05302016Mon
Last update: Mon, 30 May 2016 01pm

Markets - Equity

Markets - Equity - Europe

Solid Kingfisher, banks lift Britain's FTSE 100 LONDON: Britain's top share index rose on Tuesday, helped by a well-received trading statement from Kingfisher and a rally in banking stocks.The FTSE 100 index was up 50.70 points, or 0.8 percent, at 6,187.13 points by 1135 GMT, having opened the day lower.Kingfisher rose 2.8 percent, among top gainers after the owner of the B&Q chain reported a 3.6 percent increase in like-for-like sales in the first three months of its financial year. Traders said its UK and French divisions had performed better than expected."In its first half-year, it is a little early to be judging the returns from the five-year 'One Kingfisher' strategy but management is pleased with progress so far," David Stoddart, analyst at Edison Investment Research, said in a note.Royal Bank of Scotland was also a notable gainer, rising 2.7 percent after a U.S. appeals court voided a Bank of America Corp mortgage penalty.Investors said this could ...


Markets - Equity - Asia

Shanghai stocks end down, Hong Kong slightly up HONG KONG: Shanghai stocks ended lower Tuesday in line with most other Asian markets but Hong Kong bucked the trend to close higher. The benchmark Shanghai Composite Index fell 0.77 percent, or 21.98 points, to 2,821.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.90 percent, or 16.39 points, to 1,804.60.Hong Kong's Hang Seng Index rose 0.11 percent, or 21.4 points, to 19,830.43.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong shares close up HONG KONG: Hong Kong shares finished up on Tuesday despite a fall in mainland indexes. The Hang Seng index rose 0.1 percent, to 19,830.43, while the China Enterprises Index was flat at 8,306.56 points.Total trading volume of companies included in the HSI index was 1.2 billion shares.Copyright Reuters, 2016

Markets - Equity - Asia

Vietnam index ends up 0.1pc in volatile trade HANOI: Vietnam's benchmark VN Index edged up 0.1 percent in a volatile session on Tuesday, snapping a four-day losing streak.Food producer Masan Group rallied 2.16 percent, followed by lender VietinBank with a 1.17 percent rise while top dairy products maker Vinamilk dropped 0.68 percent.As many as 115.6 million shares changed hands, well below the five-day average of 126.2 million, Reuters data showed.Copyright Reuters, 2016

Markets - Equity - Asia

Hong Kong and Shanghai stocks lower at break HONG KONG: Hong Kong and Shanghai stocks were down by the break Tuesday following a negative lead from Wall Street and Europe, while energy shares suffered losses as oil prices also fell. The Hang Seng Index was down 0.35 percent, or 69.15 points, at 19,739.88.The benchmark Shanghai Composite Index fell 0.77 percent, or 21.86 points, to 2,821.79 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.85 percent, or 15.44 points, ...

Markets - Equity - Asia

Tokyo shares continue slide on weaker oil, stronger yen TOKYO: Tokyo shares slipped for a second straight session Tuesday as lower oil prices hurt sentiment, with investors now eyeing a Group of Seven leaders' summit in Japan this week.On currency markets, the Japanese yen edged up against the dollar, clouding the outlook for exporter profits.The yen's stubborn strength comes after G7 finance chiefs on the weekend pressed Tokyo over threats to weaken its currency.The mood was also subdued as worries about a possible increase ...

Markets - Equity - Europe

European stocks drop at open LONDON: European stock markets dropped at the start of trading on Tuesday, following on from losses the previous session.London's benchmark FTSE 100 index slipped 0.4 percent to 6,114.71 points compared with Monday's close.Frankfurt's DAX 30 index shed 0.4 percent to 9,798.94 points and the Paris CAC 40 lost 0.4 percent to 4,309.30.Copyright AFP (Agence France-Presse), 2016