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Mar 26, 2013

UK stocks led lower by Wolseley and ENRC as Cyprus weighs

LONDON, March 26 (Reuters) – Worries over Cyprus’s bailout
weighed on Britain’s benchmark share index on Tuesday, while
drops at miner ENRC and plumbing supplies group
Wolseley also pegged back the market.

The blue-chip FTSE 100 index was flat at 6,380.46
points in choppy trade, slightly recovering from a 0.2 percent
fall on Monday.

Mar 25, 2013

European shares fall as Cyprus bailout relief fades

LONDON, March 25 (Reuters) – European shares fell on Monday,
led lower by financial stocks, as relief over a Cyprus bailout
faded after the Dutch Finance Minister said the stern deal could
set a new template for the region.

Speculation of a credit rating downgrade for Italy, which is
still struggling to form a government after inconclusive
elections last month, also weighed on European equities.

Mar 22, 2013

Cyprus bailout worries weigh on European shares

LONDON, March 22 (Reuters) – Fresh worries over Cyprus’
bailout problems weighed on European equities on Friday, with a
key regional index at risk of recording its worst weekly drop
since November.

Investors erred more on the side of selling stocks on signs
of any rally rather than buying on the dip due to uncertainty
over how the Cypriot situation would be resolved.

Mar 22, 2013

European shares extend losses on Cyprus worries

LONDON, March 22 (Reuters) – European shares dipped on
Friday, putting a key index on track for its worst weekly drop
since November, as growing worries over Cyprus’ bailout problems
dented sentiment.

The pan-European FTSEurofirst 300 index fell 0.3
percent to 1,187.08 points, putting it on track for its worst
weekly drop since November, while the euro zone’s blue-chip Euro
STOXX 50 index fell 0.6 percent to 2,666.75 points.

Mar 21, 2013

FTSE falls for fifth session; Cyprus crisis dominates

LONDON (Reuters) – The benchmark share index fell on Thursday, losing ground for the firth session running as concerns about the financial crisis raging in Cyprus led investors to book profits on this year’s rally.

The blue-chip FTSE 100 index was down 0.65 percent, or 42.07 points lower, at 6,390.63 41 points in early morning trade.

Mar 20, 2013

European shares recover as market eyes Cyprus compromise

LONDON, March 20 (Reuters) – European shares broke a
three-day losing streak on Wednesday as investors bet on
policymakers finding a fix for Cyprus’ bailout problems,
although some traders cautioned against buying up equities at
current levels.

The pan-European FTSEurofirst 300 index closed up
0.3 percent at 1,198.88 points while the euro zone’s blue-chip
Euro STOXX 50 index rose 1.4 percent to 2,708.90
points.

Mar 19, 2013

Miners lead UK’s FTSE down, Cyprus still weighs on sentiment

LONDON, March 19 (Reuters) – Britain’s benchmark share index
fell for a second consecutive session on Tuesday as worries over
a Cyprus bailout deal hurt sentiment, while major mining stocks
slipped after a broker downgrade.

Traders were divided over whether to sell the market on
anticipation that the Cyprus situation may worsen and affect
other euro zone states, or buy equities on expectations that the
Cyprus problems would soon be resolved.

Mar 7, 2013

European shares edge back up to multi-year highs

LONDON, March 7 (Reuters) – European shares crept higher on
Thursday although traders said further gains could be limited in
the near term on concerns over how the European Central Bank
would deal with Italy’s political deadlock.

The pan-European FTSEurofirst 300 index, which had
reached a 4-1/2 year intraday high of 1,193.35 points on
Wednesday, was up by 0.2 percent at 1,188.09 points by around
midday.

Mar 7, 2013

Aviva slump tempers gains for European shares

LONDON, March 7 (Reuters) – European shares edged up in
early trade on Thursday, pushing major indexes to near
multi-year highs and with investors forecasting more gains in
the medium term.

Gains across the market were expected to be more limited in
the short term with the market awaiting a European Central Bank
(ECB) meeting later in the day for clues on any ECB plans to
help the weak economy and the bank’s comments on Italy’s
political deadlock.

Mar 6, 2013

Weak mining stocks push European shares down off peaks

LONDON, March 6 (Reuters) – European shares fell on
Wednesday as investors booked profits on a rally that had sent
several markets to multi-year highs, with weakness in the mining
sector after metals prices declined also weighing on equities.

Traders said European equity markets may be rangebound
towards the end of the week, ahead of key data that could
provide clues on the extent to which central banks will continue
with stimulus measures to support the global economy.