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Mar 17, 2015

Britain’s FTSE continues to rebound as Sainsbury, BHP outperform

LONDON, March 17 (Reuters) – Britain’s top share index rose
on Tuesday to extend a rebound after losing ground last week,
lifted by supermarket group J Sainsbury and miner BHP
Billiton.

The blue-chip FTSE 100 index, which had its worst
weekly loss in 2015 last week, was up 0.4 percent at 6,831.53
points in early trading — leaving it just 2 percent below
record highs of 6,974.26 points reached on March 2.

Mar 16, 2015

DAX sets record high and Zurich recovers as European stocks rally

LONDON, March 16 (Reuters) – Germany’s DAX raced to
new record highs on Monday as European stocks extended their
recent sharp rally as investors bet the weakened euro would
boost the region’s economy and lift exporter earnings.

The European rally also pushed up Switzerland’s SMI
equity index back near levels last seen in January, before a
slump in that index caused by a surge in the franc after the
Swiss National Bank (SNB) abandoned a three-year peg holding the
value of its currency to 1.20 francs per euro.

Mar 16, 2015

Germany’s DAX hits new record highs as European shares rise

LONDON/PARIS, March 16 (Reuters) – European stocks rose on
Monday and Germany’s DAX hit record highs, extending
their recent sharp rally as investors bet that the weakened euro
would boost the region’s economy and lift exporter earnings.

The DAX — which factors in returns from dividends unlike
many other European equity indexes — was up by 1 percent to
touch new record highs, breaking through the 12,000-point level.

Mar 13, 2015

UK’s FTSE 100 falls and has worst week in 2015

LONDON, March 13 (Reuters) – Britain’s top share index
slipped on Friday to suffer its biggest weekly fall so far this
year, after a drop in utility stocks compounded weakness in
energy shares.

The blue-chip FTSE 100 index closed down 0.3 percent
at 6,740.58 points. The FTSE’s fall extended a pull-back since
hitting a record high of 6,974.26 on March 2 and the index
declined 2.5 percent over the course of the week.

Mar 13, 2015

FTSE dips, on track for biggest weekly loss of 2015

LONDON (Reuters) – Britain’s top share index edged lower on Friday and looked set for its biggest weekly fall so far this year after a drop in utility stocks compounded weakness in commodity-related shares.

The blue-chip FTSE 100 index was down 0.1 percent at 6,754.15 points by the middle of the trading session, extending a pull-back since the start of the month after hitting a record high of 6,974.26 points on March 2.

Mar 13, 2015

Britain’s FTSE dips, on track for biggest weekly loss of 2015

LONDON, March 13 (Reuters) – Britain’s top share index edged
lower on Friday and looked set for its biggest weekly fall so
far this year after a drop in utility stocks compounded weakness
in commodity-related shares.

The blue-chip FTSE 100 index was down 0.1 percent at
6,754.15 points by the middle of the trading session, extending
a pull-back since the start of the month after hitting a record
high of 6,974.26 points on March 2.

Mar 12, 2015

Hedge funds face losses after TSB shares soar on Sabadell bid

LONDON, March 12 (Reuters) – Hedge funds that took “short”
positions betting on a drop in British bank TSB face
possible losses as the stock surged more than 20 percent after a
takeover bid from Spain’s Banco Sabadell on Thursday.

Around 4 percent of TSB’s shares were out on loan to
investors betting the stock would fall – otherwise known as
short selling – on March 11, according to Markit data. That was
worth a total of 5.15 billion pounds ($7.67 billion) at market
prices on that date.

Mar 12, 2015

Slide in euro helps Europe’s earnings outpace U.S. results

PARIS/LONDON (Reuters) – The relentless slide in the euro is proving a major boost to European earnings after years of stagnating profits, just when U.S. results start to lose steam.

As Europe’s earnings season draws to an end, companies have reported a 15.9 percent surge in fourth-quarter profits – the biggest rise in European earnings since mid-2011 and well ahead of a 6.8 percent rise in U.S. quarterly profits – with European firms starting to reap the benefits from a lower currency.

Mar 11, 2015

DAX hits record high as weak euro boosts European shares

LONDON, March 11 (Reuters) – European shares bounced back on
Wednesday from a sharp sell-off in the previous session, as a
drop in the value of the euro lifted stocks in the
region’s exporters and sent the German market to a record high.

Telecom Italia surged 7.7 percent, which traders
said was down to expectations of a consolidation in the domestic
mobile phone sector.

Mar 11, 2015

European shares rebound as weak euro boosts exporters

LONDON/PARIS, March 11 (Reuters) – European shares bounced
back on Wednesday from a sharp sell-off in the previous session,
as a drop in the value of the euro lifted stocks in the
region’s exporters.

Germany’s DAX, whose constituents include major
exporters BMW and Volkswagen, touched a
new record high, while the broader pan-European FTSEurofirst 300
index rose 1.4 percent.