02082016Mon
Last update: Mon, 08 Feb 2016 07pm

Markets - Equity

Markets - Equity - Europe

European stocks plunge as Lunar New Year offers no cheer LONDON: European shares plunged to 16-month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China's foreign reserves fell for a third straight month in January, as dollars were dumped to defend the yuan and curb capital outflows, did nothing to calm investors. Though the fall was less than some had feared, it was the second biggest on record. That followed a mixed US jobs report on Friday that had sent stocks on Wall Street lower. Crude oil futures skidded over 2 percent to just over $33 by 1015 GMT, as a meeting between OPEC producers Saudi Arabia and Venezuela provided little indication that steps would be taken to boost prices. Earlier, oil had gained as much as 1 percent on hopes that an agreement would ...


Markets - Equity - Europe

Britain's FTSE falls to 2-1/2 week low, hit by banks and tech LONDON: Britain's top share index fell on Monday to its lowest level since Jan. 21, weighed down by banking and tech stocks. The blue-chip FTSE 100 index slipped 1.9 percent to 5,736.15 points by 1011 GMT, slightly outperforming the European market.The index has already shed 5.7 percent this month. "This is a downtrending market so, for the time being, that 5900.00 level for the FTSE - we seem to be leaving it behind us now," ...

Markets - Equity - Europe

European shares hit 16 month low as financials falter LONDON: European equities hit a 16-month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.1 percent to 1,256.30 points by 1004 GMT, after falling down to 1,252.24 points, its lowest level since October 2014.The STOXX Europe 600 banking index, down 2.6 percent, was among the top decliners. The index is ...

Markets - Equity - Asia

Indian shares edge up; metal, bank stocks in focus MUMBAI: Indian shares trade flat on Monday as metal firms such as Tata Steel and lenders rallied after the country set minimum import prices for steel products to help a heavily indebted sector struggling to compete against shipments from abroad. India set the floor prices for imports on Friday, the first time it has taken such a step in over 15 years, to deter countries such as China from undercutting local mills.The measures also lifted ...

Markets - Equity - Middle East & Africa

Saudi firms on oil, property firms support Egypt DUBAI: Saudi Arabia's stock market rose in early trade on Monday after oil prices firmed, while real estate shares supported Egypt's market. The Saudi index climbed 0.7 percent in the first 15 minutes of trade as petrochemical blue chip Saudi Basic Industries gained 1.1 percent.Most activity focused on second- or third-tier stocks, however, with property developer Al Andalus jumping 5.0 percent.AlTayyar Travel rose 2.1 percent after the Capital Market Authority approved a small capital increase ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets rebounded slightly at the start of trading on Monday following heavy losses at the end of last week caused by persistent concerns over global economic strains.London's FTSE 100 benchmark index rose 0.6 percent to 5,881.81 points compared with the close on Friday.In the eurozone, Frankfurt's DAX 30 index climbed 0.5 percent to 9,329.9 points and the Paris CAC 40 gained 0.4 percent to 4,217.5.On Friday, a sharp selloff in New ...

Markets - Equity - Asia

Tokyo stocks rise as weaker yen buoys market TOKYO: Tokyo stocks cast off early losses to finish higher Monday, buoyed by a weaker yen and upbeat economic data.The Japanese market sank one percent after the opening bell, tracking a fall on Wall Street as relatively strong US jobs data sparked speculation that the Federal Reserve could decide to raise rates again as soon as March.But the weakening of the yen -- a plus for exporters' profitability -- pushed markets higher, with the benchmark ...