European stocks climb as China’s GDP grows as expected; Stoxx 600 hits record high; Casino down 12%

European stocks advanced on Friday after China’s GDP (gross domestic product) numbers grew in line with expectations, lifting global markets. The pan-European Stoxx 600 added 0.7% in early trade to reach a fresh record high, basic resources jumping 1.2% to lead gains as all sectors and major bourses traded in positive territory. Markets in Asia rose on Friday in response to the figures, with Hong Kong’s Hang Seng index adding 0.5% to lead gains. A strong handover from Wall Street, which saw the


European stocks advanced on Friday after China’s GDP (gross domestic product) numbers grew in line with expectations, lifting global markets.
The pan-European Stoxx 600 added 0.7% in early trade to reach a fresh record high, basic resources jumping 1.2% to lead gains as all sectors and major bourses traded in positive territory.
Markets in Asia rose on Friday in response to the figures, with Hong Kong’s Hang Seng index adding 0.5% to lead gains.
A strong handover from Wall Street, which saw the
European stocks climb as China’s GDP grows as expected; Stoxx 600 hits record high; Casino down 12% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: elliot smith
Keywords: news, cnbc, companies, grew, trade, sales, high, stoxx, climb, hong, european, major, lead, strong, hits, positive, gdp, expected, record, stocks, grows, richemont


European stocks climb as China's GDP grows as expected; Stoxx 600 hits record high; Casino down 12%

European stocks advanced on Friday after China’s GDP (gross domestic product) numbers grew in line with expectations, lifting global markets.

The pan-European Stoxx 600 added 0.7% in early trade to reach a fresh record high, basic resources jumping 1.2% to lead gains as all sectors and major bourses traded in positive territory.

The world’s second-largest economy grew by 6.1% in 2019, its slowest in 29 years but meeting analyst expectations even amid the protracted trade war with the U.S., which reached a truce this week after Washington and Beijing signed an initial “phase one” trade deal.

Markets in Asia rose on Friday in response to the figures, with Hong Kong’s Hang Seng index adding 0.5% to lead gains. A strong handover from Wall Street, which saw the S&P 500 hit record highs on Thursday following a host of strong earnings reports from major banks, also offered positive momentum.

In corporate news, Swiss luxury goods giant Richemont on Friday reported a slowdown in sales growth as political unrest in Hong Kong weighed on its fourth-quarter turnover. Richemont shares climbed 4.9% in early trade.

Volkswagen CEO Herbert Diess said on Thursday that the German carmaker must accelerate urgent reforms to its business in order to avoid the same fate as Nokia, which relinquished its handset market dominance to Apple, Reuters reported.

Investors will also be monitoring key December inflation data and November construction output figures out of the euro area, due at 10 a.m. London time on Friday. U.K. retail sales are due at 9:30 a.m.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: elliot smith
Keywords: news, cnbc, companies, grew, trade, sales, high, stoxx, climb, hong, european, major, lead, strong, hits, positive, gdp, expected, record, stocks, grows, richemont


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Under 5% of Europe’s top companies have a female CEO, study finds

Just 4.7% of CEOs at Europe’s top companies were women in 2019, new research has claimed. That meant just 28 of the continent’s 600 most valuable public companies had hired a female chief executive. In a report published Wednesday by the EU-backed European Women on Boards (EWOB), researchers analyzed public data from companies listed on Europe’s Stoxx 600 index, which is comprised of the 600 highest-valued public firms in Europe. According to the report, just one in four leadership positions wer


Just 4.7% of CEOs at Europe’s top companies were women in 2019, new research has claimed.
That meant just 28 of the continent’s 600 most valuable public companies had hired a female chief executive.
In a report published Wednesday by the EU-backed European Women on Boards (EWOB), researchers analyzed public data from companies listed on Europe’s Stoxx 600 index, which is comprised of the 600 highest-valued public firms in Europe.
According to the report, just one in four leadership positions wer
Under 5% of Europe’s top companies have a female CEO, study finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: chloe taylor
Keywords: news, cnbc, companies, stoxx, europes, finds, companies, firms, 600, public, study, female, women, overall, share, ceo


Under 5% of Europe's top companies have a female CEO, study finds

Just 4.7% of CEOs at Europe’s top companies were women in 2019, new research has claimed.

That meant just 28 of the continent’s 600 most valuable public companies had hired a female chief executive.

