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May 16, 2014

European shares pegged back by Portuguese worries

LONDON, May 16 (Reuters) – Portugal’s stock market fell for
a fourth straight session on Friday on concerns over the
country’s economy, preventing broader European equity indexes
from making much progress.

The pan-European FTSEurofirst 300 index edged up
0.2 percent to 1,360.05 points in late session trading,
steadying after a 0.8 percent fall in the previous session that
had knocked the index down off 6-year highs.

May 16, 2014

Losses in Lisbon weigh on European shares

LONDON, May 16 (Reuters) – European stock markets fell on
Friday, retreating further from multi-year highs reached earlier
in the week, as the Portuguese market underperformed for a
second day on concerns over its economy.

The pan-European FTSEurofirst 300 index was down by
0.3 percent at 1,353.78 points in mid-session trading, falling
back from 6-year highs reached on Thursday, while the euro
zone’s Euro STOXX 50 index fell 0.5 percent.

May 15, 2014

European shares hit by losses in Milan, Lisbon after weak GDP

LONDON, May 15 (Reuters) – News that the Portuguese and
Italian economies contracted in the first quarter hit shares in
Lisbon and Milan on Thursday, knocking back European stock
markets from multi-year highs.

Italy’s FTSE MIB equity index finished 3.6 percent
lower, its biggest one-day fall since February 2013, while
Portugal’s smaller PSI-20 benchmark index fell 2.7
percent.

May 15, 2014

European shares dented by losses in Lisbon and Milan

LONDON, May 15 (Reuters) – Slumps in the stock markets of
Lisbon and Milan, after data showed that the Portuguese and
Italian economies had shrunk, knocked back European shares from
multi-year highs on Thursday.

Italy’s FTSE MIB equity index fell 2.3 percent
while Portugal’s smaller PSI-20 market declined by 2.4
percent in late session trading, making the two worst-performing
major European stock markets.

May 15, 2014

Wary of the rally in European stocks, traders look for protection

LONDON, May 15 (Reuters) – Traders are scurrying to protect
themselves against any second-quarter retreat by European equity
markets, with many investors looking for signs to sell out of a
rally that has driven indexes to multi-year highs.

Expectations that the European Central Bank will introduce
measures in June to stimulate the euro zone economy have also
boosted equities. Germany’s DAX index hit a record high
9,810 points on Thursday. The euro zone’s Euro STOXX 50 index
is near its highest in around 6 years.

May 15, 2014

European equities steady, DAX touches record high

LONDON, May 15 (Reuters) – European stock markets steadied
near multi-year highs on Thursday, with Germany’s DAX
touching a record peak as solid earnings from leading companies
including Richemont propped up equities.

The pan-European FTSEurofirst 300 index was flat at
1,367.88 points in mid-session trading, hovering just below a
6-year high of 1,372.81 points reached earlier in the day.

May 13, 2014

Rally in housebuilding stocks pushes UK’s FTSE higher

LONDON, May 13 (Reuters) – Britain’s top share index briefly
touched its highest level in more than 14 years on Tuesday,
helped by a rally in housebuilding stocks, but then steadied.

The FTSE 100 was up by 0.3 percent, or 23.50 points,
at 6,875.25 points after hitting 6,877 points early on, taking
it past last year’s peak of 6,875.62 points.

May 12, 2014

Gains in mining stocks lift FTSE by 0.6 percent

LONDON (Reuters) – A rise in heavyweight mining stocks lifted Britain’s top equity index on Monday back towards its highest level since early 2000.

The blue-chip FTSE 100 index closed 0.6 percent or 37.18 points higher at 6,851.75 points – within touching distance of a peak of 6,867.42 reached in January, which was close to its highest levels since early 2000.

May 12, 2014

Gains in mining stocks lift UK’s FTSE 100 by 0.6 pct

LONDON, May 12 (Reuters) – A rise in heavyweight mining
stocks lifted Britain’s top equity index on Monday back towards
its highest level since early 2000.

The blue-chip FTSE 100 index closed 0.6 percent or
37.18 points higher at 6,851.75 points – within touching
distance of a peak of 6,867.42 reached in January, which was
close to its highest levels since early 2000.

May 12, 2014

Traders seek refuge in Europe’s large-cap stocks

LONDON, May 12 (Reuters) – Investors are targeting European
large-cap stocks, lured by attractive valuations and the refuge
they can offer from volatility stemming from such concerns as
the Ukraine crisis.

The move is likely to herald a change in attitude among
investors since mid- and small-cap shares have been
outperforming their larger peers on expectations of an improving
stock market environment.