09272016Tue
Last update: Tue, 27 Sep 2016 05pm

Markets - Equity

Markets - Equity - Europe

Britain's FTSE sets record high surpassing 1999 peak LONDON: Britain's top equity index climbed to a record high on Tuesday as a rally in mining companies helped the three-decade-old blue-chip index to surpass its previous high, set in late 1999.The benchmark FTSE 100 reached 6,958.89 points, surpassing its previous high of 6,950.60 set on Dec 30, 1999. The index closed 0.5 percent higher at 6,949.63 points on Tuesday."Finally the FTSE 100 surpassed the massive resistance level of 6,950.60. It will provide a psychological boost to the market and propel the index to trade beyond the 7,000 mark," said Jawaid Afsar, a trader at Securequity. "These lofty levels will entice a lot of investors to book profits, but the overall sentiment seems very bullish."The FTSE 100 index has gained about 13 percent since a December low and is up nearly 6 percent this year. The market capitalisation of the FTSE 100 constituents is now about 1.9 trillion pounds ($2.94 ...


Markets - Equity - Americas

Bonds rally, dollar falls after Yellen emphasizes flexibility NEW YORK: The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms.Yellen said the Fed's policy-setting committee is considering interest rate hikes "on a meeting by meeting basis." She added, however, that a rate increase is not likely for at ...

Markets - Equity - Americas

Dow, S&P edge up to record highs after Yellen comments NEW YORK: US stocks advanced slightly on Tuesday, with the Dow and S&P 500 at intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen.As investors sought clues on the timing of the Fed's first interest rate increase since 2006, Yellen told a congressional committee it is preparing to consider hikes "on a meeting by meeting basis," in a subtle change of emphasis."You see so much conflicting data coming about, between ...

Markets - Equity - Europe

Europe stocks rally after Yellen comments; FTSE hits record PARIS: European stocks rallied on Tuesday, with Britain's FTSE 100 and Germany's DAX hitting record highs, after US Federal Reserve Chair Janet Yellen said it was likely to be several months before the Fed raises interest rates.Greek stocks were the top gainers after Athens delivered a list of economic reforms to the euro zone that helped it secure a four-month extension of its financial rescue.Shares in National Bank of Greece, Alpha Bank , Bank of ...

Markets - Equity - Asia

Hong Kong stocks close down 0.35pc HONG KONG: Hong Kong stocks closed 0.35 percent lower on Tuesday as caution grew over a Greek debt deal, with questions over whether Athens could complete an agreement reached last week with eurozone partners.The benchmark Hang Seng Index slipped 86.69 points to 24,750.07 on turnover of HK$57.96 billion (US$7.47 billion).Markets in mainland China were closed for the Lunar New Year holiday, and were due to reopen on Wednesday.Greece delivered to Brussels Tuesday a delayed but ...

Markets - Equity - Asia

Asia stocks mostly up before Greek reform details, Yellen remarks TOKYO: Asian stocks mostly rose Tuesday as investors awaited details of a Greek reform package crucial to an extension of its bailout, while Fed chair Janet Yellen's upcoming Congressional testimony was also in focus.Tokyo added 0.74 percent, or 136.56 points, to end at 18,603.48, as a weaker yen lifted the benchmark Nikkei to a fresh 15-year high.Sydney closed up 0.32 percent, or 19.02 points, at 5,927, while Seoul finished the day 0.39 percent, or 7.73 ...

Markets - Equity - Europe

Greek stocks soar, European stocks mark time LONDON: Greek stocks surged Tuesday after Athens delivered to Brussels a list of proposed reforms that won it an extension of its financial lifeline, but Europe's main markets failed to gain traction. Investors were watching for cues from US Federal Reserve Chair Janet Yellen when she appears Tuesday and Wednesday for twice-yearly Capitol Hill hearings to provide the central bank's assessment of the US economy and when it will be ready to raise interest rates ...