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Banking

European shares fall, Sartorius plunges on forecast cut

German stocks retreat from record highAirbus rises amid string of new ordersMTU Aero Engines up on FY earnings outlook hikeJune 19 (Reuters) - European shares fell on Monday, with Franco-German lab equipment maker Sartorius leading the declines, while investors cautiously awaited further stimulus measures from China to revive demand.The pan-European STOXX 600 index (.STOXX) shed 0.6%, while Germany's DAX index (.GDAXI) dropped 0.6% after closing at a record high in the previous session.Shares of Sartorius (SATG.DE) plunged 16.6%, to the bottom of the STOXX 600, after the company cut its...
Funds

Small funds eyeing big gains pile on Venezuela debt

Vendors prepare products at a store painted with Venezuelan and U.S. flags in Maracaibo September 12, 2008. REUTERS/Isaac Urrutia/File PhotoCARACAS/MADRID/NEW YORK, June 15 (Reuters) - Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said.Many of the bonds are trading at pennies on the dollar after a default in 2017, compounded by 2018 sanctions from Washington that barred...
Banking

European shares rise on Fed pause hopes

Fed meeting eyed later in the dayEntain to buy Poland-based betting operator for $946 mlnLogitech slides after CEO exitGrifols surges on plan to reduce stake in Shanghai RAASSTOXX 600 up 0.4%, European banks add 1.1%June 14 (Reuters) - European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve.The pan-European STOXX 600 index (.STOXX) closed 0.4% higher.Banks (.SX7P), which tend to benefit from higher rates, rose 1.1%. Italy (.FTMIB) and Spain's (.IBEX) lender-heavy indexes rose 0.9%...
Money

European shares slip as central-bank meetings loom, Croda falls on profit warning

Croda profit warning weighs on other chemical firmsAll eyes on Fed, ECB policy meetings next weekSTOXX off 0.2%, ends week 0.5% downJune 9 (Reuters) - European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines ahead of crucial updates from the U.S. Fed and European Central Bank (ECB), while Croda slid on a tepid profit outlook.The pan-European STOXX 600 index (.STOXX) closed 0.2% down and ended the week 0.5% lower.Investors feared that the Fed could opt for a hawkish stance in its meeting...
Banking

European shares steady as rate jitters weigh, firm pound drags FTSE 100 down

Euro zone saw winter recession, more challenges aheadEvotec tops STOXX 600 after Citigroup upgradeTelecoms dragged by Vodafone sharesSTOXX 600 flat, FTSE 100 down 0.3%June 8 (Reuters) - European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector.The pan-European STOXX 600 index (.STOXX) was flat, with the rate-sensitive technology sector (.SX8P) down 0.3%.Britain's FTSE 100 (.FTSE) led losses among regional peers, with export-heavy consumer...
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