05252016Wed
Last update: Wed, 25 May 2016 10am

Markets - Equity

Markets - Equity - Americas

US stocks rise as chip companies boost Nasdaq 1.2pc NEW YORK: Wall Street stocks rose Friday with the Nasdaq climbing more than one percent following a blowout earnings report from chip supplier Applied Materials.Applied Materials, which provides materials and software to build semiconductors, surged 13.8 percent after announcing that second-quarter orders jumped 37 percent from the year-ago period to $3.45 billion as it predicted record profits in 2016.Chip companies Western Digital and Micron Technology rose 3.1 percent and 7.3 percent, respectively.Meanwhile the broader market benefited from a bounce after largely negative trade the last three days."People were under-invested," said Mace Blicksilver, director of Marblehead Asset Management.At the closing bell, the Dow Jones Industrial Average stood at 17,498.48, up 0.4 percent.The broad-based S&P 500 rose 0.6 percent to 2,052.19, while the tech-rich Nasdaq Composite Index jumped 1.2 percent to 4,7369.56. Copyright AFP (Agence France-Presse), 2016


Markets - Equity - Americas

Dollar rises to third weekly gain; stocks jump NEW YORK: Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains. US home resales rose more than expected in April, suggesting the American economy has continued to gather pace during the second quarter. The data added to a growing perception that a ...

Markets - Equity - Europe

European stocks rebound before G7 meeting LONDON: European stocks rebounded on Friday following sharp losses the previous session, as markets tracked a meeting of the world's biggest economies in Japan.Around 1330 GMT, London's benchmark FTSE 100 index rallied 1.4 percent compared with Thursday's close.Frankfurt's DAX 30 index won 0.9 percent and the Paris CAC 40 jumped 1.2 percent.Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US ...

Markets - Equity - Americas

Little for US stock investors to cheer on anniversary of S&P record high NEW YORK: A year ago the US stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary.The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. It also has yet to top its intraday record high of 2,134.72 hit on May 20, 2015.A raft of concerns has pressured equities over the past year, ...

Markets - Equity - Europe

Polish assets lag on rule-of-law row BUDAPEST/WARSAW: Polish assets mostly lagged a Central European rebound on Friday, amid a row in parliament about a likely EU crackdown on Warsaw's political establishment over alleged rule-of-law violations.The European Commission has given Warsaw until Monday to make significant progress on the issue, while Prime Minister Beata Szydlo told parliament she would not respond to an ultimatum.The standoff stems from changes that the government imposed on Poland's constitutional court.The zloty eased a quarter of a ...

Markets - Equity - Americas

Brazil stocks up as Parente named Petrobras CEO SAO PAULO: Brazilian equities rose on Friday after the nomination of a well-known executive as head of Petrobras allayed fears of political meddling at the embattled state-controlled oil company.Brazil's interim president, Michel Temer, announced on Thursday he will name Pedro Parente as chief executive officer of Petr?leo Brasileiro SA, as the company is formally known.He will be charged with helping the company out of its current financial crisis, a result of low world oil prices, ...

Markets - Equity - Europe

European stocks rebound at open LONDON: European stock markets rebounded at the start of trading on Friday following sharp losses the previous session.London's benchmark FTSE 100 index climbed 0.9 percent to 6,108.42 points compared with Thursday's close.Frankfurt's DAX 30 index won 0.8 percent to 9,878.49 points and the Paris CAC 40 jumped 1.0 percent to 4,323.62.Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US rate ...