05022016Mon
Last update: Mon, 02 May 2016 04am

Markets - Equity

Markets - Equity - Americas

Fed keeps key rate unchanged, noting slower US growth WASHINGTON: The Federal Reserve kept its benchmark interest rate unchanged Wednesday citing slower growth in the US economy even as the labor market strengthens.The Fed stuck to its stance that US monetary policy will tighten only gradually and gave no hint as to whether it could lift the short-term federal funds rate at its next meeting in June.But the language of its policy statement at the end of a two-day meeting suggested it was slightly less concerned about the global economic and financial landscape than during the first quarter of the year.Instead, it suggested that domestic growth -- generally thought to have slowed to about a 0.9 percent annual pace in the first quarter -- and still-weak inflation were its primary concerns.Since the March meeting, the Federal Open Market Committee said, "labor market conditions have improved further even as growth in economic activity appears to have slowed.""Growth in household spending ...


Markets - Equity - Europe

Stock markets diverge awaiting Fed LONDON: World stock markets diverged on Wednesday as investors awaited a US Federal Reserve meeting and digested US tech giant Apple's first-ever drop in iPhone sales.Asian markets took a knock, with Apple's suppliers hit, and US stocks also fell moderately in early trades, with shares in the company sharply lower a day after the earnings release.In Europe, London was up after an earlier drift as official data showed British economic growth slowing in the first ...

Markets - Equity - Middle East & Africa

Petrochemicals lift Saudi, rest of region sluggish DUBAI: Petrochemical stocks and a few shares expected to benefit from Saudi Arabia's economic reform plans lifted the Riyadh market on Wednesday while other Gulf bourses were sluggish.The main Saudi stock index added 0.9 percent as the biggest petrochemical maker, Saudi Basic Industries, gained 1.5 percent after Brent oil rose as high as $47.05 a barrel, its highest this year.Another producer, Saudi Kayan, was the most heavily traded stock and rose 5.2 percent.Al Tayyar Travel ...

Markets - Equity - Europe

Britain's FTSE edges up after Glaxo boost LONDON: Britain's top share index edged up on Wednesday, boosted by strong results from drugmaker GlaxoSmithKline, while banking stocks were mixed as traders digested latest figures from Barclays and Standard Chartered.The benchmark FTSE 100 index was up 15.03 points, or 0.2 percent, at 6,299.55 points by 1335 GMT. That is 2 percent below a 2016 high hit last week.The index is down around 12 percent from a record high it reached one year ago today, ...

Markets - Equity - Europe

European shares helped by rise in utilities, oils; Athens drops LONDON/MILAN: European shares edged higher on Wednesday helped by gains among utilities and energy stocks, while Greek equities lost ground after euro zone officials delayed a meeting on the country's bailout.Greece's benchmark ATG equity index fell 2.8 percent, making it the worst-performing market in the region.The Athens market fell after the Eurogroup said late on Tuesday that euro zone finance ministers would not meet on Thursday and needed more time to discuss two sets of ...

Markets - Equity - Americas

TSX rises as higher oil supports energy, Bombardier rallies TORONTO: Canada's main stock index rose on Wednesday as higher oil prices supported energy stocks, while industrials also advanced on speculation of a major order for a plane and train maker.Shares of Bombardier Inc rose 6 percent to C$2.11 after the company moved forward release of its first-quarter results by a day to Thursday in a surprise announcement that elevated market expectations of a big CSeries order this week.Cenovus Energy Inc reported a wider-than-expected quarterly ...

Markets - Equity - Americas

Nasdaq tumbles as Apple earnings disappoint NEW YORK: Apple shares plunged in opening trade Wednesday following disappointing earnings, sending US markets into the red.Apple, the world's largest company by market value, sank 7.2 after reporting its first-ever drop in iPhone sales in earnings released late Tuesday afternoon. Profits also fell in the fiscal second quarter, while revenues suffered their first quarterly drop since 2003.The weak Apple results were most detrimental to the tech-rich Nasdaq Composite Index, which was down 0.6 percent ...