Stocks

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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Chinese data gives stock markets early year shot in the arm

  LONDON / AP Global stocks advanced on Tuesday, with US markets set to ring in 2017 with gains, after upbeat Chinese and British manufacturing data bolstered investor sentiment. The dollar and oil prices started the new year as they closed out the last — pushing higher. KEEPING SCORE: Britain’s FTSE 100 rose 0.7 percent to 7,194.02 and France’s CAC ...

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Stocks start 2017 with gains, many markets stay shut

  LONDON / AP Global stocks rose on the first day of 2017, though trading volumes were thin as many major markets observed New Year’s holidays. KEEPING SCORE: Germany’s DAX was up 0.8 percent at 11,574 and France’s CAC 40 was 0.4 percent higher at 4,883. Italy’s FTSE MIB was up 1.5 percent at 18,520, though trading was still suspended ...

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Dollar slips as US stocks rebound, metals gain

  Bloomberg The dollar dropped the most in two weeks while oil retreated from its highest close in 17 months as investors prepared to close out a volatile year for financial markets. US stocks rebounded from the biggest slide in two months. The Bloomberg Dollar Spot Index fell for the first time in four days after reaching the highest level ...

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European stock markets pause, London lifted by ‘Santa Rally’

  London / AFP European stocks turned flat on Wednesday but London coasted higher on the back of a Santa Rally in subdued trade after a long Christmas holiday. The British capital’s benchmark FTSE 100 index of top blue-chip firms won 0.4 percent from last Friday’s close, as traders returned from a four-day holiday weekend. Frankfurt and Paris, which had ...

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Toshiba and Italian banks ripple calm markets

  London / AFP A plunge in the share price of Toshiba over a possible write-down and the bailout of one of Italy’s top banks were the biggest ripples in otherwise placid trading on Tuesday. “Markets are calm, as thin holiday volumes are in play,” said market analyst Ipek Ozkardeskaya at London Capital Group. However a 12 percent meltdown in ...

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Global shares mixed with Yen gaining in thin trade

  Reuters Global stocks were mixed on a day when many markets were closed for a holiday. Japanese shares fell as the yen gained against the dollar, while Chinese equities recovered from earlier losses. The Topix index slipped in Tokyo on trading volumes around 40 percent below the 30-day average. The Shanghai Composite Index erased a drop of as much ...

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