02112016Thu
Last update: Thu, 11 Feb 2016 07pm

Americas

Markets - Equity - Americas

TSX rises as financials recover, but energy and mining stocks drag TORONTO: Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell.The most influential movers on the index included Royal Bank of Canada, which rose 1.5 percent to C$68.62, and Toronto-Dominion Bank, which advanced 0.9 percent to C$50.74. The overall financial services group rose 1.1 percent.Federal Reserve Chair Janet Yellen said conditions in the United States would allow the U.S. central bank to pursue "gradual" adjustments to monetary policy. Concern that low or negative yields will hurt bank profits had weighed on global financial sector stocks this week.Technology stocks also rallied, led by a 9.6 percent jump in shares of Open Text Corp to C$65.25.At 10:19 a.m. EST (1519 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 45.01 points, or 0.37 percent, to 12,327.66. Seven of the index's ...

Markets - Equity - Americas

Shares gain on Yellen comments, reduced bank fears NEW YORK: Stock indexes worldwide rebounded on Wednesday after comments from Federal Reserve Chair Janet Yellen eased concerns about the U.S. economy, while greater calm surrounding the European banking sector boosted that region's shares.Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks, but told Congress she does not expect the central bank to reverse its rate hike program.Stock markets have sagged given uncertainty surrounding monetary policy and a steep decline in commodity ...

Markets - Equity - Americas

TSX falls 2 percent as banks, energy stocks sink TORONTO: Canada's main stock index fell on Tuesday to a two-week low, again weighed down by bank and energy company shares as crude oil prices tumbled and investors globally worried about negative interest rates.The drop in oil prices was the major factor weighing on the market, according to Bryden Teich, associate portfolio manager at Avenue Investment Management.U.S. crude prices settled at $27.94 a barrel, down 5.89 percent.Financial stocks across the world have suffered, Teich added, ...

Markets - Equity - Americas

US stocks edge lower after volatile session NEW YORK: US stocks finished a choppy session modestly lower Tuesday as investors grappled with weakness in overseas equity markets and another drop in oil prices.The Dow Jones Industrial Average shed 12.67 points (0.08 percent) at 16,014.38.The broad-based S&P 500 lost 1.23 (0.07 percent) at 1,852.21, while the tech-rich Nasdaq Composite Index dropped 14.99 (0.35 percent) to 4,268.76.US stocks swayed between gains and losses all day after Japan's Nikkei plunged 5.4 percent and US oil ...

Markets - Equity - Americas

TSX falls as banks, energy stocks weigh TORONTO: Canada's main stock index on Tuesday fell to its lowest since late January, again weighed down by bank and energy company shares as investors globally retreat from equity markets.The most influential movers on the index were its heavyweight banks, with the financials group down 1.4 percent overall, while the energy sector retreated 1.8 percent, extending Monday's losses.Those two sectors account for a combined 56 percent weighting of the Toronto Stock Exchange's S&P/TSX composite index ...

Markets - Equity - Americas

Shares extend losses on fears over global growth, banks NEW YORK: Stock indexes worldwide tumbled for the third straight session on Tuesday on fears of slowing global growth, with particular concern around the health of the banking sector, while oil prices plunged to multi-week lows.The European banking index ended 4 percent lower after sinking 5.6 percent on Monday on fears of worsening bank profitability and capital strength from sustained low interest rates.Deutsche Bank shares fell 4.3 percent after slumping 9.5 percent on Monday on ...

Markets - Equity - Americas

TSX falls as banks, energy stocks weigh TORONTO: Canada's main stock index fell on Monday as heavyweight banking and energy stocks lost ground, offsetting gains among gold miners.Oil and gas companies retreated 2.7 percent, while the financial group slipped 2 percent. Industrials fell 1.8 percent.The most influential weights on the index included Royal Bank of Canada, which fell 2.1 percent to C$69.68, and Suncor Energy Inc, which lost 2.7 percent to C$31.02.Oil prices fell as a meeting of producing countries Saudi Arabia ...