Bloomberg Global stocks advanced while the dollar was little changed amid optimism that the Federal Reserve’s expected rate increase signals confidence that the economy is strengthening. Italian equities and bonds surged on bank recapitalization plans. The S&P 500 Index rebounded after halting its longest rally since 2014 on Monday. European stocks reached an 11-month high as Italy’s largest lender …
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Global stocks slide, oil jumps ahead of Fed rate decision
BEIJING / AP Stocks fell on Monday ahead of a Federal Reserve meeting that is expected to raise US interest rates, while oil prices jumped after several non-OPEC countries agreed to join the cartel in cutting output. KEEPING SCORE: Britain’s FTSE 100 was down 0.3 percent to 6,933 and Germany’s DAX shed 0.2 percent to 11,186. France’s CAC 40 …
Read More »Speediest traders become less welcome in currency markets
Bloomberg The most aggressive high-frequency currency traders are showing signs of losing steam, suggesting platforms have succeeded at thwarting some speedy strategies. Electronic specialists are making waves by eclipsing major banks in foreign-exchange trading. But some strategies — focused on fast execution and short-term arbitrage — have reached a “saturation point,†according to the Bank for International Settlements. At …
Read More »European stocks rise as ECB extends helping hand
AFP European stock markets rose on Thursday after the European Central Bank extended its massive bond-buying programme, signalling that the eurozoneâ€s fragile economy can count on its continued support. European bonds also firmed on the prospect of further ECB asset purchases, while the euro slipped against the dollar in very volatile trading. The ECBâ€s announcement that it will scale …
Read More »Global stocks go up on telecoms news, stimulus hopes
TOKYO / AP Global stock markets rose on Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone. KEEPING SCORE: France’s CAC 40 added 0.9 percent to 4,671 while Germany’s DAX was up 1.5 percent at 10,935. Britain’s FTSE 100 rose 1.5 percent to 6,884. U.S. shares were set to drift …
Read More »European equities extend rebound
London / AFP European equities pushed higher on Tuesday as investors shrugged off Italy’s referendum result that was already priced into markets, dealers said, as lower oil prices weighed on US stocks. Traders have registered little reaction to Italian Prime Minister Matteo Renzi’s vote defeat Sunday and subsequent resignation, in the wake of recent shock votes in Britain and …
Read More »Dow reaches record as rising oil pulls stocks mostly higher
NEW YORK / AP More gains in Goldman Sachs and Chevron helped pull the Dow Jones industrial average to another record high even as other indexes were flat to lower in early trading on Thursday. Ford and General Motors are rising after they announced strong sales in November. Technology companies and companies that pay big dividends are trading lower. …
Read More »Markets win boost on hopes of OPEC oil cut
AFP Oil prices rallied more than six percent on Wednesday, pushing European and US stocks higher as traders seized on hopes that OPEC could later decide to cut crude output. Saudi Arabia’s influential oil minister Khaled al-Falih sounded an upbeat note that the Organization of the Petroleum Exporting Countries — which pumps about a third of global oil — …
Read More »Major indexes set records as energy companies surge
NEW YORK / AP The Dow Jones industrial average and the Standard & Poor’s 500 index reached record highs on Wednesday morning as a rally in energy companies led US stocks higher. Energy companies gained as countries in OPEC, which collectively produce more than one-third of the world’s oil, moved closer to completing an agreement that would trim oil …
Read More »European stocks diverge as oil slides before OPEC meet
London / AFP European stock markets mostly rebounded on Tuesday but London extended losses as mining shares lost their shine, while oil prices slumped almost a dollar on the eve of a crucial OPEC meeting. Asian traders had earlier moved cautiously, with the recent Trump-fuelled rally in stocks subdued by profit-taking, uncertainty over a key vote in Italy at …
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