07242016Sun
Last update: Sun, 24 Jul 2016 07am

Markets - Equity

Markets - Equity - Asia

Asian shares hover near 8-month peak on BoE rate cut hope TOKYO/SINGAPORE: Asian shares hovered near eight-month highs on Thursday as investors bet the Bank of England will cut interest rates to ward off the risk of recession following Britain's vote to leave the European Union.Financial spreadbetters and futures also pointed to a higher open for European stock markets, though U.S. S&P futures were slightly lower.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, hovering near the highest level since November it reached on Wednesday. Japan's Nikkei closed up almost 1 percent, helped by a weaker yen.The Japanese currency, which slid 3.9 percent over the first three days of this week, dropped a further 0.8 percent to 105.33 to the dollar after Bloomberg reported former Federal Reserve Chairman Ben Bernanke had floated the idea of perpetual bonds during discussions with one of Japanese Prime Minister Shinzo Abe's advisers in April.Abe called for fiscal stimulus, expected to reach about 2 ...


Markets - Equity - Asia

Asia market rally eases but Tokyo pushes higher HONG KONG: Japanese stocks rallied again on Thursday while traders on most other markets took a breather after a strong three-day rally, while the pound edged down ahead of a Bank of England policy meeting.The Nikkei index headed for a fourth straight gain as investors awaited details from the government of fresh stimulus after a sweeping election victory at the weekend.But the yen clawed back some losses against the dollar and gold, considered a safe ...

Markets - Equity - Asia

Tokyo shares up by break, Nintendo soars again TOKYO: Tokyo shares were on track for a fourth winning session Thursday, but gains were capped as investors await details of a Japanese stimulus package, while Nintendo soared on Pokemon Go mania.The benchmark index was set to erase all of the steep losses it suffered in the wake of Britain's vote to quit the European Union last month, which pummelled global financial markets.But analysts warned profit-taking would keep a lid on gains after adding more ...

Markets - Equity - Americas

US stocks press higher after records NEW YORK: US stocks opened higher Wednesday, adding to records for the Dow and S&P 500, as global equities advanced in anticipation of more economic stimulus from central banks.Investor anticipation is building ahead of a Bank of England meeting Thursday that could result in increased support for the British economy after the country voted to break with the European Union."The expectation that further stimulus measures will be forthcoming -- and that the Federal Reserve isn't ...

Markets - Equity - Europe

Global stocks keep pushing higher LONDON: Equities kept on pushing higher around the world on Wednesday, with US stocks climbing further into record territory, even though it appeared this week's rally was running out of steam.The Dow Jones Industrial Average added 0.2 percent in the first five minutes of trading and the broad-based S&P 500 advanced 0.1 percent after both set new closing records on Tuesday."The expectation that further stimulus measures will be forthcoming -- and that the Federal Reserve ...

Markets - Equity - Europe

FTSE eases from 11-month high as housebuilders retreat LONDON: Britain's top share index edged lower on Wednesday after climbing to an 11-month high in the previous session, with housebuilders giving up some of their recent gains and energy shares dragged lower by weaker oil prices.The FTSE real estate index fell nearly 1 percent after rising for four straight sessions. Shares in Taylor Wimpey , Berkeley Group and Persimmon fell 2.9 to 5.9 percent.Barratt Developments dropped 5 percent, also after Britain's biggest housebuilder said ...

Markets - Equity - Middle East & Africa

Gulf banking stocks rise after early Q2 earnings beat expectations DUBAI: Gulf stocks edge higher on Wednesday as investors build up positions in banks as the first series of second-quarter results outperformed analyst expectations.Investors also took cues from global markets as central banks signal the possibility of further stimulus programmes."The sentiment is positive today, markets are being driven by the global backdrop," said Saleem Khokhar, head of fund management and equities at the asset management group of National Bank of Abu Dhabi. "It's creating a ...