Wraps

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  • In European Equity Markets stocks eased back on Friday, having already recouped nearly all their losses from a bruising eight percent drop earlier this week, with markets cooling off despite hopes of more help from central banks. The euro zone's blue-chip Euro STOXX 50 index fell 0.4 percent while Germany's DAX weakened 0.8 percent, with the DAX nearly 20 percent below a record high in April. Energy stocks were the best performers, after the price of o...

  • In Asian Equity Markets  Japanese stocks extended a rally on Friday as investors took heart from strong U.S. economic data and further gains on Wall Street, with strength in Chinese markets further helping to calm frayed nerves. The Nikkei share average rose 3 percent to 19,136.32. Soaring oil and commodities prices drove up shares in energy, heavy machinery, steel and other metals. Mitsubishi Corp. gained 6.2 percent and Nippon Steel and Sumitomo Meta...

  • In Asian Equity Markets Japan's Nikkei share average extended the previous day's gains on Thursday after a strong rebound on Wall Street and continued calm in Chinese markets eased investors' fears of a prolonged global market rout. Expectations that the U.S. Federal Reserve might not raise interest rates next month also aided sentiment. The Nikkei rose 1.1 percent to 18,574.44, recouping some of the huge losses it suffered in the six-day losing streak that lasted throug...

  • In European Equity Markets the pan-European FTSEurofirst 300 index pared losses of nearly 3 percent on Wednesday, as hopes of further monetary support from the European Central Bank eased persistent concerns about China's economy. Commodity-related stocks remained under pressure in volatile trade. Having briefly turned higher, the STOXX Europe 600 Basic Resources, sensitive to weakness in China, was the top sectoral faller, down 1.2 percent. Germany's DAX w...

  • In Asian Equity Markets  stocks rebounded on Wednesday, turning around a six-day losing streak as Chinese markets calmed and bargain hunters snapped up major stocks such as banks and big exporters. The Nikkei share average rose 3.2 percent to 18,376.83, posting its biggest daily gain since October 31. China's turbulent stock markets turned sharply higher at midday on Wednesday, following Tuesday's strong dose of central bank stimulus, though confidence ...

  • In European Equity Markets stocks rose more than 4 percent on Tuesday, on track for their best one-day gain since late 2011, with a rate cut from China providing added juice to a recovery from a bruising 48-hour sell-off. Battered mining and technology stocks were the big winners from China's move to support its stuttering economy and a plunging stock market that has sent shockwaves around the globe. Miners Glencore and Anglo American were up by betwee...

  • In Asian Equity Markets turnover of Japan's main board hit the highest level since last November on Tuesday as Tokyo stocks plummeted, rallied and then tumbled again in a highly volatile session as fears about China's economy continued to spook investors. The Nikkei dropped 4.0 percent to 17,806.70. The Topix fell 3.3 percent to 1,432.65 and the JPX-Nikkei Index 400 shed 3.4 percent to 12,910.11.  Mainland Chinese shares had another calami...

  • In European Equity Markets stocks fell to a seven-month low on Friday, as growing concerns over China's economy hit world stock markets and many investors remained cautious over the near-term outlook. The euro zone's blue-chip Euro STOXX 50 index fell 1.6 percent while Germany's DAX declined 1.4 percent, with the DAX some 17 percent below record highs reached in April. The Athens stock market also fell 2.3 percent after Greek Prime Minister Alexis Tsi...

  • In Asian Equity Markets Japan's Nikkei share average tumbled to a 3-1/2-month low on Friday, widening its losses from early trade after a survey showing weak Chinese factory activity darkened an already frail mood. The Nikkei share average fell 3.0 percent to 19,435.83, the lowest closing level since May 8. Shanghai stocks  fell 4 percent to below the 200-day moving average for the first time since July 2014. That brought losses for t...

  • In European Equity Markets stocks extended their losing streak on Thursday, with benchmark indexes in Frankfurt and London hitting seven-month lows as fears of a global economic slowdown took hold. The Athens stock market also fell around 3 percent as the country's prime minister looked set to call early elections in a bid to quell a rebellion in his leftist Syriza party and seal support for a tough bailout programme. The pan-European FTSEurofirst 300 ...

