Stocks

Earnings boost stocks, euro retreats as ECB meets

Bloomberg Stocks rose Wednesday on earnings strength, with the S&P 500 Index and Nasdaq Composite Index adding to Tuesday’s record highs. The euro retraced some recent gains as European policy makers gathered in Frankfurt before Thursday’s rate decision. Oil fluctuated. It was a day of reversing trends in Europe, with the common currency coming off the highest close since August ...

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Dollar falls as ‘reform hopes’ dim

Bloomberg US stocks fell and the dollar slid to an 11-month low as President Donald Trump’s economic revitalization agenda once again faltered. European shares dropped amid earnings disappointments, and gold climbed to the highest in two weeks. The greenback lost ground against all but one of its G-10 peers on signs Trump’s health-care reform bill is effectively dead in its ...

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Region falls; weak earnings hit Egypt

DUBAI / Reuters Middle East stock markets fell on Tuesday as a tumble by real est-ate developer DAMAC caused Dubai to break a seven-session ris-ing streak and weak corporate earnings helped to pull down Egypt’s bourse. The Egyptian blue chip index, which had closed at a record high on Monday, sank 1.7 percent in rising turnover – a negative technical ...

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Asia stocks ex-Japan rise to two-year high

Bloomberg Asian equities ex-Japan rose to their highest in two years as better-than expected economic data in China and receding bets on rate hike by US boosted the growth outlook for the region. China small-cap shares fell amid regulatory concerns. The MSCI Asia Pacific Index ex-Japan rose for a sixth straight session, adding 0.3 percent to 519.85 as of 4:30 ...

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US stocks, bonds jump on go-slow Fed; oil climbs

Bloomberg US stocks rose with Treasuries, while the dollar retreated after Janet Yellen signaled the Federal Reserve won’t rush to tighten monetary policy as inflation remains persistently below target. The S&P 500 Index climbed within 1 percent of an all-time high, joining a rally in European equities as Yellen expressed confidence in the American economy while suggesting inflation rates won’t ...

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Energy shares give a boost to Indian stocks

DUBAI / Reuters India’s main stock indexes capped a third day of record highs, paced by a rally in energy shares. A gauge of mid-cap stocks also climbed to an all-time level. The benchmark S&P BSE Sensex gained 0.2 percent to 31,804.82 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index rose 0.3 percent. The Nifty’s ...

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Hong Kong stocks rise

DUBAI / Reuters Hong Kong stocks rose for a third day, closing above the key 26,000 level for the first time in more than a month, as banks led the gains. The Hang Seng Index advanced 0.6 percent to 26,043.64 at the close. Banks accounted for the benchmark’s top three gainers, with Industrial & Commercial Bank of China Ltd. and ...

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US stocks fluctuate, dollar climbs as oil dips

Bloomberg US stocks edged lower, while the dollar strengthened versus the yen in listless trading before Federal Reserve Chair Janet Yellen testifies to Congress this week and companies begin to deliver second-quarter results. The S&P 500 Index was little changed in weak trading, while technology shares retreated before banks kick off earnings. European equities declined as energy producers slid when ...

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Banking shares lead Mideast higher ahead of Fed testimony

DUBAI / Reuters Blue-chip banks pushed Middle East stock markets slightly higher on Tuesday, a day ahead of the testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten US monetary policy. Yellen’s semi-annual monetary policy testimony before Congress will be on Wednesday and Thursday. San Francisco Federal Reserve President John Williams said on ...

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US stocks rise on tech bounce

Bloomberg Technology shares drove gains in US equities, while natural gas and crude lifted commodities. The dollar strengthened with Treasuries as investors prepare to parse second-quarter earnings for more evidence global economic growth is back on track. The S&P 500 Index rose for a second day as tech shares rebounded from last week’s selloff. Trading was light, with the volume ...

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