In a report published Wednesday by the EU-backed European Women on Boards (EWOB), researchers analyzed public data from companies listed on Europe’s Stoxx 600 index, which is comprised of the 600 highest-valued public firms in Europe. Businesses from 17 countries were included in the analysis.

The study gave each company an overall score based on four core metrics: the overall share of women in leadership, the share of women on the board, the share of women at executive level, and the share of women on corporate committees.

According to the report, just one in four leadership positions were held by women, while only one third of board members across Stoxx 600 companies were female.

Just 16% of executives at Europe’s top firms were women, the data showed, with just 30 of the firms in the study close to achieving gender-balanced leadership.

Companies from Norway, France and Sweden were the closest to having gender-balanced governance, the study found. Seven of the top 20 companies in EWOB’s index were French, while five were Swedish.

At the other end of the scale were Swiss firms, with half of the 20 lowest-ranked companies hailing from Switzerland. Companies from Luxembourg, Spain and Germany also received low overall scores.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: chloe taylor
Keywords: news, cnbc, companies, stoxx, europes, finds, companies, firms, 600, public, study, female, women, overall, share, ceo


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European stocks climb as ‘phase one’ trade deal boosts sentiment; Stoxx 600 hits record high

European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets. The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high. Banks and financial services stocks climbed 1.4% and 1.5% respectively. Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war. U.K. flash readings showed th


European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets.
The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high.
Banks and financial services stocks climbed 1.4% and 1.5% respectively.
Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.
U.K. flash readings showed th
European stocks climb as ‘phase one’ trade deal boosts sentiment; Stoxx 600 hits record high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: elliot smith
Keywords: news, cnbc, companies, record, european, phase, sectors, forward, service, sentiment, pmi, stoxx, services, deal, hits, high, manufacturing, trade, stocks


European stocks climb as 'phase one' trade deal boosts sentiment; Stoxx 600 hits record high

European stocks traded higher Monday after the U.S. and China agreed a ‘phase one’ trade deal, offering some optimism for risk assets.

The pan-European Stoxx 600 added 1.1% by mid-morning to surpass 416.6 and hit an all-time high. Basic resources led the way with 2.3% gains as all sectors and major bourses entered positive territory. Banks and financial services stocks climbed 1.4% and 1.5% respectively.

Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.

However, questions have been raised by market participants over some details of the deal which remain hazy, notably the scale of agricultural purchases and the prospect of China balancing bilateral trade flows.

U.S. Treasury Secretary Steven Mnuchin told CNBC on Saturday that the deal would be signed in early January and that phase two may then be negotiated in stages.

Asian stocks were mixed Monday with mainland Chinese stocks jumping on the back of better-than-expected industrial output data, while indexes in Japan and Hong Kong edged downwards.

Back in Europe, British Prime Minister Boris Johnson will welcome 109 new Conservative lawmakers to parliament on Monday, promising to move forward swiftly with Brexit and to increase funding to the National Health Service (NHS).

In corporate news, Reuters reported Sunday that China’s BAIC plans to double its stake in German automaker Daimler in a bid to win a board seat and challenge rival Geely.

On the data front, IHS Markit euro zone flash composite PMI estimates for December was recorded in line with expectations at 50.6, with service sector outperformance offsetting more disappointing manufacturing numbers.

Manufacturing PMIs came in at 45.9 against a forecast of 47.3, down from 46.9 in November.

U.K. flash readings showed that both the services and manufacturing sectors had declined more sharply than expected in December. Composite PMI came in at 48.5, its lowest level since mid-2016, suggesting the world’s fifth-largest economy is on course to contract in the fourth quarter


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: elliot smith
Keywords: news, cnbc, companies, record, european, phase, sectors, forward, service, sentiment, pmi, stoxx, services, deal, hits, high, manufacturing, trade, stocks


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European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

European markets traded lower on Friday amid strained relations between the U.S. and China over protests in Hong Kong. Sentiment was dampened by a recent escalation in tensions between Washington and Beijing after U.S. President Donald Trump signed legislation in support of the Hong Kong protesters. Back in Europe, French President Emmanuel Macron renewed his criticism of NATO Thursday, defending his claim the military alliance was suffering a “brain death.” British online supermarket Ocado was


European markets traded lower on Friday amid strained relations between the U.S. and China over protests in Hong Kong.
Sentiment was dampened by a recent escalation in tensions between Washington and Beijing after U.S. President Donald Trump signed legislation in support of the Hong Kong protesters.
Back in Europe, French President Emmanuel Macron renewed his criticism of NATO Thursday, defending his claim the military alliance was suffering a “brain death.”
British online supermarket Ocado was
European markets decline amid US-China tensions over Hong Kong; Ocado up 14% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, markets, trade, hong, amid, stock, nato, largest, decline, trump, kong, european, meet, uschina, ocado, stoxx, president, tensions


European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

European markets traded lower on Friday amid strained relations between the U.S. and China over protests in Hong Kong.

