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Sep 30, 2014

European shares rise as inflation data raises prospect of ECB action

LONDON, Sept 30 (Reuters) – European shares rose on Tuesday,
as another batch of weak euro zone inflation data raised the
prospect of new stimulus measures from the European Central Bank
(ECB) to boost the region’s flagging economy.

Euro zone inflation slowed to 0.3 percent in September, in
line with market forecasts, because of falling prices of
unprocessed food and energy, according to a first estimate by
the European Union’s statistics office.

Sep 29, 2014

HSBC, other Hong Kong-exposed shares underperform as European equities fall

LONDON, Sept 29 (Reuters) – HSBC, LVMH
and other companies exposed to Hong Kong underperformed a
broader drop in European stock markets on Monday as civil unrest
in the Asian city continued.

Hong Kong democracy protesters defied volleys of tear gas
and police baton charges to stand firm in the centre of the
global financial hub on Monday, in one of the biggest political
challenges for Beijing since the Tiananmen Square crackdown 25
years ago.

Sep 29, 2014

Hong Kong-exposed shares underperform as European equities fall

LONDON, Sept 29 (Reuters) – Companies exposed to Hong Kong
underperformed weaker European stock markets on Monday, as civil
unrest in the Asian city hit banks such as HSBC and
luxury goods groups such as Richemont.

Hong Kong democracy protesters defied volleys of tear gas
and police baton charges to stand firm in the centre of the
global financial hub on Monday, in one of the biggest political
challenges for Beijing since the Tiananmen Square crackdown 25
years ago.

Sep 29, 2014

Hong Kong-exposed shares underperform sluggish European equities

LONDON, Sept 29 (Reuters) – Companies exposed to Hong Kong
underperformed sluggish European stock markets on Monday, as
civil unrest in the Asian city weighed on banks such as HSBC
and luxury goods groups such as Richemont.

Hong Kong democracy protesters defied volleys of tear gas
and police baton charges to stand firm in the centre of the
global financial hub on Monday, in one of the biggest political
challenges for Beijing since the Tiananmen Square crackdown 25
years ago.

Sep 26, 2014

Banks enable UK’s FTSE to end tough week on positive note

LONDON, Sept 26 (Reuters) – Gains in bank shares helped
Britain’s top equity index climb on Friday, bringing to a close
one of its worst weeks of the year in the wake of retailer
Tesco’s financial woes.

The blue-chip FTSE 100 index rose by 0.2 percent, or
9.68 points, to 6,649.39 points.

Sep 26, 2014

Banks outperform as UK’s FTSE faces weekly loss

LONDON, Sept 26 (Reuters) – Stronger bank shares helped
Britain’s top equity index stabilise on Friday after losses
earlier in the session, although the UK stock market was still
set for a weekly decline.

The blue-chip FTSE 100 index was flat at 6,643.66
points going into the close of the trading session, flat on the
day but down around 3 percent since the start of the week.

Sep 26, 2014

Stronger banking stocks enable UK’s FTSE to erase losses

LONDON, Sept 26 (Reuters) – A rise in banking shares helped
the FTSE 100 to erase early losses on Friday, although Britain’s
top equity index was still set to suffer a weekly decline. At
1023 GMT the index was down a slender two points at 6,637
.

The FTSE 350 Banking Index was up by 0.5
percent, as traders said the sector had been lifted by signs
that a regulatory probe into alleged foreign exchange rate
manipulation may soon be settled.

Sep 25, 2014

FTSE to hit record high by end-2014, keep rising next year – Reuters poll

LONDON (Reuters) – Britain’s top equity index is set to shrug off this week’s accounting debacle at supermarket Tesco (TSCO.L: Quote, Profile, Research) and uncertainty over next year’s election to hit a record high by the end of December, a Reuters poll found.

The poll of almost 50 traders, fund managers and strategists, taken in the past week, gave a median end-2014 target of 7,000 for the blue-chip FTSE 100 index .FTSE, and a mid-2015 target of 7,100 – which would be record peaks.

Sep 25, 2014

Direct Line outperforms as UK’s FTSE gains ground

LONDON, Sept 25 (Reuters) – Britain’s main equity index
nudged higher on Thursday, with insurer Direct Line
outperforming after it agreed to sell some of its international
businesses to Spanish peer Mapfre.

Direct Line’s shares rose by around 3 percent, after the
company sold its Italian and German affiliates to Mapfre for 550
million euros ($700 million), in what traders said was a good
sale price for the British insurer.

Sep 24, 2014

European stock markets rally, propelled by Milan’s momentum

LONDON, Sept 24 (Reuters) – The Milan stock exchange
outperformed a broad rally on European equity markets on
Wednesday after data showed that Italian consumer confidence had
risen for the first time in four months.

Encouraging comments by European Central Bank chief Mario
Draghi also supported the markets, enabling them to overcome the
drag of weak German economic data and tepid results from Dutch
group TNT.