Stocks

  London / AFP European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said. Gross domestic product (GDP) grew by 0.4 percent between ...

  London / AFP Oil prices fell on Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns. Data from the American Petroleum Institute (API) Tuesday showed US crude inventories rose by 4.5 million barrels last week. Rising stocks indicate weaker demand in the world’s top oil consuming nation and ...

  Hong Kong / AFP Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day’s sharp losses due to profit-taking after a recent rally and fresh worries about a global oversupply. Even a fall in the dollar, which usually makes crude cheaper, could not stop the slide in the commodity after Iraq flagged a pick-up ...

  London / AFP European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data. The single currency’s economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday. Around 1000 GMT, Frankfurt’s DAX 30 stocks index was 0.9-percent higher and the Paris ...

  London / AFP Eurozone stock markets rose on Monday looking ahead to a key meeting of central bankers at the end of the week, but London retreated on heavy falls for heavyweight mining shares. Around 1000 GMT, London’s benchmark FTSE 100 was down 0.4 percent compared with the close on Friday. In the eurozone, Frankfurt’s DAX 30 rose 0.3 ...

  Tokyo / AFP Tokyo stocks closed higher on Monday on a weaker yen after the vice chairman of the Federal Reserve talked up the US economy while the Bank of Japan’s boss indicated there could be fresh easing measures next month. In the US, Stanley Fischer on Sunday said the world’s top economy had met the bank’s targets and ...

Bloomberg Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. One of the government’s priorities is to meet its annual steel demand of 6.8 million metric tons, from a current output of a third of that, produced ...

  Bloomberg European stocks rose on Thursday as traders reacted to the outlook for US interest rates and some healthy post-Brexit data in Britain. Tokyo’s main index however sank as the dollar fell against Japan’s haven yen currency, hurting share prices of the country’s exporters. Wall Street meanwhile opened up with a slight boost from Wal-Mart Stores’ better-than-expected second-quarter earnings. ...

  AFP Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stockpiles, traders said. Brent North Sea crude reached $50.05 a barrel — breaching $50 for the first time since early last month. Later around 1230 GMT, Brent North Sea crude for delivery in October was up two ...

  Bloomberg World stock markets largely retreated on Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next US rate rise. European indices fell back after opening higher, although London’s losses were capped by brighter-than-expected unemployment figures that calmed fears surrounding Brexit’s economic fallout. Tokyo was the only ...