Dow jones stock market

Logo of the London Stock Exchange. The euro rose against the dollar but was down versus sterling. Oil prices rebounded meanwhile, after slumping Friday to the lowest levels in more than one year. Bitcoin extended its slide, dropping under US$4,000 to US$3,541.02 - the lowest level for 14 months. "Italian stocks have been the outperformer in Europe ... on reports that the government may consider reducing its deficit target in a bid to avert a disciplinary procedure in Brussels and a backlash in the markets," noted Craig Erlam, senior market analyst at Oanda trading group. "The pound is also a little higher ... after (British Prime Minister) Theresa May overcame the first, and smallest, hurdle to her Brexit deal getting over the line." May convened her cabinet and updated Britain's parliament on the newly-agreed Brexit deal Monday, as she begins the tricky task of selling the plan to her sceptical country. In Rome, Italy's populist government appears open to reducing its draft budget … [Read more...] about European stock markets rally on Brexit deal, Italy budget hopes

Logo of the London Stock Exchange. In Europe, all key markets closed solidly in the black, but London's FTSE index underperformed, held back by a steady pound and a weak sales outlook from advertiser WPP. Wall Street extended opening gains, helped by optimism on corporate earnings, a day after geopolitical worries and trade fears slashed billions off US stock valuations. The tech-heavy Nasdaq was well over two percent higher approaching midday in New York, having fallen a whopping 4.4 per cent on Wednesday. "US stocks are rebounding in early action from yesterday's sharp drop, with a host of relatively favourable earnings reports helping counter a flood of global headwinds that have pressured the markets and kept volatility elevated as of late," said analysts at the Charles Schwab brokerage. But Capital Economics analyst Oliver Jones said that the rebound in US markets was unlikely to last. "We think that the bounce in the S&P 500 today after its slump on Wednesday will prove … [Read more...] about European stock markets rebound after dramatic tumble

Logo of the London Stock Exchange European equity markets benefited from an apparent fading of tensions between Italy and the EU over Rome's spending, and there were also glimmers of hope that Brexit talks could see some progress. "European equities are mostly higher in afternoon action, with earnings season ramping up in the US and results mostly better than forecasted, while Italian budget and UK Brexit concerns appear to be easing," analysts at the Charles Schwab brokerage said in a note. 'NOT PARTICULARLY COMFORTABLE' London stocks, however, underperformed their eurozone peers as a weak oil price dragged down shares in energy majors. Stock markets have been rocked in recent days by fears over spiking oil prices, rising US long-term interest rates and an attack by President Donald Trump on the US central bank and its policies. While none of the dangers have disappeared, investors were grateful for the reprieve from ongoing tension. "Investors may not be feeling particularly … [Read more...] about European stock markets advance as rate tensions ease

European stock markets fall as global trade tension escalates, (Photo: AFP) A day before the European Union was to slap retaliatory tariffs on a range of American benchmark products, including jeans and motorbikes, analysts said trade war fears were quickly turning into the real thing. "We have a trade war - and it's an escalating trade war," SEB chief economist Robert Bergqvist told AFP in an interview. The US's apparent readiness to introduce tariffs on all imported Chinese goods made this "a serious situation", he said. By announcing tariffs on US$50 billion in Chinese imports and threatening tariffs on up to US$400 billion more, US President Donald Trump is testing a no-holds-barred strategy whose consequences remain unknown. China accounts for about half of the massive US trade deficit in goods, leaving the Asian powerhouse far more exposed to Trump's tariffs than vice versa. 'REDUCE EXPOSURE' Last year, the United States exported US$130 billion in goods to China but imported … [Read more...] about European stock markets fall as global trade tension escalates