08292016Mon
Last update: Mon, 29 Aug 2016 01am

Markets - Equity

Markets - Equity - Asia

Automakers lead Tokyo stocks higher by close TOKYO: Tokyo stocks finished higher Wednesday with the market led by strong gains among automakers including Toyota and rival Nissan.Investors are now awaiting a speech by US central bank boss Janet Yellen at the Jackson Hole symposium of global central bankers Friday, hoping she will shine some more light on the direction of US monetary policy.The market won some support from forex trading, where the dollar rose to 100.38 yen from 100.23 yen Tuesday in New York. A weaker yen is a plus for Japan's exporters as it lifts their overseas profitability.But Tokyo share trading was thin with many investors away for the summer break."We're low on investors at the end of summer and we're also waiting for Yellen's speech in Jackson Hole, so many don't want to take a position in the market," Kiyoshi Ishigane, chief strategist at Mitsubishi UFJ Kokusai Asset Management, told Bloomberg News.At the close, the ...


Markets - Equity - Americas

Housing sector lifts US, European stocks; oil rises NEW YORK: Homebuilders helped lift both US and European stock markets on Tuesday, while oil prices got a boost from Iran's positive signals about an output freeze. On Wall Street, technology companies led the Nasdaq to a record intraday high and robust housing market data strengthened the case for a firming economy. Housing stocks jumped 2 percent after the Commerce Department reported new US single-family home sales unexpectedly soared in July to near nine-year highs. ...

Markets - Equity - Americas

Wall St edges up led by tech, strong data NEW YORK: US stock rose modestly on Tuesday, as gains in the tech sector helped lift the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be picking up momentum. The Dow Jones industrial average rose 17.88 points, or 0.1 percent, to 18,547.3, the S&P 500 gained 4.26 points, or 0.2 percent, to 2,186.9 and the Nasdaq Composite added 15.48 points, or 0.3 percent, to 5,260.08. Copyright ...

Markets - Equity - Americas

Best Buy shines as US stocks edge higher NEW YORK: US stocks edged higher Tuesday, but the tone of trade remained cautious ahead of Federal Reserve Chair Janet Yellen's speech on the economy at the end of the week.Electronics retailer Best Buy grabbed the most attention, rocketing 19.4 percent after its second quarter profits handily beat forecasts and the company boosted its outlook for the rest of the year.But drugmaker Mylan Pharmaceuticals sank 4.8 percent after US legislators called for probes into the ...

Markets - Equity - Americas

TSX rises, led by financial stocks TORONTO: Canada's main stock index rose on Tuesday, led by financial shares after one of the country's major banks reported better-than-expected earnings, while lower oil prices weighed on energy stocks.The Toronto Stock Exchange's S&P/TSX composite index was up 37.05 points, or 0.25 percent, at 14,785.24, shortly after the open.Eight of the index's 10 main groups were higher.Copyright Reuters, 2016

Markets - Equity - Europe

Polish financial stocks fall as state insurer eyes Pekao deal BUDAPEST: Shares in Polish state-run insurer PZU fell to a record low on Tuesday on a report it would hold talks to buy Bank Pekao from UniCredit , a move investors worried could hurt future dividend payments.Central European assets were mostly flat or eased slightly on expectations that Federal Reserve Chair Janet Yellen will flag interest rate hikes in a speech on Friday.While Polish assets are supported by the region's healthy economic growth, prices are ...

Markets - Equity - Europe

European shares gain, led by housebuilders, mining companies LONDON: European shares advanced on Tuesday, with housebuilders leading the market higher and mining companies rebounding from their declines the day before. Britain's second-largest housebuilder, Persimmon, rose 4.2 percent after reporting its reservation rate had risen an annual 17 percent since the start of July.Some builders have warned Britain's vote in June to leave the European Union could slow the property market. "The group's interims have run out better than we anticipated," Shore Capital analyst ...