02082016Mon
Last update: Mon, 08 Feb 2016 07am

Markets - Equity

Markets - Equity - Asia

SE Asia Stocks-Rebound as oil recovers; Philippines up 2pc BANGKOK: Southeast Asian stock markets rose on Thursday as a rebound in global oil prices lured buyers of battered energy shares, with the Philippine benchmark posting its biggest gain in more than a week.The Philippine index jumped 2 percent, its best one-day gain since Jan. 27. Petron Corp rose 4.2 percent while First Gen Corp advanced 3.4 percent, both among the top gainers, stock exchange data showed.Jakarta's composite index ended two days of losses, hitting a more-than-three-month high. Singapore notched up gains for the first time in three days while Malaysia rebounded after two days of losses.Gains in Bangkok's SET index were relatively modest, weighed down by a 10.6 percent drop in shares of Total Access Communication after disappointing earnings and a dividend plan cut, prompting analysts downgrades.Public holidays in the region next week still capped risk appetite while investors also waited to see the Bank of England's interest rate ...


Markets - Equity - Europe

European shares get commodities boost, Credit Suisse slumps LONDON: European shares climbed higher on Thursday, with commodities-related shares surging after a sharp decline in the US dollar that made dollar-priced crude oil and metals cheaper for those using other currencies. However, Credit Suisse slumped 10 percent, the biggest loss in the FTSEurofirst 300 index. The bank posted its first full-year loss since 2008 after it booked a big impairment charge for its investment banking business under new Chief Executive Tidjane Thiam.The dollar fell ...

Markets - Equity - Asia

Hong Kong stocks rally as oil surges HONG KONG: The energy sector led a rally in Hong Kong stocks Thursday as oil prices surged while speculation has also increased that recent global volatility will prevent the US from lifting interest rates again this year.The Hang Seng Index rose 1.01 percent, or 191.50 points, to close at 19,183.09.And in Shanghai the benchmark composite index gained 1.52 percent, or 41.77 points, to 2,781.02, while the Shenzhen Composite Index, which tracks stocks on China's second ...

Markets - Equity - Europe

European stock markets rebound at open LONDON: Europe's main stock markets rallied at the start of trading on Thursday, rebounding from heavy falls the previous session as world equities extend a run of volatility.London's FTSE 100 benchmark index jumped 1.5 percent to 5,925.6 points compared with Wednesday's close.In the eurozone, Frankfurt's DAX 30 index rose 0.9 percent to 9,522.7 points and the Paris CAC 40 won 1.2 percent to 4,276.2.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Asia markets rally, oil extends gains as dollar eases HONG KONG: Oil extended the previous day's rally and Asian stocks surged Thursday while the dollar held most of its losses as the turmoil on global markets lowers expectations the US will hike interest rates again this year.Energy firms, for so long beaten down by the collapse in commodities, led gains as fresh hopes for talks between Russia and OPEC on cutting output lit a fire under crude prices.The gains are the latest in a ...

Markets - Equity - Asia

Most Asia markets rally, oil extends gains as dollar eases HONG KONG: Oil extended the previous day's rally and Asian stocks surged Thursday while the dollar held its losses as the turmoil on global markets lowers expectations the US will hike interest rates again this year.Energy firms, for so long beaten down by the collapse in commodities, led gains as fresh hopes for talks between Russia and OPEC on cutting output lit a fire under crude prices.The gains are the latest in a volatile cycle ...

Markets - Equity - Asia

Tokyo stocks down by break as stronger yen dents exporters TOKYO: Tokyo stocks ended lower Thursday as a stronger yen dented exporters while Panasonic and Hitachi were hit after warning China's growth slowdown was weighing on their financial results.However, energy firms were among the few gainers after oil prices surged on the back of a weaker dollar and hopes for talks to cut production.The greenback tumbled Wednesday as a disappointing US services sector report raised concerns about the impact of recent global gyrations in the ...