05302016Mon
Last update: Mon, 30 May 2016 10am

Americas

Markets - Equity - Americas

Dollar strengthens after economic data, pressuring oil NEW YORK: The US dollar surged to a more than two-week high against a basket of currencies following stronger-than-expected US economic data, putting pressure on oil prices, which fell after three days of gains.After cutting losses following the economic data, Wall Street was little changed in late morning trading. US retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum.But lacklustre quarterly results from department store operators Nordstrom and J.C. Penney, following weak reports from retailers earlier in the week, reignited jitters about the consumer sector. While the retail sales report was positive, "it's one number after a sequence of some fairly tepid numbers coming out of that consumer discretionary area," said Jeff Buetow, president of investment consulting firm BFRC Services in Charlottesville, Virginia. The Dow Jones industrial average was ...

Markets - Equity - Americas

European stocks fall as Apple drop weighs on Nasdaq NEW YORK: Stocks in London retreated Thursday as the Bank of England warned that uncertainty surrounding Britain's vote on whether to stay in the European Union was weighing on growth.Shares in Paris and Frankfurt also fell, while a big drop in Apple shares pushed Wall Street's tech-rich Nasdaq index into the red.London's FTSE 100 lost 1.0 percent, with commodity-linked stocks declining sharply.Bank of England Governor Mark Carney said that should Britain vote on June 23 ...

Markets - Equity - Americas

Apple slide drags on Wall St; yen weakens NEW YORK: The yen lost ground against the U.S. dollar on Thursday amid speculation Japan could expand its monetary stimulus soon, while a drop in Apple shares dragged the Nasdaq lower in a volatile trading day.Oil prices settled higher after a roller-coaster session that saw U.S. crude touch a six-month high. U.S. Treasury prices fell after comments from a Federal Reserve official suggested interest rates could rise faster than some investors expect.Major U.S. stock indexes ...

Markets - Equity - Americas

TSX ends flat after hitting 10-day high TORONTO: Canada's main stock index ended flat on Thursday, with lower commodity prices weighing on miners, offsetting gains for most major banks and some energy companies trying to restart production after a raging wildfire.Enbridge Inc added 1.9 percent to C$51.69 as it said it was steadily resuming service on its pipeline network through Canada's energy heartland about a week after the fire shut down operations in the Fort McMurray, Alberta area.It also reported a higher-than-expected ...

Markets - Equity - Americas

Apple weakness hits Nasdaq; oil lifts Dow NEW YORK: Another drop in Apple shares left the Nasdaq in the red Thursday, but higher oil prices helped keep the Dow in positive territory.Apple briefly ceded its crown as the world's biggest publicly traded company to Google parent Alphabet during the session, but managed to edge out Alphabet at the end of trade. But Apple still finished down 2.4 percent on worries about declining iPhone sales and the lack of a winning new gadget ...

Markets - Equity - Americas

Brazil markets slip as investors wait for Temer's agenda BRASILIA: Brazilian equities and currency lost ground on Thursday, tracking global markets lower, as investors awaited for interim President Michel Temer to outline his policy framework following a Senate decision to put Dilma Rousseff on impeachment trial.Gains in shares of JBS SA, which rose 14 percent after announcing a plan to list international operations in New York, helped limit losses in the benchmark Bovespa stock index . The index seesawed most of the session.The real, ...

Markets - Equity - Americas

Retailer shares battered as US stocks fall NEW YORK: Investors pummelled retailers Wednesday, sending US stocks sharply lower after weak Macy's earnings revived worries about the future of brick-and-mortar stores.Macy's plummeted 15.2 percent after slashing its 2016 forecast, saying it now expects comparable-store sales to fall between three and four percent. "People don't go to the malls anymore, they buy everything on Amazon or over the Internet," said Mace Blicksilver, director of Marblehead Asset Management. "So we have profound winners and losers."Dow ...