Investors need to be cautious on rotating into European equities, according to the CEO of an independent asset management group, who urged people not to get carried away with one of the main investment stories of the year so far. “It’s fascinating: everybody is moving from the U.S. into Europe,” Alexander Friedman, CEO of Swiss-based Read More
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By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank’s policy meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> shed Read More
European equities finished higher on Wednesday as investors geared up for the European Central Bank’s (ECB) policy meeting on Thursday. The pan-European Euro Stoxx 600 Index (^STOXX) closed around 0.6 percent higher, after a fairly cautious trading week so far. The French CAC (Euronext Paris: .FCHI) and German DAX (^GDAXI) both closed just shy of Read More
Investors have been clammoring for European equities ever since the European Central Bank announced plans to buy $ 1 trillion in government bonds early this year. Germany’s DAX (^GDAXI) is hovering at a record, while the Stoxx Europe 600 (STXX) is near an 8-year high. However riding these stock markets higher won’t guarantee top returns. Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares and the dollar eased on Wednesday as investors grew cautious before upcoming central bank meetings and U.S. jobs data, while India’s central bank surprised with its second inter-meeting rate cut this year. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was down about 0.2 percent, while Read More
European equities closed lower on Tuesday as investors reacted to a slew of earnings news and economic data. The U.K.’s FTSE 100 (FTSE International: .FTSE) index closed provisionally down 0.6 percent. The German DAX (^GDAXI) and the French CAC (Euronext Paris: .FCHI) closed down unofficially 1.0 percent and 0.8 percent. Barclays (London Stock Exchange: BARC-GB)‘ Read More
By Marius Zaharia LONDON (Reuters) – European shares rose close to seven-year highs on Tuesday as better than expected German retail sales further buoyed investors days before the European Central Bank kicks off a trillion-euro bond buying program. The gains follow a rise in Asia <.MIAPJ0000PUS> and another record day on the Wall Street <.DJI> Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks edged higher on Monday as China’s weekend interest rate cut partially offset soft U.S. data, while the dollar hit an 11-year high against a basket of currencies. China on Saturday stepped up its easing tempo and cut its lending and deposit rates as the world’s second largest Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian shares were mostly lower on Friday as a sharp overnight pullback in crude oil prices dampened risk appetite, while the dollar was firm after upbeat U.S. data tilted expectations back toward an early interest rate hike by the Federal Reserve. Strong factory output data and a weaker yen Read More
By Jonathan Gould MUNICH (Reuters) – German insurer Allianz (ALVG.DE) raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe’s largest insurer fell more than 3 percent on Thursday and were the Read More