Stocks

  London / AFP The pound slumped to a 31-year low against the dollar on Tuesday on concerns over the timing and terms of Britain’s planned exit from the European Union, traders said. Britain’s currency also struck a fresh three-year low point against the euro, while the drops helped pushed London’s benchmark FTSE 100 stocks index up to a 16-month …

  London / AFP The British pound slumped to a three-year low against the euro on Monday in reaction to news that Britain would begin Brexit negotiations by March. However better-than-expected British manufacturing data, ironically thanks to recent strong falls for the pound, helped London’s benchmark FTSE 100 stocks index to jump by 1.2 percent in morning trade. Sterling dropped …

  Dubai / Reuters Egypt’s stock market rose sharply in early trade on Monday on hopes that an international financing package for the country would be finalised soon after this week’s annual meetings of the International Monetary Fund and World Bank Group. The Egyptian stock index climbed 2.8 percent in a broad rally, with investment bank EFG Hermes rising 4.2 …

  Tokyo / AFP Tokyo shares rebounded on Monday after overseas markets rallied on easing fears over Deutsche Bank’s future, with investors shrugging off a weak Japanese business confidence report. Deutsche Bank bounced back on Friday after a source familiar with the matter said that a US fine over toxic debt it sold would be only $5.4 billion, not the …

  London / AFP Asian and European stock markets rallied on Thursday and energy-linked currencies advanced after OPEC’s shock deal to trim oil output. The announcement on Wednesday lit a fire temporarily under oil prices, sending petroleum-linked shares surging on Wall Street and later across Asian and European stock markets. Despite crude later falling back on doubts about the cartel …

  Mumbai / AFP Indian stock markets slumped almost two percent on Thursday after the army said it had conducted “surgical strikes” along the de-facto border with archrival Pakistan in Kashmir. The Bombay Stock Exchange slid 534.70 points, or 1.84 percent, to 27,770.32 in afternoon trade after India said it had carried out the strikes to thwart attacks on some …

  London / AFP European stocks rebounded on Wednesday, brushing aside a broad retreat across Asia, as oil prices pushed higher and Deutsche Bank shares rose, recouping some of their previous days’ losses. London’s benchmark FTSE 100 index increased by 0.6 percent. In the eurozone, Frankfurt’s DAX 30 was up 0.7 percent at the close the Paris CAC 40 gained …

  London /AFP A stocks rally triggered by Hillary Clinton’s upbeat performance in the first US presidential debate over Republican rival Donald Trump slid away on Tuesday on a dim outlook for an oil deal. In Asia, indices closed with solid gains as a confident Clinton bested her rival in the 90-minute showdown, but in Europe the gains were short-lived …

  London / AFP Stock markets slumped on Monday, extending a pre-weekend drop that followed a Fed-inspired rally, while a crash in the share price of Deutsche Bank offset a surge in German business confidence. After last week’s burst of enthusiasm on the back of the US central bank’s decision to keep interest rates on hold for a little longer, …

  Bloomberg The Federal Reserve may not be the only thing obsessing U.S. investors these days. But going by the rally that followed Janet Yellen’s decision to hold interest rates steady, it’s the biggest thing. Throwing off concerns ranging from falling earnings to the machinations of automated traders, the S&P 500 Index surged 1.2 percent last week, the biggest gain …