09262016Mon
Last update: Mon, 26 Sep 2016 03pm

Markets - Equity

Markets - Equity - Middle East & Africa

Saudi shares drop as activity falls to 12-month low, Qatar rises DUBAI: Equity investors dumped Saudi Arabian stocks on Sunday, deterred by a recent downturn in global equity and oil markets while Qatar's index held on to small gains as traders bought shares on price dips. Riyadh's index pulled back 1.9 percent on the first day back following a 10-day Eid al-Adha break. But trading volume was the lowest since last September. Oil-related companies were hit with Saudi Kayan Petrochemical declining 2.3 percent in heavy trade, after Brent futures fell by around 5 percent during the 10 days the Riyadh bourse was closed. Banking shares were also weak with heavyweight National Commercial Bank dropping 4.2 percent. Key interest rates in Saudi Arabia are linked to US interest rates, given the currency's peg to the dollar, and the uncertainty over Wednesday's US Federal Reserve meeting following a week of mixed US economic data weighed on sentiment. However, the market viewed the likelihood ...


Markets - Equity - Americas

US, European stocks weighed down by banking woes NEW YORK: US and European stock markets retreated on Friday, as banking shares led by Deutsche Bank slumped on news US authorities were hunting down Germany's biggest lender over a record fine.Frankfurt's DAX 30 was the hardest hit, closing down 1.5 percent, while the Paris CAC 40 shed nearly 1.0 percent from Thursday.London's benchmark FTSE 100 index lost 0.3 percent, while the S&P 500 in the US shed 0.4 percent.The US Justice Department is seeking ...

Markets - Equity - Americas

US stocks finish volatile week on down note NEW YORK: Wall Street stocks ended a volatile week on a down note Friday, with weakness in energy, industrials and financials pushing the overall markets lower.Key factors behind the decline included a drop in oil prices and negative sentiment towards banks, in part because of the dimming odds for a Federal Reserve interest rate hike next week.Technology shares generally outperformed the broader market, with Amazon climbing 1.1 percent to $778.29 following an RBC Capital Markets ...

Markets - Equity - Americas

US stocks drop as banking, oil share retreat NEW YORK: Wall Street stocks dropped early Friday on weakness in banks and petroleum-linked equities, which fell on a retreat in oil prices.About 30 minutes into trade, the Dow Jones Industrial Average was at 18,133.01, down 0.4 percent.The broad-based S&P 500 shed 0.5 percent to 2,136.93, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 5,231.67.US shares of Deutsche Bank sank 9.0 percent on news that US authorities are seeking as much as $14 ...

Markets - Equity - Europe

Deutsche Bank fine compounds miserable week for Europe LONDON: A monster fine for Deutsche Bank compounded a miserable week for European stocks on Friday, while bonds bounced as weak US retail sales figures triggered a pullback in Federal Reserve rate hike expectations. News overnight that the US Department of Justice had levied a far bigger than expected $14 billion fine on Germany's largest bank sent financial stocks across Europe tumbling amid worries others could also be clobbered. Bank shares were on course for ...

Markets - Equity - Europe

European stocks fall, dragged down by Deutsche Bank LONDON: European stocks markets retreated on Friday, with shares in Deutsche Bank slumping as US authorities hunted down Germany's biggest lender over a record fine.Around 1015 GMT, London's benchmark FTSE 100 index slipped 0.1 percent.In the eurozone, Frankfurt's DAX 30 and the Paris CAC 40 each shed 0.5 percent compared with the close on Thursday.Authorities in the US are seeking up to $14 billion (12.5 billion euros) from Deutsche Bank to resolve allegations stemming from ...

Markets - Equity - Asia

Nikkei bounces back from 3-week low; Apple suppliers, banks lead gains TOKYO: Japan's Nikkei share average bounced back from three-week lows on Friday as Apple-related shares rose on strong sales of new iPhone 7 and as bank shares were bought back after heavy selling earlier this week. The Nikkei share average rose 0.7 percent to 16,519.29, a day after it hit a three-week low, while the broader Topix gained 0.8 percent to 1,311.50.On the week, the Nikkei fell 2.6 percent, its biggest weekly fall since early ...