07262016Tue
Last update: Tue, 26 Jul 2016 09am

Markets - Equity

Markets - Equity - Europe

Russian rouble flat after Putin comments on stronger currency MOSCOW: The Russian rouble opened flat against the dollar on Wednesday, eyeing lower oil prices and comments by President Vladimir Putin about the risks of a stronger currency. At 0735 GMT, the rouble was 0.08 percent stronger against the dollar at 63.5 and had gained 0.43 percent to trade at 69.7 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.15 percent at $46.73 a barrel."The weaker rouble is being caused by fundamental factors: the gradual consolidation of oil prices below $47 per barrel and increased demand for the dollar on the world market," Rosbank analysts wrote in a note to traders."Furthermore, concerns about the impact of a further strengthening of the rouble on market participants could prompt rhetoric from Russian authorities."Putin said on Tuesday Russia needed to consider the market impact of a stronger rouble."The rouble is strengthening despite the well-known price volatility on ...


Markets - Equity - Europe

European stocks climb at open LONDON: Europe's main stock markets rose at the start of trading on Wednesday, with London's benchmark FTSE 100 index up 0.4 percent at 6,725.88 points.In the eurozone, Frankfurt's DAX 30 added 0.7 percent to 10,054.54 points and the Paris CAC 40 won almost 0.6 percent to 4,354.57 compared with the close on Tuesday.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong stocks back to winning ways with sharp gains HONG KONG: Hong Kong stocks resumed their rally Wednesday, marking a seventh gain in eight days, tracking another Wall Street record and with traders betting on fresh global central bank stimulus.The Hang Seng Index climbed 0.97 percent, or 209.28 points, to end at 21,882.48.The benchmark Shanghai Composite Index fell 0.29 percent, or 8.70 points, to 3,027.90 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.07 percent, or 1.40 points, to ...

Markets - Equity - Asia

Tokyo stocks snap 6-day rally, Nintendo tumbles TOKYO: Tokyo shares sank Wednesday, ending a six-day winning streak, with Nintendo plunging on profit-taking after more than doubling this month on the back of the Pokemon Go phenomenon.The videogame giant slumped almost 13 percent to 27,765 yen, just a day after it overtook Sony in market value, while Japanese fans were left disappointed after a rumoured release in the country Wednesday proved wrong.A gaming website Tuesday had flagged the launch in Nintendo's home market, ...

Markets - Equity - Asia

Asia markets cautious as Tokyo's winning run ends HONG KONG: Japanese stocks finally fell Wednesday after six straight days of gains, and most other Asian markets moved cautiously following weak leads from New York and Europe and a cut in the IMF's world growth forecast.The Nikkei in Tokyo had surged more than 10 percent during its rally -- fuelled by hopes for stimulus measures as well as a weaker yen -- and investors decided it was time to cash in.The index ended down ...

Markets - Equity - Asia

Tokyo stocks close lower after six-day rally TOKYO: Tokyo shares closed lower Wednesday to snap a six-day winning streak, while Nintendo's Pokemon Go-inspired rally fizzled just as the hugely popular smartphone game prepares to launch in Japan.The benchmark Nikkei 225 index dipped 0.25 percent, or 41.42 points, to close at 16,681.89, while the broader Topix index of all first-section shares fell 0.05 percent, or 0.64 points, to 1,330.75.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong, Shanghai stocks start day on a low HONG KONG: Hong Kong and Shanghai stocks fell in early trade Wednesday following broad losses in Europe and New York as the International Monetary Fund cut its global growth forecast citing worries about the impact of Britain's vote to leave the EU.The Hang Seng Index edged down 0.12 percent, or 26.81 points, to 21,646.39.And the benchmark Shanghai Composite Index slipped 0.06 percent, or 1.89 points, to 3,034.71, while the Shenzhen Composite Index, which tracks stocks ...