Europe Roundup: Markets dip
European stocks had the biggest slide in three weeks after crude-oil prices surged in New York, spurring concern higher fuel costs will be a drag on earnings growth.
Oil is a tax on the consumer, said Frank Hogg, the head of fund management at Bank Hofmann AG in Zurich. His firm cut holdings of equities at the end of July.
The Dow Jones Stoxx 600 Index lost 1.1 per cent to 324.30 here, its steepest drop since July 14 and sliding from its highest since May 16. The Stoxx 50 fell 1.2 per cent while the Euro Stoxx 50, a measure for the 12 nations sharing the euro, declined 1.6 per cent.
More : btimes.com.my
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Europe Roundup: Equities advance
European stock markets advanced yesterday, with the London FTSE 100 index rising 0.96 per cent to close at 5,930.10 points.
In Paris the CAC 40 rose 0.45 per cent to finish at 5,243.10 while in Frankfurt the DAX added 0.49 per cent to reach 5,989.71 points. The pan-European FTSEurofirst 300 index closed unofficially up 0.5 per cent at 1,395.8 points.
European shares nudged closer to five-year highs yesterday, buoyed by Spanish utilities and retailers as flurry of takeover activity centred on the sector, while mining stocks provided support.
More : btimes.com.my
Europe Roundup: Stocks up
European shares shrugged off their earlier losses to close higher yesterday as a bounce in car and technology stocks helped offset lower mining stocks and worries about slowing global growth.
Among the stream of companies posting earnings, Aviva dropped despite posting a healthy profit jump, while Commerzbank tumbled after a weaker- than-expected performance in its key units.
The FTSEurofirst 300 index of leading European shares closed unofficially up 0.7 per cent at 1,340.1 points, after earlier dipping to a two-week low.
More : btimes.com.my
Europe Roundup: Stocks close weaker
European shares closed lower yesterday, but above intra-day lows as analysts expected little lasting economic impact from news that British police foiled a suspected plot to blow up several aircraft.
The FTSEurofirst 300 index was 0.8 per cent weaker at an unofficial close of 1,330.7, but above an intra-day low of 1,316.3 when it was down nearly two per cent at a two-week low.
The London FTSE 100 index of leading shares shed 0.63 per cent to 5,823.40 points.
In Frankfurt, the Dax gave up 1.26 per cent to 5,630.96 and in Paris the CAC 40 closed 0.97 per
Infosys bets big on Finacle in Europe, Africa, West Asian markets
INFOSYS expects Finacle, its banking solution, to grow in a big way in the EMEA (Europe-Middle East-Africa) region and particularly, in the European banks in 12-18 months.
"There are a lot of RFPs (request for proposals) and customers in an exploratory stage among European banks and growth will be significant from this region, according to our reading of the market as well as analyst reports," said Mr Merwin Fernandes, V-P and Business Head.
Infosys has seen about 90 per cent of business for its banking business unit coming from the
Merger talk lifts European markets
European shares closed slightly higher on Friday with the markets focus on a possible merger between Italys Banca Intesa and Sanpaolo, which fueled talk of more sector consolidation.
Takeover speculation also lifted Anglo-Dutch steel firm Corus, and some analysts saw M&A activity underpinning equities while others said a U.S.-led economic slowdown would hurt stocks by denting corporate profits.
Higher oil prices limited market gains as a storm brewed in the Caribbean with the potential to reach the Gulf of Mexico next week -- raising worries over U.S. production already trimmed by an outage in Alaska.
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