08252016Thu
Last update: Thu, 25 Aug 2016 09am

Markets - Equity

Markets - Equity - Europe

Polish financial stocks fall as state insurer eyes Pekao deal BUDAPEST: Shares in Polish state-run insurer PZU fell to a record low on Tuesday on a report it would hold talks to buy Bank Pekao from UniCredit , a move investors worried could hurt future dividend payments.Central European assets were mostly flat or eased slightly on expectations that Federal Reserve Chair Janet Yellen will flag interest rate hikes in a speech on Friday.While Polish assets are supported by the region's healthy economic growth, prices are being weighed down by domestic political worries, in particular over government interference in the banking sector.Warsaw's bluechip stock index has been one of Central Europe's worst performers with 4 percent loss so far this year, compared with a 16 percent rise in Budapest.PZU shares touched a record low at 27.12 zlotys before rebounding to 27.22 by 1325 GMT, down 3.3 percent from Monday's close.The stocks of Pekao, Poland's second biggest lender, shed 2.2 percent, trading ...


Markets - Equity - Europe

European shares gain, led by housebuilders, mining companies LONDON: European shares advanced on Tuesday, with housebuilders leading the market higher and mining companies rebounding from their declines the day before. Britain's second-largest housebuilder, Persimmon, rose 4.2 percent after reporting its reservation rate had risen an annual 17 percent since the start of July.Some builders have warned Britain's vote in June to leave the European Union could slow the property market. "The group's interims have run out better than we anticipated," Shore Capital analyst ...

Markets - Equity - Americas

US equity fund managers see reason to worry ahead of September NEW YORK: The rally in US stocks since late June is prompting some mutual fund managers to prepare for a rocky September. In part, the concerns are seasonal: September has seen more monthly declines of 5 percent or more in the S&P 500 than any other month since 1945 and is tied with August for the worst month in average returns overall, according to S&P Capital IQ. Poor corporate earnings or outlooks for the upcoming ...

Markets - Equity - Europe

European markets rise on better data European stocks rebound LONDON: European stock markets rebounded on Tuesday, driven by improving eurozone data and signs that the initial impact of Britain's shock EU exit vote may not be as bad as feared.Investors were also looking to a speech on Saturday from Federal Reserve boss Janet Yellen for insights into the state of the US economy and any plans for an interest rise.At the close, Frankfurt's DAX 30 stocks index had added 1.0 percent and the Paris ...

Markets - Equity - Americas

TSX rises to 1-week high as bank earnings support financials TORONTO: Canada's main stock index rose to a one-week high on Tuesday, led by financial shares after one of the country's major banks reported better-than-expected earnings, while lower oil prices weighed on energy stocks.Bank of Montreal rose 2.5 percent to C$86.50. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital markets businesses.Gains for bank stocks helped drive the financials group 0.9 percent higher, while ...

Markets - Equity - Middle East & Africa

Gulf slides with oil but closes off lows DUBAI: Most major Gulf stock markets fell on Tuesday after Brent crude oil dropped back below $49 a barrel, but most closed well off their lows as investors bought blue chips in late trade.The Saudi index closed 0.2 percent lower at 6,096 points, extending Monday's 1.7 percent slide. But gainers slightly outnumbered losers 77 to 74 and the index bounced from an intra-day low of 6,063 points, holding minor technical support on the April low ...

Markets - Equity - Europe

European markets bounce back European stocks rebound LONDON: European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data.The single currency's economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday.Investors were meanwhile looking ahead to a key speech from Federal Reserve boss Janet Yellen, hoping for some insight into the state of the US economy and the bank's plans for its next interest ...