02092016Tue
Last update: Tue, 09 Feb 2016 06am

Markets - Equity

Markets - Equity - Europe

European shares end down in choppy trade, led by Credit Suisse MILAN: European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss.Losses, however, were limited by a rally in commodities which lifted miners and oil sector stocks.U.S. non-farm productivity slumped in the fourth quarter and jobless claims rose more than expected, data showed. That put added pressure on the dollar, which has been weakening as expectations for more U.S. interest rate hikes this year fade."The dollar is weakening because the market is starting to worry that the strength of the internal labour market may not be enough to contain the headwinds," said Marco Vailati, head of research at Cassa Lombarda. "What's needed are strong data that pour cold water on mounting expectations for a slowdown".The pan-European FTSEurofirst 300 index ended down 0.15 percent after a ...


Markets - Equity - Americas

Weaker dollar boosts commodities, lifts equities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the new ...

Markets - Equity - Europe

European shares slip with Wall Street, but London firm LONDON: European stocks were mostly weaker Thursday after a soft Wall Street opening, but shares in London rose after the Bank of England's latest economic forecast.At around 1445 GMT, London's benchmark FTSE 100 index stood out from the crowd at 0.57 percent higher, while Frankfurt shares were down 1.02 percent followed by Paris at 0.66 percent lower. European markets rebounded in earlier trading after tumbling on Wednesday, highlighting the recent volatility.Shares in the US were ...

Markets - Equity - Asia

Vietnam index ends 0.6pc higher, trade thin ahead of holiday HANOI: Vietnam's benchmark VN Index closed 0.57 percent higher on Thursday as rising global oil prices and better company earnings boosted sentiment, but trading was muted ahead of the Lunar New Year holiday.Dairy product maker Vinamilk rose 0.83 percent to close at a near one-month high, after it reported a 28-percent jump in net profit for 2015 on Wednesday.Oil prices rose as the US dollar slid on speculation the Federal Reserve might opt to not ...

Markets - Equity - Middle East & Africa

Saudi, Egypt up in early trade as oil rises DUBAI: Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Riyadh's index traded up 1.7 percent to slightly above 6,000 points, lifted by the petrochemical sector. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in ...

Markets - Equity - Asia

Indian shares on track to snap three days of falls on global crude rally MUMBAI: Indian shares rose on Thursday and headed for their first gain in four sessions, as global risk rally gathered momentum driven by hopes that the US Federal Reserve might opt to not raise interest rates at all this year. Asian shares gained on hopes of a Fed status quo which hammered the dollar and sparked a huge rally in oil prices. Domestic shares have been taking a beating on the back of declining global ...

Markets - Equity - Europe

Assets firm, good demand seen at bond auctions BUDAPEST/PRAGUE: Stocks rose, currencies steadied and traders expected healthy demand at government bond auctions in Central Europe on Thursday as investor expectations for US rate increases dwindled.The crown was flat at 27.022 against the euro at 0859 GMT and short-term Czech government debt yields dropped on the short end of the curve before a Czech Central Bank meeting expected to leave its rates unchanged.Analysts expect the bank to maintain its cap on the value of ...