08302016Tue
Last update: Tue, 30 Aug 2016 08am

Americas

Markets - Equity - Americas

US stocks flat; oil, Treasury yields fall as investors await Fed NEW YORK: US stocks and oil edged lower while US Treasury yields fell on Monday on expectations the Federal Reserve will signal this week that it is preparing to raise US interest rates.An upbeat assessment of the US economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was viewed as raising the prospect of Fed Chair Janet Yellen flagging a rate rise at a meeting with world central bankers on Friday. Treasury yields rose in overnight trading on Fischer's comments but fell back in early trading. Prices on 30-year US Treasuries rose more than 1 point and yields fell to 2.23 percent.Ten-year notes were last up nearly 0.40 percent in price to yield 1.54 percent. Bond yields move inversely to prices. The dollar index, which tracks the greenback against a basket of six major currencies, shed gains and was up just .03 percent at 94.54. It had fallen about ...

Markets - Equity - Americas

Wall St flat as biotechs offset energy NEW YORK: US stocks were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks. The Dow Jones industrial average fell 22.46 points, or 0.12 percent, to 18,530.11, the S&P 500 lost 1.2 points, or 0.05 percent, to 2,182.67 and the Nasdaq Composite added 6.23 points, or 0.12 percent, to 5,244.60. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX up despite commodity weakness; Couche-Tard, Valeant jump TORONTO: Canada's main stock index rose on Monday as Alimentation Couche-Tard Inc jumped after the convenience store operator bought a US chain in an expansion move and drugmaker Valeant Pharmaceuticals rose after it hired a new chief financial officer. Lower oil and metal prices weighed on energy and mining stocks. Couche-Tard jumped 7.5 percent to C$66.78 after the company said it would buy US chain CST Brands Inc in a roughly $4.4 billion deal. "They're ...

Markets - Equity - Americas

Brent slides under $50 as Iraq moves to boost output NEW YORK: World oil prices slid Monday, slamming the brakes on last week's rally as events in Nigeria and Iraq pointed to a possible surge in supplies.in London, trade on Brent North Sea crude for delivery in October slumped $1.72 from Friday to $49.16 a barrel.In New York trade, US benchmark West Texas Intermediate for September delivery shed $1.47 to $47.05 a barrel.The fall came as Iraq signaled a likely increase in output from Kirkuk's ...

Markets - Equity - Americas

Medivation surges on Pfizer takeover as US markets stay flat NEW YORK: Cancer drugmaker Medivation on Monday gained nearly 20 percent after the announcement it would be bought by Pfizer, but Wall Street stocks were otherwise generally flat.The Dow Jones Industrial Average closed down 0.1 percent at 18,529.42 while the S&P 500 fell less than 0.1 percent to 2,182.64.The tech-heavy Nasdaq, where Medivation is listed, rose 0.1 percent 5,244.60 Chris Low of FTN Financial said the markets were in wait-and-see mode, with a lack of ...

Markets - Equity - Americas

World stock markets, oil, Treasury yields fall as investors await Fed NEW YORK: World stocks edged lower, US Treasury yields fell and the US dollar ticked up on Monday on expectations the Federal Reserve will give a signal this week that it is preparing to raise US interest rates.An upbeat assessment of the US economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was viewed as raising the prospect of Fed Chair Janet Yellen flagging a rate rise at a meeting with world central bankers ...

Markets - Equity - Americas

Wall Street lower as investors react to Pfizer deal NEW YORK: Wall Street traded slightly lower on Monday morning with major drugmakers down following the announcement that Pfizer would buy the cancer drugmaker Medivation for $14 billion.A half-hour into the morning's trading, the Dow Jones Industrial Average was down 0.3 percent at 18.490.15. The broader S&P 500 fell 0.3 percent at 2,177.71 and the Nasdaq, where Medivation is listed, lost 0.1 percent at 5,231.47.Markets were awaiting signals on US interest rate policy from this ...