05272016Fri
Last update: Fri, 27 May 2016 03pm

Markets - Equity

Markets - Equity - Europe

Stocks see-saw, yields slip as investors get week off to cautious start LONDON: Stocks seesawed on Monday while oil, the dollar and bond yields all fell as investors began the week cautious about prospects that U.S. interest rates could soon be raised.The FTSEuroFirst 300 index of leading shares, Germany's DAX and France's CAC 40 all fell as much as 1 percent in early trade but then rebounded into positive territory.Shares in German drugs and chemicals group Bayer AG were among the most notable decliners, however, down as much as 3 percent after it unveiled a $62 billion bid for U.S. seeds company Monsanto Co.U.S. futures pointed to a fall of around 0.3 percent at the open on Wall Street, as investors continued to digest last week's surge in U.S. rate hike expectations."The Fed's decision to convey a much firmer hawkish tone has certainly woken people up to the possibility that rates could rise over the summer and with that, the markets have ...


Markets - Equity - Europe

European shares buoyed by tech, pharma stocks; Fiat, Bayer slump MILAN: European shares inched higher on Monday, helped by gains in tech and healthcare stocks, but Fiat Chrysler slumped on a report raising emissions issues and Bayer dropped after making an offer for Monsanto.The pan-European FTSEurofirst 300 index, which had risen 1.3 percent in the previous session, was up 0.2 percent at 1,329.6 points by 0820 GMT.Fiat Chrysler fell 3.7 percent, making it the top loser on the FTSEurofirst, after Bild am Sonntag newspaper said ...

Markets - Equity - Europe

Hungary shares cheer upgrade, politics weighs on Turkish lira LONDON: Hungarian stocks shone on Monday as the country's return to investment grade after three years in 'junk' territory helped to lift emerging markets after four straight weeks of losses.A dip in the dollar allowed a general drift higher for EM currencies and Greek markets cheered hopes of a new aid deal, though there was also plenty of uncertainty elsewhere to keep optimism in check.The instalment of a new Turkish prime minister, Binali Yildirim, who ...

Markets - Equity - Europe

Greek shares outperform weaker European stock markets LONDON: The Greek bourse outperformed weaker European stock markets on Monday, after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks.The broader, pan-European FTSEurofirst 300 index was down 0.6 percent, while the pan-European STOXX 600 index also fell 0.5 percent, impacted by drops in Fiat Chrysler and Bayer.However, Athens' benchmark ATG equity index climbed 1.2 percent.The Athens stock market rose after Greek lawmakers ...

Markets - Equity - Europe

Stocks, oil, yields slip as investors start week in cautious mood LONDON: Stocks, oil and yields on government bonds all fell on Monday, reversing some of their recent gains as investors began the week in a cautious mood, still grappling with the possibility that U.S. interest rates could soon be raised.The FTSEuroFirst 300 index of leading shares, Germany's DAX and France's CAC 40 all shed around 0.8 percent, and Britain's FTSE was down a third of a percent.Shares in German drugs and chemicals group Bayer AG ...

Markets - Equity - Europe

Britain's FTSE edges lower as commodities stocks slip LONDON: Britain's top share index edged lower on Monday, with a drop in the prices of crude oil and industrial metals putting pressure on commodities-related stocks.The UK energy index dropped 1.1 percent as the oil price fell for a fourth consecutive session after Iran insisted it would not freeze crude output, returning investor attention to a global glut. Shares in BP and Royal Dutch Shell were down about 1 percent.The mining index also came under ...

Markets - Equity - Asia

Vietnam stock index ends down in volatile trade; banks lead fall HANOI: Vietnam's benchmark VN Index closed down 0.61 percent for a fourth straight session of losses on Monday, with banking stocks leading the decliners in a volatile trade.The country's five of six listed lenders headed south, including Vietcombank, Vietnam's second biggest firm by market value, which dropped 2.74 percent, followed by VietinBank that slipped 2.29 percent.As many as 99.9 million shares changed hand, far below the five-day average of 128.5 million, Reuters data showed.Copyright Reuters, ...