French consumer confidence climbed for a second month in February after the economy unexpectedly expanded in the fourth quarter, adding to signs of recovery. A measure of sentiment rose to 82 in February from 81 in January, national statistics office Insee said in Paris today. That matched economists’ expectations for a reading of 82, according [...]
Tag Archives: Bloomberg
European Stocks Rise, Snapping Three-Day Drop
February 24, 2012
European stocks climbed, snapping a three-day decline, as companies from Telecom Italia SpA (TIT) to BASF SE (BAS) reported earnings. U.S. index futures and Asian shares advanced. Telecom Italia, the country’s biggest phone company and BASF, the world’s largest chemicals maker, rallied 6.1 percent and 1.9 percent, respectively. Eiffage SA jumped 11 percent after the [...]
European Banks Take Greek Hit After Deal
February 23, 2012
Royal Bank of Scotland Group Plc, Commerzbank AG (CBK) of Germany and France’s Credit Agricole SA booked losses on their Greek government debt two days after creditors agreed to the biggest sovereign restructuring in history. RBS, Britain’s biggest government-owned lender, posted a wider-than-expected full-year loss after taking a sovereign-debt impairment of 1.1 billion pounds ($1.7 [...]
U.S. Stock Futures Little Changed on Greece
February 7, 2012
U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will decline for a second straight day, as Greece held talks to secure rescue funds. Financial shares dropped as European banks slumped amid a 76 percent plunge in UBS AG’s quarterly profit. Morgan Stanley slid 1 percent. Freeport-McMoRan Copper & Gold Inc. (FCX) and [...]
European Stocks Climb as China Manufacturing Offsets Delay in Greek Talks
February 1, 2012
European (SXXP) stocks advanced, with the Stoxx Europe 600 Index extending its best start to a year since 1998, as an increase in Chinese manufacturing offset Greece’s struggle to reach an agreement with creditors. U.S. index futures were little changed, while Asian stocks retreated. Oil producers and banks led gains. RWE AG (RWE) climbed after [...]
U.S. Stock Futures Decline Amid Greece Concern
January 30, 2012
U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will decline for a third day, amid concern about Europe’s debt crisis as Greece signaled opposition to economic oversight in exchange for aid. Bank of America Corp. decreased 2.2 percent after Goldman Sachs Group Inc. reduced its recommendation for the Charlotte, North, Carolina-based lender. [...]
Greece Solution Still ‘Open’ as Debt Talks Resume
January 27, 2012
Resolving the Greek sovereign-debt crisis is crucial to avoiding contagion in Europe, said Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann, as private bondholders met Prime Minister Lucas Papademos to seek an accord to cut the nation’s borrowings. “I’m confident that we can get our act together in Greece and avoid a major contagion, [...]
European Stocks Climb on Fed’s Rate Outlook
January 26, 2012
Most European stocks advanced after the U.S. Federal Reserve signaled keeping interest rates low through 2014 and laid the groundwork for a possible third round of asset purchases. U.S. index futures dropped, while Asian shares climbed.
Europe Stocks Erase Gains Before U.S. Jobs Data
October 7, 2011
European stocks erased gains, halting a two-day rally for the benchmark Stoxx Europe 600 Index, as investors awaited the monthly U.S. jobs report. Asian shares rose, while U.S. index futures fluctuated. Saipem SpA (SPM) rose 1.1 percent after JPMorgan Chase & Co. recommended buying the shares of the oilfield-services contractor. Vallourec SA (VK) sank 3.8 [...]
February 24, 2012
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