A year after Brexit vote, European and UK shares diverge

By Kit Rees LONDON, Jun 23 : Another wobble in commodity-related shares saw British blue chips extend their underperformance against continental European peers on Friday, a year on from Britain’s vote to leave the European Union. Britain’s FTSE 100 fell 0.3 percent to 7,413.33 points, weighed down by weakness in mining and oil stocks, as […]

Britain’s FTSE on the defensive after tumultuous week

By Helen Reid LONDON, Jun 16 : Defensive strength supported the FTSE on Friday but it remained on course for its widest weekly loss in two months after a week of political uncertainty and jitters about the resilience of the consumer engine of the UK economy. British and European stocks had sold off on Thursday […]

Copper heads for biggest weekly drop since early May

By Zandi Shabalala LONDON, Jun 16 : Copper edged up on Friday but was on track for its biggest weekly drop since early May as markets priced in a higher U.S. interest rate environment that would support the dollar. Benchmark copper on the London Metal Exchange had risen 0.2 percent to $5,669.50 a tonne by […]

Australia shares rise, on track for best week since March; NZ up

By Rushil Dutta Undated, Jun 16 : Australian shares rose on Friday, and were on track for their biggest weekly gain in over two months, led by gains in defensive stocks and financials. The S&P/ASX 200 index, which fell 1.2 percent on Thursday, was up 0.3 percent, or 15.11 points, to 5,778.3 by 0319 GMT, […]

World stocks hit record high as upbeat data boosts confidence

By Hideyuki Sano TOKYO, Jun 2 : Global stocks hit a record high on Friday and Asian markets rose to their best levels in more than two years as upbeat data on U.S. manufacturing and employment and buoyant European factory growth boosted investor optimism. The MSCI ACWI, an index of 46 stock markets in the […]