Key Europe indexes rise on heels of Japan's Nikkei
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 9:18 am, Monday, February 18, 2013
PARIS (AP) — Europe's main stock market indexes nosed higher on Monday as investors cautiously contemplated a further fall in value for the Japanese yen, which sent the benchmark Nikkei index surging more than 2 percent. Traders also digested the relative lack of criticism of Japan at a weekend meeting of Group of 20 finance ministers. In a brief research note Monday, Credit Agricole's global market research department said it expects the markets' focus to remain this week on the prospects for recovery among the 17 European Union countries that use the euro. [...] Monday, French Finance Minister Pierre Moscovici said he is sticking to the Socialist government's increasingly tenuous goal to cut France's state budget deficit to 3 percent of economic output by year-end. Moscovici, speaking to reporters in Paris, said he didn't believe France's credibility would be hurt if "something exceptional intervened" that could possibly scale back the deficit reduction target. Shares of mining giant Anglo-American skidded 2.9 percent to 19.80 pence in London after police in South Africa said several people were shot and injured as miners from rival unions clashed at one of its platinum mines. Reported by SeattlePI.com 10 hours ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 9:18 am, Monday, February 18, 2013
PARIS (AP) — Europe's main stock market indexes nosed higher on Monday as investors cautiously contemplated a further fall in value for the Japanese yen, which sent the benchmark Nikkei index surging more than 2 percent. Traders also digested the relative lack of criticism of Japan at a weekend meeting of Group of 20 finance ministers. In a brief research note Monday, Credit Agricole's global market research department said it expects the markets' focus to remain this week on the prospects for recovery among the 17 European Union countries that use the euro. [...] Monday, French Finance Minister Pierre Moscovici said he is sticking to the Socialist government's increasingly tenuous goal to cut France's state budget deficit to 3 percent of economic output by year-end. Moscovici, speaking to reporters in Paris, said he didn't believe France's credibility would be hurt if "something exceptional intervened" that could possibly scale back the deficit reduction target. Shares of mining giant Anglo-American skidded 2.9 percent to 19.80 pence in London after police in South Africa said several people were shot and injured as miners from rival unions clashed at one of its platinum mines. Reported by SeattlePI.com 10 hours ago.