Europe: Stocks up for 8th session as oil surge boosts energy stocks

[BENGALURU] Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check.

Italy's MIB slipped nearly 0.3 per cent, while Spain's IBEX lost 0.6 per cent as banks weighed ahead of earnings.The oil and gas sector hit a six-month high, up 2 per cent, with Royal Dutch Shell, British Petroleum and Total, up between 1.8 per cent and 2.6 per cent.Oil prices hit their highest since November after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Plane maker Airbus' shares hit an all-time high with a management shake-up spreading to its space unit. Rival Boeing is set to report results on Wednesday, while other auto manufacturers such as United Technologies and Lockheed Martin reported solid profits. Umicore's slide weighed heavily on Belgium's blue chip Bel 20 Index, pulling it 1.2 per cent lower to post its biggest one-day drop in a month.The banking index broke a six-day winning run with major European banks as UBS, Credit Suisse and Barclays slated to report earnings late this week following last week's mixed bag of results from big Wall Street banks.

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Europe: Stocks dip at open[LONDON] Europe's main stock markets eased at the start of trading on Wednesday, with London's benchmark FTSE 100 index down 0.2 per cent at 7,458.02 points. Read more at The Business Times.
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Europe: London stocks open higher; eurozone flat[LONDON] London's benchmark FTSE 100 index climbed 0.3 per cent to 7,480.32 points on Tuesday after a surge in oil prices boosted shares in heavyweight energy companies BP and Shell. Read more at The Business Times.
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Europe: Shares rise as short covering, earnings help temper growth worries[BENGALURU] European shares ended higher on Thursday as short covering kicked in ahead of a long Easter weekend and strong quarterly results including those from Unilever and Nestle tempered data showing euro zone businesses unexpectedly slowed this month. Read more at The Business Times.
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Stocks to watch: Keppel Corp, Keppel-KBS US Reit, SPH, MLT, Cache, AA ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
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Singapore stocks: STI resumes Wednesday afternoon at 3,348.56, up 0.5% on daySINGAPORE stocks edged up as trading resumed on Wednesday afternoon, with the Straits Times Index heading up 0.50 per cent or 16.52 points to 3,348.56 as at 1.01pm. Read more at The Business Times.
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Tokyo: Stocks open higher after Wall Street gains[TOKYO] Tokyo stocks opened fractionally higher on Wednesday tracking rallies on Wall Street, as investors awaited a series of Chinese economic indicators due later in the day. Read more at The Business Times.
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