02082016Mon
Last update: Mon, 08 Feb 2016 06am

Markets - Equity

Markets - Equity - Middle East & Africa

Major bourses dragged lower by weaker oil, global equities DUBAI: Major stock markets in the Middle East fell on Sunday after oil prices pulled back and global bourses sold off at the end of last week.The correlation between oil prices and Gulf equity markets has strengthened in recent months with many investors believing markets will continue to trade in almost lockstep with crude prices in the near term.In Riyadh, the index dropped 1.3 percent to 5,896 points, erasing Thursday's 0.8 percent gain. The petrochemical sector was one of the main drags with Saudi Basic Industries and Saudi Arabia Fertilizers, the two largest petrochemical producers by market value, falling 1.1 and 0.7 percent respectively.The index has failed to close over the psychologically important level of 6,000 points since Jan. 14 as short-term traders sell to take profits on every bounce. Long-term investors are cautious about making large commitments to the market because of volatile oil prices.Saudi Cement erased early gains ...


Markets - Equity - Europe

European stock markets stable at open LONDON: Europe's main stock markets were steady in initial trading on Friday, at the end of another volatile week for equities.London's FTSE 100 benchmark index gained 0.1 percent to 5,903.5 points compared with Thursday's close.In the eurozone, Frankfurt's DAX 30 index fell 0.2 percent to 9,375.3 points and the Paris CAC 40 climbed 0.2 percent to 4,236.1.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Europe

European stocks higher before US jobs data LONDON: European stock markets rose Friday, outperforming Asian equities, as traders geared up for key US jobs data for fresh indications on the state of the global economy.From London, to Frankfurt, Paris, Madrid and Milan, stock markets were rising.But growing fears that global economic turmoil is seeping into the United States kept pressure on the dollar, as investors bet that the Federal Reserve would postpone hiking interest rates further this year."It's been a quiet but ...

Markets - Equity - Asia

Nikkei falls for 4th day as strong yen hits; US jobs in focus TOKYO: Japan's Nikkei share average fell for a fourth day on Friday on concerns that a stronger yen may squeeze exporters' earnings, while investors awaited US jobs data for clues on the Federal Reserve's policy outlook. The Nikkei dropped 1.3 percent to 16,819.59 points, the lowest closing level since Jan. 26. For the week, the benchmark index declined 4 percent. Bucking the weakness, Sharp Corp soared on buyout hopes as Foxconn Chief Executive Officer Terry ...

Markets - Equity - Asia

SE Asia Stocks-Higher; Indonesia hits near 6 month high on Q4 GDP data BANGKOK: Southeast Asian stock markets rose on Friday, with Indonesia rallying to a near six-month high after fourth-quarter economic growth beat forecasts and key regional indexes notching up strong gains ahead of holidays.All share markets in Southeast Asia, except Thailand, will be closed on Monday for the Lunar New Year holiday. Singapore and Malaysia will remain closed through Tuesday and Vietnam for the rest of the week.Indonesia outperformed as foreigners bought large caps, taking the ...

Markets - Equity - Asia

Vietnam shares rise 0.5pc, volume hits over 9 month low HANOI: Vietnam's benchmark VN Index rose for a third straight session and closed 0.48 percent higher in thin trade on Friday, the last trading session before the Lunar New Year, or Tet.Banks led gains with four of the country's six listed lenders advancing. Top lender by market value, Vietcombank , edged up 0.25 percent, while BIDV rose 1.23 percent.As many as 61.85 million shares changed hands, the lowest since April 24, 2015, Thomson Reuters data ...

Markets - Equity - Asia

Indian shares rise but on track to end the week lower MUMBAI: Indian shares rose nearly 1 percent on Friday as state-owned lenders such as State Bank of India recovered from recent sharp losses, but indexes were still headed for a fourth weekly loss in five highlighting fragility in sentiment.The NSE index was down 1.3 percent for the week after a fall in crude prices hit sentiment and after the central bank kept interest rates unchanged on Tuesday. But traders said they looked forward to a ...