07262016Tue
Last update: Tue, 26 Jul 2016 09pm

Americas

Markets - Equity - Americas

US stocks open modestly higher WASHINGTON: US stocks opened modestly higher Thursday as investors weighed the volatile political environment in Britain one week after Britain's vote to quit the European Union.The Wall Street action echoed cooling gains in European markets following a strong two-day rebound spurred by receding fears about the Brexit's impact on the global economy.About five minutes into trade, the Dow Jones Industrial Average was up 0.3 percent at 17,740.02.The broad-market S&P 500 rose 0.2 percent to 2,075.13, while the tech-heavy Nasdaq Composite climbed 0.2 percent to 4,790.10.Patrick O'Hare at Briefing.com noted that between last Friday and Monday, the S&P 500 fell 5.3 percent, and between Tuesday and Wednesday it gained 3.5 percent."The prevailing narrative right now is that this week's turn of events suggests the fallout from the Brexit vote isn't going to be as bad as feared -- certainly not for the US anyway," he said."It would be a mistake, though, ...

Markets - Equity - Americas

TSX rises early as oil supports, Brexit jitters fade TORONTO: Canada's main stock index gained in early trade on Wednesday as higher oil prices boosted shares of energy companies and investors bought back into banks after the initial shock of Britian's vote to exit the European Union. The Toronto Stock Exchange's S&P/TSX composite index was up 115.22 points, or 0.83 percent, at 13,957.91 shortly after the open. All 10 main sectors were higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks follow European markets higher; Dow +1.2pc NEW YORK: US stocks surged early Tuesday, rallying with European equity markets following deep losses the last two sessions due to Britain's surprise vote to leave the European Union. About 30 minutes into trade, the Dow Jones Industrial Average was at 17,348.09, up 1.2 percent. The broad-based S&P 500 climbed 1.3 percent to 2,026.12, while the tech-rich Nasdaq Composite Index jumped 1.8 percent to 4,675.00.The gains in Europe were even stronger, with markets in London, ...

Markets - Equity - Americas

US stocks drop further; Dow, S&P 500 down 3pc NEW YORK: US stocks dived to session lows at midday Friday after Britain's surprise vote to leave the European Union, with both the Dow and S&P 500 down about three percent.Near 1650 GMT, the Dow Jones Industrial Average was at 17,473.41, down 3.0 percent.The broad-based S&P 500 shed 3.2 percent at 2,046.78, while the tech-rich Nasdaq Composite Index tumbled 3.7 percent to 4,728.22.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

Canadian stocks, currency slide as Brexit raises global growth risks TORONTO: Canada's currency and shares of most of its largest companies weakened in the wake of Britain's vote to leave the European Union on Friday, while government bond yields slipped as investors bet the Bank of Canada will cut interest rates. The threat to global growth that the so-called 'Brexit' presents will prove a headwind for an economy that relies on energy and other commodity exports, analysts and investors said."It increases the risk that deflation ...

Markets - Equity - Americas

US stocks futures down about 3% ahead of Wall Street opening NEW YORK: US stock futures were down about three percent in pre-market trade Friday morning after Britain's surprise decision to vote to exit the European Union.As markets across Asia and Europe plunged after the vote, near 1245 GMT, US futures indices pointed to a 2.7 percent fall in the Dow Jones Industrial Average when the stock markets open at 1330 GMT.The broad-based S&P 500 looked to drop about 3.2 percent, while the futures for the ...

Markets - Equity - Americas

US stocks rally as Britain votes on EU membership NEW YORK: Wall Street stocks rose decisively in early trade Thursday, with banking shares especially strong, as investors bet Britain will vote to stay in the European Union.Although last-minute opinion polls have shown a tight contest, the strong gains in stocks suggested markets believe a "Remain" vote is virtually guaranteed. But if the vote goes for Britain exiting the 28 member European Union, analysts say the result could be big losses in markets.About 40 minutes ...