  • In Asian Equity Markets Japanese stocks fell for a third day to a near six-week low on Thursday on worries about China's economy, while SoftBank Group Corp soared on news its president will buy the company's shares. The Nikkei share average ended 0.9 percent lower at 20,033.52, the lowest closing level since July 10. SoftBank jumped 2.2 percent and was the second most traded stock by turnover after President Nikesh Arora said he is buying about 60 billi...

  • In European Equity Markets stocks fell on Wednesday, extending a recent losing streak after U.S. inflation data supported expectations of a rate rise, while brewer Carlsberg slumped after cutting its outlook. News that German lawmakers had voted to back a third bailout for Greece had little positive effect, with the focus firmly on fears of a fresh slowdown for the global economy as China battles with plunging exports and white-knuckle stock-market moves. 

  • In Asian Equity Markets Japanese stocks dropped to a three-week low on Wednesday afternoon, widening earlier losses, as a slide in Chinese shares raised concerns about the stability of China's economy. The Nikkei share average dropped 1.3 percent to 20,286.73 after falling to as low as 20,254.26 in early afternoon trade, the lowest since July 29. The index fell below its 25-day moving average of 20,561.31. Toshiba Corp outperformed, jumping 8.0 percent afte...

  • In European Equity Markets stocks were mixed on Tuesday, as buoyant corporate results offset the impact of weak trade in Asia and a fall in commodities prices driven by worries over China's growth outlook. Most major indexes across Europe posted losses. Blue-chips in France, Germany and Italy were 0.1 percent to 0.3 percent lower. Britain's FTSE underperformed, down 0.4 percent as sterling strengthened. Swiss chocolate maker Lindt & Spru...

  • In Asian Equity Markets  Japan's Nikkei fell 0.3 percent on Tuesday, hurt by weakness in futures markets and other Asian stock markets as investors worried about the slowdown in China's economy. The Nikkei share average ended down nearly 66 points at 20,554.47, surrendering all of its modest gains in early trade. The broader Topix was flat at 1,672.22 and the JPX-Nikkei Index 400 dropped 0.1 percent to 15,056.49. In Australia, the S&P/ASX...

  • In European Equity Markets stocks lost ground on Monday afternoon, with the German market bearing the brunt of selling after data showed manufacturing activity in New York state shrank to its weakest level in August since 2009. Benchmark indexes in Paris and Milan held up relatively well, however, with shares of French industrial group Alstom outperforming on bets its takeover will be approved. The euro zone's blue-chip Euro STOXX 50 index was down 0.3 perc...

  • In Asian Equity Markets  stocks edged up on Monday after data showed Japan's economic contraction was less severe than expected, while volatility subsided across major markets as the Chinese yuan stabilised after last week's surprise devaluation. Japan's Nikkei share average gained 0.5 percent to 20,620.26 while the broader Topix rose 0.5 percent to close at 1,672.87, with turnover sinking to its lowest level since early April with many market pl...

  • In European Equity Markets stocks slipped lower on Friday, with utility RWE underperforming after broker downgrades, and remained on course for their worst week in more than a month following China's currency devaluation. RWE fell 1.7 percent after Natixis and UBS cut their price targets on RWE shares, but payment services company Ingenico rose 5.5 percent after gaining entry to the MSCI World Index, a key benchmark for many investors. The euro zone's ...

  • In Asian Equity Markets Japan's Nikkei share average edged down on Friday amid profit-taking and falling oil prices that generated selling in shares tied to commodities.  The Nikkei average fell 0.4 percent to 20,519.45 for a weekly loss of 1 percent. The broader Topix lost 0.2 percent to close at 1,664.46, ending the week down by 0.9 percent. Subsiding fears of continued weakness in the Chinese yuan allowed for a rebound in shares tied to inbound tou...

  • In European Equity Markets shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China's central bank to slow the sharp descent of the yuan that has rocked markets worldwide. Automakers and luxury goods stocks, among the worst hit this week, were among the biggest gainers after China's central bank said there was no reason for the yuan to fall further. The pan-European FTSEurofirst 300 index was up 1...

