Alistair's Feed
Jul 21, 2015

European shares fall, pulled down by drugmakers

LONDON (Reuters) – European shares retreated on Tuesday from their six-week high in the previous session, with the healthcare leading the market lower after Novartis (NOVN.VX: Quote, Profile, Research, Stock Buzz) reported quarterly incomes below analysts’ expectations.

The STOXX Europe 600 Healthcare Index was the sector declining the most, falling 0.7 percent. Novartis dropped 2.1 percent after the Swiss drugmaker reported a weak performance by its eyecare division in the second quarter.

Jul 20, 2015

European shares retreat from six-week highs; gold miners fall

LONDON, July 20 (Reuters) – European shares backed away from
six-week highs on Monday even as Greece began to return to
normal after agreeing on terms for a new bailout package. A
drop in gold prices hurt mining stocks.

The FTSEurofirst 300 index was up 0.3 percent at 1,612.84
points at 1454 GMT, near the day’s trading lows, after earlier
hitting its highest level since May 29 at 1,621.31 points. The
broader STOXX Europe 600 was up 0.2 percent.

Jul 20, 2015

European shares hit six-week highs, OCI surges

LONDON, July 20 (Reuters) – European shares rose to six-week
highs on Monday as Greece began to return to normality after a
deal to agree a new bailout package, with Dutch chemicals firm
OCI surging as it confirmed it was in merger talks.

The FTSEurofirst 300 index of European blue-chip stocks was
up 0.5 percent, hitting its highest level since May 29 at
1,621.31 points, while the broader STOXX Europe 600
rose 0.5 percent to 407.75 points.

Jul 20, 2015

European shares hit fresh six week highs, OCI surges

LONDON, July 20 (Reuters) – European shares edged higher at
the open on Monday, lifted by a surge in Dutch firm OCI as it
confirmed that it was in merger talks.

The STOXX Europe 600 rose 0.4 percent, hitting a
new six week high.

Top riser was OCI, up 11 percent after the
Amsterdam-listed chemical company confirmed it is in advanced
merger talks with U.S. fertiliser maker CF Industries Holdings
Inc.

Jul 17, 2015

Dollar, world stocks set for biggest weekly gains in months

LONDON (Reuters) – The dollar was set for its biggest weekly rise since May on Friday as economic data reinforced expectations for a U.S. rate hike by the end of 2015, with euro zone shares steadying after strong gains as Greece looked set to secure a bailout.

The dollar steadied near a seven-week high against a basket of major currencies, receiving a boost against its peers after lower U.S. jobless claims. The dollar index is up 1.5 percent this week.

Jul 17, 2015

Dollar, stocks set for biggest weekly gains in months

LONDON (Reuters) – The dollar was set for its biggest weekly rise since May on Friday as economic data reinforced expectations for a U.S. rate hike by the end of 2015, with euro zone shares steadying after strong gains as Greece looked set to secure a bailout.

The dollar steadied near a seven-week high against a basket of major currencies, receiving a boost against its peers after lower U.S. jobless claims. The dollar index is up 1.5 percent this week.

Jul 16, 2015

UK FTSE up but lags euro zone peers after Greek vote

LONDON, July 16 (Reuters) – Britain’s top share index edged
higher on Thursday, though without matching the gains seen
across the eurozone after Greece’s parliament approved austerity
measures, with U.S.-exposed stocks getting a lift.

The FTSE 100 index closed up 0.6 percent, at
6,796.45 points, lagging a 1.5 percent rise for the Euro STOXX
50, with peripheral euro zone markets benefitting
from a drop in yields after the dramatic vote in the Greek
parliament.

Jul 16, 2015

Britain’s FTSE rises but lags euro zone peers after Greek vote

LONDON, July 16 (Reuters) – Britain’s top share index edged
higher on Thursday as investors digested mixed earnings updates,
but it lagged its continental peers after Greece approved a
stringent bailout package to keep the struggling economy in the
euro.

The FTSE 100 index was up 0.6 percent at 6,70.87 by
1152 GMT, lagging a 1.6 percent rise for the Euro STOXX 50
, with peripheral euro zone markets benefitting from
a drop in yields after the dramatic vote in the Greek
parliament.

Jul 16, 2015

FTSE lags euro zone peers after Greece vote

LONDON (Reuters) – Britain’s top share index edged higher on Thursday as investors digested mixed earnings updates, lagging continental peers after Greece approved a stringent bailout package to keep the struggling economy in the euro.

FTSE was up by 19.75 points, or 0.3 percent at 6,773.50 by 0739 GMT, lagging a 1 percent rise for the Euro STOXX 50 .STOXX50E, with peripheral euro zone markets benefitting from a drop in yields after the dramatic vote in the Greek parliament.

Jul 16, 2015

Britain’s FTSE lags euro zone peers after Greece vote

LONDON, July 16 (Reuters) – Britain’s top share index edged
higher on Thursday as investors digested mixed earnings updates,
lagging continental peers after Greece approved a stringent
bailout package to keep the struggling economy in the euro.

Britain’s FTSE was up by 19.75 points, or 0.3 percent at
6,773.50 by 0739 GMT, lagging a 1 percent rise for the Euro
STOXX 50, with peripheral euro zone markets
benefitting from a drop in yields after the dramatic vote in the
Greek parliament.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
    • More from Alistair

    • Follow Alistair