06262016Sun
Last update: Sun, 26 Jun 2016 11am

Americas

Markets - Equity - Americas

Brazil stocks, currency rise on local politics, austerity measures SAO PAULO: Brazil's stocks and currency rose on Tuesday after a minister accused of seeking to hamper a corruption probe stepped down, while traders cheered the announcement of austerity measures by interim President Michel Temer.Former Planning Minister Romero Juca's resignation on Monday was seen by traders as a swift response by Temer's center-right government to its first major scandal, which had helped drive Brazilian markets lower on Monday.Excerpts from a taped conversation had showed Juca agreed on the need for a "national pact" to limit the graft investigation, unleashing outrage two weeks after Temer took charge from leftist President Dilma Rousseff.Also helping brighten the mood was the announcement of measures including a proposed constitutional amendment that would automatically limit growth of public spending.Some investors remained cautious, however, arguing lawmaker support is far from guaranteed."There will be lots of bickering," said Jos? Carlos Amado, an FX trader with Spinelli brokerage in ...

Markets - Equity - Americas

US stocks follow European markets higher NEW YORK: Wall Street stocks jumped early Tuesday, joining a rally in Europe as bourses in Frankfurt, Paris and London rose by one percent or more.The strong performances in Europe followed better-than-expected German growth figures but a disappointing reading on German investor confidence due to worries about a possible exit of Britain from the European Union.Analysts said the uncertainty about Britain will likely keep the European Central Bank on an accommodative course.About 35 minutes into ...

Markets - Equity - Americas

Brazil currency drops on local political woes SAO PAULO: Brazil's currency fell sharply on Monday on reports that a high-ranking minister, in charge of securing legislative support for fiscal austerity measures, had sought to obstruct a sweeping corruption probe.Mexico's peso also dropped more than 1 percent in afternoon trading after hawkish comments from US Federal Reserve policymakers reinforced expectations for a US interest rate hike in June or July. Traders often treat Mexico's currency as a proxy for other emerging markets.But Argentina's ...

Markets - Equity - Americas

US stocks dip; Apple rises on iPhone order report NEW YORK: Wall Street stocks dipped Monday amid a dearth of economic data for guidance, while Apple climbed following a bullish report on new iPhone orders.Analysts described trade as sluggish, with the market keeping its focus on US monetary policy and the prospects of higher interest rates. Though Monday was quiet as far as economic data, this week's calendar includes data on home sales, durable goods orders and the second estimate of US economic growth ...

Markets - Equity - Americas

Dollar up on rate hike talk; stocks flat NEW YORK: Global stock markets were little changed and the U.S. dollar gained on Monday as investors weighed the possibility that U.S. interest rates could soon be raised.Commodities were weak across the board. Oil prices fell and were on track for a fourth session of losses as investors worried about global supply, and copper prices fell towards the three-month lows hit last week.In the United States, an imminent rise in interest rates was looking more ...

Markets - Equity - Americas

Brazil shares, currency drop on local political woes SAO PAULO: Brazil's stocks and currency fell sharply on Monday on reports that a high-ranking minister, in charge of securing legislative support for fiscal austerity measures, had sought to obstruct a sweeping corruption probe.Planning Minister Romero Juc? agreed to a "national pact" to weaken the country's biggest ever corruption investigation known as operation "Car Wash," according to excerpts from taped conversations published by the daily Folha de S. Paulo.Juc? ruled out resigning, saying he supported ...

Markets - Equity - Americas

Monsanto jumps on Bayer bid; US stocks edge up NEW YORK: Monsanto shares jumped Monday after German chemicals giant Bayer said it had bid $62 billion for the US agricultural giant as US stocks opened slightly higher.Monsanto climbed 6.2 percent on news of the Bayer bid, which comes amid a wave of consolidation in the agrochemical sector with DuPont-Dow Chemical and other deals. Monsanto has not responded publicly to the offer. There were no major US economic releases Monday, but the calendar this week ...