06272016Mon
Last update: Mon, 27 Jun 2016 01am

Markets - Equity

Markets - Equity - Americas

US stocks edge higher as market awaits British vote NEW YORK: Wall Street stocks advanced early Wednesday in cautious trade ahead of Thursday's British vote on whether to exit the European Union.The "Remain" camp has a razor-thin lead -- 51 percent versus 49 percent for "Leave," according to an average of polls compiled by What UK Thinks.The awareness of the risk of a "Leave" outcome "has presumably tempered the buying interest that swelled on Monday," said Briefing.com analyst Patrick O'Hare. "It hasn't killed the buying interest, however."Federal Reserve Chair Janet Yellen was set for a second day of congressional hearings after Tuesday's appearance before a Senate panel yielded no major surprises.About 30 minutes into trade, the Dow Jones Industrial Average was up 0.3 percent at 17,878.22.The broad-based S&P 500 climbed 0.2 percent to 2,092.47, while the tech-rich Nasdaq Composite Index was flat at 4,843.92.SolarCity jumped 8.1 percent as Tesla Motors announced it bid about $2.7 billion for the solar ...


Markets - Equity - Europe

World stocks firm on eve of British referendum LONDON: Global stocks largely rose Wednesday and the pound clawed higher on the eve of Britain's closely fought referendum as traders eye the country voting to remain in the European Union.London's FTSE 100 index was 0.5 percent up in mid afternoon deals, as the clock ticked down to the start of balloting to decide Britain's future in the EU and the future shape of the bloc.With all eyes trained on the result due early Friday, ...

Markets - Equity - Middle East & Africa

Nigerian stocks at 8-month high on banks, consumer goods LAGOS: Nigeria's main share index rose above 30,000 points on Wednesday to hit an eight-month high as investors poured into consumer and banking shares. The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, climbed for the second straight day to close 2.4 percent higher at 30,127 points. Stocks are up 2.7 percent so far this year, wiping out earlier losses since the central bank floated the naira currency ...

Markets - Equity - Middle East & Africa

Nigerian stocks near 8-month high as investors buy banks LAGOS: Nigerian stocks rose 1.4 percent on Wednesday to remain near the 8-month high of the previous day as investors piled into banking shares following the central bank's lifting of currency controls this week.The main index edged up closer to 30,000 psychological points, a level last seen on October 2015. The index of Nigeria's top 10 banks rose 3.0 percent by 1137 GMT.Analysts said Nigeria's move to float the currency this week has improved confidence ...

Markets - Equity - Asia

Sri Lankan shares close at 8-week low; rates decision awaited COLOMBO: Sri Lankan shares fell for a third straight session on Wednesday to hit a more than 8-week closing low as investors turned cautious ahead of a monetary policy rate announcement by the central bank later in the week.The central bank will announce June monetary policy rates at 1230 GMT on Friday and the market broadly expects rates to be left steady for a fourth straight month, although a possible rate hike is not ruled ...

Markets - Equity - Europe

World stocks mostly rise on eve of British referendum LONDON: Global equities mostly rose and the pound clawed higher Wednesday -- the eve of Britain's referendum which markets expect to result in the country voting to remain in the European Union.London's FTSE 100 index gained 0.3 percent in morning deals, with less than 24 hours before voting kicks off to decide Britain's future in the EU.In the eurozone, Frankfurt won 0.6 percent and Paris added 0.3 percent in value, with all eyes on the ...

Markets - Equity - Europe

Britain's FTSE rises as housebuilders rally ahead of UK EU vote LONDON: UK shares edged higher on Wednesday as housebuilders and insurers rallied before Britain's vote on its membership of the European Union on June 23.The blue-chip FTSE 100 index was up 0.1 percent at 6,232.63 points by 0836 GMT, extending its three-day rally.Betting odds from Betfair suggest that the implied probability of Britain voting to remain in the European Union was at 75 percent, although a Survation telephone poll released on Tuesday suggested that the ...