12062016Tue
Last update: Tue, 06 Dec 2016 10pm

Markets - Equity

Markets - Equity - Europe

European stocks catch Italian cold LONDON: Shares in Italian banks slumped Monday on jitters over the outcome of a crucial weekend referendum, dragging down markets across Europe, while the outlook on an OPEC production deal fluctuated along with oil prices.In afternoon trading, shares in Italian lenders Unicredit and Banco Popolare were down around 3 percent compared with Friday's closing levels.The poor sentiment extended to the rest of Europe, with Royal Bank of Scotland and Societe Generale falling 1.4 percent, while Deutsche Bank shed 0.7 percent.Tensions between Italian Prime Minister Matteo Renzi and the EU have reached a boiling point ahead of Sunday's referendum on constitutional reform."It's a key moment for Italy's banks," noted Neil Wilson, senior market analyst at ETX Capital."Sunday's referendum on constitutional reform is Italy's Brexit moment and a No vote would send tremendous shockwaves through the markets and the banking system.""It could also heap pressure on the euro. Already crushed post-Trump, the ...


Markets - Equity - Europe

Energy and banking stocks drop, government bond yields retreat BUDAPEST: Central European equities mostly eased on Monday as a drop in crude oil prices hit energy shares while worries over Italian banks ahead of the country's looming referendum hurt the financial sector.Italian Prime Minister Matteo Renzi, who wants to bail out troubled banks, could resign if voters reject a constitutional amendment at Sunday's referendum.Oil prices fell on expectations that OPEC oil producers will not agree on output cuts at this week's meeting to consider ...

Markets - Equity - Americas

TSX falls, weighed by railroad, energy, financial shares TORONTO: Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose.At 10:53 a.m. EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 27.2 points, or 0.18 percent, to 15,048.24. Last week, the index advanced 1.4 percent, extending its rally since the US election.The most influential movers on the index included railroad stocks, with Canadian National ...

Markets - Equity - Middle East & Africa

Second-tier stocks boost Saudi, foreign money supports Egypt DUBAI: Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia's stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia's index climbed 0.9 percent to 6,904 points, rising above major technical resistance on its April peak of 6,876 points. A second consecutive close above that level would be very bullish technically and point to the index reaching ...

Markets - Equity - Americas

TSX falls as industrials, financials lose ground TORONTO: Canada's main stock index fell on Monday as industrials and financials lost ground, offsetting gains for the materials group as commodity prices rose. The Toronto Stock Exchange's S&P/TSX composite index was down 24.36 points, or 0.16 percent, at 15,051.08, shortly after the open. Seven of the index's 10 main groups were lower. Copyright Reuters, 2016

Markets - Equity - Europe

European shares dragged lower by oil stocks, Italian banks MILAN: European shares fell on Monday, weighed down by a drop in crude oil prices, while Italian banks hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi.The pan-European STOXX Europe 600 index was down 0.8 percent by 0941 GMT. The oil & gas index and the regional banks' index were down 1.4 percent and 1.6 percent respectively, making them the two biggest sectoral fallers.Shares in ...

Markets - Equity - Europe

Britain's FTSE index slips as crude oil drops LONDON: Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks.The blue-chip FTSE 100 index was down 0.7 percent in morning trading after recent gains. The benchmark index is still up about 8 percent so far this year even after falling around 5 percent since its October peak.Energy shares led the broader stock market lower, with the UK oil ...