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Nov 9, 2015

European stocks led lower by Portugal as politics hits shares

MILAN/LONDON, Nov 9 (Reuters) – European shares fell on
Monday, led lower by shares in Portugal, where an agreement
between leftist parties to work together to form a government
unnerved investors.

Portugal’s PSI 20 index fell 3.1 percent,
underperforming a 0.4 percent dip for the FTSEurofirst 300
.

Nov 9, 2015

Portuguese politics hits shares, leads Europe lower

MILAN/LONDON, Nov 9 (Reuters) – European shares fell on
Monday, led lower by a sharp drop in Portuguese shares, with
investors unnerved by an agreement between leftist parties to
work together to form a government.

Portugal’s blue chip PSI 20 fell 1.9 percent,
sharply underperforming a 0.3 percent dip for the FTSEurofirst
300.

Nov 6, 2015

Doubters question ‘strange’ stock market rebound

LONDON/MILAN (Reuters) – The double-digit stock-market rebound after a bruising summer has put European shares back into positive territory for the year, but sentiment around the central-bank-fueled rally remains fragile.

Weak trading volumes, a so-far disappointing earnings season and a focus on reliable dividend payouts rather than blockbuster growth have all contributed to the view that investors are being sucked into a market updraft rather than enthusiastically betting on a cyclical upturn.

Nov 6, 2015

Britain’s FTSE retreats, miners fall on dollar surge

LONDON, Nov 6 (Reuters) – Britain’s top share index
retreated on Friday, weighed down by mining stocks that fell as
the dollar surged following better-than-expected U.S. jobs data.

U.S. non-farm payrolls surged in October, increasing
271,000, the largest rise since December 2014 and making a
December Federal Reserve rate hike more likely.

Nov 6, 2015

BHP leads FTSE lower after dam burst

LONDON (Reuters) – Britain’s top share index was steady on Friday, with gains by IAG and Inmarsat on well-received results offset by a fall in BHP Billiton after a dam burst at one of its Brazilian mines.

A dam holding back waste water from an iron ore mine in Brazil that is owned by Vale and BHP Billiton burst on Thursday, devastating a nearby town with mudslides and reportedly leaving scores dead or missing.

Nov 6, 2015

BHP leads Britain’s FTSE lower after dam burst

LONDON, Nov 6 (Reuters) – Britain’s top share index was
steady on Friday, with gains by IAG and Inmarsat on
well-received results offset by a fall in BHP Billiton after a
dam burst at one of its Brazilian mines.

A dam holding back waste water from an iron ore mine in
Brazil that is owned by Vale and BHP Billiton
burst on Thursday, devastating a nearby town with mudslides and
reportedly leaving scores dead or missing.

Nov 4, 2015

Germany lags European share rally as Volkswagen scandal widens

LONDON, Nov 4 (Reuters) – European shares rose on Wednesday,
although Germany’s blue-chip index sharply underperformed after
a scandal at carmaker Volkswagen widened.

Volkswagen fell 8.2 percent after it said it had
understated the fuel consumption of 800,000 cars sold in Europe.
Majority stakeholder Porsche was also down 8.2
percent after it warned that VW’s latest findings could weigh
further on its results.

Nov 3, 2015

Rise in European stocks hindered by weak bank results

LONDON, Nov 3 (Reuters) – European shares recovered from a
weak start on Tuesday, buoyed by a rise on Wall Street, though
weak earnings from Standard Chartered and UBS
dampened sentiment in the banking sector.

Standard Chartered slid 6.7 percent after saying it wants to
raise $5.1 billion in new capital through a rights issue and cut
15,000 jobs by 2018 as new chief executive Bill Winters tries to
restore profitability, hit by a slowdown in emerging markets.

Nov 3, 2015

Weak bank results lead European stocks lower

LONDON, Nov 3 (Reuters) – European shares edged lower on
Tuesday, with weak earnings from Standard Chartered and
UBS dampening sentiment in the banking sector.

Standard Chartered slid 8.4 percent after saying it wants to
raise $5.1 billion in new capital through a rights issue and cut
15,000 jobs by 2018 as new chief executive Bill Winters tries to
restore profitability, hit by a slowdown in emerging markets.

Oct 29, 2015

FTSE falls after disappointing earnings from Barclays, Shell

LONDON (Reuters) – The FTSE 100 fell on Thursday, underperforming European indexes, after a spate of disappointing earnings updates and a decline in copper prices that put pressure on mining shares.

The FTSE 100 was down 68.27 points, or 1.1 percent, at 6,369.53 points at 0915 GMT. European blue chips fell just 0.3 percent.

    • 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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