Wednesday, 24 April 2013 02:32
Posted by Asad Naeem
TORONTO: Canada's main stock index closed little changed on Tuesday as sluggish economic data from China, Germany and the United States revived concerns about the global recovery.Lackluster earnings reports from some Canadian companies also weighed down investor sentiment.The latest Purchasing Managers' Indexes for the euro area showed business activity in Germany shrank for the first time in five months in April, while China's April HSBC flash PMI fell. Also, US manufacturing grew at its most sluggish pace in six months as domestic demand dried up.The resource-heavy index, which is sensitive to global growth trends because of their impact on commodity prices, was up for the fourth straight session, but is down about 3 percent on the year."The market's got this rally going, but we don't think we're out of the woods yet," said Robert McWhirter, president and portfolio manager at Selective Asset Management. "There is probably another 2 to 3 ...
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TORONTO: Canada's main stock index closed little changed on Tuesday as sluggish economic data from China, Germany and the United States revived concerns about the global recovery.Lackluster earnings reports from some Canadian companies also weighed down investor sentiment.The latest Purchasing Managers' Indexes for the euro area showed business activity in Germany shrank for the first time in five months in April, while China's April HSBC flash PMI fell. Also, US manufacturing grew at its most sluggish pace in six months as domestic demand dried up.The resource-heavy index, which is sensitive to global growth trends because of their impact on commodity prices, was up for the fourth straight session, but is down about 3 percent on the year."The market's got this rally going, but we don't think we're out of the woods yet," said Robert McWhirter, president and portfolio manager at Selective Asset Management. "There is probably another 2 to 3 ...
NEW YORK: Global equities markets rose on Tuesday, recovering from a brief tumble on a false report of explosions at the White house, while the euro dipped as weak economic data from Germany raised hopes the European Central Bank may further ease monetary policy.Shortly after 1 p.m. ET (1700 GMT) markets for stocks, bonds, oil, gold and commodities were briefly roiled following an Associated Press tweet, quickly shot down as bogus, reporting two explosions at ...
NEW YORK: US stocks sharply cut gains before bouncing back on Tuesday following a "bogus" Associated Press report about explosions at the White House.The benchmark S&P 500 dropped 14 points to as low as 1,563.03 before recovering, all in about five seconds. An AP tweet, which an AP spokesman said was "bogus," had said there were two explosions at the White House."We see this every time this type of news comes out: liquidity evaporates quickly. ...
NEW YORK: US stocks finished up more than one percent Tuesday despite a two-minute mini-crash due to a false AP news tweet, with good earnings results from DuPont, Travelers and Netflix.At the closing bell, the Dow Jones Industrial Average was up 152.29 (1.04 percent) at 14,719.46.The broad-based S&P 500 added 16.28 (1.04 percent) at 1,578.78, while the tech-rich Nasdaq Composite Index jumped 35.78 (1.11 percent) to 3,269.33.Copyright AFP (Agence France-Presse), 2013 ...
NEW YORK: US stocks moved higher Monday amid mixed earnings reports, bouncing back after last week's losses.The Dow Jones Industrial Average gained 19.66 (0.14 percent) to 14,567.17. The broad-based S&P 500 added 7.25 (0.47 percent) to 1,562.50, while the tech-rich Nasdaq Composite Index jumped 27.50 (0.86 percent) to 3,233.55. Some analysts said stocks were poised to rally after the major indexes last week lost more than 2 percent amid mediocre corporate earnings.Monday's gains came despite ...
NEW YORK: The dollar slipped against the Japanese yen on Monday but remained within a hair's breadth of the key 100 level while global equities erased earlier losses as Wall Street attempted a rebound after its worst weekly decline this year.US stocks mostly rose by afternoon trade on Wall Street, reversing earlier declines on strength in technology shares, while the energy and material sectors advanced on encouraging results such as Caterpillar Inc and Halliburton.The day's ...
