Markets - Equity
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LONDON: European stock markets rose in muted holiday trading on Monday amid weak Italian economic data despite a strong start to the new week for Asian equity prices. London's FTSE 100 index of leading shares added 0.48 percent to 6,755.63 points, while in Frankfurt the DAX 30 index set a fresh record high close after climbing 0.69 percent to 8,455.83 points, and in Paris the CAC 40 rose 0.54 percent to 4,022.85 points.European markets edged up on Monday "following another record finish in US markets on Friday and an upbeat session in Asia overnight", said Ishaq Siddiqi, market strategist at traders ETX Capital."Volume today however is on the light side due to... (the public) holiday in Germany and France." Milan's main index slid 0.55 percent to 17,506 points as official data revealed industrial orders in Italy plunged by 10 percent in March on a 12-month comparison. They however rose by ...
LONDON: Optimism about global growth pushed world shares to a near five-year high on Monday, while debate about the future of the US Federal Reserve's stimulus programme extended gold's longest losing streak in four years.Data last week that showed US consumer sentiment at its strongest in nearly six years continued to support equity markets ahead of this week's forward-looking PMI numbers from most of the world's top economies.Futures prices pointed to a steady start for ...
NEW YORK: Yahoo!'s $1.1 billion deal to take over blogging platform Tumblr gave a lift to the Nasdaq Monday but overall stocks opened the week mixed.About 45 minutes into trade, the Dow Jones Industrial Average was down 7.76 points (0.05 percent) at 15,346.64.The tech-rich Nasdaq Composite Index rose 5.87 (0.17 percent) to 3,504.84 and the broad-market S&P 500 edged up 0.89 (0.05 percent) to 1,668.36.In the absence of major economic releases, "M&A news is dominating ...
ABU DHABI: Abu Dhabi National Energy Company (TAQA) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign investors.TAQA is 75 percent owned by ...
SEOUL: South Korean shares edged lower on Monday, with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions took profits on the sector."Although the market ended on a weaker note, the return of foreign investors comes as a positive sign. We will probably see stronger foreign money inflows as soon as the Vanguard-related share sale is over," said R.S. Rhoo, a market analyst at Hyundai Securities, adding that a ...
HONG KONG: Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high.The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion ($8.89 billion).Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in property and banking stocks, dealers said. The benchmark Shanghai Composite Index rose 17.12 points ...
HONG KONG: Asian shares rose on Monday reflecting a bullish mood on Wall Street and extending their two-week rally, buoyed by better-than-expected US data.Tokyo stocks were up 1.47 percent, or 222.69 points, to 15,360.81, while Taipei edged up 0.11 percent, or 8.86 points, to 8,377.05, and Sydney gained 0.54 percent, or 28.2 points, to close at 5,209.0.Hong Kong was 1.72 percent higher, or 397.09 points, to 23479.77, as Shanghai gained 1.09 percent, or 24.85 points, ...More Articles...
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