Alistair's Feed
Feb 25, 2014

Resource firms lead European shares lower on China outlook

LONDON, Feb 25 (Reuters) – A seven-session winning streak in
the leading pan-European share index was likely to be snapped on
Tuesday after the mining sector absorbed a fresh knock from
China and weak corporate outlooks dented the earnings picture.

After weathering a torrid 2013 on concerns about slowing
growth in the world’s top metals consumer, the STOXX Europe 600
Basic Resources index started the year brightly, adding
8 percent in a run to the February high, only to cede half those
gains over the last four days.

Feb 25, 2014

Disappointing earnings outlooks knock back overbought European shares

LONDON, Feb 25 (Reuters) – European shares pulled back from
three weeks of sharp gains on Tuesday, causing many regional
indexes to fall from multi-year highs, as weak corporate
outlooks darkened the earnings picture.

Fresenius Medical Care (FMC) fell 7.1 percent
after it unexpectedly forecast another decline in profit for
2014 amid cuts to healthcare budgets in the United States.
Shares in Fresenius, which controls FMC, fell 8.8
percent.

Feb 25, 2014

Fresenius weighs on overbought European shares

LONDON, Feb 25 (Reuters) – European pulled back on Tuesday
from two weeks of sharp gains, as weakness in medical group
Fresenius weighed on German stocks and many regional indexes
edged off multi-year highs.

Fresenius Medical Care (FMC) fell 6.9 percent
after it unexpectedly forecast another decline in profit for
2014 amid budget cuts to healthcare from the United States.
Shares in Fresenius, which controls FMC, fell 6.7
percent.

Feb 25, 2014
Feb 24, 2014
Feb 24, 2014
Feb 24, 2014
Feb 21, 2014

France leads European shares towards 3rd straight week of gains

LONDON, Feb 21 (Reuters) – France’s CAC 40 index hit
a 5-1/2-year peak to lead European shares higher on Friday, with
an index of top shares in the region set for its third straight
week of gains.

French-listed oil services group Technip and
construction firm Saint-Gobain rose 3.4 percent and
2.9 percent respectively, buoyed as banks lifted their target
prices for the stocks after they reported results earlier in the
week.

Feb 20, 2014

Britain’s FTSE pinned back by weakness in miners as BAE tanks

LONDON, Feb 20 (Reuters) – Britain’s top shares steadied on
Thursday, pinned back by miners after a survey showed a drop in
China’s factory activity, while BAE Systems slid after
forecasting a decline in earnings this year.

However, the FTSE 100 staged a late recovery, tracking Wall
Street higher after strong U.S. manufacturing data.

Feb 20, 2014

Miner fall pushes FTSE into a retreat, BAE tanks

LONDON (Reuters) – Britain’s top shares lost ground on Thursday, hit by miners after a survey showed a drop in China’s factory activity, while BAE Systems slid after forecasting a decline in earnings this year.

Investors found little respite in the minutes of the U.S. Federal Reserve’s latest policy-setting meeting, which indicated that the central bank would keep trimming its bond-buying stimulus despite recent weakness in economic data.

    • 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