Europe Market Report Europe open: Stocks slide as EU looks set to tighten Russian sanctions European stocks declined as the EU edged closer to tightening sanction against Russia. The EU will add more individuals this week to a list of those facing visa bans and asset freezes in Russia as deadly clashes between government troops and rebels escalated. In Greece, European finance ministers began working on reviving the nations troubled rescue programme after Syriza leader Alexis Tsipras took office. Ministers on Monday agreed to work with the new government to help keep Greece in the euro, Dutch Finance Minister Jeroen Dijsselbloem said. Turning to Tuesdays agenda, there is a raft of economic data releases. At 09:30 London time a report is forecast to show UK gross domestic product rose 2.8% year-on-year in the fourth quarter. In the US later on, the focus will be on the release of figures on durable goods orders, consumer confidence, services activity and new home sales. Company-wise, Siemens slumped as the European engineering company reported a fall in first quarter profit. Royal Philips NV dropped after saying it is falling short of its 2016 financial targets following shipment delays, currency impact and weakness in some of its markets. Easyjet gained after reporting an increase in first-quarter revenue, as the airline expanded its capacity. The euro rose 0.69% to $1.316.
Posted on: Tue, 27 Jan 2015 11:22:39 +0000
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