05292016Sun
Last update: Sun, 29 May 2016 04pm

Markets - Equity

Markets - Equity - Americas

Brazilian stocks up after lawmakers approve budget deficit SAO PAULO: Brazilian equities rose on Wednesday after interim President Michel Temer's government cleared its first major test in Congress, gaining permission to post a record budget gap this year.Many traders had feared Temer's two-week-old administration could struggle to gather support for the bill after the resignation of a high-ranking minister accused of plotting to hamper a sweeping corruption probe."The honeymoon is over and Temer is taking his first steps in Congress," said Jaime Ferreira, head trader at Intercam brokerage in S?o Paulo.Some analysts, however, argued the government could still face problems passing its fiscal austerity measures. Temer said on Tuesday he will seek a constitutional amendment to limit increases in public spending.The country's benchmark Bovespa stock index rose 1.2 percent on Wednesday, supported by an increase in financial shares.The move also tracked a rise on Wall Street and a jump in crude prices , with shares of state-controlled oil ...


Markets - Equity - Europe

Emerging stocks hit one-week high, Turkey assets fall LONDON: Emerging stocks surged on Wednesday, tracking gains on Western markets for their biggest daily rise in eight weeks, though currencies broadly fell, with the Turkish lira slipping from two-week highs. MSCI's emerging market index jumped 1.6 percent to a one-week high, with Asian and European bourses booking solid gains and Russian dollar-stocks up more than 2 percent. Upbeat US home sales, coming on the heels of a raft of positive data, reinforced investors' positive ...

Markets - Equity - Europe

Polish bonds rebound on solid auction BUDAPEST/WARSAW: Government bonds rebounded in Warsaw on Wednesday as an auction drew solid demand amid signs of an easing of a constitutional standoff with Brussels.Poland's 10-year government bond yield had earlier touched a 3-week high at 3.119 percent amid expectations of a US Federal Reserve interest rate hike that weighed on debt markets across central Europe.But analysts said demand was higher than expected when the finance ministry offered 2-4 billion zlotys worth of bonds at ...

Markets - Equity - Asia

Sri Lankan shares snap losses to end higher, but foreign investors sell COLOMBO: Sri Lankan shares snapped three straight sessions of losses on Wednesday to edge up from a 3-week closing low despite foreign investor outflows, as investors picked up telecom and diversified shares. The benchmark stock index rose 0.2 percent, or 12.91 points, to 6,583.49, edging up from its lowest close since May 4 hit on Tuesday. It fell 1.12 percent last week, its first weekly fall in seven weeks. "Market ended in the green zone, ...

Markets - Equity - Europe

Stocks climb as Brexit, Grexit risks ease LONDON: Easing concerns over several major global risks helped stock markets rise robustly for a second day on Wednesday, underpinned by gains in oil and metals prices and data showing the U.S. economy can deal with a hike in interest rates.Traders say several polls showing Britain will vote strongly to stay in the European Union in a referendum in June have done more than just support sterling, up 5 percent in trade-weighted terms from lows ...

Markets - Equity - Asia

Hong Kong ends up after rally, but Shanghai slides HONG KONG: Hong Kong stocks ended higher Wednesday, gaining for a second straight session and tracking a rally on Wall Street and in Europe.The Hang Seng Index jumped 2.71 percent, or 537.62 points, to 20,368.05.But the benchmark Shanghai Composite Index fell 0.23 percent, or 6.58 points, to 2,815.09, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.24 percent, or 4.37 points, to 1,800.23.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Europe

European shares hit new 4-week high, Novo Nordisk leads LONDON: European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners.The pan-European FTSEurofirst 300 index was up 0.7 percent in early dealings, with the index briefly touching its highest level since late April.Novo Nordisk rose 3 percent, the top FTSEurofirst 300 gainer, after the U.S. Food & Drug Administration (FDA) ...