12032016Sat
Last update: Sat, 03 Dec 2016 10pm

Markets - Equity

Markets - Equity - Asia

Tokyo stocks tick up by break, extending rally TOKYO: Tokyo stocks ticked higher Tuesday morning, recovering from an early sell-off as it emerged a powerful earthquake that triggered a tsunami along Japan's northeast coast caused limited damage.The 6.9-magnitude tremor triggered waves along the coast including one of a metre (three feet) high that crashed ashore at the stricken Fukushima nuclear power plant.A spokesman for plant operator TEPCO said there was no damage but it rekindled memories of the 2011 crisis when a massive tsunami swamped some of the plant's reactors, triggering a meltdown.TEPCO earlier reported that a water cooling system at a reactor in the separate Fukushima Daini facility had briefly stopped in an automatic response, but that it was back up and operating.In early trade the yen rallied against the dollar as investors sought out safe haven assets, which in turn sent the Nikkei lower a day after it his a 10-month high.But it became clear there ...


Markets - Equity - Americas

US stocks higher as markets await Trump appointments NEW YORK: US stocks were trading higher early Monday at the start of a shortened holiday week, as investors await news on key appointments from the incoming presidential administration.A half-hour into trading session, the blue-chip Dow Jones Industrial Average was 0.3 percent higher at 18,922.86. The broader S&P 500 rose 0.5 percent to 2,192.87 and the Nasdaq gained 0.7 percent to 5,359.42.Among the heaviest losers on the Dow, manufacturing conglomerate 3M, the maker of Scotch ...

Markets - Equity - Europe

European markets buoyed by 'political intrigue' LONDON: European stock markets and the euro climbed Monday after a fast-moving weekend of "political intrigue" in France and Germany, dealers said.German Chancellor Angela Merkel declared Sunday that she would seek a fourth term in elections next year in the face of looming threats at home and abroad, ending months of feverish speculation.And the shock winner of France's rightwing presidential primary was conservative ex-premier Francois Fillon, who is tipped to face -- and beat -- ...

Markets - Equity - Middle East & Africa

Abu Dhabi recovers, Saudi petrochemicals buoyed by oil bounce DUBAI: Abu Dhabi's stock market index rebounded in early trade on Monday as some of banking stocks which were sold off in the previous session recovered, while Saudi Arabia rose as oil prices firmed.Abu Dhabi's index rose 0.9 percent after falling 1.7 percent on Sunday. Abu Dhabi Commercial Bank climbed 3.2 percent and Abu Dhabi Islamic Bank rose 0.3 percent.On Sunday, Union National Bank dropped 5.2 percent and ADCB lost 2.7 percent after both lenders ...

Markets - Equity - Asia

TOCOM hits 17-month high, posts biggest pct gain since March 2011 TOKYO: Benchmark Tokyo rubber futures jumped 7 percent, hitting a 17-month high and marking the biggest daily percentage gain in nearly six years, as a surge in Shanghai futures and a weaker yen prompted a flurry of buys, dealers said."It was crazy," said a Tokyo-based dealer who declined to be named."Apparently, hefty money from Chinese speculators flew into Shanghai rubber futures, which helped boost Tokyo prices," he said.The Tokyo Commodity Exchange rubber contract for April ...

Markets - Equity - Asia

Asian markets struggle but weak yen boosts Tokyo HONG KONG: Japanese stocks extended their recent rally Monday as the dollar consolidated gains against the yen, with investors betting on a US interest rate rise next month.However, other markets continued to struggle due to uncertainty over the impact of a Donald Trump presidency.The greenback has soared to near six-month highs against the yen since Trump's election win on a platform of huge infrastructure spending and tax cuts. Experts say this will fan inflation and ...

Markets - Equity - Asia

Asia shares shaky as Trump bets keep emerging markets under pressure TOKYO: Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump's election to president could accelerate fund outflows from the region back to U.S. markets.Asian markets were steady to slightly lower, with Hong Kong's Hang Seng flat, Australian shares down 0.2 percent and South Korea's Kospi falling 0.3 percent.But Japan's yen-sensitive Nikkei bucked the trend, rising 0.8 percent to ...