09292016Thu
Last update: Thu, 29 Sep 2016 11am

Americas

Markets - Equity - Americas

TSX falls as materials, banks offset energy gains TORONTO: Canada's main stock index slipped on Thursday as losses for materials and banking stocks canceled out gains for energy companies as oil prices rose. The heavyweight energy group climbed 0.6 percent, the only one of 10 major sectors to gain.At 10:18 a.m. EDT (1418 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 28.76 points, or 0.19 percent, at 14,767.99.Among the most influential gainers was Enbridge Inc , which rose 3.7 percent to C$58.52. The pipeline company's stock has jumped about 12 percent since announcing a major acquisition earlier this week.Oil prices rose nearly 2 percent after US industry data showed a large drawdown in crude stocks, reflecting the impact of an Atlantic storm.The materials group, which includes precious and base metals miners and fertilizer companies, fell 1.2 percent, while the financials group slipped 0.4 percent.Potash Corp fell 2.1 percent to C$22.29.The value of Canadian building permits issued ...

Markets - Equity - Americas

US stocks drop as ECB keeps rates unchanged NEW YORK: Wall Street stocks opened lower Thursday, joining European equities in retreating after the European Central Bank kept interest rates unchanged.Equity markets in Paris and Frankfurt were both down more than one percent after the ECB, as expected, kept record-low interest rates unchanged and did not expand its asset-buying program.ECB chief Mario Draghi said the central bank could enact additional stimulus, but wanted to first assess the impact of measures already taken.Five minutes into ...

Markets - Equity - Americas

Nasdaq adds to record but S&P, Dow trade flat NEW YORK: US stocks ended mostly little-changed Wednesday but the Nasdaq Composite added to its record high, helped by a 0.6 percent jump in Apple shares after the company unveiled two new iPhones.Airline shares also surged after several offered good outlooks at a transportation conference.The Dow Jones Industrial Average finished off less than 0.1 percent at 18,526.14.The broad-based S&P 500 was virtually unchanged at 2,186.15.The tech-rich Nasdaq Composite, which punched through to a new record ...

Markets - Equity - Americas

Wall St near flat as investors assess rate outlook U.S. stocks were little changed on Wednesday as investors assessed the outlook for U.S. interest rates, while Sprout Farmers Market's forecast weighed on grocers.Whole Foods fell 5.5 percent after smaller rival Sprouts Farmers Market painted a bleak picture for grocers with its disappointing quarterly outlook. Sprouts shares were down 13.7 percent, while Kroger shares fell 3.7 percent.Investors have been weighing the likelihood of a rate hike from the Federal Reserve this month, with recent data ...

Markets - Equity - Americas

Nasdaq ekes out record, Wall St ends flat NEW YORK: U.S. stocks ended little changed on Wednesday, with the Nasdaq eking out a record high close, as investors assessed the outlook for U.S. interest rates.The Dow Jones industrial average fell 11.98 points, or 0.06 percent, to 18,526.14, the S&P 500 lost 0.33 points, or 0.02 percent, to 2,186.15 and the Nasdaq Composite added 8.02 points, or 0.15 percent, to 5,283.93.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Bargain buying rallies CME live cattle, hog CHICAGO: Chicago Mercantile Exchange live cattle futures on Wednesday posted their biggest daily gain in a month, fueled by short-covering and bargain buying after recent market losses, traders said.October live cattle ended 2.400 cents per pound higher at 102.425 cents, and December up 2.275 cents at 104.200 cents.Investors may be anticipating a summer seasonal bottom in cattle prices that typically move higher heading into the fall when meat demand tends to pick up, said AgriVisor ...

Markets - Equity - Americas

US stocks flat ahead of Apple launch, Fed report NEW YORK: US stocks were little changed early Wednesday ahead of Apple's expected launch of a new iPhone and the Federal Reserve's "Beige Book" report assessing economic conditions around the country.Apple shares were flat a few hours before the San Francisco event, which could also see the introduction of a second-generation smartwatch.About 35 minutes into trade, the Dow Jones Industrial Average was at 18,524.94, down 0.1 percent.The broad-based S&P 500 lost less than 0.1 percent ...