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Tag: Eoin Burke Kennedy European

Oil stocks and online supermarket Ocado buoy European equities

European shares rose on Thursday to a fresh three-month high as oil stocks rallied and online supermarket Ocado shot up after it signed a game-changing deal in the United States. The pan-European Stoxx 600 ended up 0.7 per cent, while Italy’s benchmark index bounced 0.3 per cent following heavy losses in the previous session on […]

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Oil rally drives European shares higher

European shares were supported on Wednesday by strength in oil stocks after US president Donald Trump pulled the United States out of Iran’s nuclear agreement, boosting crude prices. While some well-received earnings updates also provided support to the overall market, shares in companies with exposure to Iran fell, with plane maker Airbus and car makers […]

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European shares choppy as earnings fail to set trend

European shares steadied on Tuesday as a batch of company updates failed to set a clear trend and chipmakers were weighed down by a warning of a downturn in orders by Austria-based chipmaker AMS, which supplies Apple. The pan-European STOXX 600 benchmark ended flat at the end of a choppy day, marginally weighed down after […]

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European shares dip ahead of new US sanctions on Russia

European shares fell on Monday as investors awaited new US sanctions on Russia, while losses were limited as the market expected there would be no immediate military escalation in Syria following the weekend’s American-led strike. Trading remained cautious as tensions between Western powers and Russia persisted and markets braced for new US sanctions on Russia […]

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Shares rise as China’s Xi backs away from trade war

European shares rose on Tuesday after Chinese president Xi Jinping promised to cut import tariffs, fuelling optimism that a trade war between his country and the US could be averted. Gains were widespread, with the STOXX 600 closing up 0.82 per cent, slightly below Wall Street, where the S&P 500 was up 1.8 per cent […]

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European shares fall as diplomatic tensions with Russia rise

European shares fell on Monday as a late surge in the euro and diplomatic tensions with Russia more than offset hopes that the protectionist shift in US trade policy may be more selective and tactical than first feared. The regional Stoxx 600 benchmark fell 0.7 per cent to its lowest level since February 2017, having […]

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Italian politics and weak banks weigh on European shares

European shares dipped on Wednesday as strong results from Adidas and robust mining stocks were more than offset by weak banks and a drop in Italian stocks over fresh political jitters. Italy’s FTSE MIB index fell 1.1 per cent, turning lower after right-wing leader and aspiring prime minister Matteo Salvini reiterated his party’s view that […]

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Italian politics, banks weigh on European shares

European shares dipped on Wednesday as strong results from Adidas and robust mining stocks were more than offset by weak banks and a drop in Italian stocks over fresh political jitters. Italy’s FTSE MIB index fell 1.1 per cent, turning lower after right-wing leader and aspiring prime minister Matteo Salvini reiterated his party’s view that […]

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European shares bounce off six-month lows

European shares bounced off six-month lows on Tuesday as the focus shifted from politics to dealmaking and earnings, with paper and packaging stocks soaring after Smurfit Kappa rejected a bid approach. Telecom Italia jumped 5.9 per cent after activist investor Elliott confirmed it had built a stake in a bid to improve governance and strategy […]

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European shares trade higher as focus turns to monetary policy

European shares rose on Monday, with gains across bourses and industry sectors, as the focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday. Shares gave up some of their gains after comments by European Central Bank president Mario Draghi suggested the bank was still confident that inflation […]

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