The pan-European Stoxx 600 fell 0.4% in early deals, with basic resources shedding 0.9% to lead losses while utilities climbed 0.3% as one of only two sectors trading in positive territory.

Sentiment was dampened by a recent escalation in tensions between Washington and Beijing after U.S. President Donald Trump signed legislation in support of the Hong Kong protesters. China’s foreign ministry responded, claiming the U.S. had “sinister intentions.”

Shares in Asia fell on concerns that the news could lessen the chances of the world’s two largest economies reaching an initial “phase one” trade deal. MSCI’s broadest index of Asia-Pacific shares excluding Japan sank 1%.

Back in Europe, French President Emmanuel Macron renewed his criticism of NATO Thursday, defending his claim the military alliance was suffering a “brain death.”

Next week will be a busy one in geopolitics, with NATO due to meet for its 2019 summit and Trump set to meet Queen Elizabeth II in London.

In terms of data, U.K. figures released Friday showed consumer confidence remained stuck at its lowest level since 2013 in November, amid uncertainty over the Dec. 12 general election.

Meanwhile, French GDP grew by 0.3% in the third quarter, in line with preliminary estimates.

British online supermarket Ocado was the largest individual stock mover, jumping 13.8% in early trade after it entered the Asian market by signing a tech partnership with Japan’s Aeon.

At the other end of the Stoxx 600, Sweden’s Aak slid 6.2% while U.K. financial advice group St. James’s Place saw its stock fall 5.4%.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, markets, trade, hong, amid, stock, nato, largest, decline, trump, kong, european, meet, uschina, ocado, stoxx, president, tensions


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European stocks touch 4-year high as Trump says US, China close to a trade deal; Altran shares higher

The pan-European Stoxx 600 added just over 0.1% in early trade, basic resources leading the way with 0.8% gains while travel and leisure stocks slid 0.4% lower. The European blue chip index notched a four-year high at the start of the session. In Asia, markets climbed on the back of optimism around trade, with the MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.2%. In corporate news, Reuters reports that Lufthansa is in final talks to complete the sale of its European catering op


The pan-European Stoxx 600 added just over 0.1% in early trade, basic resources leading the way with 0.8% gains while travel and leisure stocks slid 0.4% lower.
The European blue chip index notched a four-year high at the start of the session.
In Asia, markets climbed on the back of optimism around trade, with the MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.2%.
In corporate news, Reuters reports that Lufthansa is in final talks to complete the sale of its European catering op
European stocks touch 4-year high as Trump says US, China close to a trade deal; Altran shares higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, deal, trump, trade, shares, stoxx, political, stocks, high, close, index, touch, party, european, talks, group, slid, higher


European stocks touch 4-year high as Trump says US, China close to a trade deal; Altran shares higher

The pan-European Stoxx 600 added just over 0.1% in early trade, basic resources leading the way with 0.8% gains while travel and leisure stocks slid 0.4% lower. The European blue chip index notched a four-year high at the start of the session.

President Donald Trump on Tuesday said that Washington and Beijing were in the “final throes” of talks aimed at securing a trade deal, though the U.S. leader also expressed his administration’s support for protesters in Hong Kong, a particularly thorny issue for China at the moment.

Stocks stateside closed at record highs following Trump’s comments. In Asia, markets climbed on the back of optimism around trade, with the MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.2%.

Back in Europe, market participants kept a close watch on the latest political developments out of the U.K., as the country heads for a fresh set of elections on Dec. 12.

Britain’s two main political parties have become embroiled in a debate over religious prejudice. The opposition Labour party was accused by the chief rabbi of failing to tackle anti-Semitism seriously, while a Muslim group said the ruling Conservative party has an Islamophobia problem.

