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Europe stocks end lower; banks weigh, commods up
15 Dec 2008 source: iii.co.uk

By Joanne Frearson LONDON, Dec 15 (Reuters) - European shares ended lower in choppy trade on Monday on worries about a deep recession but falls among banks were offset by a rise in commodities tracking firm crude and metal prices. The pan-European FTSEurofirst 300 index of top European shares ended down 0.3 percent at 827.25 points after being up as much as 843.89 points. "The market was h ...


Key cbanker says Poland may need bigger rate cuts
15 Dec 2008 source: iii.co.uk

WARSAW, Dec 15 (Reuters) - Poland's rate-setting Monetary Policy Council (MPC) may need to cut interest rates by more than 25 basis points due to worsening economic conditions, key MPC swing voter Andrzej Slawinski was quoted as saying on Monday. "Is there a need to highlight the (monetary policy) easing action with a bigger (than 25 basis points) cut? It may be so when one considers ...


Glance-FTSE ends down 0.1%; weak banks offset strong oils
15 Dec 2008 source: iii.co.uk

By Jon Hopkins LONDON, Dec 15 (Reuters) - Britain's top share index ended 0.1 percent lower Monday as gains in commodity issues were countered by weak banks and insurers and as Wall Street fell ahead of Tuesday's U.S. interest rate decision. At the close, the FTSE 100 was down 2.79 points at 4,277.56, off the session low of 4,257.34 but below the peak of 4,340.70. The UK blue chip index gained  ...


Glance-FTSE ends down 0.1%; weak banks offset strong oils
15 Dec 2008 source: iii.co.uk

By Jon Hopkins LONDON, Dec 15 (Reuters) - Britain's top share index ended 0.1 percent lower Monday as gains in commodity issues were countered by weak banks and insurers and as Wall Street fell ahead of Tuesday's U.S. interest rate decision. At the close, the FTSE 100 was down 2.79 points at 4,277.56, off the session low of 4,257.34 but below the peak of 4,340.70. The UK blue chip index gained  ...


Europe shares fall as recession worries weigh
15 Dec 2008 source: iii.co.uk

By Joanne Frearson LONDON, Dec 15 (Reuters) - European shares fell in choppy trade on Monday as worries about a deep recession weighed on the market, with banks leading the losers list, but commodities gained tracking higher crude and metal prices. The pan-European FTSEurofirst 300 index of top European shares provisionally closed down 0.3 percent at 826.88 points, having been up as much  ...


Glance-STOCKS NEWS EUROPE-UK Small Caps close 0.5 percent higher ...
15 Dec 2008 source: iii.co.uk

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 16:54GMT 15Dec2008-UK Small Caps close 0.5 percent higher --------------------------------------------------------- The FTSE Small Cap index closes 0.5 percent higher, in line with the midcaps, while the blue chips end down 0.1 percent. Sustainable energy specialist Energetix  ...


STOCKS NEWS US-Housing cos dive ahead of housing starts
15 Dec 2008 source: iii.co.uk

Stocks on the move Real-Time Equity news U.S. stock market report 1200 ET 15Dec2008-Housing cos dive a day before housing starts figures ------------------------------------------------------------------------------ Housing and construction companies fell on Monday a day before the U.S. Commerce Department is expected to report another monthly drop in housing starts. U.S.  ...


UPDATE 1-Norway crown plumbs record low on rate cut views
15 Dec 2008 source: iii.co.uk

OSLO, Dec 15 (Reuters) - The Norwegian crown fell to its lowest level ever against the euro on Monday due to a global flight from periphery currencies and a gradual pricing in of expected bigger interest rate cuts in Norway, analysts said. The crown hit an all-time low of 9.4462 against the euro , down 6 percent so far this month and below the previous low of 9.3217 set in late October. At ...


US STOCKS-Wall St falls as techs, banks weigh
15 Dec 2008 source: iii.co.uk

By Leah Schnurr NEW YORK, Dec 15 (Reuters) - U.S. stocks fell on Monday as tech companies were hurt by concern over waning consumer spending and financials stumbled ahead of results from Goldman Sachs and Morgan Stanley. With the holiday shopping season in full swing, fears about weak consumer spending dragged on shares of Apple. Goldman Sachs cut its rating on the iPod maker and its shar ...


STOCKS NEWS US-Furniture Brands falls after downgrade
15 Dec 2008 source: iii.co.uk

Stocks on the move Real-Time Equity news U.S. stock market report 1049 ET 15Dec2008-Furniture Brands falls after downgrade ------------------------------------------------------------------------------ Shares of Furniture Brands fell over 15 percent to $2.42 on Monday after Raymond James lowered its rating on the stock to an underperform from a market perform. The firm sai ...


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