02082016Mon
Last update: Mon, 08 Feb 2016 11pm

Americas

Markets - Equity - Americas

US stocks gain ahead of jobs report NEW YORK: Wall Street stocks finished modestly higher Thursday despite another drop in oil prices ahead of Friday's eagerly anticipated US jobs report for January.The Dow Jones Industrial Average gained 79.92 points (0.49 percent) at 16,416.58.The broad-based S&P 500 added 2.92 (0.15 percent) at 1,915.45, while the tech-rich Nasdaq Composite Index climbed 5.32 (0.12 percent) to 4,509.56.US stocks advanced despite veering into negative territory a couple of times during the session, as oil prices closed lower and US data showed a drop in fourth-quarter productivity and a rise in weekly jobless claims.Industrial stocks were especially strong, with Caterpillar rising 4.3 percent and Alcoa 10.1 percent."Things are mixed but the stock market is actually performing surprisingly well, given the downbeat economic news we received this morning," said Jack Ablin, chief investment officer at BMO Private Bank."The market seems pretty resilient."Friday's employment report is expected to show the US economy added 188,000 ...

Markets - Equity - Americas

Dollar softening boosts equities, commodities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of many commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the ...

Markets - Equity - Americas

TSX gains as banks, resource stocks, railways rise TORONTO: Canada's main stock index jumped on Thursday as higher commodity prices helped lift mining stocks, while banks and railways also saw strong gains and the energy sector rose despite a slip in oil prices.A weaker U.S. dollar helped drive gold and other metals higher, as expectations eased of a further rise in U.S. interest rates this year and investors scrambled to close out bearish positions before the Lunar New Year holiday in China.The materials ...

Markets - Equity - Americas

TSX rises with commodity prices, led by energy, mining TORONTO: Canada's main stock index rose on Thursday as higher commodity prices helped lift energy and mining stocks, while railway stocks also saw strong gains.A weaker U.S. dollar helped drive commodity markets higher for a second day, which supported the resource-linked market.U.S. crude prices surged more than 2 percent and gold rose to a three-month high after expectations eased of a further rise in U.S. interest rates this year.The most influential movers on the index ...

Markets - Equity - Americas

Weaker dollar boosts commodities, lifts equities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the new ...

Markets - Equity - Americas

NEW YORK: Energy and industrial names surged Wednesday with rising oil prices, but the Nasdaq finished lower as Google parent Alphabet and some other leading technology names retreated.The Dow Jones Industrial Average jumped 183.12 points (1.13 percent) to 16,336.66.The broad-based S&P 500 rose 9.50 (0.50 percent) to 1,912.53, while the tech-rich Nasdaq Composite Index fell 12.71 (0.28 percent) to 4,504.24.On the Dow, ExxonMobil jumped 5.2 percent while Caterpillar climbed 4.3 percent as oil prices rallied ...

Markets - Equity - Americas

Dollar dives, helping boost oil; Dow, S&P gain NEW YORK: The US dollar tumbled on Wednesday after comments from a Federal Reserve official and a soft services sector report suggested a slowing pace of rate hikes, sparking a rally in oil prices that also boosted U.S. equities.U.S. crude settled up 8 percent as the weakness in the dollar helped oil and other commodities priced in the currency. U.S. Treasury yields fell to one-year lows before recovering.The Dow Jones industrials closed up 1.1 percent, ...