European equities were mixed on Thursday as oil prices and a slightly hawkish tone from the U.S. Federal Reserve managed to dent investor sentiment. The pan-European Euro Stoxx 600 Index (^STOXX) was lower, with the oil and gas sector showing losses of over 3 percent. A fourth-quarter earnings report by Shell (London Stock Exchange: RDSA-GB) Read More
Author: Dax Futures
By Thomas Atkins and Jonathan Gould FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has posted a surprise pretax profit of 253 million euros (188 million pounds) in the last quarter of 2014, helped by an unexpected drop in litigation costs and an upswing in trading revenue at its investment bank. Germany’s largest lender was able to Read More
European markets ended mixed on Wednesday after seesawing for much of the session, with gains in the technology sector helping to offset a staggering slump in Greek banking stocks. The U.K.’s FTSE 100 (FTSE International: .FTSE) benchmark closed provisionally flat, with France’s CAC 40 (Euronext Paris: .FCHI) down 0.6 percent and Germany’s DAX (^GDAXI) unofficially Read More
European markets closed down Tuesday, after a number of Wall Street’s biggest firms missed earnings expectations as a result of the consistently strong dollar. The pan-European Euro Stoxx 600 Index (^STOXX) ended around 0.8 percent with losses accelerating around U.S. market open after a raft of disappointing earnings pushing the Dow Jones almost 400 points Read More
European markets closed higher Monday, despite opening the session lower, as investors digested news that anti-austerity party Syriza won a general election in Greece on Sunday. The pan-European Euro Stoxx 600 index (^STOXX) ended around 0.5 percent higher after fluctuating earlier in the session. Greek stocks on the Athens Composite traded down 5 percent earlier Read More
By Marius Zaharia LONDON (Reuters) – European government borrowing rates plummeted to record lows, the euro weakened and stock markets rallied on Thursday after the European Central Bank launched a landmark bond-buying program. The stubbornly stagnant euro zone economy and falling consumer prices in the currency bloc prompted the ECB to unveil a 60 billion Read More
European markets rallied to close higher on Thursday after the European Central Bank (ECB) announced a full-scale bond-buying program. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally closed 1.6 percent higher at 1,453.28 points-its highest closing level since early 2008, according to Reuters. The U.K.’s benchmark FTSE (FTSE International: .FTSE) index ended unofficially 1.0 percent Read More
Taking a page from the Ben Bernanke playbook, Mario Draghi and the European Central Bank announced a bond buying program this morning to the tune of €60 billion a month through September of 2016 for a total of about €1.2 trillion. The program is an attempt to turn around Europe’s lagging economy, boosting inflation that Read More
European markets closed higher on Wednesday, as news emerged that the European Central Bank is set to buy around 50 billion euros ($ 58.3 billion) per month of government bonds for around a year. European stocks briefly spiked, before slipping to trade lower, after the Wall Street Journal cited sources in its report on the Read More
European equities closed in positive territory on Tuesday amid speculation that the European Central Bank (ECB) will announce a full-scale bond-buying program when it meets on Thursday. The STOXX Europe 600 (^STOXX) ended around 0.8 percent higher, with most sectors of the index trading in positive territory, bar technology and oil and gas, paring earlier Read More