02122016Fri
Last update: Fri, 12 Feb 2016 12pm

Americas

Markets - Equity - Americas

Wall St Week Ahead-Investors look to Fed, earnings for direction next week NEW YORK: Investors hoping equities can sustain their recent bounce next week will carefully watch the U.S. Federal Reserve's mid-week policy meeting for signs the central bank may slow the path of interest rate hikes.The S&P 500 has already fallen as much as 9 percent this year, with stocks battered by concerns over China's slowing economy, plunging oil prices and Fed Vice Chairman Stanley Fischer's comments that he expected about four rate hikes this year.But investors expect the Fed may soften its tone on interest rates when it concludes a two-day meeting on Wednesday, especially after European Central Bank President Mario Draghi on Thursday raised the prospect of policy easing in March."The speculation is the message will continue to be dovish from the Federal Reserve and the four rate increases they have been talking about is not realistic, so that is being viewed as a positive" for stocks said Ken ...

Markets - Equity - Americas

Weak US corporate profits offer no rescue to sinking stocks NEW YORK: Investors who hoped U.S. corporate earnings could dig stocks out of their deep hole may find themselves sorely disappointed.The outlook for corporate profits continues to deteriorate, and earnings growth is now unlikely to revive before the summer.Thanks to rapidly dimming forecasts for energy, materials, finance and technology sectors, year-over-year profit declines for Standard & Poor's 500 companies are now expected until the second quarter of 2016 at the earliest, according to data from ...

Markets - Equity - Americas

Oil, stocks climb; Draghi remarks raise stimulus hopes NEW YORK: Oil prices and global equity markets rebounded on Thursday, following a turbulent few days that wiped trillions of dollars off asset values, though it was unclear whether the vigorous selling action had come to an end. Remarks by European Central Bank President Mario Draghi earlier in the day raised hopes for further monetary stimulus and helped buoy the markets. US stocks were up in afternoon trading, led by gains in telecommunications, energy and ...

Markets - Equity - Americas

US stocks rise as ECB hints at more stimulus NEW YORK: US stocks got a boost early Thursday after European Central Bank chief Mario Draghi hinted at possible additional monetary stimulus as soon as March.About 50 minutes into trade, the Dow Jones Industrial Average was at 15,867.79, up 101.05 points (0.64 percent). Heading into Thursday, the Dow was off 9.5 percent for the year following the rout of early 2016.The broad-based S&P 500 added 10.40 (0.56 percent) at 1,869.73 while the tech-rich Nasdaq Composite ...

Markets - Equity - Americas

Equities whacked by oil tumble; bear confirmation nears NEW YORK: Global equity markets dropped to their lowest levels in 2-1/2 years on Wednesday to put them on pace for one of the most dismal monthly performances on record, as oil once again tumbled to 13-year lows.The MSCI World equity index slumped 3.4 percent to its lowest level since June 2013. The index has already dropped 11.1 percent in January, which if sustained would be the worst monthly loss since October 2008, the month ...

Markets - Equity - Americas

US stocks tumble over 2pc, joining global rout NEW YORK: US stocks sank more than 2.0 percent early Wednesday, with petroleum stocks diving, joining Asia and Europe in a selloff prompted by sliding oil prices and worries about lower growth. About 50 minutes into trade, the Dow Jones Industrial Average stood at 15,678.47, down 337.55 points (2.11 percent).The broad-based S&P 500 fell 42.06 (2.24 percent) to 1,839.27, while the tech-rich Nasdaq Composite sank 108.07 (2.41 percent) to 4,368.88.US oil prices opened below $28 ...

Markets - Equity - Americas

TSX falls to 2012 low on oil rout; rates held steady TORONTO: Canada's main stock index slumped 3 percent on Wednesday, hitting an almost 3-1/2 year low, with energy and financial shares leading the drop as a rout in oil prices and global equity markets rumbled on.Investors failed to take much comfort from the Bank of Canada holding rates steady rather than cutting despite lower growth, opting for patience because of expected help from a weak currency, past rate cuts, fiscal stimulus and U.S. strength.At 10:27 ...