05042016Wed
Last update: Wed, 04 May 2016 01am

Americas

Markets - Equity - Americas

Weak China data, European banks hit US stocks NEW YORK: Wall Street stocks tumbled early Tuesday, taking cues from international equity markets that retreated on weak Chinese manufacturing data and generally poor European bank earnings.Chinese factory activity fell by 0.3 point to 49.4 in April, according to the private Caixin survey of purchasing managers, further below the 50 level that separates growth from contraction.European bank shares were mostly lower following disappointing results from German titan Commerzbank and Swiss lender UBS. US names such as Citigroup and Bank of America both fell more than three percent.About 40 minutes into trade, the Dow Jones Industrial Average was down 1.1 percent at 17,703.89.The broad-based S&P 500 fell 1.1 percent to 2,058,46, while the tech-rich Nasdaq Composite Index shed 1.3 percent at 4,757.08.Dow member Pfizer jumped 2.7 percent as first-quarter earnings climbed 26.9 percent to $3.0 billion. Results were boosted by Pfizer's acquisition of Hospira, whose products include injectable drugs and intravenous ...

Markets - Equity - Americas

TSX falls as lower oil weighs on energy stocks TORONTO: Canada's main stock index fell on Tuesday as lower oil prices weighed on energy stocks, while financial sector stocks also lost ground. The Toronto Stock Exchange's S&P/TSX composite index was down 105.19 points, or 0.76 percent, at 13,760.44, shortly after the open. Eight of the index's 10 main groups were lower. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX falls as lower oil weighs on energy; telecoms rise TORONTO: Canada's main stock index fell on Monday as lower oil prices weighed on energy stocks, offsetting a jump in the shares of Manitoba Telecom Services Inc on news of the company's acquisition by BCE Inc. The most influential movers on the index included Suncor Energy Inc, which fell 2.4 percent to C$35.94, and Canadian Natural Resources Ltd, which declined 1.5 percent to C$37.10. The overall energy group retreated 1.8 percent. Crude prices fell as ...

Markets - Equity - Americas

US stocks search for direction ahead of data deluge NEW YORK: Wall Street stocks searched for direction early Monday at the kickoff of a week heavy with big US economic releases that includes April jobs and car sales data.The Dow and S&P 500 were slightly positive, while the Nasdaq fell into the red due to weakness in Apple and some other key tech shares.Key questions include whether US employment gains remained above the psychologically important 200,000 level of monthly jobs growth and whether lackluster ...

Markets - Equity - Americas

US stocks edge higher ahead of economic data deluge NEW YORK: Wall Street stocks opened slightly higher Monday at the kickoff of a week heavy with big US economic releases that includes April jobs and car sales data.Key questions include whether US employment gains remained above the psychologically important 200,000 level of monthly jobs growth and whether lackluster signs on US consumer spending will be reflected in a further cooling in auto sales.Five minutes into trade, the Dow Jones Industrial Average was at 17,818.50, ...

Markets - Equity - Americas

TSX falls as lower oil prices weigh on energy stocks TORONTO: Canada's main stock index fell on Monday as lower oil prices weighed on energy stocks, offsetting gains for telecom stocks after BCE Inc said it would buy Manitoba Telecom Services Inc.The Toronto Stock Exchange's S&P/TSX composite index was down 66.99 points, or 0.48 percent, at 13,884.46, shortly after the open. Six of the index's 10 main groups were lower.Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks open lower NEW YORK: US stocks opened in the red Friday, extending the previous day's sharp losses despite better-than-expected quarterly earnings from ExxonMobil and Amazon.ExxonMobil reported first-quarter earnings dived 63 percent due to plunging oil prices, but earnings per share were better than expected. The Dow member's shares rose 1.6 percent.Online giant Amazon jumped 10.1 percent after reporting a swing into profit from a year ago for the first quarter to $513 million, racking up a fourth ...