05252016Wed
Last update: Wed, 25 May 2016 11pm

Americas

Markets - Equity - Americas

Stocks surge as oil climbs; yen slips again NEW YORK: Stock markets around the world rallied on Tuesday, helped by solid corporate earnings reports and higher oil prices supporting energy shares, while the yen again retreated sharply against the dollar.MSCI's broad gauge of global stocks climbed 1 percent, on track for its best session in three weeks. The three major U.S. indexes surged at least 1 percent and the pan-European FTSEurofirst 300 index advanced 0.9 percent.The yen fell against the dollar for a second day as a Japanese economic adviser reiterated that the country was prepared to intervene in currency markets.Against a basket of currencies, the dollar edged up 0.2 percent.Equities globally benefited from investors' belief that the U.S. Federal Reserve is less likely to raise interest rates in June in light of recent weaker-than-expected economic data, said Peter Kenny, senior market strategist at Global Markets Advisory Group in Berkeley Heights, New Jersey."Markets are banking on an unchanged ...

Markets - Equity - Americas

TSX scores largest gain since mid-February as oil rallies TORONTO: Canada's main stock index scored on Tuesday its largest gain since mid-February as oil rose and producers planned restarts at disrupted oil sands facilities.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 211.35 points, or 1.56 percent, at 13,775.19. Nine of the index's 10 main groups ended higher, led by energy and financials.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Stocks, oil surge as yen falls back again NEW YORK: Stock markets around the world rallied on Tuesday, helped by solid corporate earnings reports and higher oil prices supporting energy shares, while the yen again retreated sharply against the dollar.MSCI's broad gauge of global stocks climbed nearly 1.1 percent, its best session in about a month. The three major U.S. indexes each ended up about 1.3 percent and the pan-European FTSEurofirst 300 index advanced 0.9 percent.The yen fell against the dollar for a ...

Markets - Equity - Americas

Brazil markets rise as impeachment goes back on track BRASILIA: Brazilian stocks and the real jumped on Tuesday with impeachment proceedings against leftist President Dilma Rousseff back on track, fueling optimism that a new pro-market administration could take over on Thursday.Brazil's benchmark Bovespa stock index rose 2 percent, driven up by shares of banks and energy companies such as state-run oil producer Petroleo Brasileiro SA.Brazilian shares outperformed other equity markets in the region and drove the broader MSCI Latin American stock index , also ...

Markets - Equity - Americas

US stocks rise on Chinese inflation data, oil NEW YORK: Wall Street stocks rose Tuesday, joining a global equities rally following reassuring Chinese inflation data and a gain in oil prices.Producer prices in China dropped at their slowest rate in 16 months in April, while consumer prices climbed 2.3 percent, in a positive sign for the world's second-largest economy.Analysts said sentiment was also lifted by a gain in oil prices.About 30 minutes into trade, the Dow Jones Industrial Average was at 17,859.73, up ...

Markets - Equity - Americas

US stocks open higher on Chinese inflation data, oil NEW YORK: Wall Street stocks opened higher Tuesday, joining a global equities rally following reassuring Chinese inflation data and a gain in oil prices.Producer prices in China dropped at their slowest rate in 16 months in April, while consumer prices climbed 2.3 percent, in a positive sign for the world's second-largest economy.Analysts said sentiment was also lifted by a gain in oil prices.Five minutes into trade, the Dow Jones Industrial Average was at 17,814.12, up ...

Markets - Equity - Americas

TSX rises as oil rallies; oil sands producers plan restarts TORONTO: Canada's main stock index rose on Tuesday, led by financial and energy stocks as oil rose, while producers planned restarts at disrupted oil sands facilities.Gains for global stocks added to support for the index after some solid corporate earnings in Europe and a new pledge by Japan that it was prepared to step in to weaken its yen currency. The most influential movers on the index included Suncor Energy Inc, which rose 2.8 percent ...