Bloomberg The dollar slipped to a six-week low, boosting commodities from copper to crude as the post-election rally continued to falter in the Trump administration’s early days. US stocks fluctuated as investors assessed a slate of mixed corporate results. The Bloomberg Dollar Spot Index headed for its longest slump since November, extending losses after weak housing data. Johnson & …
Read More »Stocks
US stocks climb on earnings as commodities rally
Bloomberg US stocks advanced after the largest American housing company’s earnings topped estimates in a sign the tighter labor market is boosting consumers. The dollar slipped, sending a gauge of commodities to a seven-month high. An S&P measure of housing stocks surged more than 3 percent after D.R. Horton Inc.’s results, helping the S&P 500 Index to a gain …
Read More »European stocks hit three-week low as Trump reality sets in
Bloomberg European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary fiscal spending measures. …
Read More »US stocks gain after inauguration; consumer shares increase
Bloomberg US stocks rose as an increase in crude oil spurred gains in energy companies. The benchmark index pared earlier gains as President Donald Trump delivered his inauguration address. Consumer staples shares climbed as Procter & Gamble Co. reported quarterly earnings that topped estimates. The S&P 500 Index added 0.3 percent to 2,271.29 at 4 p.m. in New York …
Read More »European stocks little changed as investors focus on Trump oath
Bloomberg European stocks closed little changed as investors turned their focus to the inauguration of Donald Trump as US president, and whether he can continue to fuel investor expectations of stronger economic growth boosted by more deficit spending and tax cuts. The Stoxx Europe 600 Index fell less than 0.1 percent at the close. The index has lost momentum …
Read More »Chinese investors see silver lining for stocks as bonds tumble
Bloomberg For some China investors, the outlook for bonds is becoming a compelling reason to buy stocks. December’s debt selloff, the biggest in six years, may just be the start as policy makers crack down on speculative trading, according to HFT Investment Management Co. With the Shanghai Composite Index one and a half years on from its own bubble …
Read More »Kenyan stocks, world’s worst this year, set to fall further
Bloomberg Kenyan stock prices at more than three-year lows may have further to fall with domestic investors favoring bonds and foreign buyers waiting for lower valuations, the head of the bourse said. Shares on the Nairobi Securities Exchange have dropped 6.9 percent since Jan. 1, extending last year’s 8.5 percent decline, because of jitters among investors about elections scheduled for …
Read More »European stocks pare drop as May says ‘Brexit deal will need vote’
Bloomberg European stocks pared their decline on Tuesday after UK Prime Minister Theresa May laid out her intentions on Brexit while supporting a strong European Union. The Stoxx Europe 600 index dropped 0.1 percent at 12:37 p.m. in London, recovering from a 0.7 percent slide earlier, still held lower by declines in mining and automaker stocks. May ruled out …
Read More »Emerging-market currencies and stocks slide on trade jitters
Bloomberg Emerging-market assets declined as concern grew that threats to global trade and growth are proliferating. Mozambique’s international bond tumbled after the nation said it won’t make an interest payment on January 18. The MSCI Emerging Markets Index dropped the most in more than three weeks and a gauge of currencies slipped for the first time in three days. …
Read More »Emerging-market stocks little changed as Mexico’s peso climbs
Bloomberg Emerging-market stocks and currencies were little changed after US economic data bolstered the case for higher interest rates that could dim investors’ appetite for riskier assets. Mexico’s peso and Turkey’s lira rose. Shares and currencies in emerging markets struggled to find direction as traders boosted wagers the Federal Reserve will raise borrowing costs by its March meeting. Bears …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.