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Aug 17, 2015

FTSE falls as miners extend losses

LONDON (Reuters) – Britain’s top share index extended recent declines on Monday as continued weakness in metals prices saw mining shares hit multi-year lows.

Britain’s FTSE 100 was down 26.65 points, 0.4 percent lower, at 6,524.09 by 0818 GMT. It fell 2.5 percent last week as commodity prices dropped after China devalued its currency.

Aug 17, 2015

Britain’s FTSE falls as miners extend losses

LONDON, Aug 17 (Reuters) – Britain’s top share index
extended recent declines on Monday as continued weakness in
metals prices saw mining shares hit multi-year lows.

Britain’s FTSE 100 was down 26.65 points, 0.4
percent lower, at 6,524.09 by 0818 GMT. It fell 2.5 percent last
week as commodity prices dropped after China devalued its
currency.

Aug 14, 2015

Global stocks set for weekly drop, bruised by China’s yuan weakness

LONDON (Reuters) – European stocks were poised for their worst week in six on Friday, under pressure from a falling oil price, as global markets struggled to regain poise after China’s surprise currency devaluation on Tuesday.

Markets rose briefly on Friday, with European stocks and the euro both supported in early deals after Greek parliament approved a third multi-billion euro bailout deal.

Aug 14, 2015

Stocks set for weekly drop, bruised by China’s yuan weakness

LONDON (Reuters) – European stocks were poised for their worst week in six on Friday, under pressure from a falling oil price, as global markets struggled to regain poise after China’s surprise currency devaluation on Tuesday.

Markets rose briefly on Friday, with European stocks and the euro both supported in early deals after Greek parliament approved a third multi-billion euro bailout deal.

Aug 14, 2015

European shares set for weekly fall after China’s forex fall

LONDON, Aug 14 (Reuters) – European stocks edged higher on
Friday, buoyed by auto and travel stocks, although they remained
on course for a weekly decline after China moved to weaken its
currency.

After devaluing the yuan early in the week, China’s central
bank said on Thursday the country’s strong economy meant there
was no reason for the currency to fall further, helping to calm
jittery global markets.

Aug 13, 2015

European shares rally after China calms markets

LONDON, Aug 13 (Reuters) – European shares bounced on
Thursday after a 4 percent fall this week, tracking global
equities higher on efforts by China’s central bank to steady a
falling yuan that has stirred markets worldwide.

The pan-European FTSEurofirst 300 index was up 0.9
percent at 1,530.17 at the close, trimming gains in late trade
as a falling oil price hit energy firms.

Aug 12, 2015

Earnings season shows euro zone’s gain, FTSE’s pain

LONDON, Aug 12 (Reuters) – Scratch beneath the surface of
Europe’s bumper earnings season and you will find a yawning
divide between a resurgent euro zone, lifted by a domestic
recovery, and sputtering UK-listed companies hurt by the
commodities slump.

That gap may be exacerbated by the latest bout of market
nerves over China’s economy, one of the main reasons for the
slump in major commodities markets and share prices exposed to
that sector, after a foreign-exchange devaluation that has
sparked fears of global currency wars.

Aug 11, 2015

FTSE 100 falls as China devaluation hits Burberry, mining stocks

LONDON, Aug 11 (Reuters) – Britain’s benchmark share index
fell on Tuesday, hit by stock price falls for mining companies
and luxury firm Burberry after China devalued the yuan,
raising the costs of imports.

China devalued the yuan on Tuesday after a run of poor
economic data, guiding the currency to its lowest point in
almost three years in a move that economists said was aimed at
helping exporters.

Aug 10, 2015

Britain’s FTSE bounces off lows after mining sector turnaround

LONDON, Aug 10 (Reuters) – Britain’s top share index
recouped early losses on Monday, as major mining stocks that had
been hit by weak data from China turned higher on hopes of
stimulus.

The blue-chip FTSE 100 index was down just 2.69
points, flat in percentage terms, at 6,715.80 points by 1445
GMT, trimming losses after gains in early trade on Wall Street.
The index is up nearly 2 percent since the start of 2015 but is
some 6 percent below an April record high of 7,122.74 points.

Aug 10, 2015

FTSE falters as mining stocks lose ground

LONDON (Reuters) – The FTSE 100 slipped lower on Monday, weighed down by a drop in major mining stocks which were impacted by a broker’s downgrade on the sector after another batch of weak data from China.

The blue-chip FTSE 100 index fell 0.7 percent to 6,668.45 points in by 1105 GMT. The FTSE is up around 1.5 percent since the start of 2015 but is some 6 percent below an April record high of 7,122.74 points.

    • 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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