AFP Global stock markets rallied on Monday, with all eyes on central bankers ahead of key meetings in the United States and Japan later in the week. Concern that years of cheap cash could be coming to an end has roiled markets this month, with conflicting comments from top US Federal Reserve officials over the need for an interest ...
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Goldman says investors forget many stocks love higher rates
Bloomberg Amid all the hemorrhaging in dividend stocks whacked by higher bond rates, Goldman Sachs Group Inc. says investors are missing a chance in another group that usually benefits. They’re referring to the companies poised to gain the most from a rate hike, a group dominated by financial firms such as Bank of America Corp. and Bank of New ...
Read More »Stocks diverge as traders eye central banks
AFP European stock markets were mixed on Thursday, as London shares rose on hints from the Bank of England that there could be another rate cut this year. London’s benchmark FTSE 100 stocks index was up 0.2 percent in afternoon trading, as traders also reacted to better-than-expected British retail sales data. In the eurozone, Frankfurt’s DAX 30 index slipped ...
Read More »Oil prices rebound
AFP Oil prices rebounded slightly on Thursday after tanking the previous day, but gains were capped by US stockpiles data and the prospect of rising output in Libya and Nigeria, dealers said. At about 1015 GMT, US benchmark West Texas Intermediate for delivery in October was up 20 cents at $43.78 a barrel. Brent North Sea crude for November ...
Read More »Asian markets sink after Wall Street sell-off
AFP Asian markets mostly fell on Wednesday as uncertainty over the future of central bank monetary policy weighed on buying interest while warnings of an extended oil glut sank energy firms. The region’s traders were given a rocky lead from Wall Street where all three main indexes ended more than one percent lower after a plunge in crude prices ...
Read More »India stocks fluctuate as inflation data spurs rate-cut optimism
AFP Indian stocks swung between gains and losses as the nation’s benchmark inflation rate eased more than estimated, reviving calls for an interest-rate cut amid a global selloff. Two shares climbed for each that dropped on the BSE 100 Index, which was little changed at 10:52 a.m. in Mumbai after changing direction at least six times. The gauge posted ...
Read More »China’s stocks fall to one-month low on fiscal policy concern
Bloomberg Chinese stocks dropped to their lowest level in a month on the last trading day of this week amid speculation the central bank won’t add to stimulus. The Shanghai Composite Index fell 0.7 percent at the close. The gauge has lost 2.5 percent this week, the most since May, after plunging on Monday amid a jump in the ...
Read More »Emerging stocks extend worst drop since June; Mexican peso falls
Bloomberg Emerging-market stocks fell, extending their longest selloff since June as investors weighed the outlook for policy accommodation by global central banks. The Mexican peso declined after a poll showed Donald Trump leading in Ohio. The MSCI Emerging Markets Index slumped for a fourth day as volatility increased. Indonesia led a retreat in shares as benchmarks in China, Malaysia ...
Read More »Equities struggle on oil, US Fed rates outlook
AFP Stock markets struggled on Tuesday as investors contemplated the US interest rate outlook and oil prices slumped on a gloomy outlook for crude demand. Frankfurt, London and Paris had opened brightly, after a leading US Federal Reserve official tempered comments from her colleagues on the need for an early US interest rate hike. But the gains faded away ...
Read More »Samsung shares rise after selling printing unit
AFP Shares in South Korean giant Samsung Electronics rallied on Tuesday, recovering almost half the losses from a two-day collapse linked to its troubled smartphone, as traders welcomed news it had sold its printer unit for $1.05 billion to US firm HP. The company plunged more than 10 percent on Friday and Monday after it urged global consumers to ...
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