In corporate news, Reuters reports that Lufthansa is in final talks to complete the sale of its European catering operations to Swiss firm Gategroup.

As for data, fresh figures showed that Chinese industrial profits dropped for a third consecutive month in October. In Europe, French consumer confidence data is due later Wednesday morning.

In terms of individual stocks, both Interpump Group and Wartsila shares climbed more than 3% in early trade to lead the Stoxx 600, while Knorr Bremse stock slid 3.8% after the German brake system manufacturer reported disappointing results before the bell.

Altran shares edged 0.3% higher after activist hedge fund Elliott said Capgemini’s 3.6 billion euro ($3.96 billion) offer for the French engineering group was too low.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, deal, trump, trade, shares, stoxx, political, stocks, high, close, index, touch, party, european, talks, group, slid, higher


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European stocks advance as investors track trade and key euro zone data

European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions. The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced. Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%. French, German and euro zone manufacturing and services PMI (purchasi


European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions.
The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced.
Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%.
French, German and euro zone manufacturing and services PMI (purchasi
European stocks advance as investors track trade and key euro zone data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: elliot smith
Keywords: news, cnbc, companies, stoxx, advance, despite, key, track, china, data, investors, shenzhen, trade, zone, stocks, morning, euro, mixed, european, beijing, composite


European stocks advance as investors track trade and key euro zone data

European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions.

The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced.

Against the backdrop of ongoing trade negotiations, tensions between the world’s two largest economies have come under strain this week over a U.S. bill supporting Hong Kong protesters, while U.S. Navy warships twice sailed near islands in the South China Sea over the past few days, further angering Beijing.

The Wall Street Journal reported Thursday that Chinese Vice Premier Liu He had invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing for further talks.

China’s Ministry of Commerce spokesman Gao Feng said on Thursday that China is willing to work toward an agreement despite reports of pessimism in Beijing over President Donald Trump’s refusal to roll back existing tariffs.

Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%.

Back in Europe, U.K. stocks and the pound were driven lower Thursday after the main opposition Labour Party launched its election manifesto, featuring a promise to raise taxes on corporations and re-nationalize infrastructure groups.

Germany avoided a recession in the third quarter as GDP (gross domestic product) expanded by 0.1%on the back of a 1% increase in exports, official statistics published Friday morning revealed.

French, German and euro zone manufacturing and services PMI (purchasing managers’ index) figures for November are all scheduled for release during morning trade.

In terms of individual stocks, Edenred slid 5.4% after the British payment solutions provider announced that it had suffered a malware infection.

Micro Focus shares added 2.2% to lead the Stoxx 600 in the absence of any particularly strong gains at the start of the session.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: elliot smith
Keywords: news, cnbc, companies, stoxx, advance, despite, key, track, china, data, investors, shenzhen, trade, zone, stocks, morning, euro, mixed, european, beijing, composite


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European markets trade mixed amid Brexit uncertainty

The pan-European Stoxx 600 hovered around the flatline during early trade, with sectors and major bourses pointing in opposite directions. European markets traded mixed on Friday morning, as investors monitored Brexit uncertainty and awaited a fresh batch of economic data. Market focus is largely attuned to global trade developments, after the U.S. and China agreed to hold high-level talks in early October. The news raised hopes that the world’s two largest economies could soon make substantial


The pan-European Stoxx 600 hovered around the flatline during early trade, with sectors and major bourses pointing in opposite directions. European markets traded mixed on Friday morning, as investors monitored Brexit uncertainty and awaited a fresh batch of economic data. Market focus is largely attuned to global trade developments, after the U.S. and China agreed to hold high-level talks in early October. The news raised hopes that the world’s two largest economies could soon make substantial
European markets trade mixed amid Brexit uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, data, announced, mixed, worlds, uncertainty, economic, amid, european, shares, brexit, stoxx, markets, trade, talks, early


European markets trade mixed amid Brexit uncertainty

The pan-European Stoxx 600 hovered around the flatline during early trade, with sectors and major bourses pointing in opposite directions.

European markets traded mixed on Friday morning, as investors monitored Brexit uncertainty and awaited a fresh batch of economic data.

Market focus is largely attuned to global trade developments, after the U.S. and China agreed to hold high-level talks in early October.

The news raised hopes that the world’s two largest economies could soon make substantial progress in de-escalating their protracted trade dispute.

