European Shares Advance Ahead Of BoE Rate Decision

European shares hit a new high on Thursday for the fourth straight session after the U.S. Federal Reserve announced its widely expected decision to begin tapering its bond purchases in November, but signaled “patience” in raising interest rates. The Bank of England is set to announce its interest rate decision later in the day. Some […]

Continue Reading

European Shares Retreat On Evergrande Woes

European stocks were moving lower on Thursday as investors digested mixed earnings results and reacted to news about the collapse of a $2.6 billion asset sale at heavily indebted developer China Evergrande Group. China Evergrande reportedly won a more than three month extension to the maturity of a $260 million bond, a day after a […]

Continue Reading

European Shares Slip On Weak German Data

European stocks slipped on Friday as German exports data disappointed and caution set in ahead of the release of key U.S. payrolls data due later in the day. German exports decreased 1.2 percent month-on-month in August, in contrast to the 0.6 percent rise in July, Destatis reported. Economists had forecast a monthly growth of 0.5 […]

Continue Reading

European Shares Poised For Positive Opening

European stocks are seen opening flat to slightly higher on Tuesday as investors bet on rising interest rates and bring forward expectations for Fed policy tightening. Fed Governor Lael Brainard said on Monday that labor-market conditions may “soon” warrant a reduction in the pace of the central bank’s bond purchases. New York Fed President John […]

Continue Reading

European Shares Set To Open Flat On Weak China Data

European stocks are seen opening largely unchanged on Tuesday as the global COVID-19 caseload surged past 217 million and official data showed China’s service industry shrank in August for the first time since the height of the pandemic earlier last year. Asian stocks traded mostly higher, though Chinese and Hong Kong markets fell after China […]

Continue Reading

European Shares Subdued Ahead Of Fed Meeting Minutes

European stocks were subdued on Wednesday amid worries about global growth as new coronavirus cases continued to surge worldwide. Investors also awaited the latest Federal Reserve minutes for clues on when the central bank might start tapering its massive asset purchases program. Fed Chair Jerome Powell said at a town hall meeting on Tuesday that […]

Continue Reading

European Shares Subdued On Virus Worries

European stocks were broadly lower on Tuesday as a spike in COVID-19 cases in Asia and elsewhere raised fears of a slowdown in global economic growth. Worries about tighter regulation in China and the fast-evolving situation in Afghanistan also dented sentiment. The pan-European Stoxx Europe 600 was marginally lower at 473, falling for a second […]

Continue Reading

European Shares Set For Softer Start

European stocks are seen opening lower on Tuesday as investors fret about downside risks to growth posed by the Delta variant of the coronavirus. Asian markets were mixed as the spread of the Delta variant from the mainland’s coast to China’s inland cities prompted authorities to implement strict counter epidemic measures. The seven-day average of […]

Continue Reading

European Shares Inch Higher On Economic Optimism

European stocks edged higher on Tuesday, as cyclicals gained ground on optimism around a steady economic recovery. Underlying sentiment was also underpinned after the European Commission said that its economic sentiment indicator increased sharply in June to hit a 21-year high, driven mainly by a strong increase in confidence in the services sector. Another survey […]

Continue Reading

European Shares Seen Subdued Amid Fed Worries

European stocks are set to open on a cautious note Monday as investors await more economic data and comments from central bank officials for clues about when both tapering and rate hikes might happen. The dollar held near multi-month highs against other major currencies as investors mull the implications of a surprise hawkish shift last […]

Continue Reading