05272016Fri
Last update: Fri, 27 May 2016 09pm

Americas

Markets - Equity - Americas

Dow, S&P 500 drop ahead of Fed minutes NEW YORK: Wall Street stocks traded cautiously early Wednesday ahead of the release of Federal Reserve meeting minutes, with the Dow and S&P 500 both falling.However, the Nasdaq pushed higher behind gains in some technology shares, including Apple, Netflix and Tesla Motors.Fed speakers in recent days have signaled that a June interest rate increase remains a possibility, something the market had previously seen as having almost no chance. About 35 minutes into trade, the Dow Jones Industrial Average was down 0.2 percent to 17,495.91The broad-based S&P 500 shed 0.1 percent to 2,045.90, while the tech-rich Nasdaq Composite Index rose 0.3 percent to 4,729.74.Goldman Sachs downgraded stocks to neutral for the next 12 months on valuation and growth worries, further denting sentiment."Until we see sustained earnings growth, equities do not look attractive, especially on a risk-adjusted basis," Goldman said in the note.Talk of speedier rate hikes from the Fed lifted bank ...

Markets - Equity - Americas

US stocks fall on Fed rate talk as volatility picks up NEW YORK: Wall Street stocks tumbled Tuesday, reversing the prior session's gains, as solid US economic data boosted the chances the Federal Reserve will move more quickly to hike interest rates.Equity markets were also in retreat in much of Europe and Asia, although Tokyo advanced on the weakening yen and London pushed higher thanks to strength in oil and mining shares.In the US, the S&P 500 lost 0.9 percent, an almost exact reversal of the ...

Markets - Equity - Americas

TSX rises as energy stocks, Valeant gain TORONTO: Canada's main stock index gained on Tuesday as the energy group rose on higher oil prices and Valeant Pharmaceuticals International Inc surged after it said it would make required securities filings to Canadian regulators.Laval, Quebec-based Valeant, which is under scrutiny over its drug pricing, business practices and accounting, rose 4.5 percent to C$36.41 after saying it planned to make the filings on or before June 10.Canadian Natural Resources added 0.8 percent to C$38.03 and ...

Markets - Equity - Americas

Stocks weighed by US Fed watch; oil rises NEW YORK: Stocks fell on Wall Street Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks cut its gains.The U.S. dollar lost ground against a basket of currencies. Crude futures were volatile, with Brent prices matching the six-month highs hit Monday.U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up.The data ...

Markets - Equity - Americas

US stocks drop despite strong Home Depot earnings NEW YORK: Wall Street stocks dropped early Tuesday, giving back some of the prior day's gains, as Home Depot shares dipped despite better-than-expected earnings.The home-improvement retailer raised its full-year forecast after reporting a 14.2 percent jump in first-quarter earnings to $1.8 billion. The results were the latest to show strong consumer spending for housing-related items even as US shoppers show restraint in other areas such as apparel.Shares of Home Depot, a Dow component, fell 1.5 ...

Markets - Equity - Americas

TSX rallies to a 2-week high, led by energy as oil surges TORONTO: Canada's main stock index rallied more than one percent to a two-week high on Monday, with energy stocks leading broad-based gains as oil surged. Oil prices reached six-month highs on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market. "Over this year Canada looks like an attractive investment opportunity, I think oil is going to finish higher than where it is right now," said Kevin Headland, ...

Markets - Equity - Americas

Latin American shares gain as oil hits 6-month high BRASILIA: Latin American stocks rose on Monday as oil prices hit a six-month high and other commodities also gained, while investors waited for greater clarity on the next steps of Brazil's interim president.The MSCI Latin American stock index gained 0.4 percent as benchmark indexes in Brazil, Mexico, Chile and Colombia all advanced. Non-voting shares in Brazil's state-run oil producer Petroleo Brasileiro SA rose nearly 3 percent, pushed up by a 3-percent increase in oil prices.Supply ...