02132016Sat
Last update: Sat, 13 Feb 2016 05pm

Americas

Markets - Equity - Americas

Dollar softening boosts equities, commodities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of many commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the new head of the Dallas Fed, who said the central bank should be "patient" on rate increases."The big move down in the dollar seems as much about the Fed and the reality that aside from the employment data in the U.S., you haven't gotten a lot of good news anywhere you have looked," said Brian Nick, head of tactical asset allocation for UBS Wealth Management Americas in New York."Even though everybody else is still easing, ...

Markets - Equity - Americas

TSX gains as banks, resource stocks, railways rise TORONTO: Canada's main stock index jumped on Thursday as higher commodity prices helped lift mining stocks, while banks and railways also saw strong gains and the energy sector rose despite a slip in oil prices.A weaker U.S. dollar helped drive gold and other metals higher, as expectations eased of a further rise in U.S. interest rates this year and investors scrambled to close out bearish positions before the Lunar New Year holiday in China.The materials ...

Markets - Equity - Americas

TSX rises with commodity prices, led by energy, mining TORONTO: Canada's main stock index rose on Thursday as higher commodity prices helped lift energy and mining stocks, while railway stocks also saw strong gains.A weaker U.S. dollar helped drive commodity markets higher for a second day, which supported the resource-linked market.U.S. crude prices surged more than 2 percent and gold rose to a three-month high after expectations eased of a further rise in U.S. interest rates this year.The most influential movers on the index ...

Markets - Equity - Americas

Weaker dollar boosts commodities, lifts equities NEW YORK: Global equity markets rose on Thursday as diminished expectations of U.S. interest rate hikes this year pushed the dollar lower, which in turned boosted the prices of commodities.The dollar fell for a fourth day on the latest batch of soft U.S. data, while comments from a U.S. Federal Reserve policymaker on Wednesday were viewed as a sign further rate hikes could be delayed.Those comments were buttressed on Thursday by Robert Kaplan, the new ...

Markets - Equity - Americas

NEW YORK: Energy and industrial names surged Wednesday with rising oil prices, but the Nasdaq finished lower as Google parent Alphabet and some other leading technology names retreated.The Dow Jones Industrial Average jumped 183.12 points (1.13 percent) to 16,336.66.The broad-based S&P 500 rose 9.50 (0.50 percent) to 1,912.53, while the tech-rich Nasdaq Composite Index fell 12.71 (0.28 percent) to 4,504.24.On the Dow, ExxonMobil jumped 5.2 percent while Caterpillar climbed 4.3 percent as oil prices rallied ...

Markets - Equity - Americas

Dollar dives, helping boost oil; Dow, S&P gain NEW YORK: The US dollar tumbled on Wednesday after comments from a Federal Reserve official and a soft services sector report suggested a slowing pace of rate hikes, sparking a rally in oil prices that also boosted U.S. equities.U.S. crude settled up 8 percent as the weakness in the dollar helped oil and other commodities priced in the currency. U.S. Treasury yields fell to one-year lows before recovering.The Dow Jones industrials closed up 1.1 percent, ...

Markets - Equity - Americas

Dow, S&P 500 rise with oil; Nasdaq falls NEW YORK: Energy and industrial names surged Wednesday with rising oil prices, but the Nasdaq finished lower as Google parent Alphabet and some other leading technology names retreated.At the closing bell, the Dow Jones Industrial Average stood at 16,336.59, up 183.05 points (1.13 percent)The broad-based S&P 500 rose 9.58 (0.50 percent) to 1,912.61, while the tech-rich Nasdaq Composite Index fell 12.71 (0.28 percent) to 4,504.24.On the Dow, ExxonMobil jumped 5.2 percent while Caterpillar climbed 4.3 ...