Risk sentiment was also helped by upbeat U.S. economic data on Thursday. U.S. private payrolls increased at their fastest pace in four months in August, according to ADP. The numbers came amid speculation that the decade-long economic expansion is coming to an end.

The New York Federal Reserve puts the chance of a recession at 39% in the next 12 months, the highest level since the Great Recession that ended in mid-2009.

Back in Europe, market participants continue to monitor political uncertainty in Britain, with 55 days to go until the world’s fifth-largest economy is scheduled to leave the European Union.

On Thursday, British Prime Minister Boris Johnson was dealt a blow when his brother, Jo Johnson, announced he was quitting the cabinet, citing “unresolvable tension” between his family loyalty and the national interest.

Sterling hovered close to a six-week peak of $1.2353 Friday morning, amid hopes Britain could avoid departing the EU without a deal. The U.K. currency had fallen to a three-year low earlier in the week, after the new prime minister stoked fears of a so-called “no-deal” Brexit.

On the data front, monthly German industrial output figures will be released at around 7 a.m. London time.

A final reading of euro zone employment data and revised quarter-on-quarter GDP (gross domestic product) figures will follow slightly later in the session.

Looking at individual stocks, Danish jewelry maker Pandora’s shares gained 2.4% to top the Stoxx 600 during early deals. The company recently announced that it would undergo a complete rebrand in a bid to boost sales.

At the other end of the European index was Norwegian telecoms firm Telenor. Shares of the company were down 6% after it was announced that talks with Malaysia’s Axiata about a potential joint venture had ended without a deal.


Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, data, announced, mixed, worlds, uncertainty, economic, amid, european, shares, brexit, stoxx, markets, trade, talks, early


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European stocks close higher on signs of trade war easing; Italy stock falls; Deutsche Wohnen up 9%

European stocks closed higher on Friday after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit. The pan-European Stoxx 600 ended the session 0.6% higher, with almost every sector in positive territory and China-exposed basic resources stocks jumping 2.5%. However, Friday’s rally marked the end of a volatile month for European stocks. Bucking Friday’s trend were Italian stocks, w


European stocks closed higher on Friday after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit. The pan-European Stoxx 600 ended the session 0.6% higher, with almost every sector in positive territory and China-exposed basic resources stocks jumping 2.5%. However, Friday’s rally marked the end of a volatile month for European stocks. Bucking Friday’s trend were Italian stocks, w
European stocks close higher on signs of trade war easing; Italy stock falls; Deutsche Wohnen up 9% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: chloe taylor elliot smith, chloe taylor, elliot smith
Keywords: news, cnbc, companies, italy, war, stock, wohnen, stocks, trigger, stoxx, party, political, parliament, higher, european, opposition, signs, trade, falls


European stocks close higher on signs of trade war easing; Italy stock falls; Deutsche Wohnen up 9%

European stocks closed higher on Friday after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit.

The pan-European Stoxx 600 ended the session 0.6% higher, with almost every sector in positive territory and China-exposed basic resources stocks jumping 2.5%.

However, Friday’s rally marked the end of a volatile month for European stocks. Britain’s FTSE 100 index, which was up 0.3% at the closing bell, was down 5.3% in August in its worst monthly fall since August 2015.

Bucking Friday’s trend were Italian stocks, which fell on the back of new political developments in the country. Luigi Di Maio, leader of Italy’s Five-Star Movement, said on Friday his party would only enter a coalition with opposition PD if it agreed to a string of policy demands, denting hopes that some political stability would soon be restored in Rome.

Italy’s FTSE MIB was more than 0.3% lower during afternoon deals, with Banco BPM slumping to the bottom of the Stoxx 600 on a 3% loss.

More broadly, stocks worldwide are experiencing a reprieve after the Chinese Ministry of Commerce on Thursday indicated that it would not escalate the trade war with Washington, urging negotiation and collaboration in pursuit of a “calm” resolution.

Stocks on Wall Street turned negative on Friday, erasing earlier gains, with the Nasdaq shedding 0.4% in late morning trade.

Back in Europe, investors continued to monitor the fallout from U.K. Prime Minister Boris Johnson’s suspension of parliament. The main opposition Labour party said on Thursday that it would trigger an emergency debate in parliament next week, in a bid to stop Johnson taking Britain out of the European Union without a withdrawal deal on October 31.

