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Jul 3, 2015

Greek worries drag euro zone shares to worst weekly fall this year

LONDON, July 3 (Reuters) – A top euro zone share index ended
Friday with its worst weekly fall this year, as the market was
hit by uncertainty over Greece’s referendum on its bailout
terms, which could determine whether it stays in the single
currency.

The blue-chip Euro STOXX 50 index closed down
0.6 percent at 3,441.76 points, marking a weekly fall of around
5 percent, its worst since a 6 percent drop in December.

Jul 3, 2015

Greek worries lead euro zone shares towards biggest weekly fall this year

LONDON, July 3 (Reuters) – A top euro zone share index was
set for its biggest weekly fall this year on Friday, with many
investors focusing on the Greek referendum on bailout terms,
which could determine the country’s future in the euro zone.

The euro zone Euro STOXX 50 index was on track
for its worst week since December. The index was down 1 percent
at 3,427 points, marking a weekly fall of around 5.4 percent
since last Friday.

Jul 3, 2015

Euro zone shares set for biggest weekly fall this year with Greece in focus

LONDON (Reuters) – A top euro zone share index was set for its biggest weekly fall this year on Friday, with focus on a crucial vote in Greece over its debt negotiations at the weekend.

The euro zone Euro STOXX 50 .STOXX50E was on track for its worst week since December, down 4.2 percent since last Friday’s close, and flat on the day at 3,463.57.

Jul 2, 2015

Banks, utilities seen bearing brunt of Greek vote jitters

LONDON (Reuters) – Europe’s stock market has shown few signs of panic ahead of a referendum this weekend that may decide Greece’s future in Europe. But investors in bank and utilities stocks should prepare for a bumpy road ahead.

While Greece does not loom large on Europe’s corporate radar in terms of direct exposure, any post-vote indirect spillover from credit markets is expected to knock banks via their bond portfolios – especially those holding Southern European debt. Bond-like utility stocks are also vulnerable to rising yields.

Jul 2, 2015

Miners and Dixons Carphone push FTSE higher

LONDON, July 2 (Reuters) – Britain’s top share index edged
higher on Thursday as electrical goods and mobile phone retailer
Dixons Carphone rose after a U.S. deal and miners tracked
stronger metals prices.

Investors remained nervous, avoiding strong bets because of
uncertainty over Greece’s debt crisis, traders said. Prime
Minister Alexis Tsipras has urged Greeks to reject creditors’
terms in a referendum on Sunday, after Greece failed to make a
debt repayment to the IMF earlier in the week.

Jul 2, 2015

FTSE steadies, supported by Dixons Carphone

LONDON (Reuters) – FTSE was steady on Thursday, with caution over events in Greece offset by gains in Dixons Carphone (DC.L: Quote, Profile, Research) after the electrical goods and mobile phone retailer struck a U.S. deal.

Dixons Carphone rose 3.3 percent after saying it signed with Sprint Corp. (S.N: Quote, Profile, Research) to open and manage Sprint-branded stores in the U.S. [ID:nL8N0ZI0OM]

Jul 2, 2015

Britain’s FTSE steadies, supported by Dixons Carphone

LONDON, July 2 (Reuters) – Britain’s top share was steady on
Thursday, with caution over events in Greece offset by gains in
Dixons Carphone after the electrical goods and mobile
phone retailer struck a U.S. deal.

Dixons Carphone rose 3.3 percent after saying it signed with
Sprint Corp. to open and manage Sprint-branded stores in
the U.S.

Jul 1, 2015

UK property shares live up to safe-haven tag in volatile world

LONDON, July 1 (Reuters) – Forget gold. In a world of
volatile market swings, Greek debt fears and an impending U.S.
interest rate hike, one safe haven that has delivered on its
promise is UK real estate.

The value of British homes can fall as well as rise. But
many Britons believe that buying a house or apartment is the
best long-term investment they can make, and since the start of
the year, shares of homebuilders such as Persimmon,
Taylor Wimpey and Berkeley have surged an
eye-popping 30 to 50 percent.

Jul 1, 2015

UK’s FTSE rebounds off 5-1/2 month lows; airlines rally

LONDON, July 1 (Reuters) – Britain’s top equity index
bounced back from five-and-a-half month lows on Wednesday,
lifted by airline stocks that were boosted by lower oil prices
and a recommendation for a new runway at London’s Heathrow
airport.

The blue-chip FTSE 100 index was up by 80.88 points,
or 1.2 percent, at 6,601.86 points by the close. It was still
about 7 percent below a record high of 7,122.74 points reached
in late April.

Jul 1, 2015

European shares gain on report Greece ready to accept a revised deal

LONDON, July 1 (Reuters) – European shares extended gains on
Wednesday after a report that Greece was ready to accept most
conditions from its international creditors to clinch a debt
deal.

The Financial Times, citing a letter Alexis Tsipras sent to
the heads of the European Commission, the IMF and the European
Central Bank, reported the Greek prime minister will accept all
his bailout creditors’ conditions that were on the table this
weekend, with only a handful of minor changes.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
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