European stock markets slipped Wednesday as stronger earnings from U.S. retailers Wal-Mart Stores Inc. and Home Depot Inc. failed to ease worries about slowing growth in China and elsewhere.
Investors also discounted a new round of deal making, after BHP Billiton’s hostile $38.5 billion all-cash takeover for Potash Corp. of Saskatchewan, which the Canadian company’s board [...]
Posts Tagged ‘european stocks’
European stocks down, growth fears offset earnings
August 18th, 2010 by Financial Writer
Tags: Dow Jones Industrial, economic indicators, economy recovery, european economy, european stocks, financial markets, housing market, stock market, wall street
more...European Stocks Drop On Doubts About Global Economy
August 11th, 2010 by Financial Writer
European stocks tumbled Wednesday, with weaker-than-expected U.S. and Chinese data and a downbeat outlook from the Federal Reserve raising doubts over the sustainability of the global recovery. The euro fell against the dollar, while gold and oil prices declined.
The Stoxx Europe 600 index closed down 2% at 254.68. The U.K.’s FTSE 100 index fell 2.4% [...]
Tags: Chinese economy, economic growth, economic recovery, european stocks, Federal Reserve, global recovery, stock market, us economy
Yen Drops Against Most Major Counterparts as Stock Gains Dim Haven Demand
August 9th, 2010 by Financial Writer
The yen fell against higher-yielding currencies including the Mexican peso and Australian dollar as stocks rose, reducing demand for a refuge.
The dollar advanced from almost a three-month low against the euro on concern the greenback’s recent drop would be hard to sustain. The U.S. currency declined 1.7 percent last week as investors speculated that a [...]
Tags: bank of america, bank of japan, commercial banks, economists, economy activity, european stocks, Federal Reserve, investors
Spanish Bond Auction Brings Strong Demand
June 17th, 2010 by Financial Writer
PARIS — The Spanish government sold €3.5 billion of bonds Thursday, the maximum set for the auction, easing investor worries that the country will struggle to make ends meet without outside help.
The successful sale, worth about $4.3 billion, helped push European stocks and the euro higher.
The yield on the benchmark 10-year Spanish note fell 5 [...]
Tags: business, economic recovery, euro zone, european economy, european stocks, financial markets, financial stocks, financial system, IMF, wall street
German Investor Sentiment Plunges on Debt Crisis
June 15th, 2010 by Financial Writer
German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy.
Greece’s near default has prompted governments from Berlin to Madrid to implement budget cuts to convince investors they can tame deficits, threatening to damp demand and hurt the region’s economic recovery. While [...]
Tags: business, debt crisis, economic recovery, euro zone, european central bank, european economy, european stocks, germany, investors, unemployment rate
Personal Spending Report Tempers U.S. Indexes
May 28th, 2010 by Financial Writer
American indexes opened lower on Friday, the last day of the month and the last before a three-day weekend.
In the United States, a mixed report on consumer spending and personal income tempered the open.
The Commerce Department reported that consumer spending was unchanged in April while personal incomes rose 0.4 percent. Both numbers were less than [...]
Tags: businesses, consumers, Dow Jones Industrial, economic recovery, euro zone, european stocks, financial markets, Global Economy, investors, stock market, U.S. markets, us economic, wall street
European Stocks Fall on Budget Deficit; Nokia Drops, RBS Gains
April 24th, 2010 by Financial Writer
April 24 (Bloomberg) — European stocks fell for a second week as the euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland, offsetting better-than-expected results from companies including Ericsson AB and Volvo AB.
Greek banks sank as Moody’s Investors Service cut Greece’s sovereign [...]
Tags: dow jones, euro, european economy, european markets, european stocks, european union, financial, financial markets, Global Economy, IMF, investors
European Stocks Retreat as Greek Credit-Default Swaps Surge
April 21st, 2010 by Financial Writer
European stocks declined for the third time in four days, led by Greek, Spanish and Portuguese shares, as the cost of insuring against Greece defaulting on its debt surged to a record.
Alpha Bank SA, Greece’s third-largest lender, Banco Santander SA and Banco Espirito Santo SA all dropped more than 2 percent as credit-default swaps on [...]
Tags: banks, european economy, european markets, european stocks, financial, fiscal crisis, investors, stock market
European stocks fall on eve of key US jobs data
January 7th, 2010 by Financial Writer
Europe’s leading stock markets dropped on Thursday, the eve of major US jobs figures, and as British investors awaited the Bank of England’s latest decision on interest rates.
London’s benchmark FTSE 100 index fell by 0.29 percent to stand at 5,514.37 points in late morning deals.
Frankfurt’s DAX 30 shed 0.83 percent to 5,984.19 points and in [...]
Tags: british investors, commercial banks, european stocks, leading stock, us jobs, wall street stocks
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