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S&P upgrades Cyprus on strong budget performance

S&P upgrades Cyprus on strong budget performance

Fri, 24 October 2014

Rating agency Standard & Poor's has upgraded European economic struggler Cyprus, citing a strong budgetary performance. The EU and the International Monetary Fund bailed out Cyprus to the tune of &eur... [more]

Europe close: Stocks end on a mixed note

Europe close: Stocks end on a mixed note

Fri, 24 October 2014

European equities finished the Friday session on a mixed note as investors kept their cards close to their chests ahead of the European Central Bank's (ECB) 'stress tests' which were due out this week... [more]

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Fri, 24 October 2014

Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession." The Eurozone countries with ... [more]

US open: Markets fluctuate amid renewed Ebola fears, while Ford and Amazon drop

US open: Markets fluctuate amid renewed Ebola fears, while Ford and Amazon drop

Fri, 24 October 2014

US stocks were largely unchanged on Friday, as investors looked to be worried by reports of the first Ebola case in New York, while the focus remained on company results. At 9:54 New York Time, the Do... [more]

US new home sales edged higher to 467,000 in September

US new home sales edged higher to 467,000 in September

Fri, 24 October 2014

US new home sales edged higher by 0.2% month-on-month in September to reach an annualised rate of 467,000, according to the Department of Commerce. The consensus forecast had been for 470,000. Septem... [more]

US close: Markets end the week largely unchanged, as Ford and Amazon fall

Fri, 24 October 2014

US stocks were largely unchanged on Friday, as investors looked to be worried by reports of a first Ebola case in New York, while the focus remained on companies results. The Dow Jones Industrial Aver... [more]

US pre-open: Wall Street rattled by Ebola fears as stock futures fall

Fri, 24 October 2014

News that the Ebola virus has reached New York City pushed US stock futures lower on Friday. Futures on the S&P 500 and Nasdaq were down 0.2% by 08:32 in New York, while the Dow Jones Industrial Avera... [more]

Ford reports 2.5% fall in third quarter revenues

Fri, 24 October 2014

US automobile manufacturer Ford reported a 34% drop in third quarter net income to reach $835m or 21 cents per share. That included pre-tax special item charges of $160m and came on the heels of a 2.5... [more]

Asia close: Wall of IPOs weighs on China stocks

Fri, 24 October 2014

Asian stocks to a large extent brushed off overnight reports of an Ebola infection having been detected in New York after Wall Street finished on a strong note. The Shanghai stock exchange's main comp... [more]

Europe midday: Stocks pare early falls

Fri, 24 October 2014

By midday European equities had pared earlier losses, with periphery stocks managing to cross into the blue. Sentiment had been weighed down at the start of trading by news of an Ebola case - but not ... [more]

Europe open: Ebola reports from NY and Chinese data weigh on shares

Fri, 24 October 2014

European equities started the session lower despite overnight gains on Wall Street, with sentiment weighed down by news of an Ebola case - but not contagion - in New York and a report that Chinese hou... [more]

Support and resistance levels for the main equity benchmarks

Fri, 24 October 2014

The following are the technical support and resistance levels for the major global equity benchmarks. SECURITY: SUPPORT/RESISTANCE Ftse 100: 6,072/6,528. S&P 500: 1,904/1,978. Dow Jones: 16,3... [more]

Britain in talks with other EU states to challenge EU's £1.7bn demand

Fri, 24 October 2014

The UK is in talks with fellow European Union (EU) member states to challenge the EU's latest demand that Britain hand over £1.7bn extra this year to compensate for its recovering economy. A spokesman... [more]

US close: Markets rise amid positive news from Eurozone

Thu, 23 October 2014

US stocks rose on Thursday, after earnings from General Motors and Caterpillar exceeded analysts' expectations and Eurozone manufacturing registered a surprising gain. The Dow Jones Industrial Average... [more]

Europe close: Stocks run higher on German manufacturing data

Thu, 23 October 2014

The main European equity indices finished in the blue on the back of a spate of better-than-expected economic indicators. After starting the day lower stocks bounced back on the heels of better than e... [more]

Societe Generale to move London offices to Canary Wharf

Thu, 23 October 2014

French bank Societe Generale is set to join some of its competitors in Canary Wharf, one of London's main financial districts. On Thursday, the lender, which has currently six offices in London, annou... [more]

US open: Markets rally amid strong results from General Motors and Caterpillar

Thu, 23 October 2014

US stocks rose on Thursday, after earnings from General Motors and Caterpillar exceeded analysts' expectations and Eurozone manufacturing registered a surprising gain. At 10:12 New York time, the Dow ... [more]

US jobless claims rise 17,000, but four-week average hits 14-year low

Thu, 23 October 2014

Weekly jobless claims in the US picked up as expected last week after hitting their lowest level since 2000, but remained below the key 300,000 mark for the sixth week in a row. Initial claims for une... [more]

Europe midday: Stocks dip into the red ahead of the Wall Street open

Thu, 23 October 2014

The main European equity gauges were holding in the red come midday despite some positive news out of the periphery. After starting the day lower stocks bounced back on the heels of better than expect... [more]

US pre-open: Stock futures rise ahead of earnings, data

Thu, 23 October 2014

Improving data from China and the Eurozone gave US stock futures a boost on Thursday, with investors taking an optimistic approach ahead of results of blue chips 3M, Caterpillar, Comcast and General M... [more]

Support and resistance levels for the main equity benchmark

Thu, 23 October 2014

The following are the technical support and resistance levels for the major global equity benchmarks. SECURITY: SUPPORT/RESISTANCE Ftse 100: 6,072/6,588. S&P 500: 1,820/1,949. Dow Jones: 15,8... [more]

Europe open: Stocks recover after initial stumble

Thu, 23 October 2014

An hour after the open European equities were to be seen paring an initial drop on the heels of a better than expected reading on German and Eurozone manufacturing which helped to compensate for weak ... [more]

HSBC Chinese manufacturing PMI improves in October, but weakness remains.

Thu, 23 October 2014

The HSBC 'flash' purchasing managers' index (PMI) for Chinese manufacturing rose to 50.4 in October, but while overall growth picked up there were still some signs of weakness in the data. The headlin... [more]

Europe close: Stocks stabilise further

Wed, 22 October 2014

European equities ended the day higher, with periphery issues leading the way, as markets continued to regain their footing on optimism that the ECB will finally be moved to act - at some point. On We... [more]

US open: Markets unchanged as investors weigh results from Boeing and Yahoo.

Wed, 22 October 2014

US stocks were largely unchanged on Wednesday, as investors weighed results from Boeing and Yahoo. At 10:36 New York Time, the Dow Jones Industrial average was up 18.30 points to 16,633.11, while the ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Shire Plc 4,050.00 3.98 17:14
Vodafone Group 200.50 1.85 17:14
Standard Chartered 1,115.00 1.46 17:02
Old Mutual 184.70 0.65 17:08
3i Group 379.60 0.56 17:00

FTSE 100 Top Fallers

Name Last Chg.% Time
Pearson 1,139.00 -2.57 17:02
G4S 251.00 -2.41 17:02
Anglo American 1,308.00 -2.39 17:08
Tullow Oil 494.60 -2.16 17:02
InterContinental Hotels Group 2,217.00 -1.90 17:08