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Last update: Mon, 23 Jan 2017 07am

Markets - Equity

Markets - Equity - Americas

Wall St set for worst day in 2017 as Trump-trade fizzles NEW YORK: US stock moved off their session lows around midday on Thursday, but were still set for their worst day this year as the lack of details on economic policy in Donald Trump's speech hit investors optimism and winded a post-election rally. The losses were broad-based.All but 3 of the 30 components were lower, while 10 of the 11 major S&P 500 sectors declined. In his first news conference since election, Trump on Wednesday gave no details on tax cuts or infrastructure spending. He instead lashed out at US spy agencies and media houses over what he called a 'phony' Russia dossier. "Some wind has been taken out of the reflation trade, at least for the short term," said Jeff Zipper, managing director at the Private Client Reserve, US Bank in Florida. "There is a high probability of more volatility if his agenda does not go through or may ...


Markets - Equity - Middle East & Africa

Nigeria stock exchange says working with MTN on 2017 listing LAGOS: Nigeria's stock exchange (NSE) is working "very closely" with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse said on Thursday."The pressure on MTN has never been higher to list," NSE Chief Executive Oscar Onyema told a business conference."There's a project team working with them." Africa's biggest mobile phone operator, has said it aims to list its Nigerian unit on the local ...

Markets - Equity - Middle East & Africa

Saudi edges up in volatile trade as oil recovers, Egypt hits record DUBAI: Saudi Arabia's stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September, while Egypt extended its bull run as international funds accumulated shares. The Saudi index closed 0.4 percent higher at 6,922 points; it remains near a six-week low and lost 3.8 percent over the week. Investors bought shares after Brent oil futures rebounded 2.7 percent overnight and traded above $55.50 on Thursday. Eight of the 14 ...

Markets - Equity - Europe

Dollar tumbles, bonds rebound as Trump traction fades LONDON: The US dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing gave little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. Trump did not mention tariffs against Chinese exports, a relief for Asian markets fearing the outbreak of a global trade war, and there was more pain for the dollar as the euro drove higher on ECB minutes showing a split over stimulus. It was ...

Markets - Equity - Americas

TSX down as bank declines offset resource stock gains TORONTO: Canada's main stock index turned lower in early trade on Thursday as losses among heavyweight financial stocks offset gains in mining and energy companies as commodity prices rose. The Toronto Stock Exchange's S&P/TSX composite index was down 15.92 points, or 0.1 percent, at 15,475.62 shortly after the open. Copyright Reuters, 2017

Markets - Equity - Americas

US stocks off to worst start in 2017 after Trump speech NEW YORK: Wall Street's main indexes on Thursday got off to their worst start this year after Donald Trump gave little clarity on his promises for economic growth that had powered a record-breaking rally on Wall Street for two months.The US President-elect, in his first news conference on Wednesday, gave no details on tax cuts or infrastructure spending, and instead lashed out at US spy agencies and news agencies over what he called a 'phony' ...

Markets - Equity - Asia

Tokyo stocks down as drugmakers hit by Trump comments TOKYO: Tokyo stocks closed down Thursday as drugmakers were hit by US President-elect Donald Trump's warning that the US pharmaceutical sector was "getting away with murder" in overcharging and sending production capacity overseas.Japan's top drugmaker Takeda Pharmaceutical dropped 2.61 percent to end the day at 4,840 yen while rival Astellas tumbled 4.19 percent to 1,600 yen.The drop followed similar losses for their counterparts on Wall Street as Trump vowed to rein in the industry by ...