Stocks and markets in the News | Europe -MiddleEast

Europe-MiddleEast

Apple court victory rallies hard-hit Nokia shares A ruling against rival Samsung Electronics in a landmark patent trial sends shares of Nokia soaring, on the view that the Finnish handset maker may have an opportunity to grab back some much-needed market share. 15 min ago

Nokia, banks drive afternoon gains for Europe Stock markets end higher in Frankfurt and Paris, while Nokia rallies in Helsinki after a U.S. court rules against rival Samsung in a patent dispute with Apple. 12:17 p.m. Today

Europe stocks higher, led by banks, Nokia MADRID (MarketWatch) -- European stock markets shifted higher on Monday, after a morning session in negative territory, with banks and telecommunications equipment makers leading the gains. The Stoxx Europe 600 index rose 0.3% to 268.82, led by a 10% gain for Nokia Corp. , soaring after a federal court ruling against its rival Samsung Electronics Co. in a patent battle with Apple Inc. . Banks were also in the black, with the German DAX 30 index up 0.9% to 7,031.48, led by a 3.3% rise for Deutsche Bank AG . Shares of Infineon Technologies AG rose 2.5%. The French CAC 40 index rose 0.6% to 3,453.12, led by a 2.7% rise for BNP Paribas SA up 2.8% and STMicroelecronics NV up 2.2%. London markets were closed for a holiday. 8:34 a.m. Today

Europe-MiddleEast Headlines

Spain revises down growth for 2010, 2011 MADRID (MarketWatch) -- Spanish gross domestic product grew by less than originally estimated for 2011 and 2010, the national statistics office reported Monday. According to fresh data, the economy grew just 0.4% in 2011, versus a prior estimate of 0.7%. The economy contrated 0.3% in 2010, deeper than the prior estimated contraction of 0.1%. Gross domestic product data for 2009 was unchanged at a contraction of 3.7%, while 2008 also remained the same, showing growth of 0.9%.
5:49 a.m. Today

Spain may only use €60B of EU bank rescue fund Spain may only tap about 60 billion euros of a €100 billion bank rescue fund from the European Union, Spain’s Finance Minister Luis de Guindos said in an interview with the New York Times.
5:36 a.m. Today

Europe stocks mostly lower; London closed MADRID (MarketWatch) -- European stock markets opened mostly lower on Monday, with oil, drug and banking companies leading the decline. Weighing on volumes, London markets were closed for a bank holiday. The Stoxx Europe 600 index was flat at 267.82, with Total SA down 0.7% and Sanofi SA nearly 1% lower. The French CAC 40 index fell 0.4% to 3,420.24, dragged by those blue chips, but Renault SA rose 1%. The German DAX 30 index fell 0.2% to 6,955.87, led by a 0.5% drop for Allianz SE .
3:12 a.m. Today

FTSE 100 closes flat; drops 1.3% on the week Late buying leaves London’s widely followed equities benchmark unchanged to cap off a bearish week in which it fell 1.3%.
1:07 p.m. Aug. 24, 2012

Europe stocks break 11-week winning streak A sudden, late Friday jump higher for European stock markets isn’t sufficient to ensure continuation of what was 11 week winning streak, as investors grow wary about the outlook for global growth and further monetary stimulus.
12:42 p.m. Aug. 24, 2012

Europe stocks extend losses, Stoxx 600 off 0.3% LONDON (MarketWatch) -- European stock markets extended losses in midday action on Friday, after a news report said that the European Central Bank may push back details of its plan to buy government bonds until a German court rules on Europe's permanent rescue fund on Sept. 12. The central bank is still working on the program and may not be able to finish it before ECB President Mario Draghi's monthly news conference on Sept. 6, Bloomberg reported, citing two central bank officials. The Stoxx Europe 600 index fell 0.3% to 266.99. Germany's DAX 30 index slumped 0.5% to 6,916.49, while France's CAC 40 index dropped 0.5% to 3,416.75. The U.K.'s FTSE 100 index gave up 0.3% to 5,757.01.
7:59 a.m. Aug. 24, 2012

Fitch: Spain aid request wouldn't prompt downgrade MADRID (MarketWatch) -- A request by the Spanish government for additional financial support from the European Financial Stability Facility/European Stability Mechanism (ESFS/ESM) via purchases of sovereign debt in the primary or secondary market wouldn't necessarily prompt a downgrade, said Fitch Ratings on Friday. Fitch said if sovereign bond buys by the EFSF/ESM were supported by secondary market purchases by the European Central Bank, that would greatly help cut the risk of a "self-fulfilling liquidity crisis," help the government keep its access to affordable market financing and ease pressure on Spain's sovereign ratings. But sole reliance on policy conditional external financing would prompt a review of Spain's ratings, said Fitch. It considers this scenario unlikely and expects Spain to make good progress towards addressing macro-financial imbalances, along with finanicial support from the ESM/ESFS and the ECB.
6:46 a.m. Aug. 24, 2012

Europe stocks mostly lower; Nokia jumps 4% MADRID (MarketWatch) -- European stock markets opened mostly lower on Friday, tracking sharp losses in Asia as investors grew wary of the potential for more monetary easing. The Stoxx Europe 600 index was slightly lower at 267.54, with shares of Banco Santander SA [es: san] down 1%, while shares of Nokia Corp. jumped 4%. Overnight, a South Korean court ruled on mutual patent lawsuits between Samsung Electronics Co. and Apple Inc. . Miners were among the bigger losers, with BHP Billiton PLC off nearly 2%, leaving the FTSE 100 index off 0.2% to 5,767.50. The German DAX 30 index was flat at 6,946.31 and the French CAC 40 index was off 0.1% to 3,428.12.
3:14 a.m. Aug. 24, 2012

Video

BlackRock Betting on Southeast Asia

• BlackRock Betting on Southeast Asia 4:15
  Trading Strategies: Go for Portfolio Gold 0:43
  Best Offense Is a Cyclical Defense 2:53
  Facebook Fails to Impress 2:34
• Apple's Earnings Miss Wall Street Targets 2:10
  Colombia: Retail, Construction Driving Growth 5:39
  Peru's Economy Booms, as Mining Draws Investment 6:42
  U.S. Week Ahead: Earnings from Apple, Facebook 3:15
• Google's Ad Business Improves 2:35
  Microsoft Posts Rare Loss 1:31

More Europe-MiddleEast Stories

Groupon's senior sales executive to leave: Reuters 2:27 a.m. Aug. 24, 2012

FTSE 100 trades choppy as data disappoint 12:39 p.m. Aug. 23, 2012

Europe stocks fall after weak PMI, U.S. data 12:35 p.m. Aug. 23, 2012

Spain to impose losses for banks getting state aid 10:21 a.m. Aug. 23, 2012

Bank of Spain may get new bank-closing powers 9:26 a.m. Aug. 23, 2012

Europe stocks erase gains, Stoxx 600 off 0.3% 8:16 a.m. Aug. 23, 2012

Europe stocks trim gains after PMI data 4:40 a.m. Aug. 23, 2012

Hopes for Fed stimulus drive early Europe gains 3:16 a.m. Aug. 23, 2012