01172017Tue
Last update: Tue, 17 Jan 2017 07am

Markets - Equity

Markets - Equity - Europe

Stock markets drift after Fed update LONDON: Stock markets flattened Thursday and the dollar lost support as investors gave a lukewarm response to the Federal Reserve's signal that US interest rates may rise faster than expected.US central bankers on Wednesday hinted that they may need to raise interest rates more rapidly than planned owing to "considerable uncertainty" linked to US President-elect Donald Trump's fiscal stimulus plans that risks fanning inflation.This was according to minutes of the final 2016 policy meeting in December at which the US central bank lifted rates.In the wake of the Fed's update, Wall Street stocks won solid gains Wednesday, Tokyo shares ended flat Thursday and Europe's main stock markets fared no better at the half-way stage.London's benchmark FTSE 100 did however reach yet another intra-day record high in earlier trading, at 7,211.96 points, thanks to a weak pound which boosts share prices of multi-nationals listed on the index."The British economy continues to ...


Markets - Equity - Europe

European stock markets fall at open LONDON: Europe's main stock markets fell at the start of trading on Thursday as investors digested Federal Reserve signals on the pace of future US interest rate rises.London's benchmark FTSE 100 index dipped by a few points to 7,187.80 points, compared with the closing level on Wednesday which was a fifth record high finish in a row.In the eurozone Thursday, Frankfurt's DAX 30 index opened with a loss of 0.4 percent at 11,584.3 points and ...

Markets - Equity - Asia

China stocks end flat, yuan rebound grabs the spotlight SHANGHAI: China's main indexes barely changed on Thursday after a three-session winning streak, with investor attention largely diverted by a dramatic rebound in the offshore yuan. The blue-chip CSI300 index was flat at 3,367.79 points, while the Shanghai Composite Index gained 0.2 percent to 3,165.41 points.Investors' were muted in their response towards a private survey showing that growth in China's services sector accelerated to a 17-month high in December.Attention was squarely on the Chinese currency, ...

Markets - Equity - Asia

Takata shares continue rally on hopes of US settlement TOKYO: Struggling auto parts maker Takata surged again Thursday, the latest in a series of gains that have seen the value of its shares double since news broke last week of an expected settlement over a US criminal probe.The Japanese auto parts supplier could reach a final agreement with the US Department of Justice before President-elect Donald Trump assumes office January 20, sources familiar with the matter told AFP last week.At one point, Takata shares ...

Markets - Equity - Asia

Tokyo shares finish flat on yen strength TOKYO: Tokyo shares closed flat on Thursday as the benchmark index lost early gains on a stronger yen. The Nikkei 225 index lost 0.37 percent, or 73.47 points, to 19,520.69. But the broader Topix index of all first-section issues rose 0.08 percent, or 1.20 points, to 1,555.68.Copyright AFP (Agence France-Press), 2017

Markets - Equity - Americas

Stocks hold gains after Fed minutes; dollar down NEW YORK: Stock indexes around the world gained on Wednesday, bolstered by upbeat global economic data and by minutes from the Federal Reserve's December meeting, which showed policymakers thought the U.S. economy could grow more quickly because of fiscal stimulus under the Trump administration.The dollar retreated from a 14-year high against a basket of currencies, briefly hitting a session low, while U.S. Treasury debt yields slipped after the release of the minutes.The minutes showed how ...

Markets - Equity - Europe

Britain's FTSE steadies near record high, Next slumps LONDON: Britain's top share index closed slightly firmer and near a record high on Wednesday as a rally in housebuilders was offset by a slump in retailers after Next issued a profit warning.The bluechip FTSE 100 index closed 0.17 percent higher at 7,189.74 points, having touched an all-time high of 7,205.45 in the previous session.Next hit a two-month low and closed 14.4 percent weaker after the retailer cut its profit guidance for the current financial ...