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Jun 5, 2013

Financials drive Britain’s FTSE lower on Fed exit chatter

LONDON, June 5 (Reuters) – Britain’s leading share index
fell on Wednesday, led lower by financials after comments from
U.S. Federal Reserve officials intensified expectations the
Fed’s monetary stimulus may be reduced.

Dallas Fed President Richard Fisher said on Tuesday the bank
might make changes to its bond-buying programme and Kansas City
Fed President Esther George said slowing its pace would help
wean markets from their dependence on easy money.

Jun 5, 2013

Funds lead FTSE lower on Fed pondering stimulus exit

LONDON (Reuters) – Britain’s leading share index fell on Wednesday, led lower by financials after comments from U.S. Federal Reserve officials fanned talk the bank’s monetary stimulus may be reduced.

Fund managers suffered with Aberdeen Asset Management the top faller on the FTSE 100, down 5.2 percent after being cut from the UBS “key call” list. Mid-cap peer Man Group slumped 14.6 percent after its flagship fund suffered one of its biggest weekly losses.

Jun 5, 2013

Funds lead Britain’s FTSE lower on Fed pondering stimulus exit

LONDON, June 5 (Reuters) – Britain’s leading share index
fell on Wednesday, led lower by financials after comments from
U.S. Federal Reserve officials fanned talk the bank’s monetary
stimulus may be reduced.

Fund managers suffered with Aberdeen Asset Management
the top faller on the FTSE 100, down 5.2 percent
after being cut from the UBS “key call” list. Mid-cap peer Man
Group slumped 14.6 percent after its flagship fund
suffered one of its biggest weekly losses.

Jun 5, 2013

Optimistic company outlooks leave European stocks exposed

LONDON, June 5 (Reuters) – Most European companies are
sticking to their 2013 earnings targets despite a poor first
quarter, banking on an economic recovery that looks increasingly
unlikely to happen this year.

A few brave firms have already cut the guidance they give to
analysts, pushing down their share prices sharply, and the more
hesitant majority face similar treatment if they finally accept
that growth in the euro zone remains a distant prospect.

Jun 4, 2013

Chip-makers help European shares rebound

LONDON, June 4 (Reuters) – European shares rose on Tuesday
as chip-makers gained on a confident growth outlook from
STMicroelectronics, while investors also took a recent
pullback as an opportunity for some cautious buying.

The pan-European FTSEurofirst provisionally closed
0.3 percent higher at 1,211.34, having dropped 4 percent since
May 23 after minutes showed the U.S. Federal Reserve had
discussed slowing its open-ended monetary stimulus package.

Jun 3, 2013
May 28, 2013

Stimulus hopes help FTSE bounce after holiday

LONDON (Reuters) – The FTSE 100 rose on Tuesday, buoyed by the prospect of continued monetary easing and catching up with Europe after a public holiday on Monday saw it miss out on the previous session’s gains.

Banks led Britain’s FTSE higher, benefitting from calmed nerves over monetary stimulus programmes after European and Japanese central bankers renewed their commitment to continued supportive policies. Banks had been among Europe’s top gainers on Monday.

May 28, 2013

Stimulus hopes help Britain’s FTSE bounce after holiday

LONDON, May 28 (Reuters) – Britain’s top share index rose on
Tuesday, buoyed by the prospect of continued monetary easing and
catching up with Europe after a public holiday on Monday saw it
miss out on the previous session’s gains.

Banks led Britain’s FTSE higher, benefitting from
calmed nerves over monetary stimulus programmes after European
and Japanese central bankers renewed their commitment to
continued supportive policies. Banks had been among Europe’s top
gainers on Monday.

May 22, 2013

Britain’s FTSE sets new 13 year high on Bernanke testimony

LONDON, May 22 (Reuters) – Growth sensitive sectors drove
Britain’s top share index to fresh 13 year highs, receiving a
boost after the top U.S. central banker reaffirmed his
commitment to continued stimulus.

Federal Reserve chairman Ben Bernanke said that central bank
needs to see further signs of traction before taking its foot
off the gas, helping to spike the FTSE 100 to an
intraday high of 6,875.62, its highest level since January 2000.

May 22, 2013
    • 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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