LONDON: European shares rose on Monday, led higher by Germany after an upbeat report on factory activity, while the dollar steadied following signs the US economy may be emerging from a recent soft patch. Euro zone powerhouse Germany's manufacturing sector lost some momentum in April but expanded for a fifth consecutive month. In France, the sector's final PMI showed activity contracting and falling for a 12th successive month.
SEOUL, South Korea (AP) — Asian stock markets were uneven Wednesday after weakness in U.S. economic data was tempered by an upbeat Australian growth report.KEEPING SCORE: Japan's Nikkei 225 was down 0.2 percent to 19,969.02 and South Korea's Kospi fell 0.4 percent to 2,016.41. Australia's S&P/ASX 200 edged down 0.1 percent to 5,259.90. The Shanghai Composite Index added 0.4 percent to 3,468.32 and Hong Kong's Hang Seng gained 0.3 percent to 22,441.55. Markets in Southeast Asia were mixed.
LONDON: European shares gained on Monday, with basic resources stocks leading the market higher after mining and commodities trading company Glencore announced plans to cut debt and trim its African copper operations. The pan-European FTSEurofirst 300 index was up 0.5 per cent at 1,399.34 points by the close after rising to a high of 1,409.64 points in early trading. The index closed 2.5 per cent lower on Friday when a mixed jobs report fuelled uncertainty about the timing of a likely U.S. rate hike.
Stocks were modestly weak overnight amid poor Japanese, Chinese, and European data, but as soon as the US cash markets opened, stocks surged higher algorithmically testing up to unchanged briefly for the S&P 500 and squeezing small-cap shorts (as usual).. until Europe closed. Stock started to lose steam but once Nasdaq and Russell broke red, programs slammed stocks lower and despite a late-day bounce, stocks gave up all the gains from Friday's "awesome jobs data" and then some with Trannies and Small Caps worst.
London (AFP) - European stock markets closed lower Wednesday, mirroring losses across Asia after China further devalued its currency and reported more poor economic data.Shares in mining companies, carmakers and luxury goods groups, which rely heavily on Chinese demand, fell sharply for a second day.