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Jun 25, 2013

Dovish bankers lift European shares off 7-month lows

LONDON, June 25 (Reuters) – Soothing words from central
bankers in China and the United States calmed investors on
Tuesday and contributed to European shares bouncing off
seven-month lows.

The FTSEurofirst 300 closed up 16.18 points, or 1.5
percent at 1,130.37, having closed at its lowest since late
November 2012 in the previous session spooked by liquidity
worries after the Federal Reserve said it would begin stimulus
withdrawal in the U.S later this year and credit tightening in
China.

Jun 24, 2013

European shares fall, investor fear gauge hits 4-month high

LONDON, June 24 (Reuters) – Miners led a tumble in European
stocks on Monday, with one gauge of investor concern hitting a
four-month high on mounting worries over China’s banking system
and the economic outlook for a stimulus-lite world.

By 1032 GMT, the FTSEurofirst 300 was down 16.04
points or 1.4 percent at 1,116.64. The index is now down about
11 percent from the year’s May 23 high of 1,258.09.

Jun 20, 2013

U.S. stimulus fears, China slowdown sparks FTSE sell-off

LONDON, June 20 (Reuters) – UK stocks were dealt a
double-blow early on Thursday after the U.S. Federal Reserve
signalled its intention to begin scaling back stimulus later
this year, while data showed Chinese growth continued to wane.

Banks and miners were the sharpest
fallers as London’s blue chip index declined 71.93
points, or 1.1 percent, to 6,276.89, by 0729 GMT.

Jun 19, 2013

Britain’s FTSE slips as BoE highlights QE conundrum

LONDON, June 19 (Reuters) – UK equities closed slightly
lower on Wednesday as investors awaited clarity from the U.S.
Federal Reserve over the future of its monetary stimulus
programme.

All eyes will be on Fed Chairman Ben Bernanke’s news
conference, due at 1800 GMT, in which he is expected to give
guidance on the outlook for its quantitative easing programme.

Jun 19, 2013

FTSE down in choppy trade ahead of Fed

LONDON (Reuters) – Britain’s top shares edged lower by midday on Wednesday and investors were reluctant to make bets before U.S. Federal Reserve Chairman Ben Bernanke provides clarity on central bank policy later.

By 11:31 a.m. British time, the FTSE 100 was down 4.28 points, or 0.1 percent at 6,396.96.

Jun 19, 2013

Britain’s FTSE down in choppy trade ahead of Fed

LONDON, June 19 (Reuters) – Britain’s top shares edged lower
by midday on Wednesday and investors were reluctant to make bets
before U.S. Federal Reserve Chairman Ben Bernanke provides
clarity on central bank policy later.

By 1031 GMT, the FTSE 100 was down 4.28 points, or
0.1 percent at 6,396.96.

London’s blue-chip index has fallen near 7 percent since
mid-May, when investors began to worry that the Fed might scale
back its stimulus package, leaving the outlook for global growth
and corporate earnings in the balance.

Jun 18, 2013

Protection against post-QE euro stocks swings still cheap

LONDON, June 18 (Reuters) – Demand has risen for short-term
protection against European share price swings but investors can
still insure relatively cheaply against the volatility expected
to follow any Federal Reserve move to cut back stimulus.

Worries the Fed could “taper” the stimulus that has helped
subdue interest rates and inflate equities later in 2013 have
seen European stocks fall 7 percent since mid-May.

Jun 18, 2013

Banks lead European shares higher in choppy session

LONDON, June 18 (Reuters) – Banks led gains in European
shares on Tuesday with HSBC and Standard Chartered boosted by a
positive Citigroup note, while speculation over monetary policy
tweaks in the United States and China created an uncertain
backdrop to trading.

Europe’s biggest bank HSBC and peer Standard
Chartered each added more than 2 percent after
Citigroup wrote the two banks should benefit from any easing in
the U.S. Federal Reserve’s bond-buying programme.

Jun 18, 2013

Danske Bank leads European shares lower on capital woes

LONDON, June 18 (Reuters) – European shares edged lower
early on Tuesday, led by a hit for Denmark’s Danske Bank on
capital concerns as investors awaited the outcome of a two-day
meeting of the U.S. Federal Reserve.

Danske Banke fell 6.7 percent after Danish
regulators ordered the country’s biggest financial institution
to set aside more capital.

Jun 14, 2013

FTSE extends gains as miners lead technical bounce

LONDON (Reuters) – The FTSE 100 rose early on Friday as miners led a technical rise after upbeat U.S. economic data helped cool fears that the economy would struggle if the central bank withdrew stimulus.

Miners rose 1.7 percent, and the FTSE was up 15.78 points, or 0.3 percent, at 6,320.41 by 0721 GMT, after stabilising on Thursday following sharp losses. The index has fallen nearly 8 percent since mid-May on worries the Federal Reserve might scale back its stimulus programme before the economic recovery is sustainable.