Bloomberg The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned after an anticipated North Korean missile test failed to materialise and Hurricane Irma struck the US with less force than feared. Gold, the yen and the Swiss franc all fell. Bloomberg’s dollar index was headed for the first increase in eight days, while US stocks ...
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Brexit fallout drives UK firms to Nasdaq’s Nordic market
Bloomberg The head of European listings at Nasdaq Inc. says Britain’s decision to leave the European Union is driving more UK companies to its Nordic market. Nasdaq Nordic now expects up to 15 percent of its initial public offerings and listings in 2018 could be made by companies outside the region. Most of the approaches it’s getting are from UK ...
Read More »US stocks rally despite Irma threat
Bloomberg US stocks opened higher on Wednesday, even as North Korean tensions continued to simmer, another hurricane tore through the Caribbean and the American debt ceiling loomed. The S&P 500 Index resumed its rally after a one-day setback and US Treasuries edged lower following dovish comments from Federal Reserve officials sparked a surge. West Texas Intermediate crude traded above $49 ...
Read More »Dollar slips, Treasuries rise ahead of a big week for central bank
Bloomberg The dollar slipped and Treasuries rose as traders shifted focus from North Korea to a week packed with central-bank decisions, Federal Reserve speakers and economic data that will help illuminate the path of the global economy. The S&P 500 fell after a six-day rally as US markets reopened following the Labor Day holiday. The Stoxx Europe 600 Index traded ...
Read More »Stocks decline, gold climbs as N Korea tensions flare up
Bloomberg Stocks fell and gold and the yen climbed as geopolitical tensions flared up again, with U.S. President Donald Trump weighing new economic sanctions that could target China after a nuclear test on Sunday by North Korea. The Stoxx Europe 600 Index declined, with all industry sectors in the red, after a report that Pyongyang is preparing to launch an ...
Read More »Asia stocks rally as concerns of rising geopolitical risk ease
Bloomberg Asian equities advanced as fears of escalating geopolitical risk eased following US President Donald Trump’s tempered response to North Korea’s launch of a ballistic missile across Japan. More than two stocks rose for each share that declined on the MSCI Asia Pacific Index, which gained less than 0.2 percent to 160.47 as of 4:31 p.m. in Hong Kong, following ...
Read More »Stocks drop, havens rally on N Korea fears
Bloomberg Stocks slumped across Europe and Asia and havens including gold jumped after North Korea fired a ballistic missile over Japan, rattling markets from London to Sydney. Gasoline climbed as energy companies braced for another hit from Tropical Storm Harvey. As equities retreated, volatility rose and bonds gained in classic risk-off moves. US stock futures also tumbled, Treasuries jumped and ...
Read More »Stocks rise as traders weigh Harvey
Bloomberg US stocks edged higher, the dollar struggled and gold rose as investors weighed the damage from Tropical Storm Harvey. European stocks started the week on the back foot following Friday’s euro surge, but managed to pare a drop. Gasoline surged to the highest in two years and oil declined as flooding from Harvey inundated refining centers along the Texas ...
Read More »Low investor turnout before Eid hits bourses
DUBAI / Reuters Thin news flow and upcoming Islamic holidays towards the end of the week kept many long-term equity investors away on Sunday, leaving stock markets in the Middle East vulnerable to profit- taking, but Kuwait’s index bucked the trend. “Speculators are booking capital gains while long-term investors were dormant,†said a Jeddah-based broker. Stock markets are often sparsely ...
Read More »Euro gains as economy gathers pace
Bloomberg The euro gained as European data boosted confidence in the region’s growth and a speech by ECB President Mario Draghi steered clear of any policy or currency comments to deter bulls. Gold and yen rose and stocks fell as remarks by President Trump provoked another bout of investor caution. The surprise increase in a gauge of euro-region manufacturing did ...
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