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Dec 19, 2014

Roche and Italian banks stymie European share rebound

LONDON, Dec 19 (Reuters) – Continental European stocks edged
lower on Friday as a late advance was hindered by Swiss
drugmaker Roche after two of its major drugs failed tests, with
Italian banks under pressure from a downgrade by S&P.

The euro zone blue-chip EuroSTOXX 50 and the
Swiss SMI both ended down 0.4 percent as all major
continental indexes fell.

Dec 19, 2014

European shares pause, hit by drop in Roche and Italian banks

LONDON, Dec 19 (Reuters) – European stocks held steady on
Friday, pegged back by Swiss drugmaker Roche after it saw two
major drugs fail tests and with Italian banks under pressure
from a downgrade by S&P.

Healthcare stocks took the most points off the FTSEurofirst
300, with Roche leading the index lower, down
5.3 percent after tests of new Alzheimer’s and breast cancer
drugs both failed. Analysts said forecasts for 2015 would have
to be revised downwards.

Dec 19, 2014
Dec 19, 2014

European shares hit by drop in Italian banks, taking shine off rally

LONDON, Dec 19 (Reuters) – European stocks edged lower on
Friday, reversing an early rise, as Italian banks came under
pressure from a downgrade by S&P and Swiss drugmaker Roche saw
two major drugs fail tests.

The FTSEurofirst 300 index of top European shares
was down 0.1 percent tot 1,355.47 points at 1113 GMT, retreating
after a 3 percent advance on Thursday.

Dec 18, 2014

Greek reversal helps European shares post biggest rise in 3 years

LONDON, Dec 18 (Reuters) – European stocks surged on
Thursday, with the market supported by a rise in Greek shares
after the leader of the main opposition party said he was
committed to keeping Greece in the euro should his leftist party
take power next year.

A tentative rebound in oil, a dovish statement from the
Federal Reserve and relative calm in Russian markets helped spur
European shares to their strongest daily gain in three years.

Dec 18, 2014

Europe shares rally in biggest rise for 3 years; Greece reverses early fall

LONDON, Dec 18 (Reuters) – European stocks surged on
Thursday, with the market supported by a rise in Greek shares
after the leader of the main opposition party said he was
committed to keeping Greece in the euro should his leftist party
take power next year.

A rebound in oil, a dovish statement from the Federal
Reserve and relative calm in Russian markets helped spur
European shares towards their strongest daily gain in three
years.

Dec 18, 2014

Europe shares rally, led up by rebound for oil stocks

LONDON, Dec 18 (Reuters) – European stocks rose on Thursday,
led higher by energy-related stocks as oil rose and by strength
in financials after the U.S. Federal Reserve said it would take
a patient approach toward raising interest rates.

At 1135 GMT, the FTSEurofirst 300 index of top
European shares was up 1.9 percent at 1,341.86 points.

Dec 17, 2014

FTSE resumes sell-off on oil slide and emerging-market woes

LONDON, Dec 17 (Reuters) – Britain’s top share index resumed
its slump on Wednesday after recovering the day before, with
energy stocks and companies exposed to turbulent emerging
markets bearing the brunt of the sell-off.

The blue-chip FTSE 100 index fell 0.9 percent to
6,274.34 points at 1431 GMT after surging 2.4 percent in the
previous session, but is down more than 6 percent so far this
month because of growth concerns and a sharp drop in oil prices.

Dec 17, 2014

FTSE resumes sell-off on emerging-market woes

LONDON, Dec 17 (Reuters) – Britain’s top share index resumed
its slump on Wednesday after recovering the day before, led
down by stocks exposed to turbulent emerging markets.

Financials and consumer staples, which have high global
exposure, were among the top decliners in the blue-chip FTSE 100
index, which was down 0.8 percent at 6,284.72 points at
1140 GMT.

Dec 17, 2014

FTSE resumes slide, hit by emerging-market exposure

LONDON (Reuters) – Britain’s top share index dropped on Wednesday to resume its recent slump after a bounce in the previous session, led down by stocks exposed to turbulent emerging markets.

Financials and consumer staples, sectors which have high global exposure, combined to take more than 20 points off the FTSE 100 .FTSE. The index was down 46.56 points, or 0.7 percent, at 6,285.27 points at 8.50 a.m.

    • 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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