05302016Mon
Last update: Mon, 30 May 2016 06am

Markets - Equity

Markets - Equity - Europe

European stocks rebound before G7 meeting LONDON: European stocks rebounded on Friday following sharp losses the previous session, as markets tracked a meeting of the world's biggest economies in Japan.Around 1330 GMT, London's benchmark FTSE 100 index rallied 1.4 percent compared with Thursday's close.Frankfurt's DAX 30 index won 0.9 percent and the Paris CAC 40 jumped 1.2 percent.Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US rate hike next month.In foreign exchange Friday, the euro rose to $1.1229 from $1.1203 late in New York on Thursday."Risk appetite has returned to equity markets," said Mike van Dulken, head of research at traders Accendo Markets."An easing in dollar strength helping commodity prices hold up and oil pointing back towards $50 is helping reinstill confidence."Wall Street also opened higher, with the Dow adding 0.4 percent in the first five minutes of trading."US stocks are ...


Markets - Equity - Americas

Little for US stock investors to cheer on anniversary of S&P record high NEW YORK: A year ago the US stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary.The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. It also has yet to top its intraday record high of 2,134.72 hit on May 20, 2015.A raft of concerns has pressured equities over the past year, ...

Markets - Equity - Europe

Polish assets lag on rule-of-law row BUDAPEST/WARSAW: Polish assets mostly lagged a Central European rebound on Friday, amid a row in parliament about a likely EU crackdown on Warsaw's political establishment over alleged rule-of-law violations.The European Commission has given Warsaw until Monday to make significant progress on the issue, while Prime Minister Beata Szydlo told parliament she would not respond to an ultimatum.The standoff stems from changes that the government imposed on Poland's constitutional court.The zloty eased a quarter of a ...

Markets - Equity - Americas

Brazil stocks up as Parente named Petrobras CEO SAO PAULO: Brazilian equities rose on Friday after the nomination of a well-known executive as head of Petrobras allayed fears of political meddling at the embattled state-controlled oil company.Brazil's interim president, Michel Temer, announced on Thursday he will name Pedro Parente as chief executive officer of Petr?leo Brasileiro SA, as the company is formally known.He will be charged with helping the company out of its current financial crisis, a result of low world oil prices, ...

Markets - Equity - Europe

European stocks rebound at open LONDON: European stock markets rebounded at the start of trading on Friday following sharp losses the previous session.London's benchmark FTSE 100 index climbed 0.9 percent to 6,108.42 points compared with Thursday's close.Frankfurt's DAX 30 index won 0.8 percent to 9,878.49 points and the Paris CAC 40 jumped 1.0 percent to 4,323.62.Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US rate ...

Markets - Equity - Asia

Hong Kong and Shanghai stocks edge up by close HONG KONG: Hong Kong and Shanghai stocks ended higher Friday, as oil prices powered back and the market continued to weigh the impact of a possible US rate hike in June.The Hang Seng Index closed up 0.8 percent, or 157.87 points, to 19,852.20. The benchmark Shanghai Composite Index rose 0.66 percent, or 18.57 points, to 2,825.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.07 percent, or 19.07 points, to ...

Markets - Equity - Asia

Hong Kong rallies by lunch, Shanghai also up HONG KONG: Hong Kong stocks rallied by the break Friday shaking off a negative lead from Wall Street and Europe as oil prices resumed their rise.The Hang Seng Index gained 1.2 percent, or 237.21 points, to 19,931.54.The benchmark Shanghai Composite Index also edged up 0.10 percent, or 2.81 points, to 2,809.72, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.26 percent, or 4.69 points, to 1,780.57.Copyright AFP (Agence France-Presse), 2016 ...