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Jan 23, 2014

European shares knocked by U.S. weakness, mixed earnings

LONDON, Jan 23 (Reuters) – European shares fell on Thursday,
deteriorating in afternoon trade after weak U.S. and Chinese
data raised worries over the global growth outlook, led down by
a double digit fall in Nokia as earnings pessimism resurfaced.

Nokia dropped 10.7 percent after it reported a
steep fall in sales at its network equipment division, which
will be its core business once its sale of its phone business
goes through.

Jan 22, 2014

Mixed corporate updates see European shares stall at resistance

LONDON, Jan 22 (Reuters) – European shares pulled back from
near 5-1/2 year highs on Wednesday, giving up early gains as
mixed earnings reports kept the market from pushing through
recent resistance.

Dutch technology firm ASML was the standout
individual mover, surging 6.9 percent to be the FTSEurofirst’s
top riser after it beat forecasts for its
fourth-quarter results and reiterated its upbeat outlook for
first-half sales.

Jan 22, 2014

ASML paints optimistic earnings picture to boost European shares

LONDON, Jan 22 (Reuters) – European shares rose on
Wednesday, buoyed by above expectation results from Dutch
technology firm ASML that helped to raise optimism over the
nascent European earnings season.

ASML, regarded as a barometer for the health of
Europe’s technology sector, surged 5 percent after it beat
forecasts for its fourth-quarter results and reiterated its
upbeat outlook for first-half sales.

Jan 21, 2014

FTSE touches 8-month high as emerging markets show signs of life

LONDON, Jan 21 (Reuters) – Britain’s top shares consolidated
near an eight-month high on Tuesday as reassuring news about
economic conditions in emerging markets boosted consumer staples
and financials, although miners weakened.

The FTSE 100 touched its highest since May 2013,
before pulling back in the afternoon, with traders citing
caution on Wall Street as U.S. Markets reopened after a long
weekend.

Jan 21, 2014

FTSE hits eight-month high as emerging markets’ growth lifts earnings

LONDON (Reuters) – Britain’s top shares edged higher on Tuesday, boosted by corporate results that revealed a return of strong demand in emerging market economies even as the consumption picture in Europe remained weak.

Consumer goods firm Unilever rose 3.8 percent, the top FTSE gainer, after it unveiled better-than-expected 2013 results, helped by a rebound in emerging markets.

Jan 21, 2014

UK’s FTSE hits 8-month high as emerging markets’ growth lifts earnings

LONDON, Jan 21 (Reuters) – Britain’s top shares edged higher
on Tuesday, boosted by corporate results that revealed a return
of strong demand in emerging market economies even as the
consumption picture in Europe remained weak.

Consumer goods firm Unilever rose 3.8 percent, the
top FTSE gainer, after it unveiled better-than-expected 2013
results, helped by a rebound in emerging markets.

Jan 21, 2014
Jan 20, 2014

FTSE led down from eight-month high by bank fall

LONDON (Reuters) – The FTSE 100 edged down from eight-month highs on Monday, pinned back by a fall in the banking sector after German lender Deutsche Bank reported a surprise loss.

Barclays fell 1.6 percent in early trade, the top faller on the FTSE 100, after Deutsche Bank posted a pre-tax loss of 1.15 billion euros (973 million pounds) for the fourth quarter, itself dropping 5.1 percent.

Jan 20, 2014

Britain’s FTSE led down from eight-month high by bank fall

LONDON, Jan 20 (Reuters) – Britain’s top share index edged
down from eight-month highs on Monday, pinned back by a fall in
the banking sector after German lender Deutsche Bank reported a
surprise loss.

Barclays fell 1.6 percent in early trade, the top
faller on the FTSE 100, after Deutsche Bank
posted a pre-tax loss of 1.15 billion euros ($1.6 billion) for
the fourth quarter, itself dropping 5.1 percent.

Jan 17, 2014

Peripheral equity surge to stumble over earnings

LONDON, Jan 17 (Reuters) – European fourth-quarter earnings
are set to disappoint consensus expectations, according to the
most accurate analysts, potentially threatening the new year
stock rally focused on Spain and Italy.

Strong gains in 2012 and 2013 have left many European
indexes looking fully valued, and most analysts predict that
earnings will need to improve this year if double digit gains
for equities are to be repeated.

    • 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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