent, its biggest fall in almost two months. The Nik...

  • In European Equity Markets stocks fell on Tuesday to touch their lowest level in almost six weeks after industrial orders in Germany unexpectedly fell, with mining, autos and bank stocks leading the decline. Germany's DAX fell 2.3 percent, underperforming a 1.7 percent decrease for the pan-European FTSEurofirst 300 which earlier fell to its lowest level since Feb. 26. The French carmaker Peugeot fell 6.4 percent after outlining plans to revive consistent sales growth. Shares in T...

  • In Asian Equity Markets stocks and other riskier assets decreased on Tuesday, pressured by falling crude oil prices and mixed messages from Federal Reserve policymakers on the outlook for U.S. interest rate rises. MSCI's broadest index of Asia-Pacific stocks outside Japan was down 1.3 percent. The Nikkei fell 2.1 percent to 15,789.97 in midmorning trade after hitting as low as 15,758.41 earlier, the lowest level since Feb. 24. The JPX-Nikkei Index 400 lost 2.1 percent to 11,4...

  • In European Equity Markets stocks bounced back from one-month lows on Monday, led higher by gains in defensive stocks, but telecoms fell after talks between Orange and Bouygues on creating a dominant French operator collapsed. The FTSEurofirst 300 index closed up 0.5 after falling 1.5 percent to a one-month low on Friday. Shares in French group Bouygues lost 3.5 percent, making their worst day in 17 years. Orange was down 6.2 percent. Other French telecom firms also fell sharply, ...

  • In Asian Equity Markets stock prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while dovish comments from Fed Chair Janet Yellen the previous week kept the U.S. dollar in check. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.7 percent. The Nikkei was flat at 16,164.95 points by midmorning after falling to as low as 16,029.50 earlier, the lowest since March 1. The broader Topix rose 0.5 percent to 1,307.32, s...

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