02142016Sun
Last update: Sun, 14 Feb 2016 08am

Americas

Markets - Equity - Americas

Wall St flat at record levels, valuations seen as reasonable NEW YORK: US stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched.The S&P 500 closed above 2,000 for the first time ever on Tuesday, while the Dow Jones industrial average also ended near a high. Both indexes have risen in 10 of the past 13 sessions, and the S&P has closed at a record 30 times this year, according to S&P Dow Jones Indices.The gains have come without any correction since 2012, prompting analysts to call for a pullback, especially such potential headwinds as a reduction in Federal Reserve stimulus and the conflict between Ukraine and Russia. Much of the recent gains have come on low volume, suggesting investors are wary of jumping in at current levels.Still, the S&P's price-to-earnings ratio is within historical norms, suggesting stocks are ...

Markets - Equity - Americas

US stocks near record high, European yields slip further NEW YORK: Major US stock indexes rose on Wednesday with the Standard & Poor's 500 holding around the 2,000 milestone, while bets the European Central Bank is on the brink of injecting more stimulus knocked the region's government bond yields to record lows.Prospects the ECB might buy bonds similar to what the U.S. Federal Reserve has done to help the euro zone economy drove the euro to its weakest against the dollar in a year ...

Markets - Equity - Americas

TSX slips as resources offset National Bank gain TORONTO: Canada's main stock index eased on Wednesday after hitting a record high in the previous session as weakness in energy and materials shares weighed, offsetting a gain in National Bank of Canada after the lender reported strong quarterly results.A 3.9 percent drop in Talisman Energy Inc, after news that the oil company had run into difficulties trying to sell itself to Spanish energy company Repsol SA, was also a drag.National's shares jumped 2.4 percent ...

Markets - Equity - Americas

US stocks slip after S&P breaks 2,000 barrier NEW YORK: Wall Street fell slightly in early trade Wednesday a day after the S&P 500 set a new mark, closing above the 2,000 milestone for the first time.Investors continued to support US shares backed by ultra-low interest rates, an economy growing at a moderate pace, and still little threat of inflation.About 45 minutes into trade, the Dow Jones Industrial Average was off 10.44 points (0.06 percent) at 17,096.26.The broad-based S&P 500 lost 2.08 (0.10 ...

Markets - Equity - Americas

S&P 500 closes above 2,000 for first time NEW YORK: The S&P 500 finished above 2,000 for the first time on Tuesday, capping a steep climb from 676 in March 2009, when the market hit bottom during the Great Recession.But the narrower Dow Jones Industrial Average of blue chips missed its record, set in July, by a small gap at the close after having surged past it during trade.Wall Street sustained its climb Tuesday helped by more encouraging data on the US economy, ...

Markets - Equity - Americas

S&P 500 closes above 2,000 for first time NEW YORK: The S&P 500 finished above 2,000 for the first time Tuesday, capping a steep climb from 676 in March 2009, when the market hit bottom during the Great Recession.But the narrower Dow Jones Industrial Average of blue chips missed its record, set in July, by a small gap at the close after having surged past it during trade.Copyright AFP (Agence France-Presse), 2014 ...

Markets - Equity - Americas

Bovespa flirts with 60,000, real gains on election bets SAO PAULO: Brazil Bovespa stock index briefly touched its highest level in more than a year and a half on Tuesday, driven by rising expectations that President Dilma Rousseff could lose her bid for re-election in October, although the market edged lower later in the session as investors took profits.The broader MSCI Latin American stock index rose for the eighth session in nine, while most of South America's currencies strengthened.Brazil's stock market has rallied for ...