01232017Mon
Last update: Mon, 23 Jan 2017 09am

Americas

Markets - Equity - Americas

Brazil real, stocks up as Senate debates spending cap SAO PAULO: Brazilian stocks and currencies rose on Tuesday on hopes that lawmakers would swiftly approve a key austerity measure later in the day.The Senate began final debate on a constitutional amendment limiting growth of public spending, a crucial step in President Michel Temer's efforts to curb public debt.The Senate is expected to approve the spending ceiling by a wide margin, though leftist opponents of the austerity measure have sought to delay the vote as long as possible.The real strengthened 0.7 percent, outperforming all of its Latin American peers.The country's benchmark Bovespa stock index rose 0.9 percent, with shares of Kroton SA the biggest gainers.Analysts with JPMorgan Securities increase their recommendation on the stock to "overweight," saying a 24 percent underperformance versus the benchmark index over the past six months might be overdone.Other Latin American markets were steady as traders remained cautious ahead of the US Federal Reserve policy decision ...

Markets - Equity - Americas

CANADA STOCKS-TSX rises with heavyweight financial, energy stocks TORONTO: Canada's main stock index rose in early trade on Tuesday, boosted by gains among energy and financial stocks as oil prices rose and investors eye a US Federal Reserve meeting. The Toronto Stock Exchange's S&P/TSX composite index was up 64.89 points, or 0.42 percent, at 15,352.59 shortly after the open. Copyright Reuters, 2016 ...

Markets - Equity - Americas

CANADA STOCKS-TSX gains on rising energy, bank stocks TORONTO: Canada's main stock index resumed a recent rally on Tuesday after a slip in the prior session, helped higher by gains among heavyweight banking and energy stocks, while materials stocks weighed. At 10:27 a.m. EDT (1527 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 53.04 points, or 0.35 percent, to 15,340.74. It earlier touched a fresh 19-month high of 15,381.03. Eight of the index's 10 main groups were in positive territory, led by ...

Markets - Equity - Americas

US stocks push higher, adding to records NEW YORK: Wall Street stocks rose early Friday, adding to a string of records on continued bullish sentiment about the US economic outlook as well as the European Central Bank's stimulus.About 35 minutes into trading, the Dow Jones Industrial Average was at 19,635.68, up 0.1 percent.The broad-based S&P 500 gained 0.2 percent to 2,251.69, while the tech-rich Nasdaq Composite Index advanced 0.5 percent to 5,444.12.All three indices closed at new records Thursday after the ECB ...

Markets - Equity - Americas

US stocks flat as ECB trims stimulus program NEW YORK: Wall Street stocks were flat early Thursday as the European Central Bank extended its stimulus program but said it would decrease the pace of bond-buying.The pace of ECB bond purchases will fall to 60 billion euros ($65 billion) per month in March from 80 billion euros per month. The program had originally been set to expire in March 2017, but was extended to December of next year."This new directive is being billed by ...

Markets - Equity - Americas

GLOBAL MARKETS-Wall Street muted by health stocks; Italy, ECB boost Europe NEW YORK: Wall Street's rise was held back by health stocks on Wednesday while European stocks rose on reports Italy would step in to rescue troubled bank Monte dei Paschi and on expectations the European Central Bank would extend its bond-buying. Major currencies treaded water with traders waiting on the ECB's Thursday meeting to find out if the ECB's monthly bond purchases will be kept steady or scaled back, and whether it will signal the eventual end of the program.  Prices on ...

Markets - Equity - Americas

EMERGING MARKETS-Brazil real slips after Senate president ouster; shares rise SAO PAULO: The Brazilian real slipped on Tuesday as a Supreme Court decision to oust the Senate's president raised concerns over potential delays in the approval of austerity measures to curb the country's massive fiscal deficit.Justice Marco Aurelio de Mello removed Senator Renan Calheiros based on a majority ruling by the nation's top court last month that any person indicted for a crime could not be in the presidential line of succession. The court had indicted him last week on ...