08252016Thu
Last update: Thu, 25 Aug 2016 11am

Markets - Equity

Markets - Equity - Asia

China stocks edge up as strength in transport shares offsets property decline SHANGHAI: China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling northeast rustbelt, offsetting falls in real estate stocks. The blue-chip CSI300 index rose 0.2 percent, to 3,341.83. The Shanghai Composite Index also gained 0.2 percent, to 3,089.71 points.China has rolled out a plan to revive its northeast rustbelt over the next three years, including 127 major investment projects.The government also unveiled detailed plans to lower business costs in the next several years to aid a slowing economy.Transportation and raw material shares rose. The healthcare sector were also firm.But the property sector fell 0.6 percent.Copyright Reuters, 2016


Markets - Equity - Asia

Hong Kong stocks down at lunch but Shanghai rises HONG KONG: Hong Kong stocks ended the morning session in negative territory Tuesday, in line with losses in New York and Europe, while investors await a key speech by Federal Reserve boss Janet Yellen at the end of the week.The Hang Seng Index fell 0.32 percent, or 73.41 points, to 22,924.50.But the benchmark Shanghai Composite Index rose 0.22 percent, or 6.69 points, to 3,091.50 and the Shenzhen Composite Index, which tracks stocks on China's second ...

Markets - Equity - Asia

Tokyo shares end lower, snapping two-day rally TOKYO: Tokyo shares snapped a two-day rally Tuesday with energy firms hit by a drop in oil prices and low-volume trading.Oil extended the previous day's sharp losses stoked by concerns a pick-up in output from Iraq and Nigeria will compound a global oversupply problem.Traders are now awaiting a speech by Federal Reserve chief Janet Yellen at the Jackson Hole symposium of global central bankers on Friday, hoping she will give some clues about US monetary ...

Markets - Equity - Europe

European stocks rebound at open LONDON: Europe's main stock markets rebounded at the start of trading on Tuesday, with London's benchmark FTSE 100 index rising 0.4 percent to 6,855.94 points.In the eurozone, Frankfurt's DAX 30 won 0.5 percent to 10,542.95 points and the Paris CAC 40 gained 0.4 percent to open at 4,406.34, compared with the close on Monday.Eurozone stocks had drifted lower Monday, as traders await a key meeting of central bankers at the end of the week, while ...

Markets - Equity - Australia

Australia shares poised for flat start, NZ at record highs SYDNEY: Australian shares are likely to start mostly unchanged on Tuesday as they track Wall Street, but a drop in metals and oil prices overnight are expected to weigh on the benchmark index.Local share price index futures slipped 0.1 percent to 5,494 points, a 21.1 point discount to the underlying benchmark, which lost 0.21 percent on Monday.Caltex Australia and Oil Search report half-year figures.New Zealand's benchmark S&P/NZX 50 index hit another record high of 7,481.0 ...

Markets - Equity - Americas

US stocks flat; oil, Treasury yields fall as investors await Fed NEW YORK: US stocks and oil edged lower while US Treasury yields fell on Monday on expectations the Federal Reserve will signal this week that it is preparing to raise US interest rates.An upbeat assessment of the US economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was viewed as raising the prospect of Fed Chair Janet Yellen flagging a rate rise at a meeting with world central bankers on Friday. Treasury yields rose ...

Markets - Equity - Americas

Wall St flat as biotechs offset energy NEW YORK: US stocks were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks. The Dow Jones industrial average fell 22.46 points, or 0.12 percent, to 18,530.11, the S&P 500 lost 1.2 points, or 0.05 percent, to 2,182.67 and the Nasdaq Composite added 6.23 points, or 0.12 percent, to 5,244.60. Copyright Reuters, 2016