09272016Tue
Last update: Tue, 27 Sep 2016 06pm

Markets - Equity

Markets - Equity - Americas

Brazil shares up on Petrobras investment plan SAO PAULO: Brazilian shares rose on Tuesday after Petrobras slashed its planned investment by 25 percent, pleasing traders concerned with the indebted state-controlled oil company's health.Petr?leo Brasileiro SA is seeking to reduce the largest debt burden among global petroleum firms and revive investor confidence battered by a corruption scandal.Brasil Plural Corretora analysts said the forecasts are "attractive, but challenging," noting the market has shown "goodwill" toward the company's new management.Petrobras provided the biggest boost to Brazil's benchmark Bovespa stock index, but gains were limited by a sharp drop in shares of Rumo Log?stica Operadora Multimodal SA .Prosecutors demanded the cancellation of Rumo's right to operate railways in the country's largest port of Santos, alleging that the companies in the Portofer consortium formed a cartel.Other Latin American markets seesawed ahead of policy statements by the US Federal Reserve and the Bank of Japan on Wednesday.Credit Suisse analysts expect Japan's central bank ...


Markets - Equity - Europe

European shares steady before central bank decisions; Italy lags MILAN: European shares ended little changed on Tuesday as investors remained cautious ahead of monetary policy decisions from the Federal Reserve and Bank of Japan on Wednesday. Market volatility has spiked this month because of changing expectations over when the Fed could raise rates, but mixed data cast doubt over the health of the world's biggest economy, reducing the chance of a hike this month. Futures are pricing the chance of a US rate rise ...

Markets - Equity - Middle East & Africa

Qatar gains after FTSE inclusion, Saudi near technical support level DUBAI: Qatar's equity index climbed on Tuesday as passive funds flowed into shares now included in FTSE's secondary emerging market index while other Gulf markets sagged. Doha's index rose 1.0 percent, recouping some of the percent losses from the previous session. Passive funds will flow into 22 shares from Tuesday, and the stocks will continue to be bid up for several days to come as managers meet their fund mandates. Islamic lender Masraf Al Rayan, ...

Markets - Equity - Americas

TSX rises with banks, energy stocks weigh TORONTO: Canada's main stock index rose in early trade on Tuesday, led by gains for its heavyweight financial sector, while energy stocks weighed with lower oil prices. The Toronto Stock Exchange's S&P/TSX composite index was up 58.26 points, or 0.40 percent, at 14,554.49 shortly after the open. Copyright Reuters, 2016

Markets - Equity - Americas

TSX up as banks, industrials gain; resource stocks weigh TORONTO: Canada's main stock index rose on Tuesday as financial and industrial stocks made gains, while the energy sector weighed with a pullback in oil prices.The financials group, which accounts for 35 percent of the index's weight, gained 0.6 percent as investors brace for the outcomes of US Federal Reserve and Bank of Japan policy meetings on Wednesday. Royal Bank of Canada advanced 0.6 percent to C$81.21 and Bank of Nova Scotia added 0.8 percent ...

Markets - Equity - Europe

Hungarian yields fall, central bank pumps money into markets BUDAPEST: The forint eased and Hungarian government debt traded near record low yields on Tuesday as the country's central bank eased policy by capping the funds commercial banks can place in its 3-month deposits, and cut inflation forecasts.The move came after Standard & Poor's upgraded Hungary's rating on Friday, boosting demand for its government bonds.Central European currencies eased anyway as investors took profit amid some uncertainty ahead of the Bank of Japan's and the Federal ...

Markets - Equity - Asia

China stocks fall, property gains insufficient to lift market SHANGHAI: China stocks slipped in thin trading on Tuesday, as gains for property shares after upbeat home price data were not enough to outweigh sluggishness pulling down many other sectors.The blue-chip CSI300 index fell 0.2 percent, to 3,257.40, while the Shanghai Composite Index dipped 0.1 percent to 3,023.00 points.Trading turnover in Shanghai, hit a 1-1/2-month low on Tuesday.Shenwan Hongyuan Securities Co advised clients in a note to adopt a wait-and-see cautious stance as the recent ...