05292016Sun
Last update: Sun, 29 May 2016 10pm

Americas

Markets - Equity - Americas

US stocks edge higher NEW YORK: Wall Street stocks opened modestly higher Monday as investors weighed strong economic data from Germany that gave a boost to European markets.About 15 minutes into trade, the Dow Jones Industrial Average was up 0.2 percent at 17,773.76.The broad-based S&P 500 rose 0.3 percent to 2,062.79, while the tech-rich Nasdaq Composite Index gained 0.4 percent to 4,755.25. Frankfurt pushed 1.4 percent higher after German data showed much stronger than expected industrial orders in March. But earlier, Shanghai stocks tumbled 2.8 percent on weak Chinese exports in April. Briefing.com analyst Patrick O'Hare also cited reports that the Chinese central bank was retreating from any additional monetary stimulus. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

TSX rises as higher gold and oil support resource stocks TORONTO: Canada's main stock index rose on Friday as gold stocks rallied, while energy stocks also gained after oil turned higher. The most influential movers on the index included Barrick Gold Corp, which rose 5 percent to C$24.16, and Goldcorp Inc, which advanced 4 percent to C$25.06. Spot gold rose 0.8 percent after US nonfarm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases. ...

Markets - Equity - Americas

TSX falls with oil; data and wildfire weigh on outlook TORONTO: Canada's main stock index fell on Friday, together with a drop in oil prices, while weaker-than-expected US and Canadian jobs data and wildfire-driven oil production cuts in Alberta weighed on the country's economic outlook. The Toronto Stock Exchange's S&P/TSX composite index was down 23.68 points, or 0.17 percent, at 13,608.33, shortly after the open. Seven of the index's 10 main groups were lower, including energy and financials. Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks fall on weak April jobs growth NEW YORK: Wall Street stocks retreated in opening trade Friday after the Department of Labor reported the US economy added a lower-than-expected 160,000 jobs in April.The much-anticipated monthly report put April's job gains at by far the weakest level of the year and also modestly downgraded estimates for jobs growth in the prior two months.On the positive side, wage growth picked up pace to 2.5 percent year-on-year, a possible sign of continuing firming in the ...

Markets - Equity - Americas

US shares turn flat as oil pares gains; US yields fall NEW YORK: US shares erased earlier gains on Thursday after oil prices eased from their highs, removing some support from energy shares and risk appetite, while benchmark Treasury yields hit more than two-week lows ahead of the April U.S. employment report due Friday.U.S. crude prices jumped by more than 5 percent before paring gains, with a huge wildfire near Canada's oil sands region and escalating tensions in Libya stoking concerns among investors of a near-term ...

Markets - Equity - Americas

Latam stocks slip as Brazil banking shares fall BRASILIA: Latin American stocks edged lower on Thursday, dragged down by the financial sector, mostly in Brazil, although higher crude prices helped lift currencies and stocks of oil producers.Markets in Mexico also slipped after oil prices eased from their highs and the US dollar rose to a one-week high against a basket of currencies as traders closed out profitable bets against the greenback.The MSCI Latin American stock index fell 1.4 percent, with Brazil's Bovespa stock ...

Markets - Equity - Americas

TSX rises, led by resource stocks as oil rallies TORONTO: Canada's main stock index rose on Thursday, snapping a three-day losing streak as higher oil prices supported energy stocks, while gold stocks also rallied. Gains for the index come one day after it fell to a two-week low of 13,570.02 as a wildfire cut production in Canada's oil sands region. Austrian consultancy JBC Energy estimated that some 500,000 barrels per day of capacity was offline. The wildfire has grown to five times its initial ...