05302016Mon
Last update: Mon, 30 May 2016 08am

Americas

Markets - Equity - Americas

Dollar up on rate hike talk; stocks flat NEW YORK: Global stock markets were little changed and the U.S. dollar gained on Monday as investors weighed the possibility that U.S. interest rates could soon be raised.Commodities were weak across the board. Oil prices fell and were on track for a fourth session of losses as investors worried about global supply, and copper prices fell towards the three-month lows hit last week.In the United States, an imminent rise in interest rates was looking more likely. The Federal Reserve will likely tighten policy a bit quicker in 2017 than this year, by perhaps one or two more interest rate hikes, San Francisco Fed President John Williams said on Monday.St. Louis Fed President James Bullard said on Monday a relatively tight labor market in the United States may put upward pressure on inflation, raising the case for higher interest rates.The Fed surprised investors when the central bank's meeting minutes released last ...

Markets - Equity - Americas

Brazil shares, currency drop on local political woes SAO PAULO: Brazil's stocks and 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.Planning Minister Romero Juc? agreed to a "national pact" to weaken the country's biggest ever corruption investigation known as operation "Car Wash," according to excerpts from taped conversations published by the daily Folha de S. Paulo.Juc? ruled out resigning, saying he supported ...

Markets - Equity - Americas

Monsanto jumps on Bayer bid; US stocks edge up NEW YORK: Monsanto shares jumped Monday after German chemicals giant Bayer said it had bid $62 billion for the US agricultural giant as US stocks opened slightly higher.Monsanto climbed 6.2 percent on news of the Bayer bid, which comes amid a wave of consolidation in the agrochemical sector with DuPont-Dow Chemical and other deals. Monsanto has not responded publicly to the offer. There were no major US economic releases Monday, but the calendar this week ...

Markets - Equity - Americas

US stocks rise as chip companies boost Nasdaq 1.2pc NEW YORK: Wall Street stocks rose Friday with the Nasdaq climbing more than one percent following a blowout earnings report from chip supplier Applied Materials.Applied Materials, which provides materials and software to build semiconductors, surged 13.8 percent after announcing that second-quarter orders jumped 37 percent from the year-ago period to $3.45 billion as it predicted record profits in 2016.Chip companies Western Digital and Micron Technology rose 3.1 percent and 7.3 percent, respectively.Meanwhile the broader market ...

Markets - Equity - Americas

Dollar rises to third weekly gain; stocks jump NEW YORK: Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains. US home resales rose more than expected in April, suggesting the American economy has continued to gather pace during the second quarter. The data added to a growing perception that a ...

Markets - Equity - Americas

Little for US stock investors to cheer on anniversary of S&P record high NEW YORK: A year ago the US stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary.The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. It also has yet to top its intraday record high of 2,134.72 hit on May 20, 2015.A raft of concerns has pressured equities over the past year, ...

Markets - Equity - Americas

Brazil stocks up as Parente named Petrobras CEO SAO PAULO: Brazilian equities rose on Friday after the nomination of a well-known executive as head of Petrobras allayed fears of political meddling at the embattled state-controlled oil company.Brazil's interim president, Michel Temer, announced on Thursday he will name Pedro Parente as chief executive officer of Petr?leo Brasileiro SA, as the company is formally known.He will be charged with helping the company out of its current financial crisis, a result of low world oil prices, ...