European equities decline on lower credit rating for Greece

European equities markets were lower Monday as banks declined on Standard & Poor’s move to cut Greece’s credit rating from B to BB minus. The FTSE 100 was down 0.57 percent to 5,942.69 in London, while the FTSE 250 dropped 0.09 percent to 11,896.1 as banks dropped, the utilities sector was mostly lower, airlines and [...]
European markets mixed as Asia declines and US sees gains

European equities markets were mixed Friday on a gain in consumer confidence, but gains in some markets were held back as new data from China showed that inflation was up more than expected there last month and as Moody’s Investors Service cut its rating on Ireland’s bonds by two notches and issued a negative outlook [...]
European equities mostly higher on US economic news

Most European equities markets saw gains Friday on a US Commerce Department report revising last year’s fourth quarter growth up, with the new data showing that the US economy grew by 3.1 percent in the quarter rather than its earlier estimate of 2.8 percent growth. The FTSE 100 added 0.34 percent to 5,900.76 in London, [...]
Taiex gains on opposition win in parliamentary elections

Most Asia-Pacific equities markets were lower Monday on continuing worries that the US economy is headed for a recession. The main exceptions were the Shanghai Composite and Taiwan’s Taiex index. The Taiex added 1.79 percent to 8,173.41 after the opposition party managed a big win in parliamentary elections. The Kuomintang party, which promotes closer ties [...]
Hang Seng drops almost 4 percent on China reports

Asia-Pacific region equities markets were down Monday on the expectation that banks will report further losses due to exposure to the US subprime mortgage crisis. The biggest loss among major indices came in Hong Kong, where the Hang Seng dropped 3.88 percent to 27,665.73, a loss of 1,117.68 points on the session. The decline there [...]
Dow down 1.18 percent at midday

Wall Street was significantly lower in midday trade on Friday after Wachovia (NYSE: WB) fed concerns about the credit crisis when it said it could write down as much as $1.1 billion just in October. The Dow Jones Industrial Average was 1.18 percent lower to 13,109.48 while the Nasdaq Composite had dropped 2.1 percent to [...]
Hang Seng closes above 30,000 level

Asia-Pacific stocks were higher Friday. In Hong Kong, the Hang Seng index added 1.84 percent to 30,405.22, closing over 30,000 for the first time and setting a new closing record after rising to 30,562.63 during the session for an all-time intra-day high. Meanwhile in South Korea the Kopsi index gained 2.6 percent to 3,038.06 for [...]
Telecoms see gains in Europe

Europe’s markets saw gains on Thursday. The FTSE Eurofirst 300 was up 1 percent to 1,565.18. Madrid’s IBEX added 1.02 percent to 15,386, while the Dax gained 1.32 percent to 7,932.44 and the Paris CAC-40 jumped 1.51 percent to 5,760.3. Telecommunications utilities did well on the day after France Telecom (Euronext: FTE; NYSE: FTE) reported [...]
European car, truck makers gain on bids rumors

European markets were mixed Thursday, with more losers than gainers. The gainer was Madrid’s IBEX, which added 0.5 percent to 15,507.1. Elsewhere, the pan-European FTSE Eurofirst 300 was down 0.78 percent to 1,572.92. In Frankfurt, the Dax dropped 0.8 percent to 7,921.4. The Paris CAC-40 fell 0.89 percent to 5,767.24. Truck maker Man (FWB: EDF1) [...]
European markets mixed to end week

Europe’s equities markets were mixed Friday. The Dax added 0.09 percent to 8,041.26 in Frankfurt, while Madrid’s IBEX jumped 1.07 percent to 15,261.3. On the other hand, the FTSE Eurofirst 300 was 0.08 percent lower to 1,598.14 while the Paris CAC-40 dropped 0.32 percent to 5,843.95. EADS (Euronext: EAD; FWB: EAD) did the best on [...]