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Last update: Sat, 03 Dec 2016 12am

Markets - Equity

Markets - Equity - Asia

Asia markets, oil struggle ahead of key OPEC meeting   HONG KONG: Asian markets struggled Wednesday as oil prices staged a mild recovery from the previous day's sharp sell-off as investors grew uneasy over the chances of a deal to cut output just hours before a crunch OPEC meeting.Some of the biggest producers in the world head into the Vienna conference later in the day still unable to hammer out details of a September agreement to address a glut that has battered crude markets for two years.Uncertainty over the deal -- with Iran and Iraq calling to be excluded and Russia looking only to freeze, rather than cut -- has fuelled volatility on oil trading floors in the past week and on Tuesday both main oil contracts plunged four percent.And while Brent and West Texas Intermediate recovered slightly in early Asian trade, investors are still moving cautiously."All eyes will be on Vienna today with Iran and Iraq both digging their respective heels in on production caps," Jeffrey Halley, senior market analyst at OANDA, said."Failure ...


Markets - Equity - Asia

Tokyo stocks up at break after strong US data TOKYO: Tokyo shares edged up Wednesday morning lifted by a weaker yen but nervous investors are keeping an eye on a key meeting of top oil producers later in the day.The Japanese market picked up a positive lead from Wall Street where US rallied on stronger-than-expected third quarter growth, higher housing prices and a sharp rebound in consumer confidence.The figures boosted the dollar against the yen, supporting Japanese exporters."Good data coming out of the US is positive for Japanese stocks," said ...

Markets - Equity - Europe

European shares fall, banks knocked by Italy jitters MILAN/LONDON: European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Europe 600 index was down 0.8 percent at 339.83 by the close. The regional bank index closed down 1.8 percent, the biggest sectoral faller. Italian banks fell 3.9 percent, hitting an 8-week ...

Markets - Equity - Europe

Britain's FTSE index slips as Trump rally falters LONDON: Britain's top share index slipped on Monday as a rally sparked by Donald Trump's election as US president appeared to falter with financial and energy shares showing the biggest declines, though gold miners and utilities rose. The blue-chip FTSE 100 index closed down 0.6 percent. The benchmark index is still up about 8 percent so far this year even after falling around 5 percent since its October peak.The UK banking index fell 1.3 percent, ...

Markets - Equity - Americas

US stocks drift lower in post-holiday trading WASHINGTON: US stocks pulled back in early trading Monday, following a four-session winning streak as investors looked ahead to a week rich in economic data.A half-hour into the day's session, the first full trading day following the Thanksgiving holiday, the Dow Jones Industrial Average, S&P 500 and Nasdaq were all 0.2 percent lower at 19,106.43, 2,209.08 and 5,389.60, respectively.US stock indices have smashed records, rallying since Donald Trump's November 8 upset victory over Hillary Clinton ...

Markets - Equity - Americas

US stocks open lower in post-holiday trading WASHINGTON: US stocks opened lower Monday following a four-session winning streak as investors looked ahead to a week rich in economic data.About five minutes into trading on the first full day back from the Thanksgiving holiday weekend, the Dow Jones Industrial Average, S&P 500 and Nasdaq were all trading 0.2 percent lower at 19,114.75, 2,209.69 and 5,386.83 respectively.Oil prices rebounded at the start of the week after turning sharply lower on Friday as investor hopes ...

Markets - Equity - Europe

European stocks catch Italian cold LONDON: Shares in Italian banks slumped Monday on jitters over the outcome of a crucial weekend referendum, dragging down markets across Europe, while the outlook on an OPEC production deal fluctuated along with oil prices.In afternoon trading, shares in Italian lenders Unicredit and Banco Popolare were down around 3 percent compared with Friday's closing levels.The poor sentiment extended to the rest of Europe, with Royal Bank of Scotland and Societe Generale falling 1.4 percent, while ...