Stock News

European stocks retreat from 5-year high level

European stocks declined from a five-year high as investors sold stakes in companies such as Lloyds Banking Group Plc. US index futures remain unchanged, while Asian shares slid. The Stoxx Europe 600 index slid 0.4% to 312.06 at 9:04 a.m. in London after yesterday reaching to its highest level in more than five years. Stoxx […] Read more

Peugeot lost market share as European car market fell 5%

European car sales fell 5% last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to premium and Asian rivals. Registrations of new passenger cars slumped by 5% in August after a 5% increase in July that could be contributed to the slow holiday month. Sales slid further […] Read more

US stocks advanced amid Fed chairman race, Syria chemical weapon deal

U.S. stocks rose, sending the Standard & Poor’s 500 Index to a five-week high and within 1% of a record, after Lawrence Summers withdrew his bid to be Federal Reserve chairman and tensions over dealing with Syria’s chemical weapons eased. The Standard & Poor’s 500 Index added 0.6% to 1,697.60 at 4 p.m. in New […] Read more

US stock futures soared amid Fed chairman race

U.S. stock-index futures and Treasuries rose, and the dollar fell, after Lawrence Summers withdrew from the race to be the next Federal Reserve chairman. Standard & Poor’s 500 Index futures expiring in December added 1.1% to 1,700.3 at 6:02 a.m. in New York. Dow Jones industrial Average also jumped 1.1%. Ten-year Treasury yields dropped seven […] Read more

European stock indexes jumped amid US and Russia agreement over Syrian chemical weapons

European stocks rose, extending to a new five-year high, after Lawrence Summers withdrew from consideration as Federal Reserve chairman, paving the way for Janet Yellen, who investors say will favor a slower reduction of stimulus. US and Russia came to an agreement over destroying Syrian chemical weapons. The Stoxx Europe 600 Index rose 0.8% to […] Read more

Apple is laying the groundwork for future wearables with new Iphone

Apple Inc’s new high-end iPhone is made to be compatible of future products that would soon be released in store from the world’s most-valuable company. A new motion-sensor chip inside the iPhone 5s suggests the appearance of wearable-computing products, while a fingerprint sensor opens more opportunities to make the smartphone a tool for making purchases […] Read more

US futures higher, Asian stocks rose as a candidate withdraws from Fed’s chairman race

Asian stocks started the week higher and U.S. futures rose after Larry Summers withdrew his name from consideration for Chairman of the Federal Reserve, relieving investor concerns about faster withdrawal of economic stimulus in the worlds biggest economy. Mr. Summers was pointed to be President Barack Obamas first choice to succeed Ben Bernanke as the […] Read more

UK stocks retreat after a week of gains

U.K. stocks fell, diminishing the FTSE 100 Index second week of gains, as U.S. retail-sales growth missed estimates and as investors watched talks between the U.S. and Russia on Syria. The FTSE 100 Index slid 18.63 points, or 0.3%, to 6,570.35 at 2:12 p.m. London time. The benchmark added 2.1% last week on bets that […] Read more

US stock index futures almost unchanged

U.S. stock-index futures were little changed, after equities broke a seven-day rally, as investors awaited data on retail sales and consumer sentiment to feed the prospects for Federal Reserve stimulus cuts. Futures on the Standard & Poor’s 500 Index expiring in December declined 0.1% to 1,676.3 at 11:01 a.m. in London. The S&P 500 fell […] Read more

Vodafone wins shareholder support over $10.2 billion bid for Kabel Deutschland

The 7.7 billion euros ($10.2 billion) takeover of Kabel Deutschland by Vodafone won shareholder support when votes in favor of the deal passed a crucial 75% minimum on Thursday night. The lengthy process of collecting and verifying shareholder votes for the deal meant that there was still uncertainty over whether Vodafone would buy the German […] Read more