05052016Thu
Last update: Thu, 05 May 2016 05pm

Americas

Markets - Equity - Americas

TSX rises, led by gold and energy stocks TORONTO: Canada's main stock index rose on Thursday as resource stocks rose and Bombardier Inc rallied after winning a large plane order, while the financials group retreated. Some of the most influential movers on the index included gold stocks. Barrick Gold Corp rose 3.8 percent to C$21.78, while Goldcorp Inc was up 4.2 percent at C$23.54 after reporting on Wednesday better-than-expected earnings. Spot gold rose 0.8 percent as the Bank of Japan held off from expanding monetary stimulus, boosting the yen versus the dollar, and after the Federal Reserve signaled on Wednesday that it was in no rush to tighten monetary policy.The overall materials group, which includes precious and base metals miners and fertilizer companies, added 2.2 percent. Energy stocks rose 0.9 percent as oil prices set new 2016 highs. Suncor Energy Inc advanced 1.8 percent to C$36.91, while US crude prices were up 0.3 percent to $45.47 a barrel. ...

Markets - Equity - Americas

US stocks mostly fall on weak first quarter growth NEW YORK: Wall Street stocks were mostly lower early Thursday after the US Commerce Department estimated first-quarter economic growth at a feeble 0.5 percent.That figure lagged expectations and reflected meek consumer spending and a 5.9 percent drop in business investment, the sharpest decline since 2009.The Bank of Japan's surprise decision against additional stimulus measures also weighed on stocks. Equity markets in Europe were lower and the Nikkei 225 in Tokyo sank 3.6 percent.Analysts said that, ...

Markets - Equity - Americas

US stocks boosted by better Fed outlook; Apple dives NEW YORK: Plunging Apple shares weighed on US stocks Wednesday, but the Dow and S&P 500 rose after the Federal Reserve offered a somewhat more optimistic view of the global economy.Apple, the biggest company by market capitalization, tumbled 6.4 percent after announcing its first ever drop in iPhone sales and its first decline in quarterly revenues since 2003.But the market rallied after the Fed suggested it was less concerned about the global economic and financial ...

Markets - Equity - Americas

Fed keeps key rate unchanged, noting slower US growth WASHINGTON: The Federal Reserve kept its benchmark interest rate unchanged Wednesday citing slower growth in the US economy even as the labor market strengthens.The Fed stuck to its stance that US monetary policy will tighten only gradually and gave no hint as to whether it could lift the short-term federal funds rate at its next meeting in June.But the language of its policy statement at the end of a two-day meeting suggested it was slightly ...

Markets - Equity - Americas

TSX rises as higher oil supports energy, Bombardier rallies TORONTO: Canada's main stock index rose on Wednesday as higher oil prices supported energy stocks, while industrials also advanced on speculation of a major order for a plane and train maker.Shares of Bombardier Inc rose 6 percent to C$2.11 after the company moved forward release of its first-quarter results by a day to Thursday in a surprise announcement that elevated market expectations of a big CSeries order this week.Cenovus Energy Inc reported a wider-than-expected quarterly ...

Markets - Equity - Americas

Nasdaq tumbles as Apple earnings disappoint NEW YORK: Apple shares plunged in opening trade Wednesday following disappointing earnings, sending US markets into the red.Apple, the world's largest company by market value, sank 7.2 after reporting its first-ever drop in iPhone sales in earnings released late Tuesday afternoon. Profits also fell in the fiscal second quarter, while revenues suffered their first quarterly drop since 2003.The weak Apple results were most detrimental to the tech-rich Nasdaq Composite Index, which was down 0.6 percent ...

Markets - Equity - Americas

US stocks flat ahead of Fed statement NEW YORK: Wall Street stocks finished nearly flat Tuesday as the market absorbed a deluge of mostly solid earnings and awaited a policy statement from the Federal Reserve.Analysts said the mushy trade reflected a wait-and-see approach ahead of Wednesday's Fed statement. While the US central bank is expected to keep interest rates unchanged, its commentary will be scrutinized for clues on the prospects for future interest rate increases."We'll be looking for the tone," said Art ...