Nomura rounds up markets’ biggest misses in 2016

Forecasting markets a year in advance is never easy, but with “year-ahead investment themes” season well underway, Nomura has provided a handy reminder of quite how difficult it is, with an overview of markets’ biggest hits and misses (OK, mostly misses) from the start of 2016. The biggest miss among analysts, according to Nomura’s Sam […]

Continue Reading


Spanish construction rebuilds after market collapse

Property developer Olivier Crambade founded Therus Invest in Madrid in 2004 to build offices and retail space. For five years business went quite well, and Therus developed and sold more than €300m of properties. Then Spain’s economy imploded, taking property with it, and Mr Crambade spent six years tending to Dhamma Energy, a solar energy […]

Continue Reading


Euro suffers worst month against the pound since financial crisis

Political risks are still all the rage in the currency markets. The euro has suffered its worst slump against the pound since 2009 in November, as investors hone in on a series of looming battles between eurosceptic populists and establishment parties at the ballot box. The single currency has shed 4.5 per cent against sterling […]

Continue Reading


RBS falls 2% after failing BoE stress test

Royal Bank of Scotland shares have slipped 2 per cent in early trading this morning, after the state-controlled lender emerged as the biggest loser in the Bank of England’s latest round of annual stress tests. The lender has now given regulators a plan to bulk up its capital levels by cutting costs and selling assets, […]

Continue Reading


China capital curbs reflect buyer’s remorse over market reforms

Last year the reformist head of China’s central bank convinced his Communist party bosses to give market forces a bigger say in setting the renminbi’s daily “reference rate” against the US dollar. In return, Zhou Xiaochuan assured his more conservative party colleagues that the redback would finally secure coveted recognition as an official reserve currency […]

Continue Reading

Categorized | Equities

European stocks join FTSE in negative territory

Posted on November 11, 2016

The Europe-wide Stoxx 600 index has swung into negative territory after starting the day positively, while the FTSE 100 has extended its losses as the post-election stock market rally comes to an end.

The Stoxx 600 is down 0.03 per cent at publication time, having climbed more than 0.6 per cent in early trading.

Gold miners and companies exposed to emerging markets are among the biggest fallers, but financial groups have also lost some of their earlier gains, with the Euro Stoxx Banks Index down 0.6 per cent at publication time, having risen 1.4 per cent at the open.

Shares in Aberdeen Asset Management are on track for their worst day since June, down 5.6 per cent, while Standard Chartered shares are down 4.7 per cent. The two stocks are often treated as a proxy for exposure to emerging markets, where fears are growing about Donald Trump’s proposals for more protectionist trade policies.

The FTSE 100, which opened with a slight rise, is now down 1.2 per cent, encouraged by a rally in the pound.