12032016Sat
Last update: Sat, 03 Dec 2016 05am

Markets - Equity

Markets - Equity - Europe

European shares dragged lower by oil stocks, Italian banks MILAN: European shares fell on Monday, weighed down by a drop in crude oil prices, while Italian banks 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 by 0941 GMT. The oil & gas index and the regional banks' index were down 1.4 percent and 1.6 percent respectively, making them the two biggest sectoral fallers.Shares in oil majors Total, Royal Dutch Shell and Eni fell between 1.4 and 2.3 percent, after oil prices added to Friday's steep losses as doubts re-emerged over the ability of big producing countries to agree output cuts at a planned meeting on Wednesday.Banks, which had benefited from a rally in U.S. treasury yields following Donald Trump's victory in the race for the White House, were broadly as U.S. treasury yields pulled back from a 16 month ...


Markets - Equity - Europe

Britain's FTSE index slips as crude oil drops LONDON: Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks.The blue-chip FTSE 100 index was down 0.7 percent in morning trading after recent gains. The benchmark index is still up about 8 percent so far this year even after falling around 5 percent since its October peak.Energy shares led the broader stock market lower, with the UK oil ...

Markets - Equity - Asia

Hong Kong stocks end up as Shenzhen link announced HONG KONG: Hong Kong shares rallied Monday as traders welcomed news that a long-awaited link-up with the Shenzhen market would kick off next week.The Hang Seng Index added 0.47 percent, or 107.12 points, to close at 22,830.57.But the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.14 percent, or 3.03 points, to 2,126.82.The benchmark Shanghai Composite Index rose 0.46 percent, or 15.06 points, to end at 3,277.00.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Middle East & Africa

Gulf markets move sideways in early trade DUBAI: Gulf stock markets moved sideways in early trade on Monday with little fresh corporate news to spur buying, while uncertainty over oil prices also deterred some investors.Saudi Arabia's index was flat after 70 minutes of trade with most petrochemical companies little changed and the banking sector index edging down.Real estate developer Jabal Omar gained 1.4 percent after saying it had ended a contract with builder Saudi Binladin Group, settling an outstanding 196 million riyal ...

Markets - Equity - Asia

Tokyo's Nikkei index ends down on strong yen, oil dive TOKYO: Tokyo's benchmark stock index closed lower on Monday, snapping a seven-day winning streak with exporters hit by a stronger yen and energy firms tumbling on lower oil prices.The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna on Wednesday, with hopes it will codify a broad agreement struck in Algeria in September to cut production and protect prices.But crude rates tanked Friday on fears for the agreement as producers clash over its ...

Markets - Equity - Asia

Most Asia markets up but dollar slips against peers HONG KONG: Hong Kong led a gain in most Asian markets Monday after officials announced the start of a long-awaited link-up with Shenzhen, but the dollar retreated against most of its peers after its recent surge.Crude prices also saw fresh losses, after both main contracts slumped around four percent on Friday owing to disagreements over plans to cut output, with Iran and Iraq pressing to be excluded and Russia suggesting it will only freeze output.Officials ...

Markets - Equity - Asia

China blue-chip index set to rise for 6th session; Hong Kong up SHANGHAI: China's blue-chip CIS300 Index rose early on Monday, set for a sixth day of gains, with upbeat industrial profit data strengthening conviction the Chinese economy has bottomed out and making risk assets such as equities more attractive than bonds.Hong Kong shares also strengthened, touching a two-week high, as a pull-back in the surging U.S. dollar gave some relief to Asian shares, which had underperformed on worries about capital flight to high-yielding U.S. markets.Sentiment in ...