06252016Sat
Last update: Sat, 25 Jun 2016 01pm

Americas

Markets - Equity - Americas

US stocks follow European shares down on Draghi warning NEW YORK: US stocks opened lower Thursday, following European bourses downward after European Central Bank chief Mario Draghi called on eurozone countries to immediately enact fiscal stimulus."The cost of delay is simply too high," Draghi told the Brussels Economic Forum, one day after the ECB unleased a new bond-buying program to try to spur the tepid eurozone economy."Fiscal policy should work with, not against, monetary policy."US oil prices dipped a bit, but remained above $50 a barrel, resulting in declines for shares of ExxonMobil, Chevron and other oil-linked equities.Five minutes into trade, the Dow Jones Industrial Average was at 17,941.84, down 0.4 percent.The broad-based S&P 500 shed 0.5 percent at 2,109.68, while the tech-rich Nasdaq Composite Index lost 0.5 percent at 4,950.73.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

Wall St climbs for 3rd day as dollar weakens U.S. stocks rose for a third straight session on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.The Dow was again trading above the psychologically key 18,000 level. It briefly rose above that level on Tuesday for the first time since April.The day's gains put the S&P 500 within about 16 points of its all-time intraday high of 2134.72.The S&P 500 materials index climbed 0.8 percent following gains ...

Markets - Equity - Americas

Fund buying, beef demand rallies CME live cattle futures CHICAGO: Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said.June live cattle closed up 1.800 cents per lb to 123.025 cents, after topping the 100-day moving average of 122.67 cents. August ended 2.725 cents per lb higher at 118.725 cents and settled above the 20-day moving average of 117.34 cents.Retail and restaurant purchases of beef for Father's Day and Fourth of July ...

Markets - Equity - Americas

S&P inches closer to record as energy leads NEW YORK: The S&P 500 inched closer to its record high on Tuesday, helped by a big jump in energy shares and enthusiasm following Federal Reserve Chair Janet Yellen's speech this week.The Dow Jones industrial average rose 19.52 points, or 0.11 percent, to 17,939.85, the S&P 500 gained 2.8 points, or 0.13 percent, to 2,112.21 and the Nasdaq Composite dropped 6.96 points, or 0.14 percent, to 4,961.75.Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX extends 9-month high as energy stocks rise with oil TORONTO: Canada's main stock index extended its recent run to a more than 9-month high on Tuesday as oil and gas stocks jumped with buoyant crude prices and heavyweight financial stocks also rose. The overall gains were capped by a sharp fall in shares of Valeant Pharmaceuticals International Inc. Valeant's stock fell 19.6 percent to C$29.76 after the embattled drug company missed quarterly profit estimates on weakness in its dermatology business and cut its full-year ...

Markets - Equity - Americas

US stocks up as oil shares climb NEW YORK: Wall Street stocks climbed in opening trade Tuesday as higher oil prices lifted petroleum-linked shares.Dow member ExxonMobil advanced 0.7 percent and midsized producers Apache and EOG Resources gained more than 1.0 percent as the US oil benchmark contract rose above $50 a barrel due in part to supply disruptions in Nigeria. The US increases shadowed gains in European bourses after the Eurostat statistics agency modestly raised first-quarter growth to 0.6 percent from the ...

Markets - Equity - Americas

US jobs data sink stock rally, dollar NEW YORK: A dismal US jobs report sank the dollar and Wall Street stocks and cut short a rally on European bourses on Friday as it heightened worries about weak international growth.The smallest monthly job creation tally in nearly six years took a looming rate hike by the Federal Reserve off the table, probably until September or later, according to analysts.The US added only 38,000 net new positions in May, a quarter of the amount ...