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September 5, 2008
by Elaine Frei
European equities markets saw substantial declines Friday on the now long-standing concern that losses for banks due to the credit crisis will continue, while markets were also hurt by new unemployment numbers from the US Labor Department.
In London the FTSE 100 was down 2.26 percent to 5,240.7 in its biggest weekly decline since July 2002, while the FTSE 250 dropped 2 ...
September 4, 2008
by Elaine Frei
European equities markets were lower Thursday after both the European Central Bank and the Bank of England held interest rates steady and investors continued to worry about slow economic growth.
ECB president Jean-Claude Trichet fed worries with his comments that Eurozone economic activity is “weak” even as he cautioned that inflation is still the Bank’s focus, while an ECB cut in its ...
September 3, 2008
by Elaine Frei
Equities markets in Europe were lower Wednesday as worries about the state of the global economy and economies in the region continued.
In London, the FTSE 100 was down 2.15 percent to 5,499.7 while the FTSE 250 dropped 1.82 percent to 9,369.7.
Pubs operators were lower, led by Punch Taverns (LSE: PUB) which had the worst performance on the 250 with a decline of ...
September 2, 2008
by Elaine Frei
European equities markets saw gains Tuesday as crude oil prices fell substantially, sending airlines and other travel-related shares and retail shares higher as consumers are expected to have more money to spend.
In London, the FTSE 100 added 0.32 percent to 5,620.7 while the FTSE 250 gained 1.43 percent to 9,543.6.
Home builders were higher after Prime Minister Gordon Brown announced a ...
August 28, 2008
by Elaine Frei
European equities markets saw gains Thursday after the US Commerce Department reported that the US economy grew by 3.3 percent in the second quarter of the year.
In London the FTSE 100 added 1.32 percent to 5,601.2 while the FTSE 250 gained 1.47 percent to 9,271.7.
With their biggest markets in the United States, building materials group Wolseley (LSE: WOS) was ...
August 27, 2008
by Elaine Frei
Most European equities markets saw gains Wednesday as commodities prices rose and after the United States reported that durable goods orders there were up in July, with advances coming after early declines on continuing worries about more losses for banks.
In London, the FTSE 100 added 1.05 percent to 5,528.1 while the FTSE 250 gained a bare 0.04 percent to 9,137.1.
House builders ...
August 26, 2008
by Elaine Frei
European equities markets were mixed Tuesday as markets on the continent saw gains in reaction to new data on consumer confidence and new home sales from the United States but London’s markets were lower after yesterday’s holiday.
In London, the FTSE 100 was down 0.63 percent to 5,470.7 and the FTSE 250 dropped 0.53 percent to 9,133.6 as base metals prices declined, sending ...
August 25, 2008
by Elaine Frei
European equities markets were lower Monday as London markets closed for their summer bank holiday.
The FTSE Eurofirst 300 was 0.56 percent lower to 1,169.17 as the Dax was down 0.72 percent to 6,296.95, the CAC-40 fell 1.01 percent to 4,355.87 and the IBEX dropped 1.48 percent to 11,327.1.
The declines came on concerns about slowdowns in regional and global economies due to ...
August 22, 2008
by Elaine Frei
European equities markets saw gains Friday as banks saw gains on the possibility that Korea Development Bank might buy into Lehman Brothers (NYSE: LEH) and as airlines and carmakers jumped on declines in oil prices.
In London, the FTSE 100 added 2.52 percent to 5,505.6 while the FTSE 250 gained 2.73 percent to 9,182.7.
In the insurance sector, Benfield Group Ltd (LSE: ...
August 21, 2008
by Elaine Frei
Most European equities markets saw declines Thursday as investors remained worried about losses related to the credit crisis after Citigroup (NYSE: C; TYO: 8710) forecast that Lehman Brothers (NYSE: LEH), Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) will have to write down as much as $6.4 billion collectively in the third quarter.
London’s markets were mixed, with the FTSE 100 down 0.03 percent to 5,370.2 ...
August 20, 2008
by Elaine Frei
European equities markets saw gains Wednesday as miners, chipmakers and the steel sector saw gains.
