Markets - Equity
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NEW YORK: Global equity markets fell on Thursday after a regional president of the Federal Reserve said the US central bank could begin to ease up on its loose monetary policy this summer, leading the dollar to recover against the euro.Equities had traded mostly flat to slightly lower during most of the session on reports that US housing, labor and regional business conditions pointed to soft spots in the American economy.John Williams, president of the Federal Reserve Bank of San Francisco, also said the Fed could end its bond-buying program late this year, citing "good news" on the outlook for jobs.US equities fell on the remarks, which came late in the session, pushing the Dow and S&P 500 lower and forcing a retreat in the Nasdaq, which had been higher on Cisco's earnings."Williams' remarks are taken as meaning less stimulus, which is good for the dollar, but not good for ...
TORONTO: Canada's main stock index advanced on Thursday, boosted by stronger financial stocks and a move by telecoms company Telus Corp to acquire a smaller wireless carrier.Telus said it will pay C$380 million ($370 million) for Mobilicity, whose recent entry into the industry helped force prices down, even though the debt-laden company failed to draw many customers.The index's gains were kept in check by sluggish economic data from Europe and the United States, which weighed ...
NEW YORK: US stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.The three major US stock indexes had earlier traded in a tight range, supported by a gain of more than 12 percent in Cisco Systems shares and as investors took in a batch of economic data that pointed to slower growth.But the ...
NEW YORK: US stocks were mixed in early trade Thursday after two record-setting days, with US economic data confirming the March-April lull but also pointing to continued Fed easing.Thirty minutes into trade, the Dow Jones Industrial Average was down 15.59 points (0.10 percent) to 15,260.10The broad-based S&P 500 lost 2.61 (0.16 percent) at 1,656.17, while the Nasdaq Composite gained 3.16 points (0.09 percent) at 3,474.78.The consumer price index for April -- down 0.4 percent from ...
COLOMBO: Sri Lankan shares rose more than 1 percent on Thursday to hit a 1-1/2 year high, with foreigners dominating trading, while retail investors also bought after a fall in interest rates.The main stock index rose 1.06 percent, or 65.88 points, to close at 6,287.00, its highest since Nov. 11, 2011.Foreign investors bought 1.28 billion rupees ($10.16 million) of stocks. On a net basis, they bought 85.1 million rupees of shares, extending net foreign inflows ...
MUMBAI: Indian stocks edged higher on Thursday, with the NSE index at a 2-1/2 year high, as lenders continued their rally on expectations of early rate cuts by the central bank, while four additions to the MSCI India index, including Wockhardt, also gained.Expectations the Reserve Bank of India could cut interest rates as early as its next policy review on June 17 have risen sharply after data earlier this week showed inflation was easing and ...More Articles...
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