The no-deal scenario is widely opposed in the British parliament, and the elevated risk of it becoming reality has sent sterling lower.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: chloe taylor elliot smith, chloe taylor, elliot smith
Keywords: news, cnbc, companies, italy, war, stock, wohnen, stocks, trigger, stoxx, party, political, parliament, higher, european, opposition, signs, trade, falls


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Europe stocks higher as calm returns to markets following Treasury yield inversion; FTSE fails to open

European markets moved higher on Friday morning as investors monitor Treasury yields for clues on a possible recession. The pan-European Stoxx 600 was up by 0.7% shortly after the opening bell, with every sector moving higher. London’s FTSE 100 index failed to open at the start of the European trading on Friday.The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue, according to Reuters.


European markets moved higher on Friday morning as investors monitor Treasury yields for clues on a possible recession. The pan-European Stoxx 600 was up by 0.7% shortly after the opening bell, with every sector moving higher. London’s FTSE 100 index failed to open at the start of the European trading on Friday.The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue, according to Reuters.
Europe stocks higher as calm returns to markets following Treasury yield inversion; FTSE fails to open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: silvia amaro, chloe taylor
Keywords: news, cnbc, companies, markets, stock, returns, ftse, treasury, following, open, european, stoxx, services, sector, higher, yields, stocks, shortly, start, inversion, yield, trading


Europe stocks higher as calm returns to markets following Treasury yield inversion; FTSE fails to open

European markets moved higher on Friday morning as investors monitor Treasury yields for clues on a possible recession.

The pan-European Stoxx 600 was up by 0.7% shortly after the opening bell, with every sector moving higher.

London’s FTSE 100 index failed to open at the start of the European trading on Friday.The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue, according to Reuters.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: silvia amaro, chloe taylor
Keywords: news, cnbc, companies, markets, stock, returns, ftse, treasury, following, open, european, stoxx, services, sector, higher, yields, stocks, shortly, start, inversion, yield, trading


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European stocks close lower amid trade war worries; Tullow Oil up 20%

Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers. Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news. Meanwhile, Tullow Oil


Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers. Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news. Meanwhile, Tullow Oil
European stocks close lower amid trade war worries; Tullow Oil up 20% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: elliot smith
Keywords: news, cnbc, companies, tullow, peso, close, amid, lower, set, european, osram, shares, worries, chinese, war, stoxx, president, trade, oil, stocks, talks


European stocks close lower amid trade war worries; Tullow Oil up 20%

The pan-European Stoxx 600 closed provisionally down nearly 0.3%. The index had posted an almost 1% gain earlier in the session. Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers.

The People’s Bank of China set the official midpoint reference for its yuan currency at 7.0211 per dollar on Monday, exceeding the psychological barrier of 7 per dollar for the third consecutive session.

Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet.

On Wall Street, stocks fell as investor sentiment was knocked by concerns around slowing global economic growth. Goldman Sachs said on Sunday that fears of a recession as a result of the trade war are increasing, and the investment bank no longer expects a trade deal before the 2020 U.S. presidential election.

Elsewhere, the Argentinian peso sold off steeply Monday after the country’s center-right President Mauricio Macri performed poorly in primary elections.

Macri lost by a far greater margin than expected on Sunday, early official results showed, casting serious doubt over the incumbent’s re-election chances in October. The peso slipped more than 30% at one stage to a record low as traders demanded 65 to the U.S. dollar.

Hong Kong was also in focus as tensions between Chinese authorities and protesters escalated. Hong Kong International Airport, one of the world’s busiest terminals, was forced to cancel all departures on Monday amid mass disruption due to anti-government protests.

Back in Europe, Trump’s national security advisor John Bolton arrived in London Sunday for talks where he is expected to urge Britain to take a tougher stance on Iran and Chinese telecommunications firm Huawei.

Investors will also have an eye on political developments in Italy after Deputy Prime Minister Matteo Salvini’s Lega party filed a no-confidence motion to bring down the government on Friday.

In corporate news, Apple supplier AMS said Sunday that it has made an all-cash takeover offer of 38.5 euros ($43.15) per share for German lighting group Osram Licht. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news.

Meanwhile, Tullow Oil shares surged 20% to lead the Stoxx 600 after it announced a major oil discovery in Guyana.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: elliot smith
Keywords: news, cnbc, companies, tullow, peso, close, amid, lower, set, european, osram, shares, worries, chinese, war, stoxx, president, trade, oil, stocks, talks


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