LONDON (Reuters) – European shares were heading for their biggest weekly fall of the year on Friday, as a second week of gains for oil prices and a resurgent euro put the brakes on a two-month bonanza for the region’s equity markets. Trading on the day was choppy, with oil dropping back after Thursday’s spike Read More
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By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded. Crude oil prices were slightly lower on the dollar’s bounce after surging overnight on the escalating conflict in Yemen. The Read More
By Emma Thomasson HERZOGENAURACH, Germany (Reuters) – Adidas <ADSGn.DE> plans to speed up production and allow shoppers to customize more shoes and clothes, aiming to accelerate sales and profit growth over the next five years. The German sportswear firm, which has been losing ground for years to fast-growing rival Nike <NKE.N>, said it was testing Read More
By Marc Jones and Nigel Stephenson LONDON (Reuters) – Escalating tensions in the Middle East as Saudi Arabia and its allies launched air strikes on Yemen pushed oil prices up as much as 6 percent on Thursday, and sent world share markets tumbling. In the currency markets, the dollar fell against traditional safe-havens the Swiss Read More
European equities were sharply lower on Thursday following a sell-off in the U.S. Wednesday and a lackluster lead from Asia. The pan-European Euro Stoxx 600 Index (STOXX: .STOXX) was lower with major bourses like the German DAX (XETRA: .GDAXI) posting heavy losses. Concerns over escalating political chaos in Yemen are weighing on market sentiment. Oil Read More
By Nigel Stephenson LONDON (Reuters) – Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers’ currencies. The military operations, including air strikes, targeted Iran-backed Houthi rebels besieging the southern Read More
European equities finished around 1 percent lower on average on Wednesday, down from multi-year highs, despite better-than-expected data from Germany. The pan-European FTSEurofirst 300 (FTSE International: .FTSE) provisionally ended around 1 percent lowerm as European technology stocks slipped, mimicking a similar downturn on Wall Street. Notably, ARM (London Stock Exchange: ARM-GB), which makes chips for Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks stalled on Wednesday following declines on Wall Street, while the dollar held on to modest gains after a rise in U.S. inflation. Spreadbetters forecast a slightly lower open for Britain’s FTSE <.FTSE>, Germany’s DAX <.GDAXI> and France’s CAC <.FCHI>. European shares ended the previous session at their Read More
European equities rose from session lows on Tuesday, as investors reacted to fresh economic data from the euro zone. The pan-European Euro Stoxx 600 index (^STOXX) was higher, having starting the session lower. Shares of Airbus (Euronext Paris: AIR-FR) fell up to 2 percent on Tuesday after an A320 passenger plane had crashed in the Read More
By Lisa Twaronite TOKYO (Reuters) – Most Asian share markets were set to end a volatile session with modest gains on Tuesday, after a measure of Chinese factory activity dented sentiment by unexpectedly dropping to an 11-month low. Financial spreadbetters expected softer openings for European bourses, with Britain’s FTSE 100 <.FTSE> seen opening 15 to Read More