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 ...
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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 ...
Read More »Japan’s SoftBank plunges after $32 bn ARM purchase
Tokyo / AFP SoftBank plunged more than 10 percent on Tuesday as investors gave the thumbs down to the Japanese mobile giant’s whopping $32 billion purchase of British iPhone chip designer ARM Holdings. The sharp drop bucked an upward trend in the broader market after a public holiday, with the benchmark index rising for the sixth straight session. SoftBank ...
Read More »S&P 500 futures slip amid earnings with stocks at all-time highs
Bloomberg S&P 500 Index futures slipped on Tuesday following a mix of earnings reports, as investors weighed the prospects for further gains after equities closed Monday at fresh records. Netflix tumbled 13 percent on weaker-than-anticipated subscriber growth, and Philip Morris International Inc. dropped 2.2 percent after its earnings missed forecasts as the strong dollar hurt sales outside of the ...
Read More »Global markets resilient after Turkey turmoil as lira rebounds
Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, as the lira rebounded and U.S. stocks fluctuated near record highs. Haven assets including the yen and Treasuries fell. The S&P 500 Index swung between gains and losses after a third straight week of gains took the gauge to all-time highs as political tension in ...
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