Reuters Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by 115 to 31. Most petrochemical producers fell, with Saudi Kayan Petrochemical losing 0.7 percent. The largest dairy …
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Stocks wobble, finish mixed as GOP pulls plug on health bill
AP US stocks flirted with sharp losses but managed a mixed finish during the weekend, after Republicans cancelled a vote on their health care bill because it became clear the bill would fail. Hospital stocks soared in response, while companies that stand to benefit from other Trump proposals faltered. For the second day in a row, stocks started higher …
Read More »Shares of China’s Huishan Dairy sinks 85%
Bloomberg Shares of China Huishan Dairy Holdings Co. sank by a record 85 percent in Hong Kong before the company halted trading. The sudden crash wiped out about $4.1 billion in market value. A record 779 million shares in the Shenyang-based company changed hands, the most on Hong Kong’s exchange. Chairman Yang Kai said online speculation its largest shareholder …
Read More »European stocks rise, Asia bounces back
Bloomberg European stocks climbed, led by mining and bank shares, as lenders borrowed more than double what was forecast under the European Central Bank’s TLTRO program. The Stoxx Europe 600 Index advanced 0.3 percent to 375.21 as of 11:31 a.m. London time, set to end three days of losses. European miners extended their gains to 0.9 percent, following metals …
Read More »US treasuries gain as health vote looms
Bloomberg Markets struck a cautious tone, with US stocks fluctuating and Treasuries gaining a fifth day, as investors watched developments in Washington for clues on the prospects for the Trump administration’s pro-growth policies. The S&P 500 Index was little changed, as futures erased gains after House Republicans postponed a planned meeting on the health-care bill. The measure’s outcome is …
Read More »US stocks mixed as rout eases, treasuries rise
Bloomberg US stocks fluctuated after suffering the first 1 percent decline since October, while havens from Treasuries to the yen remained in demand as investors assessed the prospects for pro-growth policies in America. The S&P 500 Index struggled for direction in afternoon trading, with gains in technology shares offset by renewed selling in banks that bore the brunt of …
Read More »Asia shares sink as investors fret over Trump reforms
SEOUL / AP Shares fell in Asia on Wednesday after US stocks took their biggest loss in five months. The sell-off overnight on Wall Street was spurred by obstacles to a health care bill backed by President Donald Trump that also raised questions over prospects for his agenda of boosting growth by cutting taxes and regulations. Japan’s Nikkei 225 …
Read More »Drugmakers weigh on Indian stocks amid US regulatory concerns
Bloomberg India’s benchmark index edged lower as drugmakers declined on concern US Food and Drug Administration regulations would hurt the companies. The S&P BSE Sensex dropped 0.1 percent at the close, while NSE Nifty 50 Index was down less than 0.1 percent, erasing an earlier gain of 0.2 percent. Divi’s Laboratories Ltd. fell 20 percent after saying the FDA …
Read More »Europe boosted by banks’ biggest rally in three weeks
Bloomberg European stocks rose toward their highest level in 15 months as banks followed gains in the region’s bond yields. The Stoxx Europe 600 Index added 0.4 percent at 1:24 p.m. in London. Yields on short-dated German bonds rose as investors unwound hedges against French election risks after polls showed centrist candidate Emmanuel Macron bested anti-euro rival Marine Le …
Read More »US stocks rise as dollar falls with treasuries
Bloomberg US stocks halted a three-day slide, while the dollar extended its decline as Fed officials weighed the pace of borrowing-cost hikes. The euro rose to the strongest in more than a month after a French presidential debate eased concern about a populist win in the election. Technology shares led gains in the S&P 500 Index, while European equities …
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