01232017Mon
Last update: Mon, 23 Jan 2017 05pm

Americas

Markets - Equity - Americas

TSX hits one-month high as resources gain TORONTO: Canada's main stock index advanced to its highest in more than a month on Tuesday, lifted by gains among its biggest banks and some major energy companies as oil prices climbed. The broad gains were echoed in global markets, with potential deal activity boosting European indexes as well as Wall Street. "The TSX is starting to pick up, and one of the reasons is the boiling over of oil prices," said Barry Schwartz, a portfolio manager at Baskin Financial Services. "I'm in the positive camp for being overweight equities." Crude oil prices rallied after strong US labor data and lower production forecasts. The Toronto Stock Exchange's S&P/TSX composite index ended the session up 88.19 points, or 0.58 percent, at 15,188.84. Eight of the 10 main sectors on the index gained. Among the financial stocks pushing the index higher, Royal Bank of Canada gained 1 percent to C$77.81, Toronto-Dominion Bank ...

Markets - Equity - Americas

TSX hits one-month high as resources gain TORONTO: Canada's main stock index advanced to its highest in a month on Tuesday, lifted by strength in its energy and mining sectors as oil, copper and other commodities prices climbed.The benchmark index recorded its fourth straight daily gain as it benefited from recent strength in commodity prices, including a 6 percent jump in U.S. crude oil in the previous session.With the U.S. Federal Reserve set to release minutes from its latest policy meeting later ...

Markets - Equity - Americas

Wall St up on deals, biotech boost NEW YORK: US stocks rose on Tuesday, extending two sessions of gains for the S&P 500, with deals including a bid from FedEx for a Dutch peer indicating companies still see value in the market.Shares of FedEx rose 3.3 percent to $172.14 as it seeks to buy Dutch package delivery company TNT Express for $4.8 billion. Two years ago, competition regulators blocked United Parcel Service's bid for TNT because, unlike FedEx, that suitor already had ...

Markets - Equity - Americas

Stocks gain; weak US jobs data eases Fed concerns NEW YORK: US stocks rose on Monday as a weaker-than-expected jobs report was seen as postponing the Federal Reserve's first interest rate increase in nearly a decade. Global trading was limited, with major European markets closed for the Easter holiday. The US stock market is coming off a trading holiday on Friday, which is when the jobs report was released; Monday is the first session US traders have been able to trade off the data. ...

Markets - Equity - Americas

Wall St climbs as weak data reduces rate worries NEW YORK: US stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday's surprisingly weak jobs report. Labor Department data showed US employers last month added 126,000 jobs, the lowest number in more than a year and well below expectations. In other economic news, ISM data showed the pace of growth in the US services sector fell in March to its lowest ...

Markets - Equity - Americas

Wall St ends up; jobs data eases Fed rate hike concerns NEW YORK: US stocks rose on Monday as expectations that the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday's surprisingly weak jobs report. The Dow Jones industrial average rose 119.22 points, or 0.67 percent, to 17,882.46, the S&P 500 gained 13.81 points, or 0.67 percent, to 2,080.77 and the Nasdaq Composite added 30.38 points, or 0.62 percent, to 4,917.32. Copyright Reuters, 2015 ...

Markets - Equity - Americas

TSX pushed higher by resource stocks as oil, gold gain TORONTO: Canada's main stock index gained half a percent on Monday as a jump in the prices of crude oil and gold helped oil and gas stocks and mining issues finish higher.Energy stocks gained almost 2 percent, rising in tandem with a surge in crude prices, which rose after Saudi Arabia hiked its oil prices for Asia for a second month in a row and as U.S inventories data showed barely a rise last week. ...