06252016Sat
Last update: Sat, 25 Jun 2016 05pm

Americas

Markets - Equity - Americas

US stocks head lower as GM plunges on poor sales NEW YORK: US stocks opened lower Thursday with General motors leading the fall after reporting an 18 percent decline in sales in May.About thirty minutes into trade, the Dow Jones Industrial Average was down 0.50 percent 17,697.73The broad-market S&P 500 lost 0.34 percent to 2,089.75, while the tech-heavy Nasdaq Composite dropped 0.27 percent to 4,934.90.GM shares lost 2.9 percent on its poor sales report, and rival Ford dropped 2.5 percent.Sentiment was also dampened by stagnant manufacturing activity reads in China and the eurozone that suggested little forward momentum for the global economy."Manufacturing PMI readings for May for China and the eurozone weren't all that inspiring as they showed either no growth or a deceleration from April," said Patrick O'Hare of Briefing.com.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

TSX turns lower as financials fall; ends month 0.8pc higher TORONTO: Canada's main stock index turned lower on Tuesday after hitting a new nine-month high, pressured by losses for financial stocks after one of the country's major banks reported results that missed estimates. Still the index ended 0.8 percent higher for the month of May and has rallied 22 percent from an almost 3-1/2-year low of 11,531.22 in January. "The market still has legs," said Steve Belisle, portfolio manager at Manulife Asset Management, who expects ...

Markets - Equity - Americas

US, European stocks fall as major economic news looms NEW YORK: US and European stocks pulled back Tuesday ahead of a heavy week of economic news, including the US May jobs report and the European Central Bank meeting.Coming back after market holidays Monday in New York and London, almost all major indices, except the Nasdaq, ended May on a low note.On Wall Street, investors weighed economic news with prospects for a Federal Reserve interest rate increase in two weeks.Despite a dip in consumer confidence, ...

Markets - Equity - Americas

TSX dips as energy stocks retreat ahead of OPEC meeting TORONTO: Canada's benchmark stock index edged lower on Monday as energy stocks retreated ahead of a meeting of oil producers later in the week, while mining stocks and financials also fell in a low-volume session for the index with US markets closed for Memorial Day.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 18.56 points, or 0.13 percent, at 14,086.67. Four of the index's 10 main groups ended lower. Copyright Reuters, 2016 ...

Markets - Equity - Americas

Financial and energy shares help push TSX higher TORONTO: Canada's main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from US central bank chief Janet Yellen. Yellen said in a speech that the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, boosting the case for a rate increase in June or July. Financial ...

Markets - Equity - Americas

Dollar gains, bond prices fall after Yellen remarks NEW YORK: The US dollar index hit a two-month high and US bond prices fell on Friday after Federal Reserve Chair Janet Yellen said a US interest rate hike will likely be appropriate in the coming months.Although they briefly trimmed gains on Yellen's remarks, US stocks ended higher and the S&P 500 capped off its strongest week since March. MSCI's all-country world stock index had its best weekly performance since mid-April."It's appropriate... for the Fed ...

Markets - Equity - Americas

TSX rises as financials climb; energy stocks dip with oil TORONTO: Canada's main stock index rose on Friday as financials rallied, while lower oil prices weighed on energy stocks. The Toronto Stock Exchange's S&P/TSX composite index was up 22.97 points, or 0.16 percent, at 14,072.17, shortly after the open. Nine of the index's 10 main groups were higher. Copyright Reuters, 2016 ...