08292016Mon
Last update: Mon, 29 Aug 2016 06am

Markets - Equity

Markets - Equity - Europe

European markets bounce back European stocks rebound LONDON: European stock markets rebounded on Tuesday, with some support coming from slightly improving eurozone data.The single currency's economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday.Investors were meanwhile looking ahead to a key speech from Federal Reserve boss Janet Yellen, hoping for some insight into the state of the US economy and the bank's plans for its next interest rate rise.Around 1000 GMT, Frankfurt's DAX 30 stocks index was 0.9-percent higher and the Paris CAC 40 grew 0.7 percent in value. The euro meanwhile rose against the dollar."The eurozone recovery continues to weather the Brexit shock rather unscathed," said Edoardo Campanella of UniCredit Research."All in all, today's survey is reassuring, although uncertainty about future growth developments remain high." Data monitoring company Markit said the eurozone economy maintained its resilience this month despite Britain's shock ...


Markets - Equity - Europe

Britain's FTSE buoyed by resilient Persimmon LONDON: Britain's leading share index rose on Tuesday, helped by a rise in housebuilders after strong results from Persimmon suggested that the sector was coping with the uncertainty from Britain's vote to leave the European Union.Persimmon rose 4.3 percent, the biggest riser on the blue-chip FTSE 100. It reported a jump in reservations by buyers of new homes over the past two months despite some surveys suggesting the so-called Brexit vote could cool the housing ...

Markets - Equity - Asia

Sri Lankan stocks post 3-month closing high in high turnover COLOMBO: Sri Lankan shares ended marginally higher on Tuesday and posted their highest close in three months, led by financials while turnover hit a 4-1/2-month high on expectations of better economic performance after the government said it would achieve its revenue target for this year.Tax revenue in the first seven months jumped 23 percent to 769.8 billion rupees from a year earlier, and Finance Minister Ravi Karunanayake is optimistic about the full-year revenue target, his ...

Markets - Equity - Europe

Stocks creep up amid Fed limbo, dollar dips LONDON: World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise US interest rates this year.Wall Street was expected to open modestly higher, with a busy day of economic data helping traders fill the gap before an annual gathering of global central bankers in the mountains of Wyoming on Thursday and Friday.European equities were up 0.75 percent led by mining and banking ...

Markets - Equity - Asia

Hong Kong shares end flat as oil sell-off hits energy plays HONG KONG: Hong Kong stocks ended flat on Tuesday after spending all day in negative territory, with energy firms again dragging the market down following another heavy sell-off in the oil market.The Hang Seng Index edged up 1.02 points to close at 22,998.93.The benchmark Shanghai Composite Index added 0.16 percent, or 4.90 points, to end at 3,089.71. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.27 percent, or 5.39 points, to ...

Markets - Equity - Asia

China stocks edge up as strength in transport shares offsets property decline SHANGHAI: China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling northeast rustbelt, offsetting falls in real estate stocks. The blue-chip CSI300 index rose 0.2 percent, to 3,341.83. The Shanghai Composite Index also gained 0.2 percent, to 3,089.71 points.China has rolled out a plan to revive its northeast rustbelt over the next three years, including 127 major investment projects.The government also ...

Markets - Equity - Asia

Hong Kong stocks down at lunch but Shanghai rises HONG KONG: Hong Kong stocks ended the morning session in negative territory Tuesday, in line with losses in New York and Europe, while investors await a key speech by Federal Reserve boss Janet Yellen at the end of the week.The Hang Seng Index fell 0.32 percent, or 73.41 points, to 22,924.50.But the benchmark Shanghai Composite Index rose 0.22 percent, or 6.69 points, to 3,091.50 and the Shenzhen Composite Index, which tracks stocks on China's second ...