Europe's main stock markets hit the pause button Friday as investors mulled an uninspiring European Central Bank decision, but London smoked out gains from a vast tobacco takeover.
Stock markets in Europe were mixed on Thursday after the European Central Bank signaled no changes to its bond-buying stimulus program set to expire in just over five months.
The terror threat in Europe, a strong dollar and uncertainty over the U.S. presidential elections have eroded the confidence of the globe's big-spenders, holding luxury purchases flat in 2016, according to a study released Thursday.
A global stocks rally stuttered Wednesday as dealers mulled Chinese growth numbers, ahead of the final U.S. presidential debate and on the eve of a eurozone interest rate decision.
World stocks forged higher Tuesday on uncertainty over the future path for U.S. interest rate hikes, while London shrugged off news of surging inflation.
Most Asian markets fell Monday following healthy gains at the end of last week, with investors betting the Federal Reserve will hike interest rates before the end of the year.
Iran's deputy oil minister had said that a preliminary agreement by Organization of Petroleum Exporting Countries (OPE) member nations to limit oil output to between 32.5 million and 33 million barrels per day is a "small step, but in the right direction."
China's President Xi Jinping warned Sunday that the global economy remained in a precarious condition as leaders of the BRICS group of nations tried to find ways to fire up growth in the troubled bloc.1 Comment
Asian and European markets climbed Friday following news Chinese factory gate prices increased for the first time in more than four years and as investors looked ahead to U.S. retail figures, while the death of Thailand's king sparked bargain-buying after suffering a sell-off in his final days.
Shares in Taiwan closed below the 9,200- point level Friday as chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) and smartphone camera lens supplier Largan Precision Co. (大立光) failed to respond positively to their third-quarter results, dealers said.