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 ...
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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 ...
Read More »London stocks drop on strong pound
London / AFP London’s stock market fell on Monday on a rallying pound, while eurozone indices rose further after a pre-weekend surge triggered by well-received US jobs data. Around 1015 GMT, London’s benchmark FTSE 100 index was down 0.25 percent, as the pound jumped above $1.33 in the wake of strong UK services sector activity that further eased concerns ...
Read More »Emerging markets climb as USA jobs data eases Fed-rate anxiety
Bloomberg Emerging-market currencies rose from the lowest levels in a month and stocks rallied as data showing slower-than-forecast U.S. employment growth reduced the odds that the Federal Reserve will move quickly to raise interest rates, propping up demand for riskier assets. An MSCI Inc. index of developing-nation exchange rates rose 0.3 percent, ending a four-day losing streak. The equity ...
Read More »European stocks rebound on mixed manufacturing data
London / AFP Europe’s main stock markets rebounded on Thursday following a weak finish to August, as traders digested worldwide manufacturing numbers. Around 1030 GMT, London’s benchmark FTSE 100 index was 0.1 percent higher. In the eurozone, Frankfurt’s DAX 30 rose 0.6 percent and the Paris CAC 40 jumped 1.1 percent compared with Wednesday’s close. “The FTSE is underperforming… ...
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