european Archive

  • Equity markets in positive territory as trading officially gets underway 18 Sept - FTSE +0.4% In China the SCI closed up 0.3%, CS1300 Index also +0.3%

    European equity markets open firmer 18 Sept

    Equity markets in positive territory as trading officially gets underway 18 Sept - FTSE +0.4% In China the SCI closed up 0.3%, CS1300 Index also +0.3%
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  • Positive tones as we wait on official openings 18 Sept - DAX futures +0.45% - CAC40 +0.2% - FTSE +0.4% German bund futures open +7 at 161.26 In Australia the S&P/ASX200 closed up 0.52% at 5724.20

    Eurostoxx 50 futures up +0.5% in early European trading

    Positive tones as we wait on official openings 18 Sept - DAX futures +0.45% - CAC40 +0.2% - FTSE +0.4% German bund futures open +7 at 161.26 In Australia the S&P/ASX200 closed up 0.52% at 5724.20
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  • European Economics Preview: Eurozone Final Inflation Data Due Final inflation data from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Austria's consumer price data is due for August. Inflation was at 2 percent in July. At 4.00 am ET, Italy's Istat publishes foreign trade data for July. The trade surplus totaled EUR 4.5 billion in June. At 5.00 am ET, Eurostat is slated to release euro area final inflation figures. Inflation is seen at 1.5 percent in August, in line with the flash estimate.

    European Economics Preview: Eurozone Final Inflation Data Due

    European Economics Preview: Eurozone Final Inflation Data Due Final inflation data from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Austria's consumer price data is due for August. Inflation was at 2 percent in July. At 4.00 am ET, Italy's Istat publishes foreign trade data for July. The trade surplus totaled EUR 4.5 billion in June. At 5.00 am ET, Eurostat is slated to release euro area final inflation figures. Inflation is seen at 1.5 percent in August, in line with the flash estimate.
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  • Negative signs today The European major stock indices are ending with negative signs. The UK FTSE was the dog (once again). The stock market does not take well to the sharply higher GBP as a result of the more hawkish BOE/Carney.

    Not a great ending to the week for European stocks. UK FTSE the dog again

    Negative signs today The European major stock indices are ending with negative signs. The UK FTSE was the dog (once again). The stock market does not take well to the sharply higher GBP as a result of the more hawkish BOE/Carney.
    Read More
  • Negative signs today The European major stock indices are ending with negative signs. The UK FTSE was the dog (once again). The stock market does not take well to the sharply higher GBP as a result of the more hawkish BOE/Carney.

    Not a great ending to the week for European stocks. UK FTSE the dog again

    Negative signs today The European major stock indices are ending with negative signs. The UK FTSE was the dog (once again). The stock market does not take well to the sharply higher GBP as a result of the more hawkish BOE/Carney.
    Read More
  • Dollar Battered By European Rivals The dollar weakened versus European rivals but edged higher against the yen Friday, as traders weighed a slew of U.S. economic data. The dollar slumped to $1.20 versus the euro before finding its feet near $1.1925. Losses were more pronounced versus the sterling, as the dollar dropped to $1.3570. Versus the yen, the buck improved to Y110. U.S. retail sales dipped by 0.2 percent in August after rising by a downwardly revised 0.3 percent in July. Economists had expected retail sales to inch up by 0.1 percent compared to the 0.6 percent increase originally reported for the previous month. With Hurricane Harvey negatively impacting output, the Federal Reserve released a report on Friday unexpectedly showing a notable decline in U.S. industrial production in the month of August. The report said industrial production slumped by 0.9 percent in August after climbing by an upwardly revised 0.4 percent in July. Activity in the New York manufacturing..

