02122016Fri
Last update: Fri, 12 Feb 2016 12pm

Markets - Equity

Markets - Equity - Americas

TSX falls as banks, energy stocks weigh TORONTO: Canada's main stock index fell on Monday as heavyweight banking and energy stocks lost ground, offsetting gains among gold miners.Oil and gas companies retreated 2.7 percent, while the financial group slipped 2 percent. Industrials fell 1.8 percent.The most influential weights on the index included Royal Bank of Canada, which fell 2.1 percent to C$69.68, and Suncor Energy Inc, which lost 2.7 percent to C$31.02.Oil prices fell as a meeting of producing countries Saudi Arabia and Venezuela showed few signs that steps would be taken to deal with a supply overhang.Canadian banks followed their European counterparts lower as worries over global growth triggered stress in the financial sector.At 10:17 a.m. EST (1517 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 211.53 points, or 1.66 percent, at 12,552.46.Nine of the index's 10 main groups were in negative territory, with decliners outnumbering advancers by almost six to one.The materials group, ...


Markets - Equity - Europe

Concerns over banks, growth drive European stocks sharply down MILAN/LONDON: European shares touched a 16-month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector.The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points by 1521 GMT, its lowest level since October 2014.The STOXX Europe 600 banking index, down 4.7 percent, was among the top decliners. The index is down more than 22 percent so far this year on concerns about ...

Markets - Equity - Europe

European stocks slip further on bank and growth concerns MILAN/LONDON: European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth.The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013.The STOXX Europe 600 banking index fell 5.6 percent, making it the top sectoral faller. The index is down around 24 percent so far this year on concerns about ...

Markets - Equity - Americas

Shares tumble on global growth concerns; Treasury yields fall NEW YORK: Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky.European shares extended the previous week's big losses, with the FTSEurofirst 300 index of top regional shares closing at its lowest level since Oct. 2013.The STOXX Europe 600 banking index ...

Markets - Equity - Americas

US stocks skid; Nasdaq -2.2% NEW YORK: Wall Street stocks dropped sharply in early trade Monday with petroleum-linked shares, banking and technology equities falling hard after another drop in oil prices.About 25 minutes into trade, the Dow Jones Industrial Average stood at 15,927.95, down 277.02 points (1.71 percent).The broad-based S&P 500 fell 34.89 (1.86 percent) to 1,845.16, while the tech-rich Nasdaq Composite Index dropped 95. 57 (2.19 percent) to 4.267.89.The losses in New York came as European bourses suffered even ...

Markets - Equity - Americas

Greek stocks fall sharply on banking sector meltdown ATHENS: Greek stocks tumbled on Monday to close nearly eight percent lower, with bank shares losing almost a quarter of their market value amid concerns over the future of government reforms.The general index on the Athens stock exchange closed down 7.9 percent at 464.23 points -- a 25-year-low -- while banks suffered a 24.3-percent average drop.Top companies such as the Public Power Corporation, the Piraeus Port Authority and prominent construction firms lost between four and ...

Markets - Equity - Americas

US stocks down 2% as global rout accelerates NEW YORK: Losses in Wall Street stocks accelerated Monday morning, with the Dow and S&P 500 dropping more than two percent as global equities retreated after another drop in oil prices.Near 1550 GMT, US stocks had cut losses a bit, with the Dow Jones Industrial Average down 285.68 points (1.76 percent) at 15,919.29.The broad-based S&P 500 fell 33.11 (1.76 percent) to 1,846.94, while the tech-rich Nasdaq Composite Index shed 93.38 (2.14 percent) to 4,269.76.The losses ...