08252016Thu
Last update: Thu, 25 Aug 2016 09am

Markets - Equity

Markets - Equity - Asia

Tokyo stocks flat by break as rally fizzles TOKYO: Tokyo stocks lost early gains to end the morning session barely changed in thin trade on Friday as Japan's week-long Obon holiday draws to a close.The benchmark Nikkei 225 index moved into positive territory at the start of trading with petroleum-linked shares rising on higher oil prices.But by the break the morning rally had run out of steam, with the Nikkei edging down 0.07 percent, or 11.34 points, to 16,474.67.The broader Topix index of all first-section shares also declined, losing 0.10 percent, or 1.34 points, to 1,289.45.Trading was lacklustre on the Japanese market with many investors away for the week-long, though unofficial, holiday.But the yen eased somewhat against the dollar, supporting automakers such as Toyota and Honda. A weaker yen is a plus for Japan's exporters as it boosts their overseas profitability.The greenback changed hands at 100.20 yen against 99.94 yen Thursday in New York.Toyota rose 2.06 percent to ...


Markets - Equity - Europe

Global stocks diverge on Fed, post-Brexit data LONDON: US and European markets edged higher Thursday, with help from a dovish outlook for US interest rates, higher crude prices and some healthy post-Brexit data in Britain.But Tokyo shares tumbled on the stronger yen.Wall Street shares closed modestly higher, with the S&P 500 adding 0.2 percent, a day after minutes from the Federal Reserve's July meeting suggested the central bank was not yet ready to go ahead with a rate hike soon."The action of ...

Markets - Equity - Americas

TSX slips as energy boost offset by banks, Valeant TORONTO: Canada's main stock index ended barely lower on Thursday as energy stock gains on higher oil prices were offset by weakness in bank shares and some consumer and telecommunications names and a reversal in Valeant Pharmaceuticals International Inc.The Toronto Stock Exchange's S&P/TSX composite index settled down 1.92 points, or 0.01 percent, at 14,695.68. Advancers outnumbered decliners by a ratio of 1.2-to-1. The heavyweight energy group climbed 1.3 percent, with Suncor Energy Inc up 0.9 ...

Markets - Equity - Middle East & Africa

Petchems support Saudi, Qatar retreats after surge on FTSE DUBAI: Gulf stock markets were narrowly mixed in quiet trade on Thursday as petrochemical shares supported Saudi Arabia's index but Qatar pulled back after a surge this week due to hopes for inflows of foreign funds.The Saudi stock index closed 0.1 percent higher as the petrochemical sector's sub-index gained 1.1 percent after Brent crude oil futures hit a five-week high of $49.93 a barrel overnight. Saudi Arabia Fertilizers closed 4.8 percent higher in volatile trade.But ...

Markets - Equity - Americas

TSX nearly flat as energy stocks gain offset by telecoms, banks TORONTO: Canada's main stock index seesawed on Thursday as energy stocks gained with higher oil prices and Valeant rose after it reached a debt deal, while bank and telecommnications stocks retreated.At 10:09 a.m. EDT (1409 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 4.5 points, or 0.03 percent, at 14,702.10.The most influential gainers included Valeant Pharmaceuticals International Inc, which rose 2.6 percent to C$39.50 after the company said it agreed with its creditors ...

Markets - Equity - Americas

World stocks rise, backed by oil gains, weak dollar NEW YORK: World stock markets moved higher as oil prices rose and the dollar sank to a near eight-week low on Thursday after minutes from the U.S. Federal Reserve's latest meeting showed policymakers were divided over whether to raise interest rates soon.A lower-than-expected reading on new U.S. jobless claims and comments on the "hollowing out" of the labor market from New York Fed President William Dudley gave U.S. stocks a modest boost in early trading.While ...

Markets - Equity - Europe

World stocks rise, dollar weakens on divided Fed LONDON: World stocks rose and the dollar sank to a seven-week low on Thursday after minutes of the U.S. Federal Reserve's latest meeting showed policymakers were divided over whether to raise interest rates soon.Recent comments from Fed officials suggested a hike in the world's largest economy could be on the cards as soon as next month, but signs of restraint within the rate-setting committee brought relief to markets, sending global bond yields lower."No news is ...