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Feb 11, 2014

London-listed miners receive price boost from Kazakh devaluation

LONDON, Feb 11 (Reuters) – London-listed miners received a
boost on Tuesday after the Kazakhstan central bank said it would
let its currency devalue, pushing up shares of commodity stocks
with operations in the region by as much as 25 percent.

Kazakhstan said it would let the tenge currency devalue by
19 percent to around 185 per dollar from its central band, in a
bid to prevent large-scale speculation on the forex market after
a slide in other emerging market currencies.

Feb 11, 2014
Feb 10, 2014

Britain’s FTSE edges up but pegged back by utilities

LONDON, Feb 10 (Reuters) – Britain’s top share index edged
higher on Monday, led for a fourth straight session by
growth-sensitive stocks, but it underperformed European peers
after concerns about government interference knocked utilities.

Utility firms fell after Britain’s Energy Secretary Ed Davey
wrote to regulators over the weekend saying profit margins of
big energy companies’ gas supply units were too high.

Feb 9, 2014

Gold miners, travel firms to buck trend, benefit from emerging markets weakness

LONDON (Reuters) – European stocks from travel firms to South Africa-focused gold miners may reap some benefits from an emerging market sell-off that has otherwise roiled equities across the globe.

While heightened awareness of emerging market vulnerabilities has shaved 5.5 percent off world shares since mid-January, investors are looking to stocks with exposure abroad that could benefit from a prolonged period of local currency depreciation.

Feb 9, 2014

Gold miners, travel firms to buck trend, benefit from EM weakness

LONDON, Feb 9 (Reuters) – European stocks from travel firms
to South Africa-focused gold miners may reap some benefits from
an emerging market sell-off that has otherwise roiled equities
across the globe.

While heightened awareness of emerging market
vulnerabilities has shaved 5.5 percent off world shares
since mid-January, investors are looking to
stocks with exposure abroad that could benefit from a prolonged
period of local currency depreciation.

Feb 7, 2014

U.S. jobs optimism helps European shares extend rally

LONDON, Feb 7 (Reuters) – European shares rose for a second
straight day on Friday, supported by hopes that jobs data later
in the session would reveal a brightening picture for the U.S.
economy.

Investors were hopeful that U.S. employment figures would
show signs of improving economic growth, after Thursday’s
encouraging initial jobless claims data fuelled strong gains on
Wall Street.

Feb 7, 2014

Arcelor lifts European shares ahead of U.S. jobs data

LONDON, Feb 7 (Reuters) – Heavyweight steelmaker
ArcelorMittal helped European shares edge to a second
day of gains on Friday, supported by hopes that jobs data later
in the day will reveal a brightening picture for the U.S.
economy.

World no.1 ArcelorMittal – regarded as a gauge for the
health of global manufacturing – was the pan European
FTSEurofirst 300′s top gainer with a rise of 4 percent
after forecasting higher profits in the year ahead.

Feb 6, 2014

Earnings help European shares rebound as ECB holds steady

LONDON, Feb 6 (Reuters) – European equities bounced back on
Thursday after a two-week drop, with reassuring earnings reports
boosting shares despite the European Central Bank dashing hopes
of some immediate extra monetary easing.

Heading into the close the pan-European FTSEurofirst 300
was up at intraday highs, rallying with Wall Street
despite a temporary setback after the ECB left interest rates on
hold.

Feb 6, 2014
Feb 5, 2014

FTSE edges up after five sessions of falls

LONDON (Reuters) – The top share index edged up on Wednesday after five straight sessions of falls, halting a recent pullback due to concerns over the health of the global economy after the index managed to hold above a key support level.

Although the FTSE 100 fell early on, it bounced back up after testing support at 6,422, managing to hold above four-month lows.

    • 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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