05262016Thu
Last update: Thu, 26 May 2016 05am

Americas

Markets - Equity - Americas

TSX scores a 9-month high, led by energy and financials TORONTO: Canada's main stock index scored a nine-month high on Wednesday, led by energy and financial stocks as oil rose and investors grew more comfortable with the prospect of an interest rate hike as early as next month by the US Federal Reserve. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 100.89 points, or 0.72 percent, at 14,053.74. Six of the index's 10 main groups ended higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

Brazilian stocks up after lawmakers approve budget deficit SAO PAULO: Brazilian equities rose on Wednesday after interim President Michel Temer's government cleared its first major test in Congress, gaining permission to post a record budget gap this year.Many traders had feared Temer's two-week-old administration could struggle to gather support for the bill after the resignation of a high-ranking minister accused of plotting to hamper a sweeping corruption probe."The honeymoon is over and Temer is taking his first steps in Congress," said Jaime Ferreira, ...

Markets - Equity - Americas

Nasdaq jumps 2pc as US stocks advance NEW YORK: Technology and banking shares were among the big winners Tuesday as US stocks powered higher behind greater confidence in the US economic outlook.Investors had been troubled by the prospects of a Federal Reserve interest rate increase, but "now they're starting to embrace it," said Charlie Bilello of Pension Partners. "It means the economy is doing a bit better."Sentiment was further boosted by Commerce Department data that showed US new-home sales in April surged ...

Markets - Equity - Americas

Dollar climbs on Fed expectations; stocks jump NEW YORK: The dollar hit an 8-week high against the euro on Tuesday as expectations grew that the U.S. Federal Reserve could raise interest rates sooner than later, while world stock indexes rallied with financial and tech shares.Surprisingly strong data on U.S. new home sales in April supported the view the economy may be strong enough for the Fed to raise interest rates as early as June, pushing U.S. Treasury prices to session lows.Last week, ...

Markets - Equity - Americas

Brazil stocks, currency rise on local politics, austerity measures SAO PAULO: Brazil's stocks and currency rose on Tuesday after a minister accused of seeking to hamper a corruption probe stepped down, while traders cheered the announcement of austerity measures by interim President Michel Temer.Former Planning Minister Romero Juca's resignation on Monday was seen by traders as a swift response by Temer's center-right government to its first major scandal, which had helped drive Brazilian markets lower on Monday.Excerpts from a taped conversation had showed Juca ...

Markets - Equity - Americas

US stocks follow European markets higher NEW YORK: Wall Street stocks jumped early Tuesday, joining a rally in Europe as bourses in Frankfurt, Paris and London rose by one percent or more.The strong performances in Europe followed better-than-expected German growth figures but a disappointing reading on German investor confidence due to worries about a possible exit of Britain from the European Union.Analysts said the uncertainty about Britain will likely keep the European Central Bank on an accommodative course.About 35 minutes into ...

Markets - Equity - Americas

Brazil currency drops on local political woes SAO PAULO: Brazil's currency fell sharply on Monday on reports that a high-ranking minister, in charge of securing legislative support for fiscal austerity measures, had sought to obstruct a sweeping corruption probe.Mexico's peso also dropped more than 1 percent in afternoon trading after hawkish comments from US Federal Reserve policymakers reinforced expectations for a US interest rate hike in June or July. Traders often treat Mexico's currency as a proxy for other emerging markets.But Argentina's ...