09282016Wed
Last update: Wed, 28 Sep 2016 06am

Americas

Markets - Equity - Americas

US stocks open higher ahead of Fed meeting NEW YORK: Wall Street stocks opened higher Monday ahead of highly-anticipated meetings of the Federal Reserve and the Bank of Japan.US stocks have been volatile so far in September as Fed officials have sent mixed signals on the likelihood of an imminent interest rate hike. Most analysts see little chance of an increase at the Fed meeting concluding Wednesday, but say a rate hike could come later in the year.There is also considerable interest in Wednesday's BOJ decision because of the chance the bank will enact additional stimulus measures to boost growth.Five minutes into trade, the Dow Jones Industrial Average stood at 18,211.04, up 0.5 percent.The broad-based S&P 500 gained 0.4 percent to 2,147.78, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 5,266.15.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

US, European stocks weighed down by banking woes NEW YORK: US and European stock markets retreated on Friday, as banking shares led by Deutsche Bank slumped on news US authorities were hunting down Germany's biggest lender over a record fine.Frankfurt's DAX 30 was the hardest hit, closing down 1.5 percent, while the Paris CAC 40 shed nearly 1.0 percent from Thursday.London's benchmark FTSE 100 index lost 0.3 percent, while the S&P 500 in the US shed 0.4 percent.The US Justice Department is seeking ...

Markets - Equity - Americas

US stocks finish volatile week on down note NEW YORK: Wall Street stocks ended a volatile week on a down note Friday, with weakness in energy, industrials and financials pushing the overall markets lower.Key factors behind the decline included a drop in oil prices and negative sentiment towards banks, in part because of the dimming odds for a Federal Reserve interest rate hike next week.Technology shares generally outperformed the broader market, with Amazon climbing 1.1 percent to $778.29 following an RBC Capital Markets ...

Markets - Equity - Americas

US stocks drop as banking, oil share retreat NEW YORK: Wall Street stocks dropped early Friday on weakness in banks and petroleum-linked equities, which fell on a retreat in oil prices.About 30 minutes into trade, the Dow Jones Industrial Average was at 18,133.01, down 0.4 percent.The broad-based S&P 500 shed 0.5 percent to 2,136.93, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 5,231.67.US shares of Deutsche Bank sank 9.0 percent on news that US authorities are seeking as much as $14 ...

Markets - Equity - Americas

Mexico stock exchange resumes trading after halt MEXICO CITY: Mexico's stock exchange suspended trading for nearly an hour on Thursday before normal operations resumed. The stock exchange did not immediately provide an explanation after declaring an "administrative recess," their usual language to describe technical failures. Trading had also been halted on Tuesday due to technical problems.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Stocks gain with dimming chances of Sept rate hike NEW YORK: Global equity prices gained on Thursday after weak US retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The US Treasury yield curve steepened to its steepest level in about two-and-a-half months as longer-dated debt fell, highlighting expectations that the Fed could hold off from raising rates at its two-day meeting set to conclude on Wednesday. August US retail sales fell more than expected, pointing to ...

Markets - Equity - Americas

US stocks up as Apple gains on strong iPhone sales NEW YORK: US stocks rose early Thursday helped by Apple's jump on reports that its newest iPhones have sold out in some places even before they arrive at stores.Apple climbed 2.6 percent, its fourth straight increase, as reports continue to point to strong demand for the new iPhone 7, which are due in stores on Friday.US data was mixed, with August retail sales falling 0.3 percent from the July level. The producer price index was ...