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Stock Market News (US Open) – FTSE helped by weakening sterling; major Wall Street benchmarks slightly down

Posted on October 6, 2017 at 2:43 pm GMT

The pan-European Stoxx 600 traded 0.3% lower not long before European traders head home for the weekend. Despite the decline, it remains up on the week and on track for its fourth consecutive weekly gain. Spain’s IBEX 35, which received additional attention this week due to ongoing tensions over Catalonia’s efforts to gain independence, was 0.4% down, having reversed a large part of losses recorded earlier in the day. The blue-chip benchmark suffered a poor week, with weekly losses standing [..]

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Stock Market News (European Open) – Spanish stocks reverse into losses; bullish US sentiment reverberates to Asia

Posted on October 6, 2017 at 9:37 am GMT

In Asian markets, the Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, both added 0.3%. Hong Kong’s Hang Seng rose by 0.3% and Australia’s S&P/ASX 200 gained 1.0%, making up for a significant part of losses from preceding days. US equities yet again hit all-time highs during yesterday’s trading, recording decent gains along the way as well. The Dow added 0.5%, the S&P 500 rose by 0.6% and the tech-heavy Nasdaq Composite added 0.8%. The S&P rose [..]

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Stock Market News (US Open) – IBEX partially recovers; miners dominate top FTSE outperformers; tech leads gains in US

Posted on October 5, 2017 at 2:05 pm GMT

At the opening of US markets (1330 GMT), the pan-European Stoxx 600 was 0.1% lower. IBEX 35, which retreated by 2.85% the day before to record its worst daily performance in more than a year, was on the rise today. The Spanish blue-chip index was up by 1.6% to render itself the best performing major blue-chip benchmark in Europe. All industry sectors comprising the index were in the green. Tensions in Catalonia remain in the forefront with the region likely [..]

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Stock Market News (European Open) – Mixed open in Europe following from slightly positive US / Asian trading

Posted on October 5, 2017 at 9:09 am GMT

European stocks opened mixed on Thursday as UK and Spanish stocks were in the green while German, French and Italian markets were either unchanged or slightly lower. In Spain there was a little relief that the situation in Catalonia did not deteriorate further as some investors took a more sanguine view over the future of the country’s constitutional crisis. Others however were expecting further escalation as the region plans to declare its independence next week. The IBEX was up 0.68% [..]

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Stock Market News (US Open) – DAX only bright spot in Europe, boosted by automakers; US opens lower

Posted on October 4, 2017 at 2:10 pm GMT

Most major European bourses remained into the red as the trading day progressed. The Stoxx 600, a broader gauge of European equity performance, was down 0.15% after rising to a three-and-a-half-month high of 391.09 earlier in the day. IBEX 35 was on track to record its worst performance in more than a year. The Spanish blue-chip index was last down by 2.3% with financials being the benchmark’s worst performing sector. Banks Banco de Sabadell, Caixabank, Bankia, Banco Santander, Banco Bilbao [..]

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Stock Market News (European Open) – Europe broadly lower with Spanish equities underperforming; Hang Seng adds to gains

Posted on October 4, 2017 at 9:43 am GMT

The Japanese Nikkei 225 and the broader Topix finished the day at fresh three-year highs after achieving the same feat yesterday, albeit their performance significantly lacked yesterday’s rise. The former added less than 0.1% and the latter was only higher on the margin. Hong Kong’s Hang Seng gained 0.7% after yesterday’s surge by 2.25%; the index has been on a positive footing after the PBOC announced that it will reduce the bank reserve requirement ratio, boosting banking stocks. Australia’s S&P/ASX 200 added [..]

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Stock Market News (US Open) – IBEX continues to fall; overall picture in Europe little changed; Wall Street renews highs

Posted on October 3, 2017 at 1:56 pm GMT

In afternoon European trading hours, the pan-European Stoxx 600 was flat, trading close to 390.53, this being the fresh three-month high recorded by the benchmark earlier in the day. The FTSE 100 and the CAC 40 were higher by 0.15% and 0.3% respectively on a day when Germany was closed for Unification Day. The Spanish IBEX 35 added to morning losses to trade 0.6% lower, falling to its lowest since September 8 earlier in the day. Political uncertainty in Spain [..]

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Stock Market News (European Open) – European stocks mostly flat; Asia broadly higher

Posted on October 3, 2017 at 9:58 am GMT

In Asia, the Nikkei 225 finished the day higher by 1.1%, while the Topix, Japan’s broader equity index, gained 0.65%. Both benchmarks recorded their highest close since August 2015. Hong Kong’s Hang Seng made a strong comeback after yesterday’s holiday, jumping by 2.25%. Australia’s S&P/ASX 200 declined by 0.5% after yesterday’s advance of 0.8%. Mainland China and South Korea remain closed for public holidays. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed at all-time highs during [..]

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Stock Market News (US Open) – Excluding Spain, Europe on the rise; Stoxx 600 hits 3-month high; Wall Street at fresh peaks

Posted on October 2, 2017 at 2:03 pm GMT

As trading progressed, major European benchmarks remained broadly in the green with the Spanish IBEX 35 being the exception as it was weighed by political uncertainty in the country following yesterday’s Catalan referendum for independence. The pan-European Stoxx 600 last traded 0.1% higher, hitting a fresh three-month high of 389.43 earlier in the day. The IBEX 35 was down by 1.8%, looking poised for its worst daily performance in nearly two years. The FTSE 100, DAX and CAC 40 were [..]

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Stock Market News (European Open) – IBEX declining after Catalan vote; European equities mostly gaining, boosted by weaker euro

Posted on October 2, 2017 at 10:11 am GMT

The Nikkei 225 advanced by 0.2%, whereas the broader Japanese index, the Topix, lost 0.1% on a day when Asian markets, including China, Hong Kong and South Korea were closed for public holidays. Third quarter data released today showed big manufacturers in Japan being the most upbeat about the business outlook in a decade. Australia’s S&P/ASX 200 added 0.8% to record its heftiest gain in nearly two months in a light trading day with Melbourne open for business and Sydney [..]

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