Stocks

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 eurozone”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 ECB”s announcement that it will scale ...

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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 ...

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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 ...

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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. ...

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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 — ...

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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 ...

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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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Tokyo stocks end lower as ‘Trump rally’ fizzles

  Tokyo / AFP Tokyo stocks ended lower on Tuesday as markets took a breather following a string of recent gains that propelled the benchmark index to its highest level in 11 months. Japanese shares advanced last week as the yen tumbled against the dollar on expectations that US interest rates will rise under President-elect Donald Trump’s administration. “Japanese stocks ...

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OPEC and Italian unease weigh on global stocks

AP Uncertainty over whether OPEC countries will back an oil production cut at their meeting this week, as intended, weighed on global stock markets on Monday. Worries over next week’s constitutional referendum in Italy also kept investors at bay. KEEPING SCORE: In Europe, Germany’s DAX index was down 0.7 percent to 10,630 while the CAC 40 in France fell 0.5 ...

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World’s biggest pension fund finds best friend in Trump

  Bloomberg One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump. The unconventional president-elect’s victory is helping Japan’s giant pension fund in two important ways. First, it’s sending stock markets surging, both at home and overseas, which is good news for the largely passive equity investor. Second, ...

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