05022016Mon
Last update: Mon, 02 May 2016 04am

Markets - Equity

Markets - Equity - Americas

TSX edges higher, helped by gains for resource stocks TORONTO: Canada's benchmark stock index edged higher on Tuesday as a jump in oil prices supported energy stocks, while the materials group also advanced, offsetting deep losses for one of the country's major railway stocks. The index traded in a narrow range ahead of the Federal Reserve interest rate announcement on Wednesday. Investors have been "walking on eggshells," adjusting positions ahead of the Fed announcement, said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier. He doesn't see a lot of "downside" risk for the market while bond yields remain so low. The Toronto Stock Exchange's S&P/TSX composite index closed up 13.45 points, or 0.1 percent, at 13,809.44. It has rallied nearly 20 percent since January, but has been unable to climb back above 14,000. The materials group, which includes precious and base metals miners and fertilizer companies, added 1.3 percent, led by gold stocks after weaker-than-expected US durable ...


Markets - Equity - Europe

European, US stocks mostly dip ahead of US, Japan bank meetings LONDON: European and US stocks were largely lower Tuesday as investors eyed looming central bank meetings in the US and Japan.After last week's healthy gains, traders appeared to be taking a step back before the two-day US Federal Reserve talks, starting Tuesday, which may offer signs of action in the future.In the wake of turmoil across world markets early in the year, the Fed has lowered expectations of rate rises this year -- saying it ...

Markets - Equity - Middle East & Africa

Saudi falls as reform euphoria fades, rest of region mixed DUBAI: Shares in Saudi Arabia pulled back on Tuesday as local short-term investors booked profits in stocks that had jumped when Deputy Crown Prince Mohammed bin Salman announced economic reforms on Monday.Riyadh's stock index, which had gained 2.5 percent on Monday mainly from banks that could win business handling the government's privatisation plans, dropped 1.6 percent. Trading volume shrank by almost one-third.Samba Financial Group, lead underwriter of the recent initial public offer of Middle East ...

Markets - Equity - Americas

TSX rises, led by energy and financial stocks as oil rallies TORONTO: Canada's main stock index rose on Tuesday as higher oil prices supported energy stocks while financial sector stocks also advanced, offsetting deep losses for one of the country's major railway stocks.The most influential movers on the index included Canadian Natural Resources Ltd, which rose 1.2 percent to C$38.63, and TransCanada Corp, which advanced 1.5 percent to C$51.57.The energy group climbed 0.8 percent as oil prices rose while financial sector stocks advanced 0.4 percent.U.S. crude ...

Markets - Equity - Americas

US stocks rise as most earnings solid NEW YORK: Wall Street stocks rose early Tuesday following a trove of mostly solid earnings reports from large companies, including Procter & Gamble and DuPont.About 40 minutes into trade, the Dow Jones Industrial Average was at 18,015.67, up 38.43 points (0.21 percent).The broad-based S&P 500 added 6.87 (0.33 percent) at 2,094.66, while the tech-rich Nasdaq Composite Index advanced 10.42 (0.21 percent) to 4,906.21.Tuesday's earnings parade is expected to culminate with results from Apple after the ...

Markets - Equity - Europe

European stocks mostly dip before US, Japan bank meetings LONDON: European indices were mostly lower Tuesday as investors eyed looming central bank meetings in the US and Japan, but US stocks rose on the back of largely solid earnings from big hitters.Having piled up healthy gains last week, traders took a step back before the two-day US Federal Reserve meeting, which starts Tuesday and may offer some signs of action by the in the future.After the turmoil across world markets at the start of ...

Markets - Equity - Middle East & Africa

Saudi pulls back in early trade, Dubai's Emaar Malls surges DUBAI: Shares in Saudi Arabia pulled back early on Tuesday as short-term investors booked profits in stocks which had jumped when Deputy Crown Prince Mohammed bin Salman announced economic reforms on Monday. The rest of the Gulf was mixed.Riyadh's stock index, which had gained 2.5 percent on Monday, mainly on the back of banks which could win business handling the government's privatisation plans, was down 0.9 percent after an hour of trade on Tuesday.Samba Financial ...