  • In Asian Equity Markets Japan's Nikkei share average rose but the broader Topix index fell on Thursday as confused investors shed risk assets while trying to gauge how much the yuan will fall and how that would affect Japanese companies' bottom lines. The Nikkei rose 0.4 percent to 20,478 thanks to gains in some of its heavyweights but the Topix fell 0.4 percent to 1,659.53 as investors booked profits in large cap shares, such as banks and telecom companies. ...

  • In European Equity Markets  shares extended the week's sell-off on Wednesday after China allowed the yuan to weaken further, hitting export-focused stocks for a second straight day. The pan-European FTSEurofirst 300 index closed down 2.7 percent, while the euro zone's blue-chip Euro STOXX 50 index was down 3.4 percent, its second-worst daily performance since January. German automakers Daimler and BMW were down 3.7 to 5 percent, while luxury-goods group...

  • In Asian Equity Markets Japan's Nikkei share average fell to two-week lows on Wednesday after the Chinese central bank lowered the yuan for a second day, fanning more worries of slowing growth in China and hitting China-related shares. The Nikkei average fell 1.6 percent to 20,392.77 hitting its lowest level in two weeks and logging its biggest fall in more than a month. The broader Topix fell 1.3 percent to 1,665.75 in heavy trading volume, with ...

  • In European Equity Markets shares retreated on Tuesday, with carmakers and luxury goods stocks among the worst performers, after China devalued its currency and a report showed economic sentiment weakening in Germany. Carmakers BMW, Daimler and Volkswagen sank 4 to 5 percent. Luxury goods groups Swatch and LVMH both fell around 5 percent. The pan-European FTSEurofirst 300 index and the euro zone's Euro STOXX 50 index both closed about 1.7 percent lower...

  • In Asian Equity Markets  Japan's Nikkei share average edged down on Tuesday, erasing its earlier rise to near its 18 1/2-year high hit earlier this year, as investors took profits after the Chinese central bank devalued the yuan. The Nikkei average dipped 0.2 percent to 20,761.03, after having risen 0.7 percent at one point to 20,946.93, just several points below its peak of 20,952.71 hit in late June. Steelmaker shares, which have been hit by concerns...

  • In European Equity Markets stocsk advanced on Monday, as a rise in some major financial shares offset the impact of weaker commodity stocks weighing on the British market. The euro zone's blue-chip Euro STOXX 50 index rose 1 percent, while Germany's DAX and France's CAC both advanced by 0.9 and 0.7 percent respectively.  German insurer Allianz rose 2.2 percent after price target upgrades from JP Morgan, Berenberg and Exane BNP Paribas. Shares in...

  • In Asian Equity Markets  Japan's Nikkei share average edged up on Monday, as investors took confidence from gains in Shanghai's main index, shaking off fears over declining China exports revealed by data released at the weekend. The Nikkei average rose 0.4 percent to 20,808.69. The broader Topix gained 0.7 percent to close at an 8-year high of 1,691.29. Shares of telecoms company KDDI closed up 4.4 percent while Yokogawa Electric gained 6.3 ...

  • In European Equity Markets  stocks fell on Friday, weighed down by the German market after an unexpected fall in industrial output there, while jobs data reinforced expectations of a U.S. interest rate rise soon. Germany's DAX fell 0.8 percent. The DAX is down about 7 percent from a record high reached in April, although it is up nearly 20 percent from the start of the year. Finnish tyre maker Nokian Tyres also dropped 1.5 percent after a cut to its fu...

  • In Asian Equity Markets Japan's Nikkei share edged up on Friday as investors bought shares in companies with solid earnings such as Toray and Softbank, erasing earlier losses on profit-taking. But investors were cautious ahead of key U.S. jobs data which could prompt the U.S. Federal Reserve to start raising interest rates as early as September. The Nikkei average rose 0.3 percent to 20,724.56 points for a weekly gain of 0.7 percent. The broader Topix gaine...

  • In European Equity Markets shares fell on Thursday, with weak corporate results weighing on enzyme company Novozymes and Deutsche Post even as UK stocks outperformed on receding rate-hike fears. The pan-European FTSEurofirst 300 index, which rose 1.3 percent in the previous session, closed down 0.8 percent at 1,589.38 points. The euro zone's blue-chip Euro STOXX 50 index declined by 0.2 percent. Novozymes slid by around 13 percent after reporting secon...