In London the FTSE 100 added 0.97 percent to 5,371.8 while the FTSE 250 gained 0.33 percent to 8,897.3.
Miners saw gains on advances in metals prices, as Rio Tinto (LSE: RIO) led the 100 with a gain of 7.43 percent and BHP Billiton (LSE: BLT; NYSE: BHP; ...
August 19, 2008
by Elaine Frei
European equities markets were lower again Tuesday as concerns continued about the possibility of more losses in the financial sector after JP Morgan Chase (NYSE: JPM; TYO: 8634) said that Lehman Brothers (NYSE: LEH) could take as much as $4 billion in write downs related to the credit mess in the third quarter.
In London, the FTSE 100 was down 2.38 ...
August 18, 2008
by Elaine Frei
European equities markets declined Monday after house prices in the UK declined, which hurt banks and retailers and renewed concerns that the UK could be close to recession.
Rising crude oil prices also hurt markets before prices retreated again later in the US session.
In London, the FTSE 100 was down 0.08 percent to 5,450.2 while the FTSE 250 dropped 0.77 percent ...
August 13, 2008
by Elaine Frei
European equities markets saw declines Wednesday on ongoing fears of further losses for banks, on gains in UK unemployment, and after crude oil prices rose on an unexpected drop in US gasoline stockpiles.
The FTSE 100 was down 1.55 percent to 5,448.6 in London, while the FTSE 250 dropped 1.96 percent to 8,109.5.
Homebuilders were lower as Barratt Developments (LSE: BDEV) was ...
August 12, 2008
by Elaine Frei
European equities markets were lower Tuesday on concerns that banks will suffer further losses after JPMorgan (NYSE: JPM; TYO: 8634) said it will take $1.5 billion in writedowns this quarter, and after metals prices declined and sent shares in miners lower on the session.
In London, the FTSE 100 fell 0.13 percent to 5,534.5 while the FTSE 250 dropped 0.99 percent to ...
August 11, 2008
by Elaine Frei
European equities markets saw gains Monday on positive quarterly reports and on last week’s declines in commodities prices.
In London, the FTSE 100 added 0.96 percent to 5,541.8 while the FTSE 250 gained 1.98 percent to 9,384.1.
The 250 gained on major gains in the house building sector after a US capital management group bought 1 million shares in ...
August 8, 2008
by Elaine Frei
European equities markets saw gains Friday as airlines, retailers and carmakers all saw gains after crude oil prices resumed their declines.
In London, the FTSE 100 added 0.21 percent to 5,489.2 while the FTSE 250 gained 1.25 percent to 9,201.9.
Travel-related shares gained with the drop in oil prices, with British Airways (LSE: BAY; NYSE: BAB) leading the way on the 100 as it ...
August 5, 2008
by Elaine Frei
Tuesday brought gains for European equities markets after the banking and airlines sectors produced positive earnings reports and broker upgrades.
In London, the FTSE 100 added 2.52 percent to 5,454.5 while the FTSE 250 gained 3.28 percent to 9,075.7 on Merrill Lynch (NYSE: MER; TYO: 8675) upgrades in the pharmaceuticals and airlines sectors.
Drug maker AstraZeneca (LSE: AZN; NYSE: AZN) jumped 2.49 percent on ...
August 4, 2008
by Elaine Frei
European equities markets were hurt Monday by new data showing that US consumer prices were up 0.8 percent overall and 0.3 percent higher excluding energy and food prices while after-tax incomes were down in June.
In London, miners were lower after copper prices fell, with the FTSE 100 falling 0.64 percent to 5,320.2 while the FTSE 250 was down 0.59 percent ...
August 1, 2008
by Elaine Frei
European equities markets saw declines Friday as the mining sector dropped on lower prices for copper and carmakers slipped on quarterly results that suffered from poor sales.
In London, the FTSE 100 was down 1.06 percent to 5,354.7 while the FTSE 250 dropped 0.19 percent to 8,839.9.
Utilities were lower after power generator British Energy (LSE: BGY) would not agree to a takeover offer ...
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