Sudip's Feed
May 22, 2015

European shares hover near 3-week high but luxury stocks fall

LONDON, May 22 (Reuters) – European shares hovered near
three-week highs on Friday, boosted by a dip in the euro on
currency markets, although luxury goods stocks underperformed
after weak sales figures from Richemont.

The pan-European FTSEurofirst 300 index advanced
0.2 percent to 1,622.12 points going into the close of the
trading session. The index has risen nearly 20 percent since the
start of 2015 and was at its best level in around three weeks.

May 22, 2015

European shares slip off 3-week high as Richemont retreats

LONDON, May 22 (Reuters) – European shares slipped off
three-week highs on Friday, with luxury goods group Richemont
falling on weak sales, while a rebound in the euro also
pegged back the region’s stock markets.

The pan-European FTSEurofirst 300 index, which had
reached a three-week high on Thursday, was down by 0.3 percent
at 1,613.84 points by the middle of the trading session.

May 21, 2015

FTSE holds firm to hover near record highs, miners up

LONDON, May 21 (Reuters) – Britain’s top share index hovered
just below last month’s record highs on Thursday as miners
gained ground on expectations that China, the world’s largest
metals consumer, will launch more stimulus measures to support
its economy.

The UK mining index rose 0.6 percent, the top
sectoral gainer, after a survey showing Chinese factory activity
contracted for a third month in May indicated a persistent
weakness in the world’s second-largest economy.

May 21, 2015

FTSE holds firm to hover near record highs

LONDON (Reuters) – The FTSE 100 hovered just below last month’s record highs on Thursday, with supermarket retailer Tesco (TSCO.L: Quote, Profile, Research) outperforming on the prospect of a possible South Korean unit sale.

The blue-chip FTSE 100 .FTSE index was flat at 7,008.43 points in early session trading, leaving it 1.6 percent below a record high of 7,122.74 points reached in April. The FTSE remains up by around 7 percent since the start of 2015.

May 21, 2015

Britain’s FTSE holds firm to hover near record highs

LONDON, May 21 (Reuters) – Britain’s top share index hovered
just below last month’s record highs on Thursday, with
supermarket retailer Tesco outperforming on the
prospect of a possible South Korean unit sale.

The blue-chip FTSE 100 index was flat at 7,008.43
points in early session trading, leaving it 1.6 percent below a
record high of 7,122.74 points reached in April. The FTSE
remains up by around 7 percent since the start of 2015.

May 20, 2015

UK’s FTSE rises near record high as banks and Vodafone advance

LONDON, May 20 (Reuters) – Britain’s top share index climbed
back towards earlier record highs on Wednesday, buoyed by gains
in major bank stocks and after bid speculation lifted the shares
of mobile network operator Vodafone.

The blue-chip FTSE 100 index ended up 0.2 percent at
7,007.26 points, close to a record high of 7,122.74 points set
in April. The index is up around 7 percent since the start of
2015.

May 20, 2015

FTSE kept steady by rise in Vodafone

LONDON (Reuters) – Britain’s top share index held firm on Wednesday, as bid speculation lifted mobile network operator Vodafone (VOD.L: Quote, Profile, Research), whose gains offset a slump in the shares of luxury goods group Burberry (BRBY.L: Quote, Profile, Research).

The blue-chip FTSE 100 index .FTSE, which hit a record high of 7,122.74 points in April, was flat at 6,996.36 points going into the middle of the trading session. The index is up by around 7 percent since the start of 2015.

May 20, 2015

Britain’s FTSE kept steady by rise in Vodafone

LONDON, May 20 (Reuters) – Britain’s top share index held
firm on Wednesday, as bid speculation lifted mobile network
operator Vodafone, whose gains offset a slump in the
shares of luxury goods group Burberry.

The blue-chip FTSE 100 index, which hit a record
high of 7,122.74 points in April, was flat at 6,996.36 points
going into the middle of the trading session. The index is up by
around 7 percent since the start of 2015.

May 19, 2015

European shares return near multi-year highs

LONDON, May 19 (Reuters) – European shares rose back to near
multi-year highs on Tuesday after a European Central Bank (ECB)
policymaker said the ECB would front-load an asset purchase
scheme, aimed at boosting growth in the region.

The comments led the euro to trade below $1.12 for the first
time in a week, juicing investor appetite for stocks -
especially in the exporter-heavy German DAX index. Euro
weakness in the first three months of the year added 17 billion
euros to German blue-chip company revenues, according to EY.

May 19, 2015

European shares return near multi-year highs, Greek stocks advance

LONDON, May 19 (Reuters) – European shares rose back to near
multi-year highs on Tuesday after a European Central Bank (ECB)
policymaker said the ECB would front-load an asset purchase
scheme, aimed at boosting growth in the region.

Athens’ stock market, which has consistently
underperformed this year due to worries over Greece’s debt
situation, also rose after the Greek labour minister said Athens
would soon conclude a deal with foreign creditors that could
unlock more loans to the cash-starved country.