12072016Wed
Last update: Wed, 07 Dec 2016 05pm

Americas

Markets - Equity - Americas

GLOBAL MARKETS-Dow hits record; US yields, dollar at multi-year highs NEW YORK: The Dow Jones industrial average hit a record high for a third straight day on Wednesday, while US two-year Treasury yields and the dollar hit multi-year peaks after upbeat US economic data reinforced expectations of interest rate increases.The Dow's peak of 19,074.51 marked its third straight record intraday high, while the benchmark S&P 500 and Nasdaq slipped after touching record intraday and closing highs over the past two days. Expectations that markets would benefit from US President-elect Donald Trump's policies have helped boost shares. The Dow was helped by gains in industrial stocks, with the S&P 500 industrial sector last up 0.7 percent. Ahead of the Thanksgiving Day holiday on Thursday and an early market close on Black Friday, a drop in tech heavyweights kept the S&P 500 and Nasdaq subdued, while a nearly 11 percent drop in Eli Lilly also weighed on the S&P. European shares steadied, ...

Markets - Equity - Americas

S&P 500 dips with healthcare shares, Dow edges up ahead of holiday NEW YORK: The S&P 500 inched lower on Wednesday afternoon, hurt by declines in Eli Lilly and other healthcare shares, while the Dow edged higher along with industrial stocks in light trading ahead of a US holiday.The S&P 500 held at slightly lower levels after the release of minutes from the latest Federal Reserve meeting, which showed policymakers appeared confident on the eve of the US election that the economy was strengthening enough to warrant ...

Markets - Equity - Americas

TSX extends 17-month high helped by miners, banks TORONTO: Canada's main stock index gained in morning trade on Tuesday, extending a 17-month high as base metal mining and banking shares rose.The most influential gainers included Teck Resources Ltd , which rose 3.3 percent to C$33.07, and First Quantum Minerals Ltd, which jumped 4 percent to C$15.39. Prices for copper, which both companies mine, rallied 2 percent to a one-week high, powered by signs of tighter supply and increased Chinese demand and as investors ...

Markets - Equity - Americas

Brazil shares up as pulp producers, steelmakers rally SAO PAULO: Brazilian stocks rose on Tuesday as hopes of higher prices of basic products lifted shares of miners, steelmakers and pulp producers.Brazil's benchmark Bovespa stock index was 2.2 percent higher, rising for the third straight day.Preferred shares of Suzano Papel e Celulose SA led the gains after the company agreed to increase prices of its pulp exports to China by 3.8 percent beginning in December.Rival Fibria Celulose SA later said it would also raise ...

Markets - Equity - Americas

US stocks higher as markets await Trump appointments NEW YORK: US stocks were trading higher early Monday at the start of a shortened holiday week, as investors await news on key appointments from the incoming presidential administration.A half-hour into trading session, the blue-chip Dow Jones Industrial Average was 0.3 percent higher at 18,922.86. The broader S&P 500 rose 0.5 percent to 2,192.87 and the Nasdaq gained 0.7 percent to 5,359.42.Among the heaviest losers on the Dow, manufacturing conglomerate 3M, the maker of Scotch ...

Markets - Equity - Americas

US stocks flat as dollar continues to soar NEW YORK: US stocks were flat in early morning trading Friday as the US dollar climbed to its highest level in almost 14 years and major indices remained in near-record territory.A half-hour into the day's trading session, the blue-chip Dow Jones Industrial Average and S&P 500 were both virtually unchanged, at 18,900.16 and 2,186.70, respectively. The tech-rich Nasdaq also was flat at 5,336.37.Stocks continued their rally started in the wake of last week's shock victory ...

Markets - Equity - Americas

TSX rises with banks, Suncor; Valeant slumps on arrests TORONTO: Canada's main stock index gained on Thursday in a broad rally led by heavyweight resource and financial stocks, as crude prices rose and the country's largest oil and gas company forecast higher production and lower costs in 2017. Suncor Energy Inc rose 0.6 percent to C$41.25 after it said it expected production to rise by more than 13 percent next year and spending to fall by more than C$1 billion ($746 million). The overall ...