Stocks

DUBAI / Reuters Egypt’s stock market outperformed its Gulf peers on Wednesday on the back of strong first-quarter earnings and positive news from a real estate developer, while Saudi Arabia saw increased activity as traders took positions ahead of Ramadan. Egypt’s index rose 1.0 percent as real estate firm Sixth of October Development (SODIC) jumped 4.2 percent to a four-month ...

Bloomberg The dollar weakened for a fifth day as traders digested disappointing US housing data against a backdrop of a fresh controversy engulfing President Donald Trump. US stock futures advanced amid earnings. The greenback fell against most of its major peers after a report the president shared terrorism intelligence with Russian officials, an action he has since defended. An unexpected ...

Bloomberg Crude rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities and spurring the currencies of major exporters. US stocks advanced, while the dollar retreated West Texas Intermediate jumped more than 3 percent after Saudi Arabia and Russia said they’d extend a production-cut deal longer than expected. The Australian and ...

Bloomberg European stocks retreated for the first time in three days as gains for mining shares and a boost to growth forecasts failed to dispel a broader mood of caution. Gold was poised to snap its six-day losing streak amid a wider commodity bounce. The Stoxx Europe 600 Index declined following a raft of corporate results. While companies including Telefonica, ...

  Bloomberg US stock futures slipped and the dollar’s rally faltered after Donald Trump fired FBI Director James Comey. Oil climbed following an industry report that showed American stockpiles declining for a fifth week. The greenback headed for the first drop in three days in the wake of Trump’s move, and after Federal Reserve Bank of Dallas President Robert Kaplan ...

  Bloomberg All Chinese stock indexes are not equal. As Beijing intensifies a campaign to clean up markets and reduce leverage, state-owned enterprises that dominate old growth industries, such as banks and commodity producers, have been among the worst hit, while new-economy shares remain in favor among overseas investors. That’s led to a yawning gap between the nation’s two main ...

  Bloomberg Europe’s common currency weakened and equities dropped following a convincing defeat of populism in France’s presidential election that investors had already priced in. Crude fluctuated even as Saudi Arabia and Russia signaled output cuts will be extended. The euro fell after climbing for five of the past six days in the buildup to the election of Emmanuel Macron ...

  Bloomberg Pearson Plc Chief Executive Officer John Fallon suffered the largest shareholder rebellion so far this year in the UK, with about 61 percent of votes cast against the education company’s pay report at the annual general meeting. The vote on the report, which covers pay for 2016 and includes share awards, isn’t binding and doesn’t require the company ...

  Bloomberg US stock futures pointed to a higher opening and European equities advanced amid positive earnings reports. Brent crude slid below $50 a barrel for the first time since March, while the rout in metals prices worsened. The S&P 500 Index looked to snap a string of meager moves, and the Euro Stoxx 600 climbed as Met Life Inc. ...

  Bloomberg US stock futures pointed to a downbeat opening after European shares fell from a 20-month high as investors digested poor overnight news on Apple Inc. earnings. The dollar strengthened before a Federal Reserve meeting where policy makers will need to mull over another soft patch in the US economy. Apple Inc. fell 1.2 percent in pre-market New York ...