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 …
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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 …
Read More »Tokyo’s benchmark Nikkei ticks higher by close
AFP Tokyo stocks ended higher on Tuesday with traders weighing speculation about a possible US interest rate hike while looking ahead to an upcoming Bank of Japan policy meeting. Dealers tracked a rally on Wall Street following dovish remarks by Federal Reserve Governor Lael Brainard who argued against hiking US interest rates quickly. She said the central bank should …
Read More »Yuan liquidity squeeze a bad sign for China’s equity market
Bloomberg The outlook for one of the world’s worst-performing stock markets is getting dimmer. China’s benchmark equity index was jolted out of its inertia on Monday when the cost of borrowing the yuan in Hong Kong jumped the most in seven months, exacerbating concern about a global selloff. The Shanghai Composite Index tumbled as much as 2.6 percent after …
Read More »European shares fall as Draghi says QE extension not discussed
Bloomberg Stocks in Europe fell the most in two weeks after President Mario Draghi said the European Central Bank didn’t discuss an extension to its bond-buying program at its latest meeting. The Stoxx Europe 600 Index dropped 0.8 percent to 347.62 at 2:32 p.m. in London, extending losses as Draghi explained the ECB’s decision to leave interest rates and …
Read More »European equities climb on eve of ECB meeting
London / AFP Europeâ€s stock markets rose on Wednesday on the eve of a key interest rate decision from the European Central Bank, which is widely expected to maintain its stimulative monetary policy. In afternoon deals, Londonâ€s benchmark FTSE 100 index added 0.3 percent, as dealers also digested a raft of mixed official economic data. In the eurozone, Frankfurtâ€s …
Read More »US stocks little changed as S&P 500 hovers near all-time high
Bloomberg U.S. stocks were little changed, with equities near records while investors brooded over the direction of Federal Reserve monetary policy after mixed economic reports. The S&P 500 Index slipped 0.1 percent to 2,183.41 at 9:32 a.m. in New York, following a two-day gain that brought the gauge within 0.2 percent of its all-time high. “Interest rates are off …
Read More »US stocks rise on Enbridge, GE acquisitions
New York / AFP Wall Street stocks rose early on Tuesday, lifted by merger announcements, including Canadian pipeline company Enbridge’s acquisition of Spectra Energy in an all-stock deal valued at $28 billion. The Enbridge deal will create an network of oil and gas pipelines serving most of Canada and the United States. Spectra surged 10.7 percent, while Enbridge advanced …
Read More »European stocks hover near 8-month high before ECB meet
Bloomberg European stocks were little changed, poised for their highest close since January, as investors awaited this week’s European Central Bank meeting. The Stoxx Europe 600 Index added 0.1 percent at 1:43 p.m. in London, paring a rise of as much as 0.3 percent, while Germany’s DAX Index added 0.4 percent, inching closer to erasing its annual drop. Europe’s …
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