06012016Wed
Last update: Wed, 01 Jun 2016 12am

Markets - Equity

Markets - Equity - Europe

European equities shrug off Asian gains LONDON: European stocks dipped Tuesday, shrugging off an earlier rebound in Asia, as London investors returned to action after a long holiday weekend.The British capital's main index lost about 0.1 percent in late morning deals after Monday's bank holiday, while Frankfurt and Paris each lost 0.3 percent. "Europe's markets have got off to a quiet and slightly softer start today as UK and US markets return from a long weekend," noted CMC Markets analyst Michael Hewson.Asian stocks rose, led by a surge in Shanghai, while traders mulled a likely US interest rate rise this summer. Mainland Chinese shares leapt by more than three percent and Hong Kong, Tokyo and Seoul also rallied, although trading volumes were low following a public holiday also on Wall Street.The euro meanwhile slid against the dollar, as dealers digested news that eurozone inflation remained mired in negative territory, before this Thursday's interest rate decision from ...


Markets - Equity - Europe

Risk-off mood, Fed prospects hurt emerging assets in May LONDON: Emerging stocks struggled higher on Tuesday but were on track to end the month with hefty losses, and Turkish stocks and the lira headed for their biggest monthly fall in 2-1/2 years.MSCI's emerging market index rose 0.3 percent on the day but looked poised to snap a two-month winning streak with losses of 3.5 percent in May. Turkish stocks have fallen 7.5 percent this month - its first such loss since the start of ...

Markets - Equity - Asia

Shanghai stocks jump on MSCI index hopes HONG KONG: Chinese stocks closed sharply higher on Tuesday, with Shanghai surging on hopes index compiler MSCI will include mainland shares in its global benchmarks.The benchmark Shanghai Composite Index jumped 3.34 percent, or 94.17 points, to close at 2,916.62.The Shenzhen Composite Index, which tracks stocks on China's second exchange, surged 4.09 percent, or 73.59 points, to 1,872.36.Hong Kong's Hang Seng Index added 0.9 percent, or 185.7 points, to end the day at 20,815.09.Copyright AFP (Agence ...

Markets - Equity - Europe

Shares set for monthly gains, dollar buoyed by Fed outlook LONDON: Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar held strong near two-month peaks on expectations the U.S. interest rates could rise next month.European shares were lower in early trade, although the region's stock markets were set for their best monthly performance since late 2015, as the euro's weakness on currency markets propped up export-driven companies.The pan-European STOXX 600 and FTSEurofirst 300 indexes ...

Markets - Equity - Europe

Britain's FTSE index edges lower as miners slip LONDON: Britain's top share index edged lower from an earlier one-month high on Tuesday, with mining companies losing ground after metals prices came under pressure from a rise in the dollar.The UK mining index fell 0.8 percent as copper prices declined on a resurgent dollar following increasing expectations of a U.S. interest rate hike.Copper prices remained on track for a more than 7 percent decline in May, the biggest monthly drop since November.St. Louis Federal ...

Markets - Equity - Asia

Hong Kong shares end at four-week high but end May lower HONG KONG: Hong Kong shares closed up 0.9 percent on Tuesday at their highest level in more than four weeks, tracking gains in Chinese stocks as investors bet that MSCI will add mainland shares to its index for the first time next month. The Hang Seng Index rose to 20,815.09 points, while the China Enterprises Index of mainland stocks listed in Hong Kong gained 0.93 percent to 8,704.90.For the month, the benchmark index fell 1.2 ...

Markets - Equity - Europe

European stock markets slip but stay set for third month of gains LONDON: European stock markets fell on Tuesday, hit by a drop in carmaker Volkswagen whose shares retreated after VW reported first-quarter earnings. The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down by 0.4 percent, although both also remained on track for their third consecutive month of gains and their best month since last November.VW was among the region's worst-performing stocks, falling 3.4 percent and dragging down rivals such as BMW and Renault.VW posted ...