08282016Sun
Last update: Sun, 28 Aug 2016 09pm

Markets - Equity

Markets - Equity - Americas

Latam stocks, currencies seesaw ahead of Yellen speech SAO PAULO: Latin American stocks and currencies seesawed on Thursday as traders avoided big bets ahead of US Federal Reserve Chair Janet Yellen's speech on Friday.Investors have been eagerly awaiting Yellen's remarks at the global central bankers meeting in Jackson Hole, Wyoming, since late last week.Comments by various Fed policymakers have raised expectations that the US central bank could be eyeing an interest rate increase as soon as September, reducing the allure of high-yielding emerging market assets.Also fostering caution in Brazilian markets was suspended President Dilma Rousseff's trial at the Senate, which was widely expected to permanently confirm her impeachment.A final vote is likely to confirm her vice president Michel Temer as Brazil's new leader late on Tuesday or in the early hours on Wednesday. Rousseff is charged with meddling with fiscal accounts but denies any wrongdoings."From a market standpoint, the impeachment of President Dilma should be close to fully ...


Markets - Equity - Americas

Pharma nerves hit European stocks, dollar wobbles NEW YORK: Slumping healthcare stocks pulled European markets lower on Thursday after White House candidate Hillary Clinton demanded price cuts on a successful drug, while many investors awaited headlines from a big gathering of central bankers. Healthcare stocks were a major weight on the FTSE 100, with Hikma, Shire and AstraZeneca falling between 1.4 percent to 3.5 percent. London's FTSE closed 0.28 percent lower. The losses followed Democratic nominee Clinton's call for a lower price ...

Markets - Equity - Europe

European, US equities dip awaiting Fed LONDON: European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.Mid-afternoon, Frankfurt had shed 0.9 percent, London lost 0.3 percent and Paris shed 0.8 percent in value. The European single currency however rose against the dollar."What we are seeing today is another example of what we've seen for the last week, choppy markets that are ...

Markets - Equity - Europe

European shares end lower on weaker miners and drugmakers MILAN: European equities fell on Thursday, dragged down by weaker miners and drugmakers, with investors cutting their exposure to riskier assets ahead of a key speech by Federal Reserve Chair Janet Yellen on Friday.Although the Fed is seen maintaining rates at its September meeting, expectations have risen that Yellen might indicate a clearer timeframe for the next U.S. rate hike after this week's strong housing data and hawkish comments by other Fed officials.The pan-European STOXX ...

Markets - Equity - Americas

TSX edges higher as mining stocks rebound TORONTO: Canada's main stock edged slightly higher on Thursday, helped by a rebound in mining stocks and gains for Canadian Imperial Bank of Commerce after better-than-expected earnings.The steady performance for the index follows its biggest decline on Wednesday in more than eight weeks.The materials group, which includes precious and base metals miners and fertilizer companies, added 1.3 percent as gold stocks rebounded after losses on Wednesday.Fluctuation in gold stocks comes ahead of a speech on ...

Markets - Equity - Middle East & Africa

Saudi keeps falling on economy fears, UAE firm DUBAI: Most Gulf stock markets fell on Thursday with Saudi Arabia sliding for a fifth straight day, led by banks, but United Arab Emirates bourses were firm. Egypt sank as blue chip Orascom Telecom Media and Technology Holding reported a loss.The Saudi index, which on Wednesday fell below minor technical support on the April low of 6,066 points, sank 0.9 percent on Thursday to a six-month closing low of 5,977 points. Turnover was thin; this ...

Markets - Equity - Europe

European equities slide in choppy trade LONDON: European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.In late morning deals, Frankfurt sank 1.0 percent, London lost 0.3 percent and Paris shed 0.8 percent in value. The European single currency however rose against the dollar."What we are seeing today is another example of what we've seen for the last week, choppy markets ...