01172017Tue
Last update: Tue, 17 Jan 2017 07am

Markets - Equity

Markets - Equity - Americas

US stocks rebound a bit at open from Wednesday's sag NEW YORK: Wall Street stocks edged higher early Thursday, rebounding a bit from the prior session's declines as market watchers began to tabulate the overall gains for 2016.Analysts said Thursday's early gains were likely a buy-the-dip move after the Dow gave up more than 100 points on Wednesday in a sleepy session with low volume and little news.About 15 minutes into trading, the Dow Jones Industrial Average was at 19,859.71, up 0.1 percent.The broad-based S&P 500 gained 0.1 percent to 2,252.54, while the tech-rich Nasdaq Composite Index rose 0.1 percent to 5,442.35.The S&P 500 is on track for more than a 10 percent gain for 2016. The year began with sharp losses due to fears about an economic slowdown China and experienced another jolt of volatility after Britain's surprise vote in June to exit the European Union.But stocks recovered from those challenges and finished the year strongly after the Republican ...


Markets - Equity - Europe

Britain's FTSE steadies near highs in thin trading LONDON: Britain's top share index steadied in thin holiday trading on Thursday after setting a record closing high in the previous session, with miners coming under pressure following a drop in prices of major industrial metals. The blue-chip FTSE 100 index was flat in percentage terms by midday after finishing on Wednesday at 7,106.08, its highest ever close.However, trading remained thin as many industry players were away from their desks. Volumes on the FTSE 100 ...

Markets - Equity - Europe

Dow's 20,000 barrier, weak European banks dent stocks LONDON: European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently. Weakness in European financial stocks helped to push broader indices into the red, extending the slippage after soft US housing data the previous day triggered the S&P 500's biggest fall in more than two months. US ...

Markets - Equity - Asia

Tokyo slumps as yen strengthens, Toshiba plunges again HONG KONG: Tokyo slumped Thursday as the yen strengthened against the dollar while Toshiba's stock plunged for the third straight day.The troubled conglomerate's shares ended another torrid day 17 percent down, following the company's warning of a possible one-time loss of several billion dollars over its US nuclear business.Its stock has now lost more than 40 percent of their value since Tuesday and has seen virtually all gains for the year erased.Overall, Japanese stocks saw ...

Markets - Equity - Asia

Tokyo shares fall by noon TOKYO: Tokyo shares drifted lower on Thursday in thin holiday trading after US stocks tumbled as investors took profits from recent rallies, though some individual stocks showed big moves.Toshiba plunged for the third straight day and fell as much as 25.55 percent before paring losses to finish 15.43 percent down at 263.5 yen by the noon break.The decline followed continuing investor unease after the company's Tuesday warning of a possible one-time loss of several billion ...

Markets - Equity - Asia

Shanghai up, Hong Kong stocks flat by break HONG KONG: Shanghai recovered from early losses Thursday to post a modest gain by the break while Hong Kong ended the morning session virtually flat, with volumes low ahead of the New Year.The Hang Seng Index was down by 0.1 percent, or 21.48 points, to 21,733.26. But the benchmark Shanghai Composite Index added 0.22 percent, or 6.90 points, to 3,109.14, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.29 percent, ...

Markets - Equity - Europe

London stocks hit highest ever closing level LONDON: London's stock market hit Wednesday its highest ever closing level, buoyed by strong performers in the energy and mining sectors and general optimism for the new year.London's FTSE 100 index of top blue-chip companies climbed 0.54 percent to reach 7106.08 points at closing, beating the previous record of 7103.98 set on April 27, 2015.The record close came as US stocks have also been setting new highs following the surprise US election victory of Donald ...