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Sep 3, 2014

UK’s FTSE rallies on hopes of Ukraine peace moves

LONDON, Sept 3 (Reuters) – Britain’s top equity index
touched its highest level in more than 14 years on Wednesday, as
signs that Ukraine and Russia were working to end the conflict
in eastern Ukraine lifted global stock markets.

The blue-chip FTSE 100 index briefly hit 6,898.62
points, its highest level since early 2000, after Ukrainian
President Petro Poroshenko’s press office said a “permanent
ceasefire” had been agreed with Russia.

Sep 3, 2014

Swiss franc’s rally, ECB policy to test SNB patience with currency cap

LONDON, Sept 3 (Reuters) – The Swiss franc’s rise to near
two-year highs against the euro is threatening the Swiss
National Bank’s cap, stirring speculation it may take strong
measures if the European Central Bank opts for asset purchases.

Expectations the ECB may resort to quantitative easing (QE),
in coming months are growing and could weaken the euro more.

Sep 3, 2014

UK’s FTSE rallies on glimmers of Ukraine peace moves

LONDON, Sept 3 (Reuters) – Britain’s top equity index
touched its highest level in more than 14 years on Wednesday, as
signs that Ukraine and Russia were working on peace moves in
eastern Ukraine lifted global stock markets.

The blue-chip FTSE 100 index briefly hit a peak of
6,898.62 points, which marked its highest level since early
2000, after Ukrainian President Petro Poroshenko’s press office
said in a statement that Poroshenko had reached agreement with
Russia’s President Vladimir Putin on a “permanent ceasefire” in
eastern Ukraine’s Donbass region.

Sep 2, 2014

Weaker healthcare stocks weigh on European equities

LONDON, Sept 2 (Reuters) – A fall in major healthcare
stocks, after drugmaker AstraZeneca tried to play down
speculation about a new bid from Pfizer, pegged back
European stock markets on Tuesday.

Equity investors were also cautious pending any clues on
policy from the European Central Bank on Thursday.

Sep 2, 2014

European equities dip as healthcare stocks weaken

LONDON, Sept 2 (Reuters) – European shares slipped on
Tuesday as major healthcare stocks fell after drugmaker
AstraZeneca tried to play down speculation about a new
bid from Pfizer.

The region’s stock markets were also waiting to see if the
European Central Bank made any changes in policy this week. Few
expect any major steps, but most expect policy to loosen
eventually, as persistent disinflation and conflict in Ukraine
curb the euro zone’s growth.

Sep 2, 2014

European equity ‘call’ options in vogue on prospect of ECB action

LONDON/PARIS, Sept 2 (Reuters) – Traders are buying up
‘call’ options betting on a gradual move higher in European
stock markets, as expectations grow of new stimulus measures
from the European Central Bank.

The ratio measuring the number of negative ‘put’ options
versus bullish ‘call’ options on the euro zone’s blue-chip Euro
STOXX 50 index – the most liquid European market for
options traders – has dropped sharply in the past three weeks,
to 0.93 currently from 2.45 on Aug. 8.

Sep 2, 2014

Legrand leaps as European shares gain ground

LONDON, Sept 2 (Reuters) – European shares rose on Tuesday,
with French industrial group Legrand outperforming in
response to a broker upgrade.

But European stock markets remained within a tight range as
investors await the European Central Bank’s (ECB) policy
decision later this week.

Sep 2, 2014

UK fund star Woodford dumps HSBC on banking fine inflation fears

LONDON (Reuters) – Star British fund manager Neil Woodford sold his fund’s stake in HSBC last month, citing concerns about the impact of potential fines from several industry-wide investigations on the banking group.

Banks in Europe and the United States have been fined for a variety of transgressions as regulators increase their scrutiny of financial institutions.

Sep 1, 2014

UK fund star Woodford dumps HSBC on banking fine fears

LONDON, Sept 1 (Reuters) – Star British fund manager Neil
Woodford sold his fund’s stake in HSBC last month,
citing concerns about the potential impact of several
industry-wide investigations on the banking group.

Woodford’s sale comes after banks in Europe and the United
States have been fined for a variety of transgressions as
regulators increase their scrutiny of financial institutions.

Sep 1, 2014

Tesco tumbles again as FTSE edges lower

LONDON (Reuters) – Britain’s top equity index edged lower on Monday, as another sharp fall in the share price of supermarket retailer Tesco pegged back the overall stock market.

The blue-chip FTSE 100 index fell by 0.1 percent, or 7.06 points, to 6,812.69 points in early trading. Volumes were expected to be relatively thin, with New York closed for a public holiday.