Tokyo / AFP Tokyo shares fell on Thursday as a Bank of Japan (BoJ) policy meeting kicked off, with markets waiting to see if policymakers unleash a fresh round of stimulus to kickstart sluggish growth. The gathering is the BoJ’s first since Britain’s shock vote to quit the European Union hammered financial markets and sparked a rally in the …
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European stocks jump on Tokyo stimulus, UK growth
London / AFP European and Japanese shares rallied on Wednesday after Tokyo launched a massive stimulus package, with sentiment buoyed also by accelerating British economic growth and upbeat company results. Traders were meanwhile awaiting the US Federal Reserve’s latest interest rate decision and accompanying statement. London stocks rose 0.5 percent as data showed the British economy grew by 0.6 …
Read More »Emerging-market stocks advance with volatility at 11-year low
Bloomberg Emerging-market stocks rose toward the highest level since China’s currency devaluation last year, while volatility fell to an 11-year low, on optimism earnings are improving and central banks remain supportive of growth. Egyptian stocks rallied the most in the world after the government said it’s nearing the final stages of talks for an International Monetary Fund loan. Turkey’s …
Read More »Tokyo shares suffer third day of losses on yen rally
Tokyo / AFP Tokyo shares slumped for a third session on Tuesday as a rally in the yen hit exporters ahead of closely watched US and Japanese central bank meetings. Traders followed their US counterparts in selling equities, with Wall Street retreating from record highs on profit-taking and a drop in crude prices. While the Federal Reserve, which concludes …
Read More »Global stocks steady before US rate talks
London / AFP European stocks tentatively rose and Wall Street was little-changed on Tuesday as investors adopted a wait-and-see approach on the eve of a US interest rate decision and oil prices weakened. London increased 0.3 percent as dealers also awaited Wednesday’s British economic growth data and a Bank of England interest rate call next week. Frankfurt stocks gained …
Read More »Tokyo stocks slip, Nintendo dives on Pokemon Go warning
Tokyo / AFP Tokyo stocks ended lower for a second session Monday, giving up early gains with Nintendo slumping after it downplayed the impact of the Pokemon Go phenomenon on its bottom line. The benchmark Nikkei 225 hung in positive territory for much of the day as dealers eyed the start of Japan’s latest earnings season as well as …
Read More »US stocks slip from all-time highs before policy meetings
Bloomberg U.S. stocks retreated from records, with central-bank policy decisions looming later in the week as investors assess corporate earnings. The S&P 500 Index fell 0.3 percent to 2,169.61 at 9:37 a.m. in New York, following a fourth week of gains for the gauge. The Dow Jones Industrial Average dropped 59.53 points to 18,521.32. Earnings remain in focus, with …
Read More »Buying deepest stock dips in 2016 returned three times S&P 500
Bloomberg It’s been a great year for catching falling knives. The buy-the-dip strategy that’s been a hallmark of the U.S. stock rally is outdoing itself in 2016, where buying stocks in the most extreme state of free fall is paying like rarely before. An index tracking shares in the Russell 3000 Index that register as “oversold†on a momentum …
Read More »US stocks fluctuate amid earnings as ECB sends bonds lower
Bloomberg Earnings continued to set the tone on global equity markets, as equities from Europe to the U.S. fluctuated with investors looking for evidence that economic growth is bolstering profits. Government bonds retreated after the European Central Bank signaled stimulus expansion was on hold. The S&P 500 Index swung between gains and losses after closing at its sixth record …
Read More »Stocks rise amid earnings, dollar advances on economy optimism
Bloomberg Positive earnings set the tone for equity markets while the dollar traded at a seven-week high as speculation grew the U.S. will raise interest rates this year. The Dow Jones Industrial Average headed for a ninth straight gain, as Microsoft Corp. jumped after profit topped estimates. Technology companies and carmakers led the Stoxx Europe 600 Index higher as …
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