09292016Thu
Last update: Thu, 29 Sep 2016 04am

Americas

Markets - Equity - Americas

News of OPEC deal sparks US stock gains NEW YORK: Wall Street stocks earned a solid boost Wednesday after a tentative deal by OPEC producers to cut oil output sent crude prices soaring over five percent.The deal in Algiers, reported by Bloomberg, jolted oil sector shares higher, pulling the rest of the market along with them.The Dow Jones Industrial Average finished up 0.6 percent to 18,339.240.The broad-based S&P 500 rose 0.5 percent to 2,171.37, while the tech-rich Nasdaq Composite gained 0.2 percent to 5,318.55.Leading the way were the large oil producers, buoyed by the possibility that tighter supplies of crude could end the two-year slump in prices. Exxon Mobil jumped 4.7 percent, Chevron 3.3 percent and ConocoPhillips 7.0 percent.Oilfield suppliers also gained: Schlumberger added 3.6 percent, Halliburton 4.5 percent, and Baker Hughes 3.7 percent.The OPEC deal -- which would be the first agreement to cut production by the cartel in eight years -- still appeared tentative, after months ...

Markets - Equity - Americas

TSX rises as energy stocks soar on OPEC deal TORONTO: Canada's main stock index rose the most in one week on Wednesday as energy stocks soared after OPEC sources said the group has struck a deal to limit crude output, while the financials and materials groups also gained ground. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 173.39 points, or 1.19 percent, at 14,731.43. Eight of the index's 10 main groups ended higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX rises, led by energy and financials; BlackBerry rallies TORONTO: Canada's main stock index rose on Wednesday, with energy and financial stocks leading broad based gains, while BlackBerry Ltd rallied after the company said it will outsource the development and design of its flagship smartphone. The Toronto Stock Exchange's S&P/TSX composite index was up 67.46 points, or 0.46 percent, at 14,625.50, shortly after the open. All of its 10 main groups were higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks edge higher helped by energy shares NEW YORK: US stocks opened modestly higher Wednesday, helped by a rebound in oil shares, but sports gear giant Nike sank after sales data pointed to a weaker coming quarter.Five minutes into trade, the Dow Jones Industrial Average added 0.3 percent to 18,277.40.The broad-based S&P 500 rose 0.2 percent to 2,163.62, while the tech-rich Nasdaq Composite Index gained 0.1 percent to 5,311.43."There isn't any strong sense that the stock market is poised to break out ...

Markets - Equity - Americas

TSX rises as financials and Blackberry gain ground TORONTO: Canada's main stock index rose on Wednesday, led by the country's heavyweight bank shares, while BlackBerry Ltd rallied after announcing a strategic shift away from hardware. The Canadian technology company said it will outsource the development and design of its flagship smartphone. Its shares rose 4.5 percent to C$10.88. Some of the most influential movers on the index were the country's bank stocks, including Royal Bank of Canada, which rose 0.7 percent to C$81.34, ...

Markets - Equity - Americas

TSX down with energy stocks on no OPEC deal TORONTO: Energy and mining stocks dragged Canada's main stock index lower on Tuesday, cancelling out a modest relief rally elsewhere from a perceived win for Democrat Hillary Clinton in a US presidential debate. The index's heavyweight energy group retreated 1.8 percent, with Canadian Natural Resources Ltd down 1.5 percent to C$38.50 and Suncor Energy Inc off 1.4 percent at C$34.18. Oil fell about 3 percent after Saudi Arabia and Iran dashed market hopes that the ...

Markets - Equity - Americas

US stocks lifted by consumer data, Clinton debate boost NEW YORK: US stocks jumped Tuesday following surprisingly good consumer confidence data and a strong performance by Democrat Hillary Clinton in the first US presidential debate.Consumer confidence spiked to 104.1 last month, better than analyst expectations for 98 and the highest level since the Great Recession, according to the Conference Board.The reading boosted retailers such as Macy's and Best Buy, which gained 1.0 percent and 2.0 percent, respectively. The Dow Jones Industrial Average climbed 0.7 ...