European shares climb ahead of U.S. earnings season

Source: Bloomberg
© Scanpix\AFP

European shares rallied, after the Stoxx Europe 600 Index advanced for two weeks in a row, while investors awaited for Alcoa Inc. start the U.S. earnings season and for the Euro block finance ministers' meeting in Brussels. The Stoxx 600 inched up 0.7% to 290.39 and the equity benchmark gained 1% on July 5 following better-than-expected employment data.

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Mon, 08 Jul 2013 09:23:05 GMT

European stocks rise, while shares in Asia drop

European stocks jumped before euro-zone's finance ministers' meeting, while Asian shares fell due to better-than-expected U.S. jobs data, which added to concerns that the Fed might unwind its QE and led to capital outflow. The Stoxx Europe 600 Index increased 0.8% so far today after gaining 1.2% last week. The MSCI Asia Pacific Index dropped 1.5%

Mon, 08 Jul 2013 09:15:07 GMT

Biggest decline for Chinese shares in two weeks

Chinese shares fell the most in 14 days as energy and industrial company indexes dropped to the lowest level in almost five years. The Shanghai Composite Index declined 2.4% to 1,958.27 at the close, after gaining 1.4% previous week, while the CSI 300 Index slipped 2.8% to 2,163.62. The Hang Seng China Enterprises Index slid 1.1% in Hong Kong.

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