05062016Fri
Last update: Fri, 06 May 2016 12pm

Markets - Equity

Markets - Equity - Middle East & Africa

Banks and petrochemicals companies lift Saudi market DUBAI: Bank and petrochemical stocks helped Saudi Arabia's index rebound from a two-week low on Thursday, buoyed by firmer oil prices and a newspaper report that building company Saudi Binladin Group could again bid for state contracts. The news on Binladin, which is heavily in debt to local lenders, bolstered bank share prices, lifting the sector index by 1.9 percent. National Commercial Bank and Al Rajhi Bank were the biggest gainers, rising by 2.3 percent and 3 percent respectively. Binladin was barred from new government contracts last September after a crane toppled into Mecca's Grand Mosque during a dust storm, killing 107 people, but al-Watan quoted an unnamed source as saying that the compnay has now received a royal decree allowing it to resume bidding for state contracts. Petrochemical stocks were also supportive as the Brent crude oil price jumped 2.6 percent to $45.76. The benchmark is up 64 pct ...


Markets - Equity - Europe

Turkish stocks plunge on possible ousting of prime minister LONDON: Turkish stocks fell almost 2 percent on Thursday to eight-week lows and default insurance costs surged after the country's prime minister looked set to leave after clashing with President Tayyip Erdogan. The Turkish woes came against a backdrop of generally lacklustre emerging equity markets which are being rattled by signs of a renewed and prolonged downturn in world growth with little sign of any pick up in developing countries.Istanbul-listed stocks are track for their ...

Markets - Equity - Asia

European stocks rebound LONDON: European stock markets staged a modest rebound on Thursday following two days of heavy losses on concerns over slowing global growth.Asia's indices mainly fell however following a negative lead overnight from Wall Street, as markets geared up for key US jobs data due Friday. Around 0945 GMT, London's benchmark FTSE 100 index was up 0.2 percent compared with Wednesday's close. In the eurozone, Frankfurt's DAX 30 index rose 0.6 percent and the Paris CAC ...

Markets - Equity - Asia

Hong Kong, Shanghai end morning on a low HONG KONG: Hong Kong and Shanghai stocks slipped Thursday morning, extending the previous days losses after another Wall Street sell-off as investors fret over the state of the global economy.The Hang Seng Index in Hong Kong sank 0.35 percent, or 71.75 points, to 20,454.08 by the break.Shanghai's benchmark composite index slipped 0.27 percent, or 8.21 points, to 2,983.06 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.07 percent, or ...

Markets - Equity - Europe

European stock markets steady at open LONDON: Europe's main stock markets were steady at the start of trading on Thursday after two days of heavy losses on concerns over slowing global growth.London's benchmark FTSE 100 index climbed 0.2 percent to 6,125.56 points compared with Wednesday's close. In the eurozone, Frankfurt's DAX 30 index rose 0.2 percent to 9,849.70 points and the Paris CAC 40 dipped 0.1 percent in value to open at 4,321.36.A disappointing set of readings and announcements from the ...

Markets - Equity - Americas

US stocks tumble on weak jobs data NEW YORK: Wall Street stocks tumbled for the second day in a row Wednesday as data showing weak US private-sector hiring raised worries about Friday's jobs report for April.US companies added a modest 156,000 jobs in April, about 40,000 less than analysts had expected, and down from 194,000 in March, said payrolls group ADP.The data was released two days before the Department of Labor's April jobs report."You see people take risk exposure off to prepare ...

Markets - Equity - Europe

Britain's FTSE hits three-week low as mining shares extend losses LONDON: Britain's FTSE 100 index slid to a three-week low on Wednesday as basic-resources stocks extended the previous day's losses and retailers came under pressure.The FTSE 100 index dropped for a third straight session and closed down 73.57 points, or 1.2 percent, at 6,112.02 points, its lowest level since early April.The UK mining index fell 4.2 percent after slumping 6.8 percent on Tuesday as copper prices slipped further on concern about weakness in global manufacturing ...