Jan 29, 2016 1:28 PM ET
European indexes soared at least 2% after the Bank of Japan surprised the markets by adopting negative interest rates. The banking sector staged a recovery after positive news from Banco de Sabadell in Madrid and rumors about possible mergers in Italy.
Jan 28, 2016 11:23 AM ET
European stocks dropped in choppy trading as disappointing earnings and turmoil in the banking sector offset the rally in oil prices. Deutsche Bank reported its first annual loss since 2008. H&M net fell 11% due to unfavorable currency and the warm winter. Roche warned of growth slowdown in 2016.
Jan 27, 2016 7:40 PM ET
European markets recorded gains on Wednesday after a volatile trading session. Ericsson fell 6% despite reporting 67% growth in net profit. Novartis said fourth-quarter net profit tumbled 57% due to poor performance of its eye-care business. BASF wrote down €600 million in its oil and gas division.
Jan 26, 2016 4:51 PM ET
European markets closed higher after a spike in oil and metal prices. Anglo American jumped 12% after its diamond unit De Beers more than doubled sales of rough diamonds. EasyJet’s revenue per seat decreased 3.7% in the last quarter. Philips and Siemens reported growth in healthcare divisions.
Jan 25, 2016 1:56 PM ET
Energy companies dragged European markets down after the Friday rally in oil prices lost steam. Russian GDP dropped 3.7% in 2015 after growing 0.7% in 2014. In Germany, the business climate index fell to a 12-month low.
Jan 22, 2016 1:35 PM ET
European markets rallied on Friday after prices of oil and commodities rebounded and the ECB left door open for additional stimulus steps. Manufacturing activities in the euro zone slowed down to a three-month low. SAP SA lifted its fiscal 2017 revenue but lowered its operating margin outlook.
Jan 21, 2016 10:55 AM ET
European Central Bank left key lending rate on hold and showed willingness to review monetary policy. Deutsche Bank warned of an annual loss of €6.7 billion due to write-downs, litigation charges and restructuring costs. Pearson plans to cut 4,000 jobs.
Jan 20, 2016 2:47 PM ET
European market indexes dropped more than 2% on the persistent oil price decline and China slowdown worries. In Italy, liquidity jitters took banking stocks down. BHP Billiton Plc dropped 7.4% after the mining giant cut its forecast for iron-ore production and wrote down more assets.
Jan 19, 2016 12:02 PM ET
Resource stocks lead European markets higher after China reported better-than-expected growth in the final quarter of 2015. In Milan, Banca Monte dei Paschi di Siena plummeted 13.3% and other banks were halted as ECB reviews non-performing loans. Unilever said 2015 revenues increased 10%.
Jan 18, 2016 12:16 PM ET
European markets lost ground in a volatile trading session. Banks declined on reports that the European Central Bank reviewed non-performing loans at large banks. Adidas surged 5.1% after appointing new chief executive.