    Dollar Battered By European Rivals

    Dollar Battered By European Rivals The dollar weakened versus European rivals but edged higher against the yen Friday, as traders weighed a slew of U.S. economic data. The dollar slumped to $1.20 versus the euro before finding its feet near $1.1925. Losses were more pronounced versus the sterling, as the dollar dropped to $1.3570. Versus the yen, the buck improved to Y110. U.S. retail sales dipped by 0.2 percent in August after rising by a downwardly revised 0.3 percent in July. Economists had expected retail sales to inch up by 0.1 percent compared to the 0.6 percent increase originally reported for the previous month. With Hurricane Harvey negatively impacting output, the Federal Reserve released a report on Friday unexpectedly showing a notable decline in U.S. industrial production in the month of August. The report said industrial production slumped by 0.9 percent in August after climbing by an upwardly revised 0.4 percent in July. Activity in the New York manufacturing..
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  • South Korean electronics giant LG Electronics has lost its final appeal against a giant price-fixing fine imposed by the European Union and will pay more than EUR 540 million (roughly Rs. , it said Friday.In 2012 the European Commission hit seven top television and computer screen makers with fines totalling EUR 1.5 billion for running decade-long price-fixing cartels for cathode ray tubes (CRTs).The biggest penalty of EUR one billion was applied to LG Electronics and Philips of the Netherlands, who operated a joint venture.They appealed against the punishment all the way up to the European Court of Justice, but LG Electronics said in a public disclosure statement Friday that it had ruled against the firm."The amount of fines confirmed at the appeals court is EUR 541,112,808 including accumulated interest."It will pay the money - equivalent to nearly $650 million - within a week, it added.The sum amounted to 5.47 percent of its assets, but in a separate statement, it added: "Whil..

    LG Loses European Appeal Against EUR 541 Million Price-Fixing Fine

    South Korean electronics giant LG Electronics has lost its final appeal against a giant price-fixing fine imposed by the European Union and will pay more than EUR 540 million (roughly Rs. , it said Friday.In 2012 the European Commission hit seven top television and computer screen makers with fines totalling EUR 1.5 billion for running decade-long price-fixing cartels for cathode ray tubes (CRTs).The biggest penalty of EUR one billion was applied to LG Electronics and Philips of the Netherlands, who operated a joint venture.They appealed against the punishment all the way up to the European Court of Justice, but LG Electronics said in a public disclosure statement Friday that it had ruled against the firm."The amount of fines confirmed at the appeals court is EUR 541,112,808 including accumulated interest."It will pay the money - equivalent to nearly $650 million - within a week, it added.The sum amounted to 5.47 percent of its assets, but in a separate statement, it added: "Whil..
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  • GBP going out strong, UK bond yields are higher and that is hurting the UK FTSE As the London/European traders look to exit for the day, major stock indices are going out mixed, yields are little changed but that comes with an asterisk to anything out of the UK. The BOE was more hawkish in their

    European stocks mixed. Bond yields a higher as traders look to exit

    GBP going out strong, UK bond yields are higher and that is hurting the UK FTSE As the London/European traders look to exit for the day, major stock indices are going out mixed, yields are little changed but that comes with an asterisk to anything out of the UK. The BOE was more hawkish in their
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  • Softer equity tones as markets officially get underway 14 Sept - FTSE -0.1% - DAX -0.3% - CAC40 -0.2% - FTMIB -0.1% - IBEX -0.2% In China the SCI closes down 0.4% and CS1300 Index closes -0.3%

    European equity markets open lower 14 Sept

    Softer equity tones as markets officially get underway 14 Sept - FTSE -0.1% - DAX -0.3% - CAC40 -0.2% - FTMIB -0.1% - IBEX -0.2% In China the SCI closes down 0.4% and CS1300 Index closes -0.3%
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  • European Economics Preview: Bank Of England Rate Decision Due Interest rate announcement from the Bank of England is due on Thursday. The Swiss National Bank is also set to announce its monetary policy assessment. The BoE is widely expected to keep its interest rate at a record low 0.25 percent and asset purchase plan unchanged at GBP 435 billion. At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations for August. Sales had increased 2.1 percent in July. In the meantime, Statistics Finland publishes consumer price data. At 2.45 am ET, France's final inflation data is due. Final inflation for August is seen at 0.9 percent, unchanged from preliminary estimate. At 3.30 am ET, the Swiss National Bank is set to publish the outcome of its monetary policy meeting. The bank is expected to hold the interest rate on sight deposits at -0.75 percent and the target range for the three-month Libor between -..

    European Economics Preview: Bank Of England Rate Decision Due

    European Economics Preview: Bank Of England Rate Decision Due Interest rate announcement from the Bank of England is due on Thursday. The Swiss National Bank is also set to announce its monetary policy assessment. The BoE is widely expected to keep its interest rate at a record low 0.25 percent and asset purchase plan unchanged at GBP 435 billion. At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations for August. Sales had increased 2.1 percent in July. In the meantime, Statistics Finland publishes consumer price data. At 2.45 am ET, France's final inflation data is due. Final inflation for August is seen at 0.9 percent, unchanged from preliminary estimate. At 3.30 am ET, the Swiss National Bank is set to publish the outcome of its monetary policy meeting. The bank is expected to hold the interest rate on sight deposits at -0.75 percent and the target range for the three-month Libor between -..
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