05062016Fri
Last update: Fri, 06 May 2016 10am

Markets - Equity

Markets - Equity - Europe

Britain's FTSE steadies near 1-month low; Centrica slumps LONDON: Britain's top share index steadied near a one-month low on Thursday, as gains in companies like BT and RSA offset declines by companies such as Centrica and Inmarsat after they gave discouraging updates.Centrica ended 9.8 percent lower, its biggest one-day percentage drop since late 2008 and wiping off more than 1 billion pounds ($1.45 billion) from its market capitalisation, after saying it would sell shares to pay off debt.Inmarsat, which provides communications for shipping and aircraft, fell 7.2 percent after the company cut its revenue guidance, citing a tough trading environment and weakening demand.The blue-chip FTSE 100 index closed 0.09 percent higher at 6,117.25 points, a day after hitting a one-month low.Investors were confronted by a survey of activity in Britain's dominant services industry, which showed the British economy slowed in April and may stall as consumers worry about June's referendum on whether to remain a member of the ...


Markets - Equity - Europe

European shares edge higher led by BT and Repsol LONDON/MILAN: European stock markets edged higher on Thursday, buoyed by encouraging earnings updates including from telecoms group BT and oil company Repsol.The pan-European FTSEurofirst 300 index ended 0.3 percent higher after falling 1.2 percent in the previous session to its lowest level in almost a month.The FTSEurofirst has lost around 10 percent so far in 2016, hit -- like other global stock markets -- by worries about a slowdown in China, the world's second-biggest economy, ...

Markets - Equity - Americas

US shares turn flat as oil pares gains; US yields fall NEW YORK: US shares erased earlier gains on Thursday after oil prices eased from their highs, removing some support from energy shares and risk appetite, while benchmark Treasury yields hit more than two-week lows ahead of the April U.S. employment report due Friday.U.S. crude prices jumped by more than 5 percent before paring gains, with a huge wildfire near Canada's oil sands region and escalating tensions in Libya stoking concerns among investors of a near-term ...

Markets - Equity - Americas

Latam stocks slip as Brazil banking shares fall BRASILIA: Latin American stocks edged lower on Thursday, dragged down by the financial sector, mostly in Brazil, although higher crude prices helped lift currencies and stocks of oil producers.Markets in Mexico also slipped after oil prices eased from their highs and the US dollar rose to a one-week high against a basket of currencies as traders closed out profitable bets against the greenback.The MSCI Latin American stock index fell 1.4 percent, with Brazil's Bovespa stock ...

Markets - Equity - Americas

TSX rises, led by resource stocks as oil rallies TORONTO: Canada's main stock index rose on Thursday, snapping a three-day losing streak as higher oil prices supported energy stocks, while gold stocks also rallied. Gains for the index come one day after it fell to a two-week low of 13,570.02 as a wildfire cut production in Canada's oil sands region. Austrian consultancy JBC Energy estimated that some 500,000 barrels per day of capacity was offline. The wildfire has grown to five times its initial ...

Markets - Equity - Europe

Turkish assets fall, but Davutoglu's words soften landing ISTANBUL/ANKARA: Turkish markets closed lower on Thursday as Prime Minister Ahmet Davutoglu was set to step down after weeks of tension between him and President Tayyip Erdogan unnerved investors. Dollar selling by local forex investors in Turkey reached around $1.5 billion on Thursday, bankers told Reuters, as investors looked to book dollar profits following sharp drops in the lira this week. Any renewed political uncertainty is credit negative as it could diminish investor confidence, credit ...

Markets - Equity - Europe

Weak Q1 weighs on Richter stock, Czech, Romanian rates seen on hold BUDAPEST: Shares of Hungarian drug maker Richter fell early on Thursday and underperformed the wider Budapest bourse after it reported a 19 percent fall in first-quarter net profit.Central European currencies were flat or a touch firmer before interest rate decisions in the Czech Republic and Romania, where central banks are expected to keep rates on hold.The Czech central bank (CNB) is also widely expected to keep the outlook for its weak crown policy unchanged when ...