  • In Asian Equity Markets Japanese shares rose on Thursday as the yen sank to a two-month low against the dollar, with Meiji Holdings soaring after boosting its profit outlook but Kirin Holdings dropping after revising down its sales forecast. The Nikkei average rose 0.7 percent to 20,750.41 while the broader Topix gained 1.1 percent to 1,683.94. Exporters like Toyota Motor and robot-maker Fanuc Corp were lifted after the dollar poked above the 125 yen t...

  • In European Equity Markets stocks rose on Wednesday with Societe Generale surging as the French bank became the latest major company in the region to post forecast-beating earnings. European carmakers, which fell in late July on concerns about a slowdown in their important Chinese market, also rallied, with Renault rising after Exane BNP Paribas increased its price target on the stock. Technology stocks were steady after weakening in the previous sessi...

  • In Asian Equity Markets Japan's Nikkei share average posted modest gains on Wednesday as stronger earnings buoyed construction firms and real estate developers, but Toyota Motor and other cyclical shares buckled under concerns about slower global growth. Construction firms were helped by earnings from Kajima Corp , which rose more than 6 percent to a nine-year high after reporting April-June operating profit rose 76 percent. The benchmark Nikkei average...

  • In European Equity Markets stocks lost ground on Tuesday, with French bank Credit Agricole among the worst performers after reporting results, and energy stocks hit by weak oil prices. The pan-European FTSEurofirst 300 index was down 0.2 percent at 1,580.93 at the close, while the euro zone's blue-chip Euro STOXX 50 index was down 0.4 percent. Athens' stock market, which slumped 16 percent on Monday after a five-week shutdown, fell a further 1.2 percen...

  • In Asian Equity Markets Japan's Nikkei share average edged down on Tuesday on weakness in manufacturing activity in China and the United States, prompting investors to rotate out of cyclicals to defensive stocks such as drugmakers.  Suppliers to Apple Inc tumbled as the tech giant's shares hit six-month lows, continuing a downward trend in place since its earnings two weeks ago. TDK Corp fell 5.9 percent while Taiyo Yuden fell 3.6 percent. The benchmark average f...

  • In European Equity Markets stocks rose on Monday, shrugging off a slump for the Greek stock market when it reopened after a five-week shutdown, as strong results from Heineken and banks supported the broader market. The pan-European FTSEurofirst 300 index rose 0.7 percent to 1,583.52 points. The euro zone's blue-chip Euro STOXX 50 index gained 1 percent, Germany's DAX advanced 1.2 percent and France's CAC 0.8 percent. However, Athens' benchmark ATG equ...

  • In Asian Equity Markets stocks fell on Monday, snapping a three-day winning streak, as a barrage of earning reports failed to dispel growing concerns over a slowdown in China's economy. The Nikkei average dropped as much as 0.9 percent and last stood at 20,478.60 by midday, down 0.5 percent. The broader Topix index was down 0.3 percent at 1,654.10. China stocks fell on Monday with thin buying interest as a survey showed weak factory activity ...

  • In European Equity Markets  shares marked a positive end to the month on Friday, as takeover hopes and positive earnings reports offset weakness in commodities and mining. The FTSEurofirst 300 closed up 0.1 percent at 1,572.26 points, giving it a 4 percent gain for the month of July. German potash miner K+S also rose 6 percent after remarks by Canada's Potash Corp spurred expectations that a takeover was more likely. BNP Paribas gained 2.9 pe...

  • In Asian Equity Markets Japan's Nikkei share average edged up in choppy trade on Friday as investors took heart from strong Japanese quarterly corporate earnings, while they took comfort from less volatile Chinese share moves. The Nikkei share average gained 0.3 percent to 20,585.24 after traversing positive and negative territory. For the week, the index rose 0.2 percent while it added 1.7 percent during July. China stocks fell on Friday and looked set...

  • In European Equity Markets shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. The pan-European FTSEurofirst 300 index rose 0.5 percent, while the euro zone's blue-chip Euro STOXX 50 index rose 0.4 percent. Both are up roughly 13 percent so far in 2015. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent. Elsewhere,...

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