01182017Wed
Last update: Wed, 18 Jan 2017 11am

Markets - Equity

Markets - Equity - Asia

China stocks start 2017 firmer, aided by stronger factory growth SHANGHAI: China stocks started the first trading day of 2017 on a solid footing as concerns of a liquidity crunch faded and strong factory growth offered more signs of a stabilising economy.The blue-chip CSI300 index rose 1.0 percent to 3,342.23 points, while the Shanghai Composite Index also gained 1 percent to 3,135.92 points.The CSI300 index ended 2016 with an 11.3 percent loss - its worst performance for five years.Investors welcomed a private business survey showing China's factory activity picked up more than expected in December as demand accelerated, with output reaching a near six-year high.An official factory survey on Sunday showed activity in the sector expanded for a fifth month in December, but it slowed more than expected as Beijing' effort to curb asset prices has begun to weigh on the broader economy.The market was buoyed by banks being more willing to lend at the start of the year, improving ...


Markets - Equity - Europe

LSE agrees clearing house sale for Deutsche Boerse merger LONDON: The London Stock Exchange said Tuesday it has agreed to offload the French arm of clearing house LCH to European rival Euronext as it seeks a merger with Deutsche Boerse.LSE said a cash deal worth 510 million euros ($534 million) had been struck with Euronext, adding in a statement that the proposed sale "would be subject to review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche ...

Markets - Equity - Asia

Hong Kong, Shanghai up at the break HONG KONG: Hong Kong and Shanghai stocks were up at the break Tuesday after opening flat on the first trading day of the year.The Hang Seng Index climbed 0.49 percent, or 108.28 points, to 22,108.84 at lunch.The benchmark Shanghai Composite Index rose 0.71 percent, or 21.92 points, to 3,125.56. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.61 percent, or 12.04 points, to 1,981.15.Copyright AFP (Agence France-Press), 2017

Markets - Equity - Europe

Manufacturing builds gains for eurozone equities PARIS: European equities got off on the right foot in 2017, pushed higher on Monday by a stellar set of data confirming eurozone manufacturing growth at a 68-month high.With London and major Asian and US markets still closed for the New Year holiday, trading was light.But sentiment was brightened by final results of December manufacturing surveys that showed robust performances across most of the eurozone, where the uncertainty over the impact of Britain's exit from ...

Markets - Equity - Asia

South Korean stocks, won start new year on quiet note, await US cues SEOUL: South Korean shares and the won got off to a muted start to 2017 on Monday with major global markets closed and investors awaiting the release of US Federal Reserve meeting minutes and December jobs data for near-term trading clues. The Korea Composite Stock Price Index (KOSPI) closed at 2,026.16 points, little changed from its previous close of 2,026.46.The index gained 3.3 percent in 2016, its best yearly performance since 2012.Offshore investors bought a ...

Markets - Equity - Middle East & Africa

Saudi rises, Oman hit by higher telecommunications tax DUBAI: Saudi Arabia's stock market rose on Sunday with much activity focusing on second- and third-tier stocks rather than blue chips, while Oman's bourse was dragged down by a higher tax on telecommunications companies. The main Saudi index added 0.4 percent. Banking stocks were soft but major gains were seen in a few stocks such as conglomerate Jazan Development, which jumped 5.4 percent after announcing a 0.50 riyal per share dividend for 2016. Saudi Automotive ...

Markets - Equity - Middle East & Africa

Saudi stocks rise with second tier outperforming DUBAI: Saudi Arabia's stock market rose in early trading on Sunday with activity focusing on second- and third-tier stocks rather than blue chips.The main Saudi index was up 0.5 percent in the first hour. Petrochemical and banking blue chips were little changed but major gains were seen in stocks such as conglomerate Jazan Development, which jumped 5.9 percent after announcing a 0.50 riyal per share dividend for 2016.Saudi Automotive Services surged its 10 percent daily ...