Stocks

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 ...

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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. ...

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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 ...

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US stocks drop as bond rally sinks bank shares

  Bloomberg Treasuries rallied, sending 10-year yields to the lowest since November, while the dollar slumped with US stocks as investors reassessed post-election market moves spurred by speculation Donald Trump’s policies would jumpstart American economic growth. Trump yesterday gave investors little reason to add to bets that had taken the dollar to a 14-year high and stocks to records. Some ...

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Asian shares extend gain before Trump speech; Japan rebounds

  Bloomberg Asian stocks extended gains to an 11-week high as metal producers surged. Japanese equities rose as the yen halted its advance against the greenback ahead of US President-elect Donald Trump’s first press conference since July. The MSCI Asia Pacific Index rose for a third day, adding 0.4 percent as of 4:57 p.m. in Hong Kong and set for ...

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Asian stocks rise as health stocks offset drop in energy shares

  Bloomberg Asian stocks rose as gains in a gauge of health-care shares offset declines in energy companies after oil sank. Japan equities fell as as a stronger yen dimmed prospects for exporters. The MSCI Asia Pacific Index gained 0.2% as of 4:40 p.m. in Hong Kong as 7 of 11 industry groups rose. The measure’s advance has been muted ...

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US stocks retreat, treasuries advance with gold

  Bloomberg Stocks slumped while Treasuries rose with gold as the new year rally in riskier assets faltered. Political risks rippled across foreign-exchange markets with the pound, Turkish lira and South Korean won leading declines. The Dow Jones Industrial Average declined after Friday climbing within a point of 20,000. The yield on 10-year Treasury notes slid below 2.40 percent, while ...

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Dollar rally falters as treasuries gain with gold

  Bloomberg The dollar faced further headwinds as Chinese efforts to stem capital outflows and a rethinking of Federal Reserve intentions conspired to halt the strongest rally in the currency in more than a decade. Gold rose with Treasuries. The greenback weakened a second day after reaching a 14-year high, as a record of Fed deliberations signaled central bankers remain ...

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Egypt reaches record high as Palm Hills surges

  Reuters Stock markets in the Middle East where foreign funds are most active outperformed for a second straight day on Wednesday, with Egypt’s index hitting a record high while Saudi Arabia was dragged lower by profit-taking. Egypt’s main index gained 1.5 percent to 12,608 points in the highest trading volume this week, surpassing the intra-day record high of 12,534 ...

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US stocks rise as auto makers and retailers trade higher

  NEW YORK / AP US stocks rose on Wednesday as December auto sales start to roll in. General Motors and Ford are trading higher. That’s helping consumer-focused companies. The market is building on its gains from the day before. KEEPING SCORE: The Dow Jones industrial average added 30 points, or 0.2 percent, to 19,911 as of 10 a.m. Eastern ...

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